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Australian stocks climbed higher on Friday, driven higher by the major miners on the back of strong commodities prices. At the close on Friday, the benchmark S&P/ASX200 index was 28.3 points, o..
Grocery wholesaler Metcash has downgraded earnings guidance as the ongoing supermarket food war forced down prices, resulting in a weaker first half profit. Net profit for the six months to October..
Air fares continue to be under pressure in Australia as Qantas fights for a bigger share of the domestic passenger market. Qantas' domestic operations, including its regional arm QantasLink, carrie..
Hanlong Mining's proposed takeover of Sundance Resources could be completed by Christmas after turmoil on financial markets forced the Sundance board to curb its price and timetable for the transactio..
Australian households could get an early Christmas present in the form of a rate cut by the Reserve Bank of Australia (RBA) - but it will be a close call. An AAP survey of 15 economists shows most ..
Economists say weaker exports andggovernment spending cuts have been slowing economic growth. AAP's survey of 13 economists on Friday revealed a median forecast for the Australian economy to have g..
Australian rare earths miner Lynas Corporation has finally begun production at its Malaysian processing plant following a recent court victory. The company said in a statement that the first feed o..
Medical centre operator Primary Health Care remains on track to lift earnings by up to 25 per cent in the 2012/13 financial year. Managing director Dr Edmund Bateman told shareholders at the compan..
The Australian share market has opened higher. At 1015 AEDT on Friday, the benchmark S&P/ASX200 index was 22.4 points, or 0.5 per cent, stronger at 4,500.1, while the broader All Ordinaries ind..
BHP Billiton chairman Jac Nasser has not guaranteed chief executive Marius Kloppers' job for any length of time as speculation continues about a succession plan. Mr Nasser said on Thursday, while s..
US stocks have closed higher, helped by an expected strong upward revision in the US economic growth estimate for the third quarter. The Dow Jones Industrial Average finished up 38.71 points (0.28 ..
Australian shares closed firmer after encouraging comments by US politicians about avoiding the "fiscal cliff". The benchmark S&P/ASX200 index was up 30.4 points, or 0.68 per cent, at 4,477.7 p..
Public health campaigns on the dangers of excessive drinking were more effective than governments imposing a minimum floor price on alcohol, the chief executive of wine maker and bottler Treasury Wine..
British oil giant BP has been banned temporarily from winning new US government contracts after agreeing to plead guilty to criminal charges in the deadly 2010 Gulf of Mexico oil spill disaster. Th..
Linc Energy has been spared a boardroom spill but admitted it needs to "sharpen its act", after the mandatory two strikes rule against its executive remuneration. Chief executive Peter Bond said th..
Australia's housing sector posted a mild rise in October, with new home sales lifting after three months of falls. The Housing Industry Association (HIA) new home sales report showed a 3.4 per cent..
Australia's mining boom should maintain its strength throughout this fiscal year, economists say. Official data released on Thursday showed that new private capital expenditure rose 2.8 per cent in..
Rio Tinto has flagged job losses at its coal and aluminium operations, after announcing a company-wide review to reduce costs by more than $US5 billion. The mining giant aims to reduce its operatin..
Stocks to watch on the Australian stock exchange on Thursday November 29 ALL ARISTOCRAT LEISURE LTD - up 19 cents at $3.05 Poker machine maker Aristocrat Leisure expects the release of new produ..
US stocks scored solid gains on Wednesday, spurred by encouraging remarks by politicians on averting looming tax hikes and spending cuts that could harm the economy. The Dow Jones Industrial Averag..
The Australian market closed slightly lower, amid renewed scepticism about the Greek bailout deal and avoiding the US fiscal cliff. Investors turned their attention instead to defensive stocks afte..
Jetset Travelworld expects a flat first-half profit as Australia's leisure market struggles with soft retail prices. Chairman Tom Dery has told the company's annual general meeting the group's trav..
News Ltd chief executive Kim Williams has rejected dire predictions for the print media industry, saying it has plenty of life yet. The digital technology being blamed for the decline in newspapers..
Transport payments group Cabcharge has avoided a board spill after receiving a second strike against executive pay. The shareholder mutiny came as executive chairman Reg Kermode spoke out against t..
Quarterly construction numbers show mining industry activity marching along strongly. But the data released by the Australian Bureau of Statistics (ABS) on Wednesday also show public and private bu..
