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Australian stocks closed about half a per cent lower as the big resources companies dragged the market down following falls in China. Chinese shares were down 2.43 per cent on Thursday as heavyweig..
The nation's largest industry super fund AustralianSuper has appointed Reserve Bank of Australia board member Heather Ridout as its new chairwoman. Ms Ridout will take over as chairwoman of Austral..
Telstra's struggling directories business Sensis has been given a boost after the competition watchdog cleared its takeover of online business directory TrueLocal. Sensis managing director John All..
Newcrest investors have been dealt another blow after the gold miner cut its production targets by 10 per cent due to ongoing problems at its Lihir operations. But analysts say the eight per cent s..
The good news is the economy is getting better. The bad news is the central bank's interest rate cutting cycle is coming to an end. All 13 economists surveyed by AAP say the Reserve Bank of Austral..
Australian stocks are lower at noon as investors took profits from high yielding stocks. CMC Markets chief strategist Ric Spooner said the financial sector and Woolworths were dragging the market d..
Linc Energy will pay down debt and strengthen its balance sheet as it looks to develop oil and gas assets after raising $US200 million ($A192.42 million).Linc raised the money through a convertible bo..
Leighton Holdings has sold a majority stake in three telco businesses to a Canadian pension fund for about $619.5 million. The deal places Nextgen, a manager of fibre network services; Metronode, w..
US stocks mostly fell on Wednesday amid renewed anxiety over the eurozone as Cyprus moves to implement the EU-IMF rescue plan. The Dow Jones Industrial Average dropped 33.49 points (0.23 per cent) ..
The Australian share market closed almost one per cent higher as investors took their cues from positive news in the US. On Wall Street overnight on Tuesday, the Dow Jones Industrial Average jumped..
The Australian share market is trading about 0.4 per cent higher as investors turn their attention from Cyprus to the United States. Lonsec senior client adviser Michael Heffernan said the Australi..
Linc Energy hopes to raise $200 million to explore and develop oil and gas prospects following strong drilling results.Shares in the company were placed in a trading halt on Wednesday ahead of an anno..
Hills Holdings is offloading its remaining building materials businesses so it can focus on selling more closed circuit TVs, antennas, alarms and other electronics products and services.Hills will ret..
QBE shareholders have vented their anger over the Australian insurer's decision to slash their dividends.Several mum and dad investors at QBE's annual general meeting on Wednesday took the board to ta..
The Australian share market has opened higher. At 1010 AEDT on Wednesday, the benchmark S&P/ASX200 index was up 27.1 points, or 0.55 per cent, at 4,977.3, while the broader All Ordinaries index..
Qantas is free to pursue its plan to revive its struggling international arm after the competition watchdog gave the green light to a partnership with Emirates. However the Australian Competition a..
US stocks surged higher on Tuesday as favourable sentiment towards equities more than compensated for a mixed bag of economic indicators. The Dow set a new record while the S&P 500 narrowly mis..
They're called SMSFs - self-managed super funds - but Australia's foremost authority on superannuation prefers to call them smurfs. And while the do-it-yourself retirement saving may soon rival the..
UGL is considering whether to split its engineering and property services operations. UGL said on Tuesday it was reviewing its corporate structure, given its property services division now generate..
The Australian share market has opened lower over renewed jitters about the euro zone, following a bailout deal for Cyprus. IG Markets market strategist Stan Shamu said the Australian market had op..
Cash Converters has obtained $60 million from Westpac Bank that the second hand dealer and short-term loan provider will use to grow its personal loan book. Westpac will provide the $60 million thr..
The Central Bank of Cyprus says the country's finance minister has decided to order all banks in the country to remain shut until Thursday.The announcement late on Monday came hours after the central ..
US stocks have tumbled after a top European finance official suggested the Cyprus bailout framework could serve as a template for other European bank crises. At the closing bell on Monday, the Dow ..
Australia's long hot summer appears to be hurting sales at adventurer retailer Kathmandu.The retailer managed to lift its first half profit by 73 per cent, but the hotter-than-expected weather in Febr..
Australian stocks closed higher led by the major banks as Cyprus struck a bailout deadline-day deal with the European Central Bank. Cyprus had until Monday to agree to the ECB's conditions in order..
