Australian Stock Market Retreats Marginally On Profit Booking; Bank Stocks Slide (Nasdaq) (RTTNews) - The Australian stock market, after having risen to new peaks in the last two days, is cooling off, and trading in the negative territory, led by banking stocks as the market participants feel that the recent gains in the stocks have outstripped the earnings potential of the banks.
Corporate customers rebel against new BA charges (AFP via Yahoo! News) A coalition of more than 40 global companies and travel management agencies have written to British Airways, threatening to switch to competitors if it went ahead with plans to change its policies on booking business flights, a newspaper has said.