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Westpac says borrowers could face undersized interest rate cuts as credit for banks becomes more expensive because of rising wholesale funding costs. Westpac chief executive Gail Kelly on Wednesday..
Australian shares clawed back lost ground to end flat after the largest monthly fall in consumer confidence since 2008 dragged down markets. The Westpac/Melbourne Institute Index of Consumer Sentim..
One third of Fletcher Jones stores will close and 61 staff will lose their jobs as its administrator cuts costs in an attempt to sell the business. Administrator Cor Cordis said 15 of Fletcher Jone..
Shareholders of Tatura Milk Industries have approved a merger with Bega Cheese. Under the scheme approved on Wednesday, Tatura Milk redeemable preference shareholders will receive two Bega Cheese s..
The Australian economy will inevitably suffer spillover effects from the European government debt crisis, Reserve Bank of Australia Deputy Governor (RBA) Ric Battellino says. However, Mr Battellino..
Self-managed super fund trustees are set to benefit from the government's pledge to allow retail investors to trade government bonds on the Australian Securities Exchange. Federal Treasurer Wayne S..
Consumer confidence has fallen to its lowest level since August, despite two consecutive interest rate cuts by the central bank, a private survey has found. The Westpac/Melbourne Institute Index of..
Gas pipeline owner APA Group has made a $1.8 billion takeover offer for Hastings Diversified Utilities Fund (HDF), an investment fund with gas pipeline assets. APA Group already owns 20.7 per cent ..
Former AXA Asia Pacific chief executive Andrew Penn has been appointed chief financial officer at Telstra. Mr Penn replaces outgoing Telstra CFO John Stanhope, who leaves the telco at the end of De..
Stocks to watch on the Australian stock exchange on Wednesday: WBC - WESTPAC BANKING CORPORATION - down 46 cents to $20.83 Westpac will hold its annual general meeting in Sydney on Wednesday. ..
A roundup of trading on major world markets: NEW YORK - US stocks edged higher Tuesday after the previous day's big declines. Strong participation from buyers at a bond sale backing Europe's bailou..
