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The Australian sharemarket closed more than one per cent lower as weak GDP figures prompted investors to dump banking stocks. The local market posted its ninth daily fall in 12 trading days, follow..
Shopping centre owner Federation Centres has sold a half share in six of its properties for $602 million.Fund manager Challenger has taken a 50 per cent ownership in the Bankstown, Roselands and Lenno..
Record low interest rates have done little to get consumers spending again and the services sector is feeling the pain.The Australian Industry Group/Commonwealth Bank Australian Performance of Service..
The head of the International Monetary Fund, Christine Lagarde, has warned the global economy may be slowing more than thought just over a month ago.There are "some glimpses of more sombre trends. Rec..
The economy is just not quite making the grade.That's confirmed by the national accounts from the Australian Bureau of Statistics on Wednesday.Australia's output of good and services - its gross domes..
Australia's economic growth was sluggish in the March quarter, and that pace is likely to continue as the peak in mining investment looms.Gross domestic product (GDP) grew by 0.6 per cent in the first..
Sellers have taken over US stock markets as an expanded trade deficit offered a fresh sign of weakness in US growth.Volatility continued to reign: after an early rise the main indices sank to one-per ..
