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Obama calls for massive stimulus, names economic team
08:55:57, 25 November 2008, Radio Australia News
America's President-elect, Barack Obama says a big stimulus package is needed to save the country's economy.
CNMI in depression: commerce chief
08:55:57, 25 November 2008, Radio Australia News
The head of the Saipan Chamber of Commerce has backed a new report, which says the Northern Mariana Islands is in depression, and that the situation is forcing thousands of people to leave the islands, and those left behind are struggling to survive.
Watchdog cautions Pacific countries against EU deals
08:55:56, 25 November 2008, Radio Australia News
A Pacific non-government trade watchdog has warned Pacific Island countries not to jump into individual trade deals with the European Union.
New banking initiative may increase Solomons interest rates
08:55:55, 25 November 2008, Radio Australia News
The chief of Solomon Islands Central Bank says a new policy, requiring greater deposits by commercial banks with the central bank, will effect interest rates.
New employment policy worries Vanuatu's business sector
08:55:55, 25 November 2008, Radio Australia News
Businesses in Vanuatu have expressed concern about new legislation which requires them to pay a sacked worker the equivalent of two months pay for each year they have worked.
Cash flow crisis for bank-less Nauru
14:30:23, 24 November 2008, Radio Australia News
Nauru's finance minister says the refusal of Australia's biggest banks to consider setting up banking services in Nauru is causing major cash problems for government, businesses and individuals in the Pacific nation.
Tonga welcomes cost reductions for remittances
11:31:07, 24 November 2008, Radio Australia News
The head of a Tongan advocacy group in New Zealand has welcomed an announcement by Western Union to reduce the cost of transferring money home to Tonga.
China seeks closer ties with Latin America
08:16:26, 21 November 2008, Radio Australia News
Chinese president, Hu Jintao, is calling for a new era of cooperation with South America, saying the world's biggest developing country and the large developing region are a natural fit.
Fiji's sugar growers demand more funding
08:16:25, 21 November 2008, Radio Australia News
Stakeholders in Fiji's sugar industry say a lot needs to be done to revive it and they are hoping they will not be ignored by the interim government, when the 2009 budget is announced today.
Australia's economy weathering financial storm: central bank
14:14:33, 20 November 2008, Radio Australia News
Australia's Reserve Bank governor, Glenn Stevens, has told a business gathering in Melbourne that Australians should be quietly confident they can make it through the global financial downturn.
Japan's PM looks to continued Australian cooperation
22:20:40, 19 November 2008, Radio Australia News
Japan's prime minister, Taro Aso, says he hopes to continue working with Australia to counter the world financial crisis.
Australian stock exchange closes lower
18:05:59, 19 November 2008, Radio Australia News
The Australian sharemarket has finished the day lower, after the lifting of a ban on short selling of non-financial stocks.
Woodside expressed interest in PNG LNG project
16:37:54, 19 November 2008, Radio Australia News
Woodside Petroleum, Australia's largest publicly-listed oil and gas exploration and production company, has expressed interest in Papua New Guinea's liquefied natural gas project.
US treasury head defends changes to bailout plan
14:14:40, 19 November 2008, Radio Australia News
The US Treasury Secretary Henry Paulson has been grilled by Congress about his handling of a $US700 billion financial rescue package.
Tight security in place for APEC summit
14:14:40, 19 November 2008, Radio Australia News
Top officials from Asia and the Pacific are arriving in Peru's capital Lima under tight security with 800 police in three rings of security around the airport.
UK bank executives forgo bonuses
09:27:45, 19 November 2008, Radio Australia News
Britain's second largest bank, Barclays, has announced that none of its executive directors will accept bonuses this year.
Australia seeks greater economic ties with French Pacific
09:27:44, 19 November 2008, Radio Australia News
The move towards greater autonomy by France's Pacific island territories could open the way to a free trade agreement for Australia.
Citigroup to slash 50,000 jobs
23:11:33, 18 November 2008, Radio Australia News
Financial troubles are continuing to have a negative impact on the American economy with one of the country's biggest banks sacking 50,000 people.
Macquarie earnings hit by financial crisis
14:15:02, 18 November 2008, Radio Australia News
The Australian investment bank, Macquarie Group, says its half year earnings have been affected by the global financial crisis.
Solomons retailers shut down petrol stations
09:13:06, 18 November 2008, Radio Australia News
Motorists were left stunned in the Solomon Islands' capital yesterday after petrol retailers closed their doors in protest against their fuel profit margins.
Vanuatu's export, import prices rise
09:13:06, 18 November 2008, Radio Australia News
A study in Vanuatu shows the country's port charges are the highest in the Pacific.
Japan in recession
22:53:04, 17 November 2008, Radio Australia News
Asian governments are scrambling to stave off recession as Japan, the world's second largest economy and Australia's top export destination, officially slides into negative growth.
Australia, China seek quicker FTA resolution
18:21:35, 17 November 2008, Radio Australia News
The Australian prime minister, Kevin Rudd, says he and China's president, Hu Jintao, have agreed to accelerate the approval of the Australia-China free trade agreement.
EU countries work to save Iceland
14:21:19, 17 November 2008, Radio Australia News
Efforts by Iceland to revive its economy have lead to an agreement with several European Union states on how to repay thousands of foreign savers with money in frozen Icelandic bank accounts.
Australian PM meets with US reserve chief
09:53:59, 17 November 2008, Radio Australia News
The Australian prime minister, Kevin Rudd, has ended his trip to Washington for the G20 summit with a meeting with the chairman of the US Federal Reserve.
![A North Korean soldier (L) and a South Korean soldier stand guard across their heavily-armed border. [AFP]](http://www.radioaustralia.net.au/img/news/gallery/nkorea_skorea_border_afp_08.jpg "A North Korean soldier (L) and a South Korean soldier stand guard across their heavily-armed border. [AFP]")
![Heads of state at the APEC summit in Lima pose for a photograph in typical Peruvian ponchos. [Reuters]](http://www.radioaustralia.net.au/img/news/gallery/apec_rtr_231108.jpg "Heads of state at the APEC summit in Lima pose for a photograph in typical Peruvian ponchos. [Reuters]")
![US President George Bush, pictured here with Indonesian President Susilo Bambang Yudhoyono, is hosting the G20 leaders in Washington with the global financial crisis top of the agenda. [Reuters]](http://www.radioaustralia.net.au/img/news/gallery/indo_susilobush_rtr_151108.jpg "US President George Bush, pictured here with Indonesian President Susilo Bambang Yudhoyono, is hosting the G20 leaders in Washington with the global financial crisis top of the agenda. [Reuters]")
![War veterans gather at the Cenotaph in central London for Remembrance Day. [Reuters]](http://www.radioaustralia.net.au/img/news/gallery/remembrance_rtr_111108.jpg "War veterans gather at the Cenotaph in central London for Remembrance Day. [Reuters]")
![The Malaysia High Court has ruled that the home minister had acted outside his powers charging Raja Petra Kamaruddin under the ISA. [AFP]](http://www.radioaustralia.net.au/img/news/gallery/malay_kamaruddin_afp_1008.jpg "The Malaysia High Court has ruled that the home minister had acted outside his powers charging Raja Petra Kamaruddin under the ISA. [AFP]")
![President Ma (R) has hosted China envoy Chen Yunlin (L) in Taipei, a Taiwanese leader's highest level face-to-face meeting since 1949. [AFP]](http://www.radioaustralia.net.au/img/news/gallery/taiwan_ma_chen_afp_1108.jpg "President Ma (R) has hosted China envoy Chen Yunlin (L) in Taipei, a Taiwanese leader's highest level face-to-face meeting since 1949. [AFP]")
