Australian Financial Review
DON'T MISS: Property: Rental crisis persists | Resources stocks hit again | The Reject Shop's optimism | WA growth to shrink | Super funds losses
Wall St plummets on grim outlook
07:52AM | Wall Street had its worst day since the 1987 stock market crash as economic data fed worries of a severe recession.

Bernanke says US economy facing big threat
05:24AM | Turmoil in credit markets poses a "significant threat" to the the US economy, the Fed chairman says.

Rudd moves to curb bank pay
02:30AM | Bank executives would have their pay packages targeted to discourage risky lending under a radical government proposal.

04:31AM | Recession fears hit oil, metals, grains ...
02:34AM | Defence spending caught in the crossfire ...
05:52AM | Australia, S.Korea go top after World Cup routs ...
Polls hammer McCain
Obama builds lead on McCain ahead of final presidential debate.

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07:45AMUS dollar, yen gain as risk appetite diminishes07:39AMGlobal Markets: US stocks plunge on recession scare; gold rises07:33AMTreasury Outlook: Economic data may be overshadowed07:30AMDimon on the US government's bail-out moves07:26AMWells Fargo's 3rd-Quarter profit drops
News
National
Record profit makes a red-letter dayHundreds left angry as Opes Prime is wound upBlow for Conroy as Telecom NZ quits TerriaWorld
Global recession fears deepen, markets tumbleBernanke says US economy facing big threatText of Bernanke's speech in New YorkCompanies
Deliveries still run to plan: AlbaneseRio admits $14bn assets won't go quicklyWesfarmers chief stands by Coles rebuild scheduleMarket Wrap
Mumford: Doom and gloom may now be overdoneCuts may be sooner and deeperStreet TalkInformation
Gauging demand too difficult: IntelCBA follows BankWest buy with shake-upComputer slowdown precedes efficiency reviewFinancial Services
APRA clout over banks boostedIFSA urges more ASX oversightCornell: Rudd's stance is populist and properProperty
Crisis engulfs office towersGandel sells CFS parcelCash, property shine as shares crash and burnTODAY'S NEWSPAPER
See the
printed edition.SUBSCRIBE |Sign in/out Out of puff: ASX slips as growth concerns linger. Oil below $US80. Aussie retreats on economy fears. Read more

Click here for Wednesday's edition
ASX Quote ASX code Company name
Indices
S&P/ASX 200 -0.8% -35.2 4300
All Ords -0.9% -39 4272.5
Dow Jones -7.87% -733.08 8577.91
FTSE 100 -7.2% -314.6 4079.6

Near real-time

Money & Commodities
AUD/USD -5.5159% -0.0386 0.6612
AUD/JPY -7.5374% -5.3900 66.12
AUS 10YR -0.1859% -0.0100 5.370



At least 20min delayed

Gainers & Losers
PHARMANET GROUP 100.00% 0.004
TAWANA RESOURCES NL 90.48% 0.040
AUTOMOTIVE TECH 87.50% 0.225
GREATER BENDIGO 78.57% 0.075
HERITAGE GOLD NZ 66.67% 0.020
FACILITATE DIGITAL -75.00% 0.050
FRIGRITE LIMITED -40.54% 0.110
EAGLE NICKEL -40.00% 0.090
BUCCANEER ENERGY -37.04% 0.085
COMPUTRONICS HOLD. -35.71% 0.045

ReutersAt least 20min delayed
Industries
Tracks & Alerts
Research & Tools

Business & Financial Services
Battle of the banksFast rule change avoids write-downsDepositors look at much lower returnsCapital Goods
Defence spending caught in the crossfireBriefsNeed for high preparedness questionedConstruction & Engineering
Crisis engulfs office towersAnalysts rate building fillip: it's not enoughBuilders squeezed by funding worriesConsumer Goods
Top end traders dreaming of an alright ChristmasWesfarmers chief stands by Coles rebuild scheduleChocolate giant eyes drinks saleBusiness Energy & Utlities
Barnett nominates Kimberley gas siteFuel savings, less pollution no idle matterSavvy drivers throw the switch to LPGHealth
Waiting roomCSL profits to hit top of forecastLung drug holds promise for biotech groupIT & T
Blow for Conroy as Telecom NZ quits TerriaFast factsTelecom NZ trims forecast on 3G spendingMaterials
Beer allergen warning to be droppedRio upbeat, but rethinks sell-offCoal & Allied's 3rd quarter output dropsMedia
Retail groups attack media campaignAlexander tops list of sector's highest paid30 secondsMetals & Mining
Deliveries still run to plan: AlbaneseRio admits $14bn assets won't go quicklyProject of Olympic proportionsPrimary Industry
At least someone's happy as a pig in mudFarmers' bitter harvestFonterra wants Ski to milk dairy shareTransport Automotive
Delta Air Lines reports 3rd-Qtr lossTurning pointsOn swings and hybrid powered merry-go-roundsCrisis engulfs office towers

Leasing activity has fallen and the vacancy rate is starting to rise as the global turmoil sweeps through Australia's office towers. Read more
Danger on the demand side

The extraordinary initiatives of the past week have changed the housing trajectory, writes Robert Harley. The hard question is in what direction.
Populist and proper

At first glance, the PM appears to have taken a deep dive into populism with his proposal to cap bank executives' salaries, writes Andrew Cornell.
Opes Prime wound up

Collapsed stockbroker Opes Prime was yesterday put into liquidation, against the wishes of hundreds of angry investors. Read more
China alone cannot save sector

Commodities, like equities, could enjoy a relief rally as aggressive moves by governments ease fears of systemic financial collapse, writes Stephen Wyatt.
Australia on course for 2010

Australia moved top of Group One after a 4-0 rout of Qatar in Asian qualifying for football's World Cup. Read more
AFR Market Wrap



Out of puff
Markets: Back in the red

Currencies: $A loses steam

Commodities: Oil below $US80
Mumford: Economies resilient
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Gresham and Goldman join forces again, Suncorp's outlook dims PLUS Readymix, Santos and Straits. Read more



Chanticleer

Reality check
Andrew Scott thought the cost a little expensive. The banks thought otherwise. The rest is history. Read more

Book for Chanticleer Lunch November 5, Sydney ™
AFR TV
September Quarter Round Table. What's ahead for shares and the economy. Click here to watch.
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Stockland's MD, Matthew Quinn, talks to Narelle Hooper editor of BOSS magazine about his role and the current financial crisis.
The power to persuade; to influence; to coerce; to help. Who are the powerful in Australia?
The BRW Young Rich list profiles the wealthiest Australians aged 40 and under.
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