The Australian sharemarket opened sharply lower as renewed hostilities in the Middle East rattled investors, before recovering most of its losses by the close. Energy stocks surged on a jump in oil prices, while Telstra slid after a network outage sent its shares to their lowest level since February. SBS Finance Editor Ricardo Gonçalves speaks…
During his chairmanship, Greenspan was celebrated as possibly the best central banker in history. But later, his reputation was tarnished by the worst financial crisis since the Great Depression.