News archive from 4 October 2013

Wall Street tumbles as US government shutdown grinds on

Wall Street tumbles as US government shutdown grinds on

Wall Street fell for the second day in a row as anxiety over the US government shutdown grows and the market turns its attention to the need to raise the $US16.7 trillion debt ceiling.The 17 October deadline is fast approaching. There are fears if the...

ABC News, 09:03 in Business
 

Signature of former boss on alleged $40m kickback document

Fraud and bribery claims against Leighton Holdings revealed by Fairfax Media on Wednesday sent the company's shares falling 10.4 per cent to $17.54, their biggest one-day loss since April 2011. The slump wiped $688 million off Leighton's market...

 

'Like 2008, or worse': Congress warned to raise debt ceiling

The shutdown prompted growing concern of wider economic consequences when it stretched into a third day on Thursday, and President Barack Obama challenged Republicans to "stop this farce" by allowing a straight vote on a spending bill. But...

 

Signature of former boss on alleged $40m kickback document

Fraud and bribery claims against Leighton Holdings revealed by Fairfax Media on Wednesday sent the company's shares falling 10.4 per cent to $17.54, their biggest one-day loss since April 2011. The slump wiped $688 million off Leighton's market...

 

'Like 2008, or worse': Congress warned to raise debt ceiling

The shutdown prompted growing concern of wider economic consequences when it stretched into a third day on Thursday, and President Barack Obama challenged Republicans to "stop this farce" by allowing a straight vote on a spending bill. But...

 

Markets Live: ASX set to fall

9:27am: The Australian market looks set to open lower after Wall Street suffered hefty losses as the US partial government shutdown continued and worries climbed that the nation may default. What you need2know: SPI futures down 24 points to 5,204. AUD...

TheAge, 09:34 in Business
 

Signature of former boss on alleged $40m kickback document

Fraud and bribery claims against Leighton Holdings revealed by Fairfax Media on Wednesday sent the company's shares falling 10.4 per cent to $17.54, their biggest one-day loss since April 2011. The slump wiped $688 million off Leighton's market...

 

'Like 2008, or worse': Congress warned to raise debt ceiling

The shutdown prompted growing concern of wider economic consequences when it stretched into a third day on Thursday, and President Barack Obama challenged Republicans to "stop this farce" by allowing a straight vote on a spending bill. But...

 

Markets Live: ASX set to fall

9:27am: The Australian market looks set to open lower after Wall Street suffered hefty losses as the US partial government shutdown continued and worries climbed that the nation may default. What you need2know: SPI futures down 24 points to 5,204. AUD...

 

Markets Live: ASX set to fall

9:27am: The Australian market looks set to open lower after Wall Street suffered hefty losses as the US partial government shutdown continued and worries climbed that the nation may default. What you need2know: SPI futures down 24 points to 5,204. AUD...

 
Divers to inspect yacht wreck

Divers to inspect yacht wreck

Authorities remain concerned about possible fuel leaks from a luxury cruiser which caught fire and sank off far north Queensland.Sixteen crew and passengers were forced to abandon ship early yesterday at Cow Bay off the Daintree coast. The super yacht...

ABC News, 09:43 in Business
 
US Treasury warns debt stoush could spark financial crisis

US Treasury warns debt stoush could spark financial crisis

As the budget stalemate in Washington starts to hurt financial markets, the United States Department of Treasury is warning further congressional deadlock on the country's $US17 trillion debt ceiling would have "catastrophic consequences".In...

ABC News, 09:54 in Business
 
Typo adds $14.5 billion to Spain's debt

Typo adds $14.5 billion to Spain's debt

The Spanish government has admitted to making a typographical error which increased the country's public debt figure by about $14.5 billion.Four days after announcing the national 2014 debt figure to the world, the economy ministry has issued a...

ABC News, 09:57 in Business
 

UK chefs Jamie Oliver and Heston Blumenthal in Aussie supermarket battle

JAMIE Oliver will take on Heston Blumenthal in the battle of the big two supermarkets with the king of pukka tucker being announced as the new face of Woolworths. The supermarket giant said Oliver's focus will be on promoting and developing fresh and...

 

This fire just cost Tesla $2.5 billion after battery fire in Seattle

A FIRE that destroyed a Tesla electric car near Seattle which began in the vehicle's battery pack has wiped $US2.5 billion off the company's value. Tesla spokeswoman Liz Jarvis-Shean said the fire on Tuesday was caused by a large metallic object...

 
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