$31bn tax cuts won't be 'carpet-bombed'
THE Rudd Government's promised $31 billion in tax cuts will not be "carpet-bombed" onto the Australian economy, says Finance Minister Lindsay Tanner amid fears the move will increase inflation. news.com.au
Groves sells entire stake in ABC
ABC Learning Centres founder Eddy Groves has sold his entire stake in the childcare empire, but said the business is solid despite its financial crisis. news.com.au
Trade data weighs on dollar
THE Australian dollar was firmer at noon but off its morning highs as a surprisingly large trade deficit pulled the currency below $US0.9200. news.com.au
Bank of Canada cuts interest rate, growth outlook
The Bank of Canada slashed its key interest rate by half a percentage point to three per cent on Tuesday, as it warned of softer economic growth this year. cbc.ca