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The sharemarket has fallen due to a worse than expected fall in business investment in the December quarter. Trading was also marked by a sharp fall in the value of Qantas shares, after the airline..
Qantas chief executive Alan Joyce says he's the right man for the job of overseeing the tough measures needed to return the airline to profit. He said their plan to axe 5,000 jobs, defer buying or ..
Wealth manager Perpetual has lifted its half year profit due to improved equity markets and lower costs as a result of a restructure. Perpetual made a $33 million net profit in the six months to De..
Optus chief Kevin Russell will step down at the end of March, just over two years after taking the post. Paul O'Sullivan, currently group consumer chief executive at Optus' parent company Singapore..
Australia's mining investment boom is well and truly over, but other parts of the economy aren't quite ready to pick up the slack. Total new capital expenditure (capex) was down 5.2 per cent in the..
Maintenance and project management firm Transfield Services says activity levels in Australia and New Zealand remain subdued leading into the second half of the financial year. But there may be sig..
The Australian dollar has fallen more than a third of a US cent after the release of worse-than-expected business investment figures for the December quarter. The Australian dollar was trading at 8..
Business investment in Australia had an unexpectedly large fall in the last three months of 2013, led by a big drop in mining related investment. Capital expenditure (capex) was down 5.2 per cent i..
Billionaire Kerry Stokes' cashed-up Seven Group has shrugged off a forecast 30-40 per cent fall in full year profit, declaring it is chasing growth and takeovers. The media, industrial services and..
Nine Entertainment boss David Gyngell says his television network will build its business with a focus on local content, as the recently relisted company showed it is on track to beat its earnings for..
US stocks have finished with modest gains as investors look ahead to Thursday's congressional testimony by Federal Reserve Chair Janet Yellen. The Dow Jones Industrial Average advanced 18.75 points..
