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This business topic index page has the latest Market Wrap business news stories from Fairfax Media newspapers and online sources.

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Stock market calmed in December

Some calm returned to the Australian stock market in December.

Japan's video game market shrank last year: report

Japan's video game market shrank for the first time in four years in 2008 in the absence of new console launches, a report said Tuesday.

Biotech proves defensive against tough 2008 market

Sharp gains in shares of biotechnology heavyweights mitigated the wider sector's decline in 2008. Biotech stocks proved to be one of the safest investments this year, as strong drug sales and the potential for large buyout deals defended the sector from broader market collapse.

Market closes higher, led by resources

The Australian stock market closed higher, lifted by resources, despite concerns that Israel's attack on Gaza might disrupt oil production.

US housing market feels more pain

The US housing market, the epicentre of the global financial crisis, saw further declines last month, according to data suggesting the worst may not be over.

Housing market feels more pain, bottom not yet in sight

The US housing market, the epicenter of the global financial crisis, saw further declines last month, according to fresh data Tuesday suggesting the worst may not be over for the economy.

Market uncertain of $US13.4b auto rescue

Wall Street ended mixed on Friday as the market remained uncertain that a $US13.4 billion US government rescue would make a difference for the auto industry.

Banks, resources drag on market

Stocks end lower as financials and resources drag market down.

Market saves best to last: 71% clearance ends stagnant year

Melbourne's auction market finished a challenging year on a higher-than-expected note yesterday with 71 per cent of offered homes selling.

Four to five hurt in Moscow market blast: news agencies

At least four people were injured in a mid-afternoon explosion on Saturday in a market in the south of the Russian capital Moscow, three Russian news agencies reported.