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The Australian share market has closed lower as investors take profits in the wake of the market hitting its highest level in 14 months. At 1615 AEDT on Wednesday, the benchmark S&P/ASX200 inde..
Nine Entertainment's prospects of avoiding receivership have received a boost after a group of debt holders led by Goldman Sachs agreed to a debt restructuring proposal. The proposal, put forward b..
Fortescue Metals believes iron ore prices will firm in the short term and the company will emerge stronger despite shedding 1000 jobs and shelving its expansion plans. While the company's decision ..
Desperate Gunns contractors say even if they recover hundreds of thousands of dollars owed to them, they have no future in Tasmania's forestry industry. Around 200 creditors have attended a first m..
Some of the public anger directed at Australian banks is justified and the only way to counter this is to treat customers well, Bendigo and Adelaide Bank says. Chief executive Mike Hirst said the h..
Transurban's share of revenue from its portfolio of toll roads rose 2.5 per cent in the September quarter, driven partly by an increase in tolls on some roads. Transurban owns 100 per cent of Melbo..
Australians remain concerned about the national economy, despite a small monthly rise in consumer confidence. The Westpac Melbourne Institute Index of Consumer Sentiment, released on Wednesday, sho..
Oil and gas producer Beach Energy has made another oil discovery which could bring in 440,000 barrels of recoverable oil. The Adelaide-based company said the new field oil discovery was made in Nam..
Stocks to watch on the Australian stock exchange on Wednesday, October 10: ARI - ARRIUM LTD - down 2.25 cents, or 2.78 per cent, at 78.75 cents Arrium has acted to boost its balance sheet agains..
A roundup of trading on major world markets: NEW YORK - US stocks have skidded after the International Monetary Fund (IMF) cut its global economic growth forecasts and investors braced for the star..
