Taking bets on an Australian Recession - Centrebet
Centrebet is offering good odds on the economy bottoming out.
The bookmaker has Australia a $1.12 favourite to fall into recession in the next 12 months, and $5.50 if it is avoided. (more…)
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US overnight interest rates slashed to 0.25%
The US Federal Reserve on Tuesday aggressively cut its target for overnight interest rates to a record low zero to 0.25%, and said it would employ “all available tools” to dispel a year-long recession. (more…)
2008 worse for shares than Great Depression
After 11 months of the global financial crisis, 2008 now stands as the worst year for investors on record. (more…)
50% of businesses plan job cuts and pay freeze
NEARLY half of businesses in Australia and New Zealand are axing employees or freezing staffing levels - on expectations that business conditions will worsen. (more…)
Jobs at risk - finance and retail sectors
THE financial and retail sectors have a nail-biting Christmas period ahead, with further job cuts expected in late January. (more…)
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