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Australian shares closed four per cent lower as fears of a new global economic crisis gripped the local market.The fall wiped almost $60 billion from the value of Australian stocks on Friday, and took..
Australian construction activity stayed in the doldrums in July, largely due to weak levels of new work and poor consumer confidence, a report says. It was the construction industry's 14th consecut..
The latest official statement on monetary policy shows the central bank is worried about rising inflation but alert to increasing dangers from the global economy. The bottom line from the quarterly..
Shares in ResMed Inc have remained relatively steady during Friday's market slump, after the sleep disorder company posted a 19.4 pct annual profit rise. ResMed Inc has increased full year net prof..
Westfield Group says its half year distribution will be 24.20 cents per security. The distribution represented 50 per cent of the forecast distribution of 48.40 cents per security for the year endi..
The head of the European Commission on Thursday urged eurozone leaders to re-think their currency's financial defences, admitting debt contagion has now spread beyond the euro periphery.As the Europea..
Stocks to watch on the Australian stock exchange on Friday:ACL - ALCHEMIA LTD - up 2.5 cents at 63.5 centsDrug developer Alchemia's generic blood-thinning drug has been launched in the United States b..
The Australian dollar dropped more than two US cents overnight as fears rise over the US economy and the European sovereign debt crisis deepens. US stocks also fell, down more than four per cent an..
You have to hold your nerve when share markets worldwide are being hammered, says Toll Holdings outgoing chief executive Paul Little.The Australian share market on Friday fell four per cent on heighte..
