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Australian shares closed more than one per cent lower as investors were swayed by ongoing negative sentiment. It was the tenth fall in 13 sessions. IG market analyst Stan Shamu said the deterior..
The outgoing boss of the world's largest recyling company will be paid $US50,000 a month to work as a part-time consultant with the company. Daniel Dienst will leave Sims Metal Management on June 3..
A record number of Australian companies went bust in April. Some 941 firms were put under administration, marking the highest monthly tally since records were first made public in 1999. Creditor..
Qantas has sold a major stake in its planned Hong Kong budget airline to a company established by billionaire Stanley Ho.Hong Kong-based transport and hospitality company Shun Tak has bought a 33.3 pe..
Orocobre is the Australian miner that is not really a miner, but if all goes well will be producing 10 per cent of the world's lithium in a year. As the big miners stress about iron ore and coal pr..
New York stock exchange-listed VeriFone Systems has spent $NZ70 million ($A59.13 million) to snap up ANZ New Zealand Bank's eftpos terminal leasing unit as part of a bigger push into the local market...
US stocks have shed more than 1.0 per cent following a global rout as weaker-than-expected data on private jobs creation underscored weakness in the US economy. The Dow Jones Industrial Average dro..
Latvia has won a resounding vote of approval from the EU executive to become the 18th eurozone state, although many ordinary Latvians seem fearful of ditching their currency. Commending Riga for su..
Fairfax Media has warned of further revenue falls and promised deeper cost savings as it revealed it will launch metered paywalls on its major metropolitan news websites within a month.Fairfax will in..
