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Macquarie Group plans to cut 10 per cent of its investment banking jobs and fears its full year profit will plunge as difficult trading conditions take their toll. Australia's largest investment ba..
Australian shares closed weaker after the central bank unexpectedly kept interest rates on hold and the National Australia Bank and Macquarie Group posted results that disappointed the market. The ..
Cochlear has reported its first loss since listing in 1995 following the mass recall of one of its key bionic ear devices. The hearing implant maker on Tuesday reported a $20 million net loss for t..
The Reserve Bank of Australia (RBA) has keep its cash rate at 4.25 per cent following its February board meeting. The decision surprised the market, as 13 of the 14 economists surveyed by AAP had s..
National Australia Bank is on track for another record cash profit, but the bank says higher funding costs have begun to hit its revenue. Demand for loans remains weak in Australia, the lender said..
Macquarie Group has flagged job cuts of around 10 per cent at its investment banking arm as it foreshadows a significant decline in full year profit. The company said its Macquarie Securities unit ..
Toll road operator Transurban expects a strong performance in the second half of the financial year as it continues major construction projects in Australia and United States and finalises contracts o..
Leighton Holdings subsidiary Thiess has won a $1 billion mining contract to extend the life of OZ Minerals' Prominent Hill copper and gold mine. The new contract means the mining services company w..
Stocks to watch on the Australian stock exchange early on Tuesday: DOW - DOWNER EDI LTD - up 25 cents at $3.79 AMP - up five cents at $4.27 The major private partner in the troubled Reliance ..
Stock indexes are closing slightly lower as talks drag on between Greek political leaders over a fresh austerity package required for the country to get more bailout loans. President Nicolas Sarkoz..
