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Macquarie Group says its market exposed businesses have experienced mixed trading conditions in recent months, sending its share price lower. But the investment bank still expects to achieve profit..
The sharemarket has closed higher as strong profit growth by ANZ drove gains in the banking sector. After falling in early trade, the market rebounded as investors focused on ANZ's $1.73 billion ca..
Australian business conditions have risen to close to a three-year high, a private survey shows, while business confidence is up for the first time in four months. And, manufacturing conditions rec..
The Australian share market has opened slightly weaker after the lost of manufacturing jobs and mixed earnings reports impacted investor confidence. Australian shares did not follow strong leads fr..
Growth in lending for housing took a hit in December but economists believe the sector will be a major driver for the economy in 2014. The number of home loans approved in December fell 1.9 per cen..
GrainCorp will slash 130 jobs and close its Murarrie plant in Brisbane as it shifts its food manufacturing operations to Victoria. The grains marketer plans to inject $125 million into its edible o..
Shares in hearing implant maker Cochlear have fallen heavily after delays in regulatory approvals for new products contributed to a 73 per cent drop in half year profit. Cochlear made a net profit ..
US stocks have edged higher the day before new Federal Reserve chief Janet Yellen gives her premier testimony to Congress, with attention focused on how she views recent employment weakness. The Do..
A double digit jump in ANZ's first quarter profit has analysts predicting a sixth consecutive year of record earnings for the major banks. ANZ's cash profit in the three months to December 31 grew ..
The resignation of David Jones chairman Peter Mason could keep chief executive Paul Zahra in his job and pave the way for merger negotiations with rival Myer. Mr Mason and fellow director Leigh Cla..
