Daily FNArena News

While the US Federal Reserve is becoming increasingly concerned about the inflation outlook the Commonwealth Bank suggests the US Housing market needs to stabilise before a rate hike is considered.

US thrift IndyMac collapsed on Friday as the market focused on Freddie and Fannie. It was the second biggest bank collapse in US history.

CSR scored no less than four brokers upgrades this morning following yesterday’s share price plunge.

The copper market is hearing rumours of a secret stockpile of around 800,000 tonnes of copper in Chinese warehouses but according to Barclays Capital there is little substance to back them up.

Labour market data for June came out stronger than expected and add to the conflicting economic signals at present, which is clouding the rate pciture for the RBA.

Credit insurance group Atradius has surveyed businesses globally and come away with the conclusion the global credit crisis still has further to run.

The IAG strategy update left all analysts totally unsurprised. But where were the numbers to explain the rejection of the QBE bid?

Sick of scrambling to secure raw materials from tight supplies, South Korea announced it would triple stockpiles.

Weekly musings by your editor. Let’s suppose high oil prices are here to say. Does anyone still see any benefits in portfolio diversification?

Retail sales seem the only paradox in Australia as now housing finance joins the ever growing list of weakening data.