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Iron ore miner Fortescue Metals Group has merged some of its lower grade assets with Chinese state-owned steel giant Baosteel. The company's shares shot up on news of the deal with one of the world..
Australian stocks closed lower with investors' caution about the weekend's Greek elections overriding positive offshore leads. At the close of trade on Wednesday, the benchmark S&P/ASX200 index..
Billionaire Nathan Tinkler's skills as a dealmaker are expected to be tested after he launched a takeover of Whitehaven Coal. Whitehaven confirmed the approach from the 36-year-old, which it said i..
The mining boom is not to blame for Australia's multi-speed economy, Reserve Bank of Australia Governor Glenn Stevens says. Speaking at the federal government's economic forum in Brisbane, Mr Steve..
Investment firm Macquarie Group has bought a five per cent stake in casinos operator Echo Entertainment Group. Echo said in a statement to the Australian Securities Exchange on Wednesday that Macqu..
Jobs website Seek has abandoned plans to raise $125 million to repay debt and fund investment. The company was going to issue subordinated notes through an offer to eligible shareholders, as well a..
Australians refuse to believe the economy is travelling well, despite successive rate cuts and upbeat commentary from the central bank, a private study has found. The Westpac/Melbourne Institute Co..
The US trimmed its budget deficit by $US83 billion ($A84.49 billion) in the first eight months of fiscal 2012, the Treasury has reported, as income increased while spending was basically flat. The ..
A roundup of trading on major world markets: NEW YORK - US stocks have bounced back, reversing the previous day's losses while shrugging off the spectre of more turmoil in Europe. Commodities an..
Ratings agency Fitch has downgraded 18 more Spanish banks, a day after cutting its ratings for the country's two biggest banks, Santander and BBVA - and despite a massive sector bailout. Among the ..
