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Australian stocks closed lower, dragged down by a weaker resources sector, amid renewed concerns about the future of the euro zone. At the close on Tuesday, the benchmark S&P/ASX200 index was d..
Pacific Brands says there will be no takeover offer for the clothing maker, after discussions with potential suitors failed to reach a deal. The company's announcement on Tuesday that talks with pr..
The Reserve Bank of Australia (RBA) decided on a hefty cash rate cut in May partially because the big lenders had independently jacked up their rates. After its May 1 board meeting, the RBA cut the..
Facebook plans to raise the price of the shares it offers to the public on Friday as high as $US38 ($A38.28), giving the company a valuation in excess of $US100 billion, Bloomberg News reported. Fa..
Industry veteran Richard Cottee has taken up the reins as chief executive at conflict-ridden Central Petroleum, saying it's the company's massive exploration acreage that appeals to him. Mr Cottee ..
Australian bond future prices have risen to their highest level ever amid fears Greece's political crisis could see it exit the euro zone. At 0830 AEST on Tuesday, the 10-year bond futures contract..
Westpac has cut its interest rates on its short term fixed rate home loans by up to 20 basis points. The bank said the rate on its three-year fixed rate loan would drop from 6.39 per cent to 6.19 p..
Stocks to watch on the Australian stock exchange on Tuesday May 15 BHP - BHP BILLITON LTD - up nine cents at $34.46 BHP Billiton's petroleum boss has defended the company's $20 billion foray int..
A roundup of trading on major world markets: NEW YORK - US stocks have closed firmly in the red as Greece's political stalemate and Spain's banking problems drove new fears about the strength of th..
