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The Australian share market closed lower for the third straight day, led down by the major miners and banks. Miner Rio Tinto's announcement of massive cuts in which capex will be slashed from $US17..
The Reserve Bank of Australia has kept the cash rate at 2.5 per cent, saying the global and local economic outlook is improving. The decision was expected, with all 14 economists surveyed by AAP la..
The Reserve Bank of Australia kept the cash rate unchanged for a fourth straight month, and another rate cut in the new year is not a certainty. The decision to leave the rate at a record low of 2...
A bigger-than-expected rise in retail sales during October will stop the Reserve Bank of Australia (RBA) from cutting interest rates again, an economist says. Australian retail spending rose half a..
Rio Tinto will cut its capital spending almost in half and shelve projects as it tries to bring down costs and win back the confidence of its shareholders.The company plans to cut its capital expendit..
The Australian stockmarket is flat following a weak lead from Wall Street and ahead of the Reserve Bank's monthly interest rate decision. Rivkin global analyst Tim Radford said the local market was..
Consumers are spending more online but are making smaller purchases, with almost 90 per cent of goods bought over the internet costing less than $100, new figures show. The National Australia Bank'..
Virgin Australia will proceed with its planned $350 million equity raising after the move received the green light from the Takeovers Panel. The airline's equity raising plans will see three foreig..
US stocks have taken a breather from the bull market of 2013, pushing lower as some analysts cited profit-taking and speculation of tighter monetary policy.The Dow Jones Industrial Average fell 77.64 ..
