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Gold Tops US$800 for 1st Time Since 1980
1pointsGold barreled above US$800 an ounce Wednesday for the first time since 1980 as investors cheered the Federal Reserve's decision to lower its benchmark interest rate by a quarter point.
Sky to launch Australia's first business channel
1pointsFoxtel, Sky News and Austar have announced a deal to start running Australia's first 24-hour TV business news channel early next year.
More Australians defaulting on mortgages: report
1pointsWith the next critical meeting of the Reserve Bank only a week away, there is fresh evidence of growing mortgage stress across Australia.
Australian dollar hits 92 US cents
1pointsTHE Australian dollar has hit 92 US cents for the first time since 1984, making it cheaper for Australians to buy imported goods, but harder for exporters to sell their goods overseas.
Microsoft to take stake in Facebook
1pointsMICROSOFT will take a $US240 million ($267.66 million) stake in the wildly popular social-networking website Facebook as part of an expansion of the strategic alliance of the two firms, the companies said today.
Perth has world's tightest office market
1pointsThe Perth office market is now the tightest in the world, with a vacancy rate of just 0.7 per cent, leaving some companies to squeeze workers into boardrooms because space is so tight, says a property leasing company.
Inflation jumps 1.9 per cent
1pointsThe latest measure of inflation in Australia has just been released. The September quarter Consumer Price Index is showing an annual rise in the cost of living of 1.9 per cent.
Suspect business network back in Perth - XL Result
1pointsSuspect business network targeting Perth Consumers. The Australian arm of XL Results Foundation is promoted by Mr Paul Dunn of Results Net in Brisbane and Mr John Abbott operating out of Perth.
Flat yield curve - a signpost to slowdown?
1pointsWith nine consecutive hikes in the cash rate, and a flat yield curve (courtesy of NAB):
Aussie John moves to cars
1pointsAUSSIE Home Loans boss John Symond has made his millions in bricks and mortar, but now he's decided it's time to branch out, with loans for cars.
Rates rise tipped for November
1pointsEconomists say another interest rate rise is possible in November, as the United States economy retreats from the edge of a recession.
Aust dollar hits 23 year-high
1pointsTHE Australian dollar surged above US90 cents to reach its highest point in 23 years today before retreating sightly before the local market opened.
Richard Pratt to admit breaking law
1pointsAUSTRALIA'S third-richest man, Richard Pratt, is preparing to admit for the first time that he and his company, Visy, broke the law in the nation's biggest cartel case.
WA venues win two National Hotel Awards
1pointsTWO WA venues have been recognised at the 2007 Australian Hotels Association National Hotel Awards for Excellence last night.
Web revolution overwhelms print evolution
1pointsTHE financial media are in a state of flux and, ironically, the uncertainty primarily revolves around whether customers are willing to pay for financial news online.
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