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Leighton has been taken off negative credit watch following the internal board turmoil in March that prompted ratings agency action.Standard & Poor's affirmed the construction giant's BBB-/A-3 credit ..
Australian shares closed lower as cautious investors sold resources stocks ahead of the release of key economic data in the US and China.Options Xpress market analyst Ben LeBrun said only some defensi..
BHP Billiton's new boss says the world will not run out of resources despite the mass consumption of a rapidly growing and industrialising planet.In fact, BHP's own projects could supply the world for..
A bank boss has jokingly suggested the Reserve Bank may align its next interest rate cut with the election campaign.Bank of Queensland chief executive Stuart Grimshaw was asked why he thought the cent..
Apparently Australia went through a short, but very nasty recession in 2000, while Peter Costello was Treasurer. At least it did by the yardstick that's currently being used to claim Western Austra..
Rare earths miner Lynas is cutting costs in response to further falls in the price of its commodities. The company recently began production at its refinery in Malaysia but, on Friday, said the pla..
Australia's construction sector has now spent three full years in decline, and there are few signs the beleaguered industry's fortunes will change any time soon. The Australian Industry Group/Housi..
Newcrest Mining will slash around 100 jobs and close its Brisbane office due to a recent gold price rout.Over the past 24 hours more than $780 million has been wiped off the value of Newcrest's shares..
US stocks have swung erratically as the US dollar sank and bond prices rose, but finished higher a day ahead of the government's release of US employment data for May. At the closing bell on Thursd..
New BHP Billiton boss Andrew Mackenzie is confident China's new leadership is re-balancing the economy in such a way that demand for commodities will be sustained in the long term.Mr Mackenzie on Thur..
