Archive for February, 2007

WA’s CCC inquiry to end public hearings

Wednesday, February 28th, 2007

The corruption inquiry that has brought down three State Government ministers and shaken the foundations of the Western Australian Labor party winds up its public hearings today.
What started out as an inquiry into the handling of a proposal for a tourist development in the south west turned into an investigation into the highest echelons of […]

Stanhope survives no confidence motion

Wednesday, February 28th, 2007

The ACT Government has defeated a motion of no confidence in Chief Minister Jon Stanhope over his handling of the 2003 bushfires.
Opposition Leader Bill Stefaniak brought the motion before the Assembly but the Government used its numbers to defeat it.
Mr Stefaniak described Mr Stanhope’s handling of the impending disaster as reminiscent of the third world.
“He […]

Outlook uncertain for interest vote

Wednesday, February 28th, 2007

Heres hoping they can kiss and make up. The nine men and women on the Bank of Englands Monetary Policy Committee (MPC) will meet this morning to begin their interest rate deliberations still bearing the bruises from their meeting last month.
Januarys vote broke all the rules. Paul Tucker, the MPCs arch hawk, voted against […]

Yesterday’s trading: Global fall sends London tumbling

Wednesday, February 28th, 2007

Overnight events in China, which saw the Shanghai Composite index plummet more than 9% for its biggest fall in 10 years, and growing fears about possible sanctions against Iran, gave them the perfect excuse to give the market a whack. And did they?
They slashed opening prices in the hope that nervous investors would panic […]

Fed Chairman Says Markets Working Well

Wednesday, February 28th, 2007

Fed Chairman Says Markets Working Well Bernanke Says Markets Appear to Be Working Well With No Big Change in Economic Outlook By MARTIN CRUTSINGER The Associated Press
WASHINGTON - Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that the administration and federal regulators are closely monitoring financial markets in the wake of the biggest […]