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Australian shares have lost ground as insurance giant QBE's losses weighed on the financial sector. QBE shares fell more than 22 per cent after the company said it expects to post a $250 million lo..
Jobs growth is still sluggish and the unemployment rate is expected to remain a little under six per cent for the coming months. Official labour force figures will be released on Thursday, and the ..
Retailer Metcash is splitting its food and grocery business into two, reversing a 2012 decision to merge the operations. Metcash's supermarket business, which operates IGA supermarkets and the No F..
Four Harvey Norman franchisees have been fined for misleading consumers about exchanges or refunds for damaged or faulty goods. The Federal Court ordered fines totalling $116,000 be paid by the ope..
Shares in Laos-focused copper and gold producer PanAust have slumped after the company said full year earnings will be at the lower end of its target range due to higher costs.While PanAust expects co..
Telecom Corp has sold its Australian AAPT unit for $450 million to ASX-listed internet service provider, TPG Telecom, beating initial expectations of what the unit would go for. The Macquarie-manag..
The Australian share market is slightly lower as investors put aside good US jobs figures and strong Chinese trade data and focus on a shock profit warning from insurer QBE. Shares of QBE plunged a..
Shareholders in global packaging company Amcor have overwhelmingly voted to separate its packaging distribution business into a new company, Orora.Some 99.79 per cent of votes cast were in favour of h..
Insurer QBE insists it can make its disastrous US business a success after taking a near $1 billion hit and watching its shares plunge.The company, Australia's largest insurer by market value, on Mond..
