Business NewsWall St rebounds after horror daysUS shares swung higher at the opening on Friday, staging a modest rebound after two days of vicious selling that pushed the main indexes to multi-year lows. Emotions govern in trading upswing WORLD stock markets staged a turnaround today, with Tokyo closing up nearly three per cent and European indices back in the black despite a steady flow of dismal economic news. Shares bounce back to close 2pc up THE share market has made a surprise turnaround this afternoon, rallying to finish more than 50 points in the black, after spending the day languishing around 3 per cent lower. Charges against ex-HIH director dropped A CHARGE against former HIH chairman Geoffrey Cohen, that could have led to a one-year jail sentence, has been dropped. Japan leaves interest rates unchanged JAPAN'S central bank has left its key interest rate unchanged at 0.3 per cent, three weeks after reducing borrowing costs for the first time in seven years to tackle the recession. Scams on the rise ACCC warns 'TIS the season for scams, or so it seems. Aussies pay now, buy later ONE of the world's bigggest credit card companies says Australians are borrowing wisely. Citigroup could be put up for sale WITH Citigroup stock value plunging, top executives at the financial giant are considering the sale of all or parts of the company, the Wall Street Journal reported on its website. Cheer up and don't mention the 'R' word IT may be the barbecue-stopper this weekend, but the Reserve Bank boss has pleaded with Australia not to talk itself into a recession. Telstra workers vote on strike action Telstra workers are voting on whether to take urgent industrial action over pay claims, as the company's annual general meeting (AGM) of shareholders is held in Melbourne. |
