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The Australian market closed lower as the big miners fell on lower commodity prices and downgrades of Chinese growth forecasts.The falls went against the flow after US, European and Asian markets post..
Building products supplier CSR has recorded a full-year statutory net loss of $146.9 million, including the write-down of its Viridian glass business.CSR's trading revenue for the year to March droppe..
Dexus Property Group has sold five of its six remaining European industrial properties for a total of 16.5 million euros ($A21.72 million).Dexus, which specialises in owning, managing and developing o..
Engineering firm UGL has blamed a slowdown in resources and infrastructure investment for a big downgrade in its profit guidance.The company also says a demerger of its property services business DTZ ..
France has entered a recession as its first quarter gross domestic product fell 0.2 per cent, after a similar contraction in the last quarter of 2012, the official INSEE statistics office said.A reces..
Building products group CSR has put on a brave face after posting a $147 million loss, saying it believes Australia's housing market is recovering.Chief executive Rob Sindel pointed to two sets of str..
Commonwealth Bank of Australia has lifted its third quarter profit by 12 per cent to $1.9 billion.Australia's largest home lender said market conditions remained subdued during the three months to Mar..
BHP Billiton's new chief executive Andrew Mackenzie has outlined plans to slash capital spending by almost a fifth.In his first major address as head of the world's biggest resources company, Mr Macke..
Former prime minister John Howard says the federal budget was more about politically disadvantaging the opposition than the future of the economy.Mr Howard has told a business breakfast in Brisbane th..
US stocks have surged to new all-time closing highs on renewed optimism after a prominent hedge fund manager said the stock rally of 2013 still has more room to go. The Dow Jones Industrial Average..
