Oil falls near $66 after bleak U.S. jobs data (Reuters Finance News, Australia)
LONDON, July 3 (Reuters) - Oil fell towards $66 a barrel on Friday, adding to a drop of nearly 4 percent the previous day, as unemployment data hardened views economic weakness would sap energy demand further and that last month’s rally was overdone.
Japan may add noise to quiet hybrid cars (AAP)
Japan’s near-silent hybrid cars have been called dangerous by the vision-impaired and some users, an official says.
Wall St triggers local sell-off
WALL Street’s tumble on the back of weaker than expected non-farm payroll data pushed the Australian sharemarket down to a seven-day low before the weekend, with cyclical stocks coming under pressure.
Plan for central swaps clearing
AUSTRALIA’S illiquid credit default swap market could get a shot in the arm in coming months as traders embrace a global move to reduce counterparty risk and boost transparency in derivatives, according to analysts.
Crabtree & Evelyn in US strife
PERFUMED soap and lotions retailer Crabtree & Evelyn has sought bankruptcy protection in the US with plans to close some underperforming locations there.
Stimulus ringing up big sales
Canberra’s cheques in the mail are now in the mall, but will it last?
ASIC backs Lehman’s creditors
LOCAL councils are seeking to overturn a deed of arrangement that they say will prejudice their interests.
Rio easily raises$19bn
LOCAL investors buoyed by enthusiastic response in Britain.
Jobless rise rattles markets
GLOBAL stockmarkets have taken fright as the chance of a sharp recovery from the economic recession was thrown into doubt by a record rise in unemployment levels in the US.
PBL Media’s hard man
IAN Law could “stare down a brown snake”, says one admirer.