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Finance, Banking & Insurance

Australian dollar drops below 75 US cents

The Australian dollar has fallen below 75 US cents for the first time since October 2006. Today it dropped as low as 74.46 US cents. At 4:00pm AEDT, the ASX 200 had dropped 3.3 per cent to 4,540. The All Ordinaries index had...

American Airlines looks at 'a la carte' pricing

By DAVID KOENIG | AP Business Writer FORT WORTH, Texas (AP) _ The idea of paying a single, simple fare to fly on an airliner is becoming as quaint as stewardesses in short skirts. Starting next year, American, which led a...

London Hit By Large Share Falls

The FTSE index of leading UK shares was down sharply soon after opening amid fears the $700bn US bank bail-out package would not be enough to stem the global financial crisis. Big falls on London stock market The FTSE fell...

Chinese insurer to record US & #36;2.3b loss

backed out of a deal to buy 50 per cent of Fortis's asset management arm for E2.15 billion ($A3.83 billion). Fortis said the Chinese company blamed turmoil in financial markets. Still, the two companies are likely to go ahead...

U.S. stocks drop after global sell-off

Financial markets around the world had a rocky start Monday after European governments took steps to limit the damage from the growing global financial crisis and the credit markets remained under strain

European crisis sends FTSE tumbling

The FTSE 100 Index tumbled more than 200 points after a weekend of financial turmoil in Europe. Investors took scant comfort from Friday's backing of a US financial rescue to leave the FTSE 100 Index down almost 5% or 240.5...

Financing puts brakes on car dealers

NEW YORK (AP) _ Hundreds of thousands of new cars and trucks that would have quickly made their way to people's driveways a year ago are now stacking up on dealer lots across the country, with potential buyers worried about...

A Pal Around McCain

Monday, October 6, 2008; Page A15 "There's no question that we have to change the subject here," a senior Republican operative told The Post's Michael D. Shear in a story published Saturday. As Americans have taken their eye...

Bid to ban unfair energy prices

Energy watchdogs have given the energy supply industry notice to end practices that are failing some households. And they have proposed measures to ban unfair price differences. Ofgem said electricity and gas firms should stop...

Oil falls below $90 as financial turmoil spreads

SINGAPORE (AP) - Oil prices have fallen below $90 a barrel on worries that the spreading financial crisis will exacerbate a global economic slowdown and cut demand for crude oil. Light, sweet crude for November delivery was...