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The Australian market has closed around half a per cent lower, dragged down by weakness among the banks and industrial stocks. CMC Markets trader Ben Taylor said the local market finished in negati..
Hot and dry conditions have burned agribusiness Ruralco's earnings, sparking a half-year loss only a year after it yielded a $10 million profit. Managing director John Maher said warmer weather had..
Drilling services company Boart Longyear says its earnings will fall in 2013 because mining companies are scaling back on exploration. "The downturn in capital and exploration spending in the minin..
The central bank has given no clues whether more reductions are on the cards after low inflation allowed it to cut the cash rate to a record low at its May board meeting. The Reserve Bank of Austra..
The outlook for Australia's major trading partners is good, with economic growth for most expected to pick up in 2014, the Reserve Bank of Australia says. The minutes of the RBA's May board meeting..
The number of New Zealanders heading for a better life across the Tasman slowed to its lowest monthly pace in almost three years, as local economic prospects start overshadowing Australia's. Season..
Yahoo is buying online blogging forum Tumblr for $US1.1 billion ($A1.13 billion) as chief executive Marissa Mayer tries to rejuvenate an internet icon that has fallen behind the times. The deal, an..
Incoming Seven West Media boss Tim Worner has pledged to focus on producing quality content while cutting costs.Mr Worner will from July 1 replace Don Voelte as chief executive of the diversified medi..
US stocks have slipped despite a flurry of merger and acquisition news this week. Investors are also looking ahead to Federal Reserve Chairman Ben Bernanke's testimony to Congress this week. Yah..
Shares in Santos closed 1.6 per cent higher after the company said oil production started ahead of schedule at its $490 million Fletcher Finucane project off the West Australian coast. Santos expec..
Two-thirds of consumers are feeling worse off because of the federal budget, with many planning to cut their spending despite the latest interest rate cut. A 0.5 percentage point increase in the Me..
More than $150 million has been wiped from the value of mining engineer Transfield Services as cost cutting in the mining sector sent its shares to a record low.The company has slashed its profit fore..
