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Australian shares finished almost one per cent lower due to widespread concerns about global growth. At the close on Friday, the benchmark S&P/ASX200 index was down 39.4 points, or 0.96 per cen..
The Australian dollar is more than one US cent lower, following weak global data followed by little economic news. At 1700 AEST on Friday, the local currency was trading at 100.26 US cents, down fr..
Westpac Bank has made contingency plans in case wholesale funding markets dry up due to global jitters. The health of 15 of the world's largest financial institutions have again been called into qu..
BHP Billiton will spend $US845 million ($A832.47 million) to open a new mining area at its Illawarra Coal business to sustain production, ensuring continued employment for 500 workers and a further 30..
Moody's has lowered the credit ratings of 15 major banks. The downgrades announced on Thursday included Bank of America, JPMorgan Chase and Goldman Sachs in the US and Barclays, Deutsche Bank and H..
Fortescue Metals Group says it can beat the federal government's mining tax in a legal challenge that will thrash out the century-old states versus Commonwealth rights debate. Fortescue has launche..
US stocks have slid sharply, with the Dow Jones Industrial Average sinking two per cent, as disappointing economic data from China and Europe followed the Federal Reserve's slashing its growth forecas..
Engineering firm Downer EDI has won a $73 million contract to build locomotives for iron ore miner Fortescue Metals Group. Downer will build 19 locomotives, with the first to be completed by August..
Stocks to watch on the Australian stock exchange on Friday, June 22 APN - APN NEWS & MEDIA LTD - down 2.5 cents at 71 cents Struggling regional media publisher APN News & Media is bulkin..
