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US stocks have opened higher in a holiday-shortened session following better eurozone economic data and positive early assessments of "Black Friday" shopping triffic by some leading retailers. Five..
The share market has closed slightly lower on a day marked by a sharp fall in GrainCorp shares after the federal government blocked a foreign takeover. US markets were closed for the Thanksgiving h..
Federal Treasurer Joe Hockey's decision to block a proposed $3.4 billion foreign takeover of GrainCorp was likely based more on politics than economics or security concerns, a prominent economist says..
It's good new for the economy but bad news for borrowers. There's not going to be an interest rate cut next week and the chances of a reduction next year are slim as the non-mining parts of the eco..
Canadian dairy giant Saputo's takeover of Warrnambool Cheese and Butter is moving ahead, with the overseas company now owning more than 9.6 per cent of its target. Saputo is offering $9 for each Wa..
Grain silos, cheese and a flying kangaroo stir the emotions - at least when it comes to foreign ownership. The partial sale of home-grown biscuit brand Arnotts in 1992 was emotional enough. Back..
The share market is weaker, led by a big fall in GrainCorp shares after the federal government blocked a foreign takeover of the company. With Wall Street closed for the Thanksgiving holiday overni..
Chris Corrigan, a key figure in the 1998 waterfront dispute, has resigned from the board of James Packer's Crown Resorts. Mr Corrigan has been a member of the casino operator's board since 2007. ..
Shares in grains handler and marketer GrainCorp have fallen more than 25 per cent after Treasurer Joe Hockey blocked American food giant Archer Daniels Midland's $3.4 billion takeover bid. GrainCor..
Treasurer Joe Hockey's blocking of a $3.4 billion foreign takeover of grains handler and marketer GrainCorp will have implications for the whole agricultural industry, the company says.Mr Hockey's dec..
Mining giant Rio Tinto will close its Gove alumina refinery in the Northern Territory, bringing the axe down on up to 1500 jobs and an entire mining town.After years of losing money producing alumina ..
The Australian sharemarket has finished flat ahead of the Thanksgiving holiday in the United States. RBS Morgans dealer Michael Cooper said investors were initially buoyed by a positive US lead and..
Sales of new homes have fallen, after reaching their highest level in two years in September, a survey shows. New home sales fell by 3.8 per cent in October, seasonally adjusted, following a 6.4 pe..
Gold miner Ramelius is working to get its flagship asset in Western Australia profitable next year despite a weaker gold price. Although exploration expenditure for the current financial year had b..
Leighton subsidiary John Holland Group has been awarded a $112 million highway construction project in Queensland. The company has been appointed construction contractor for stage two of flood miti..
A bigger than expected rise in business investment shows the moderation in the mining sector won't hit the overall economy, an economist says. Australian business investment rose by 3.6 per cent in..
Business investment is surprisingly strong across all of the sectors of the economy, which may mean there won't be a central bank interest rate cut in the coming months. Business investment rose by..
The Australian share market is higher due to better than expected business spending data and positive leads from global markets. The initial reaction to capital expenditure data for the September q..
Murray Goulburn has lifted its offer for Warrnambool Cheese and Butter to $533 million to stay in the three way race for the historic dairy company.The latest Murray Goulburn offer - $9.50 for each Wa..
Origin Energy has struck a deal to supply gas to petroleum company BG Group's Queensland Curtis liquefied natural gas (LNG) project. The move continues a trend by the partners in the state's three ..
The boss of the family owned Rivers clothing brand called Australia's biggest women's fashion retailer asking to be bought out.The 28-year-old Rivers shoe and apparel brand has been sold for $5 millio..
US stocks have risen to new records following a stream of mixed economic data on the eve of the Thanksgiving holiday.The Dow Jones Industrial Average tacked on 24.53 (0.15 per cent) at 16,097.33 on We..
The Australian share market has lost ground as commodity price weakness led to losses among the big miners. Bell Direct equities analyst Julia Lee said the resources sector dragged the local bourse..
Programmed Maintenance Services has recorded a flat half year profit despite taking a hit to revenue as a result of a slowdown in investment in the resources sector. The company, which provides rec..
Daily Mail Group will follow in the footsteps of fellow British newspaper The Guardian by launching an Australian website in early 2014. Publisher Martin Clarke on Wednesday announced the company w..
