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Australian stocks closed lower for a second consecutive day, dragged down by the banks and a surprisingly poor consumer sentiment report. The big four banks were trading positively until the releas..
Iluka Resources says lower prices for its mineral sands will cause a fall in earnings in 2013. But prices have stabilised and demand is increasing, the company's managing director, David Robb, told..
Cement and lime manufacturer Adelaide Brighton expects net profit in 2013 to be flat or slightly below 2012 levels due to the effects of weak demand and the carbon tax. "2013 full-year net profit a..
A mining giant is refusing to hire local workers for its two new central Queensland coal mines, a union claims. BHP Billiton Mitsubishi Alliance (BMA) announced earlier this year that 1000 fly-in, ..
Myer boss Bernie Brookes says he's a fan of the falling Australian dollar as it will have more benefits for the department store than downsides.After spending most of the past two years trading above ..
More Australians were feeling bad about the economy in the week the federal budget was released. The Westpac/Melbourne Institute index of consumer sentiment in May fell below 100 points indicating ..
Nathan Tinkler faces having his assets and those of his wife and family frozen after liquidators applied for a court injunction.Liquidators Ferrier Hodgson, acting on behalf of creditors of the one-ti..
US stocks have closed higher after a strong earnings report from Home Depot and as the market anticipates Wednesday's testimony in Congress by Federal Reserve Chairman Ben Bernanke. The Dow Jones I..
Myer's sales have grown slightly but boss Bernie Brookes still remains cautious about the future of Australian retailers.For the first time since the global financial crisis, Myer posted four consecut..
