Daily FNArena News

The share price is rising and brokers are jumping on the CSG bandwagon, but there’s still a big gap between the share price, target prices and the independent expert’s valuation.

Broker reviews of the listed property trust sector following the recent reporting season see analysts looking for value.

Crude oil crashed through US$100 per barrel yesterday.

Late in last night’s session, Wall Street turned its attention away from the biggest corporate failure in US history to contemplate whether that record might be smashed within the week.

Rather than acquire Lehman Brothers Bank of America is now buying Merrill Lynch for around US$44 billion seeing Lehman Brothers announce a move to chapter 11.

Big increases to the Australian Bureau of Statistics’ Australian population growth forecasts mean big problems for infrastructure planners.

A consortium of global banks is preparing a rescue fund for the market – but not for Lehman.

Weekly musings from your editor. I think I have discovered a new barometer for global economic growth. Investors better watch this one closely before making any decisive decisions.

Not much on the local calender, but plenty of attention will be paid to economic development in the US and Europe. And to Lehman Bros of course.

It’s been a long day for US authorities and various bankers trying to find a solution for troubled investment bank Lehman. So far no deal appears to be in the making.