News Australia

STRUGGLING retail and banking sectors dragged the sharemarket into the red yesterday amid persistent concerns about debt problems in the US. A forecast dip in sales for retailer David Jones and fears of a downgrade in the US’s credit rating added to the market’s woes. Yesterday the benchmark S&P/ASX 200 Index was down 24.1 points, [...]

The Retail Traders Association says Western Australia’s retail market remains weak despite recording an increase in turnover in May. The latest Bureau of Statistics figures show turnover rose 0.8 per cent in WA and 0.1 per cent in the Northern Territory. All other states posted a loss. The association’s Wayne Spencer says there have been [...]