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Cashed-up thermal coal miner New Hope Corporation has invited formal takeover bids after receiving several preliminary offers, with one analyst tipping Xstrata as a potential suitor.New Hope on Wednes..
The Australian share market closed 0.6 per cent lower, with investors starting to hope that the central bank would cut interest rates for the first time in a year next month.The local bourse opened al..
The central bank has decided to keep the cash rate unchanged this month and has opened the door for possible future cuts.The decision was expected, with all 15 economists surveyed last week by AAP pre..
Horizon Roads' $2.17 billion take-over of toll road owner ConnectEast will proceed after the deal received legal approval. The Supreme Court of Victoria on Tuesday provided advice that ConnectEast ..
Australia's trade surplus widened in August, the Australian Bureau of Statistics (ABS) said. The balance on goods and services was a surplus of $3.100 billion in August, seasonally adjusted, compar..
Australian residential building approvals rose 11.4 per cent to 13,800 units in August, seasonally adjusted.This compares to an upwardly revised 12,384 units in July.In the year to August, building ap..
Engineering and infrastructure services firm Downer EDI has been awarded a $142 million contract to carry out electrical work on a resource project in Western Australia's Pilbara region. "This win ..
A roundup of trading on major world markets: NEW YORK - Wall Street suffered another slump on Monday as concerns about the economy, contagion from the European debt crisis and rumours of an America..
Stocks to watch on the Australian stock exchange early on Tuesday:ABY - ABITYA BIRLA MINERALS LTD - down 6.5 cents, or 7.47 per cent, at 80.5 centsCopper miner Aditya Birla has been fined by a Queensl..
Sundance Resources chairman George Jones will throw his efforts into saving the troubled Oakajee port development in Western Australia now that the iron ore explorer is set to be taken over by China's..
