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Australian shares closed slightly higher, driven by gains in the telecommunications and financial sectors. At the close on Monday, the benchmark S&P/ASX200 index was up 11.9 points, or 0.28 per..
The once-mighty Aussie dollar is losing purchasing power as it slips below its US counterpart but TVs and electrical gadgets are likely to stay dirt cheap - for a while at least. Overseas holidays ..
Paint maker DuluxGroup says its takeover bid for garage door and construction products supplier Alesco is not a "must do" deal. However, DuluxGroup chief executive Patrick Houlihan says the bid is ..
A rise in new home loans in March is a sign the housing sector is stabilising, and recent official interest rate cuts could give it a boost, economists say. The number of home loans approved in Mar..
National Australia Bank will raise up to $500 million by issuing subordinated notes to investors. The issue of the unsecured, subordinated debt obligations has the ability to raise more or less tha..
Africa-focused uranium miner Paladin Energy says production at its mine in Malawi has been stalled after local workers walked off the job. Paladin's annual production will be impacted by the stoppa..
Lend Lease and a Leighton Holdings subsidiary have been awarded work on Victoria's regional rail link. Lend Lease's Abigroup business was awarded a contract worth about $750 million for work on the..
Explosives and fertiliser producer Incitec Pivot's first half profit has dropped by 13 per cent due to significantly lower earnings from fertilisers. The company's net profit for the six months to ..
National Australia Bank (NAB) chief executive Cameron Clyne says he expects the central bank to deliver more interest rate cuts. "We're likely to see another 50 basis points of cuts over the course..
US stocks took a beating this week, only to face more turbulence from Europe as Greece grapples with rising political uncertainty that could cost the country's crucial EU-IMF bailout. Investors are..
