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Australian stocks have closed higher as ANZ's $3 billion plus half-year profit dragged its shares to record highs and the local market along for the ride. RBS Morgans Brisbane senior client adviser..
Extreme wet weather in Queensland has contributed to a fall in quarterly revenue and production from energy supplier Origin Energy's oil and gas fields. Origin on Tuesday released its March quarter..
Mining giant Rio Tinto says its new $2.2 billion underground diamond mine at Argyle will produce up to 20 million carats per year. Rio opened the mine in the remote East Kimberley region of Western..
Andrew "Twiggy" Forrest's Poseidon Nickel will re-open the historic Windarra nickel mine in Western Australia. Poseidon on Tuesday announced that a study had confirmed the viability of the company'..
Mining services provider NRW Holdings has won a $180 million contract at Rio Tinto's Nammuldi iron ore mine in Western Australia's Pilbara region. The contract includes bulk earthworks for the proc..
A better-than-expected earnings report and dividend from ANZ Bank has helped the Australian share market trade higher. ANZ rose $1.25, or 4.15 per cent, to $31.35 by 1200 AEST, after reporting a on..
Australian shares closed on a positive note as the four major banks lifted the market. CMC Markets chief strategist Ric Spooner said the Australian market closed higher as gains for the major finan..
Stocks to watch on the Australian stock exchange at close on Monday: AQA - AQUILA RESOURCES LTD - down 22.5 cents at $1.805 The share price of minerals explorer Aquila Resources took a hammering..
The Australian dollar has closed firmer, pushing above 103 US cents and moving in line with the rising price of gold. At 1700 AEST on Monday, the Australian dollar was trading at 103.24 US cents, u..
Former Qantas executive Rob Sharp has been named as the new boss of struggling budget carrier Tiger Airways Australia. Mr Sharp, who had 15 years at Qantas including roles in strategy and innovatio..
Oil and gas producer Santos has committed to a $100 million drilling and appraisal program over the next 12 months in the Northern Territory.The onshore Mereenie program will target oil while also eva..
Leading Australian economist Ross Garnaut has told a Senate committee that the mining tax is highly flawed and may never raise any revenue in its current form.A Senate committee is investigating the M..
The share price of minerals explorer Aquila Resources took a hammering after its Japanese joint venture partner pulled out of some of its Queensland coal exploration permits.News of the decision by Ja..
Vector has won regulatory clearance to acquire Contact Energy's gas metering business for $63 million, which will merge the two largest suppliers of metering services on the New Zealand North Island's..
BHP Billiton has sold a copper mine in the US for $US650 million ($A634.86 million) as the resources giant continues to off-load assets. It has sold its Pinto Valley mining project and the associat..
The Australian market has opened higher, led by gains for the four major banks. IG markets strategist Stan Shamu said the local market has been dragged higher by the major financial stocks, and the..
US stocks have ended mixed after a mediocre report on US economic growth and the latest batch of uneven corporate earnings reports. The Dow Jones Industrial Average rose 11.75 (0.08 per cent) on Fr..
The Australian market has closed slightly lower despite commodity stocks staging a comeback. IG Markets chief market strategist Chris Weston said commodity stocks traded well on Friday after recent..
After posting record quarterly revenue, the founder of sleep disorder equipment supplier ResMed says the business has the capacity to grow even further as it provides the holy grail of healthcare. ..
Samsung Electronics Co says its first-quarter net income has jumped 42 per cent over a year earlier to a record high thanks to robust smartphone sales even during a typically slow season for the elect..
New Zealand shares rose on Friday, nudging the NZX 50 Index to a new record. Investors continued to bid up the future earnings potential of Diligent Board Member Services and Xero. Sky Network Tele..
Australia's economy is the envy of the developed world but there is a question lurking at the back of economists' heads: when will the good times end? One prominent economist warns we could be in r..
The Australian dollar has risen to its highest point in a week as commodity prices and share markets rally. At 1200 AEST on Friday, the local unit was trading at 103.30 US cents, up from 102.46 cen..
Westfield Group's board is to be shaken up, with directors Stephen Johns and Fred Hilmer stepping down at next month's annual general meeting. Mr Johns, 65, has been involved with the shopping cent..
Australia's last listed major grains marketer, GrainCorp, is set for foreign takeover, following the likes of AWB and ABB Grain.GrainCorp has reached conditional agreement to sell to US-based global f..
