Daily FNArena News

The US Securities & Exchange Commission has announced it intends to ban all short selling on Wall Street for a period, subject to requisite approval.

The recent falls in the oil price are presenting policy makers in China a good opportunity to address the issue of fuel subsidies.

While slowing below 10 year trends, Australian domestic demand is still growing.

The Economist’s Intelligence Unit expects the financial crisis to produce a US recession and weaker global growth with corporate collapses increasing.

Remember US$200 oil? Wasn’t that where we were headed?

Even though the US dollar has rallied hard in recent months, weakening global conditions remain supportive for further gains.

The acquisition of Eklund Drilling is inarguably good news, but the brokers that are on the fence remain there.

The consumer driven slowdown in the Australian economy is impacting on food retailers in particular, with high food and fuel prices likely to add to pressures.

Alesco has revised down its earnings outlook citing unfavourable conditions and brokers have reacted by cutting price targets for the stock.

The latest read of the Westpac–Melbourne Institute Leading Index is consistent with a weak outlook in the months ahead.