ASX suffers worst day of the year
Over $30 billion was wiped off the sharemarket in the biggest fall of the year as a sharp dive in oil prices over the past two days shattered investor confidence and sparked a broad-based sell-off.
Soft US profits could hold back Fed hikes
If the earnings downgrades keep coming, expect Wall Street to sell-off again.
Job cuts loom large at investment banks
As investment banks globally grapple with where the next phase of earnings upside will come from, expectations are growing in Australia of wide-scale job cuts at several firms.
Citigroup's equities research director calls for 'thought leaders'
Equities analysts need to become "thought leaders" to stay relevant, the new director of research at Citigroup, Craig Woolford, says.
Aussie banks hit by short sellers
Short sellers now have their largest position against Commonwealth Bank in 3½ years as analysts warn foreign buying from income-obsessed investors will turn to selling.
Think oil is cheap? Some biodiesel's going for free
Biodiesel's become so cheap in the US that some refiners are being paid to use it.
Energy giants' credit ratings slip on oil's slide
Fading hopes of a cut to production led oil to resume its collapse, bringing down with it the world's biggest producers.
Aussie dollar falls into trade gap
Disappointing trade deficit data tipped the Aussie dollar south, following stocks and the oil price.
Why bank stocks are getting hammered
Japanese bank shares have dropped 10 per cent, European bank stocks are down 20 per cent and the big four banks' shares are all down.
The case for an oil rebound
While oil has fallen faster than metals, the oil price should bounce sooner than depressed metals prices, Goldman says.
