World's airlines seen losing billions this year World airlines are set to lose $4.7 billion this year as a result of the global recession that has shrunk passenger and cargo demand, industry body IATA said. 15 May 2009
112.
Australia's CBA to cut dividend, lift provisions CBA flagged a 25 percent cut in its final dividend and would continue to increase provisions for bad debts, anticipating further deterioration in credit quality. 13 May 2009
Melbourne's affordable suburbs continue to defy downturn Melbourne median house prices slipped 3.1% in the March quarter, with the market confidence shot down by a slowing economy, according to the Real Estate Institute of Victoria. 11 May 2009
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'Depression insurance' a sign of the times Australian workers are not only enduring stress as a result of the country's current economic climate, research shows many are suffering depression and are being forced to take time off work. 07 May 2009
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Wolfgang says Porsche won't be sold to VW: report Wolfgang Porsche, head of the supervisory board of Porsche and patriarch of one of its two controlling families, said the carmaker will not be sold to Volkswagen . 05 May 2009
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Australia opposition says won't back carbon plan Australia's opposition leader called the government's planned emissions trading scheme "flawed" on Monday and said he would not support it. 04 May 2009
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Eric Bana's "beast" love rivals his acting passion Eric Bana, star of movies such as "Troy" and "Munich," let New Yorkers in on a different slice of his seemingly glitzy life this week at the Tribeca Film Festival -- his passion for cars and motor racing. 04 May 2009
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Chrysler bankruptcy reflected in ratings - Moody's Moody's Investors Service said rating actions taken on Chrysler's auto loan and lease ABS over recent months reflected the deterioration in performance that led to its bankruptcy filing on Thursday. 01 May 2009
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CBA's newly acquired Bankwest in bad-debt spiral Commonwealth Bank of Australia, the nation's third-largest lender, revealed on Thursday a near 10-fold increase in bad-debt charges at its newly acquired Bankwest unit, further muddying the outlook for local banks. 30 Apr 2009