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The Australian share market has climbed to its highest closing level since July 2011 as investors took heart from stronger US markets and fresh hopes that debt-ridden Spain will ask for some sort of f..
Shares in housing developer Stockland have fallen by almost four per cent after it said the property slump could cause full year earnings to fall by up to 15 per cent. Managing director Matthew Qui..
Blood products and vaccines supplier CSL Ltd will undertake another $900 million share buyback and still expects its profit to grow by about 12 per cent in fiscal 2103. The buyback is a continuatio..
Australia's economy is growing at a slower-than-normal pace, but is expected to pick up over the next six to nine months. The Westpac-Melbourne Institute Leading Index, released on Wednesday and wh..
Wagering and keno operator Tabcorp has lifted its overall revenue in the first quarter of the financial year by 2.9 per cent despite a fall in revenue from wagering, which is the company's biggest bus..
Ten Network is in danger of having to conduct its second capital raising in less than six months, after the $145 million sale of its outdoor advertising business hit a hurdle. Ten on Wednesday anno..
Rupert Murdoch has survived a second shareholder push to oust him as News Corp's chairman, with the media mogul painting a rosy picture of the company's recent achievements and future under his guidan..
Citigroup has shocked Wall Street with news of the immediate resignation of chief executive Vikram Pandit and his top aide a day after the No.3 US bank posted quarterly earnings. Citi's board on Tu..
US markets registered their best gains so far this month on good earnings reports from Mattel, Coca-Cola and Johnson & Johnson, as Citigroup rose 1.6 per cent after the shock resignation of its CE..
Fortescue Metals Group expects the iron ore price to stabilise at about $US120 per tonne as stimulus in China generates increased demand for steel. The iron ore miner said its average cost includin..
