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Australian shares closed half a per cent higher, buoyed by the big banks and a major restructure by Boral, one of the nation's biggest manufacturers. At the close on Wednesday, the benchmark S&..
Namoi Cotton shares have soared 25 per cent after it agreed to partner with global commodities company Louis Dreyfus in a deal worth more $34 million. Under the proposal, Namoi will operate its cot..
Rising iron ore prices could be behind Fortescue Metals Group's decision to step back from a deal to invest in a small unconventional gas exploration company. Iron ore producer Fortescue on Tuesday..
The owners of Australia's dominant supermarket chains are fighting for supremacy among the world's largest retailers after Wesfarmers joined rival Woolworths in the world's top 20. Coles owner Wesf..
Australian shares are up with banking and other high-yielding stocks driving the market higher.At 1220 AEDT on Wednesday, the benchmark S&P/ASX200 index was up 18.8 points, or 0.4 per cent, at 4,735.4..
US stocks have closed mixed after the government reported better-than-expected retail sales in December. The Dow Jones Industrial Average gained 27.57 points (0.20 per cent) to 13,534.89 on Tuesday..
Hundreds of workers at Boral face an uncertain future after the building products maker announced it would cut 700 staff from its Australian operations. The announcement comes on the same day that ..
