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Financially beleaguered BlueScope Steel has embarked on a deeply discounted $600 million capital raising to tackle debt and try and turn around its fortunes. Australia's largest steelmaker will use..
Australian shares closed weaker for the second day in a row but were relatively better performers than US and European bourses, which sold off on renewed sovereign debt concerns. At the close on Tu..
Origin Energy has agreed to purchase power generated by a wind farm near Canberra as it seeks to meet its renewable energy targets. The company will be supplied with large scale generation certific..
Shareholders have approved efforts of Challenger Ltd to improve its remuneration policy after a resoundingly negative reaction 12 months ago. Over 90 per cent of shareholder votes at Challenger's a..
Securityholders have backed Centro's restructure but the shopping centre owner still faces another hurdle before it can go ahead with the overhaul. Centro Retail Group (CER) and Centro Properties G..
Shoe retailer RCG Corporation says it's on the path for earnings per share growth this year despite what it describes as the worst trading conditions in three decades. RCG operates The Athlete's Fo..
Thorn Group expects to increase full year profit by more than 20 per cent to $28 million as lower income households rent fridges and washing machines for longer. The company, which owns brands such..
The Australian dollar fell one US cent and was still trading near six week lows on persistent fears surrounding debt crises in Europe and the US. OZForex foreign exchange dealer Carly Pickering sai..
Stocks to watch on the Australian stock exchange on Tuesday: QAN - QANTAS AIRWAYS LTD - down two cents, or 1.2 per cent, at $1.64 Negotiations between Qantas and two unions representing its work..
A roundup of trading on major world markets: NEW YORK - US stock markets tanked Monday on news that Congress probably has failed to reach a deal to cut the country's massive budget deficit and to e..
