Daily FNArena News

…a supermodel is refusing payment in the currency.

The emergency board meeting on the weekend has resulted in Citi admitting to a further US$8-11bn in write-downs to follow.

Kurdish rebels have safely returned captured Turkish soldiers. Oil price weakness tonight?

The RBA is widely expected to raise interest rates by 25 basis points on Wednesday following the Cup.

A Dow close of +27 last night belied the extreme volatility throughout the session. Gold rocketed through US$800/oz.

With a favourable interest rate differential and strong commodity prices the Aussie dollar has gained against the greenback, but TD Securities suggests parity is on the cards in 2008.

With the Melbourne Cup next week betters are assessing form guides and economists are doing the same to determine just how high Australian interest rates may go.

Westpac showed yesterday why it had been the broker’s top banking pick for many months.

The Dow fell 362 points last night as the financial sector woke up to the fact there’s still a credit crunch going on.

ROC Oil has so far found dust in Angola, while AWE succeeds across the Ditch. Macarthur coal just keeps running into an infrastructure wall.