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Recent rate cuts and household stimulus have helped economy-wide spending rise for the sixth consecutive month in June. The Commonwealth Bank of Australia (CBA) business sales indicator (BSI) for J..
The Australian sharemarket has closed slightly lower as investors took profits on stocks that rose steadily during the week. The benchmark S&P/ASX200 index eased 7.6 points, or 0.18 per cent, t..
ANZ Bank chief executive Mike Smith has called for Australians to embrace a relationship with China that goes beyond trade, saying that after the mining boom the Chinese economy will grow for many dec..
Australia's biggest independently owned chocolate-maker Darrell Lea could fall into foreign hands, with four international and local players emerging as frontrunners to buy the troubled confectioner. ..
The Australian dollar has maintained its six-week high against the greenback with the release of domestic terms of trade data doing little to halt momentum. At 1200 AEST on Friday, the Australian d..
APA Group is expected to make a fresh bid for energy infrastructure investor Hastings Diversified Utilities Fund (HDF), despite the takeover target rejecting its advances. HDF's responsible entity,..
Broadcaster Ten Network Holdings has agreed to sell its outdoor advertising business, Eye Corp, to Outdoor Media Operations (OMO) for up to $145 million. OMO owns oOh!media, an Australian outdoor a..
Google has reported a surge in quarterly profit to $US2.79 billion ($A2.69 billion) on the back of rising online advertising revenue, beating Wall Street expectations. The California-based online s..
Microsoft has posted its first ever loss, shedding $US492 million ($A476.26 million) in the fourth quarter due to a massive $US6.2 billion ($A6.00 billion) write-down to reflect the slump in value of ..
US stocks have notched gains for a third straight day as investors looked past disappointing economic data to a batch of positive corporate earnings reports. The Dow Jones Industrial Average on Thu..
