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Australian shares have finished higher, driven by strong gains among the big banks. The nation's biggest bank, Commonwealth, surged to a record high as the bank reporting season approaches. IG m..
Clothing group Pacific Brands expects challenging trading conditions to continue, with first half profit likely to be lower than the previous year. Chief executive John Pollaers said trading at the..
Reserve Bank of Australia governor Glenn Stevens didn't get a pay rise in the last financial year - he was stuck on the same million-dollar salary. Mr Stevens' remuneration totalled $1.025 million ..
Low interest rates around the world are hurting the Reserve Bank of Australia's bottom line and are stopping it from restoring its reserve fund quickly.The Reserve Bank Reserve Fund (RBRF) stood at $2..
Newcrest Mining boss Greg Robinson has admitted the company got a lot wrong following its much-maligned $9.5 billion 2010 acquisition of Lihir Gold.The Papua New Guinea-based gold project and its oper..
Drug distributor and health and beauty products retailer Australian Pharmaceutical Industries (API) says consumer confidence is improving, but the company is facing intense competition. API supplie..
Australian shares are firmer as stronger demand for banking stocks offsets losses across the resources sector. Investors are continuing to expect the big banks to report strong profit results in co..
Retail giant Coles sold almost $7 billion worth of goods in the September quarter and its parent company says all signs are pointing to a strong Christmas sales period.According to figures released by..
US stocks have ended lower, a decline that analysts attribute to a mix of profit-taking and a couple of prominent earnings disappointments. The Dow Jones Industrial Average on Wednesday dropped 54...
