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Myer is closing stores and reducing floor space as it strives to generate as much as 10 per cent of its sales revenue online. After reporting a five per cent fall in first quarter sales on Wednesda..
The Australian share market closed firmer after a positive US lead but trading volumes were low as investors sat on the sidelines amid ongoing anxiety over eurozone debt. The benchmark S&P/ASX2..
Westfield Group says its shopping centre business is performing well despite a mixed sales performance in the three months to September. But analysts are worried that retail sales could remain subd..
Commonwealth Bank of Australia (CBA) is warning its funding costs could rise as a result of economic uncertainty in Europe. Chairman David Turner gave a bleak assessment of Europe's debt problems a..
Australia's economic growth should have gained a minor boost from third-quarter international trade, which rose by 16 per cent to the largest quarterly trade surplus on record. Trade Minister Craig..
Three years after Iceland's banks collapsed and the country teetered on the brink, its economy is recovering, proof that governments should let failing lenders go bust and protect taxpayers, analysts ..
Newcrest Mining will borrow $US1 billion ($A966 million) in 10- and 30-year bonds to repay existing debt and fund some of the gold miner's major projects. Newcrest is offering $US750 million of sen..
Fairfax Media Ltd will raise $NZ363.4 million ($A280.54 million) in equity from the initial public offer of New Zealand auction and classifieds site Trade Me Group. Fairfax said, in a statement on ..
A summary of trading in key commodities markets overseas: ENERGY Oil prices surged Monday as Greece worked to forge a new government to tackle its debt crisis and traders awaited data on world e..
Stocks to watch on the Australian stock exchange early on Tuesday: ADE - ADELAIDE ENERGY LTD - up six cents at 20 cents BPT - BEACH ENERGY LTD - up 2.5 cents at $1.225 South Australian-based ..
US stocks jumped strongly in the last two hours of trade Monday to finish in the green after a day spent mostly in the loss zone under more clouds from the eurozone crisis. The Dow Jones Industrial..
