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Fairfax Media shares hit a record low on Wednesday as the latest falls in consumer spending foreshadowed continuing weak advertising revenues for media companies.Fairfax, publisher of The Sydney Morni..
Retail spending fell 0.1 per cent in June, according to official figures.Retail trade fell in the month, to a seasonally adjusted $20.540 billion, compared to a downwardly revised $20.567 billion in M..
The Australian dollar was one and a half US cents lower on Wednesday, weighed down by changed interest rate expectations and the release of weak economic data in the United States overnight. In a..
Downer EDI Ltd is reviewing its general consultancy practices in Asia, Australia and New Zealand perhaps leading to divesting the businesses. Downer said it was reviewing CPG Asia, CPG Australia an..
Activity in the services sector was falling at a slightly slower rate in July, as the outlook for interest rates and the global economy remains uncertain, a private sector survey shows.An increase in ..
Stocks to watch on the Australian stock exchange on Wednesday:AGG - ANGLOGOLD ASHANTI LTD - closed on Tuesday at $7.58AngloGold Ashanti will this week update its full-year gold production guidance aft..
Rating agency Moody's has upheld its triple-A rating for the US after Congress passed new legislation to raise the debt ceiling that averted a possible default. But Moody's added a "negative outloo..
US stocks wiped out most of their gains for 2011 on Tuesday, plunging as poor economic data overshadowed a congressional deal to raise the country's debt ceiling and avoid a default. It was the eig..
The Australian share market fell to its lowest point in almost a year on Wednesday as investors fretted over the weak US economy.The benchmark S&P/ASX200 index fell 100.8 points, or 2.27 per cent, to ..
