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The Australian market has closed lower, dropping for a second straight day as ongoing worries from Europe hit financial stocks hardest. National Australia Bank stock going ex-dividend also added to..
Telstra has little to gain from buying free-to-air broadcaster Nine Entertainment, except for its rights to sport. However, an analyst says Telstra would struggle to get regulatory approval for suc..
David Jones is stepping back from its heavy discounting strategy to rely instead on its traditional clearance sales to reignite shopper interest. Chief executive Paul Zahra said given the poor perf..
Fortescue Metals Group (FMG) boss Neville Power says he is confident China's continued growth will help the company generate enough cashflow to reduce its large debt. Australia's third largest iron..
Pacific Brands has found a new chairman to take the reins of the beleaguered clothing maker as shareholders wait in hope for a fresh takeover offer. Nine Entertainment Co's chairman Peter Bush will..
Stocks to watch on the Australian stock exchange on Thursday, May 31 AAC - AUSTRALIAN AGRICULTURAL COMPANY LTD - down 2.5 cents at $1.17 Cattle producer Australian Agricultural Company has bough..
Oil prices have sunk to multi-month lows on worries about a possible Spanish bailout, with sentiment also hit as the US dollar soared to a near two-year peak against the European single currency. N..
India is expected to announce economic growth for the first quarter of 2012 of around 6.1 per cent, a near three-year low likely to increase the gloom shrouding the country. There is "extreme pessi..
Spain's borrowing costs have soared to reach their highest level since the country joined the eurozone, close to levels where other debt-stricken countries such as Greece and Ireland have asked for an..
Journalists at Fairfax Media in NSW have voted to go on strike for 36 hours over the outsourcing of 66 sub-editing jobs to New Zealand. The strike is effective from Wednesday night. Journalists ..
US stocks have opened mixed as fresh jobs and growth data painted a dull picture of growth in the economy.Five minutes into trade on Thursday, the Dow Jones Industrial Average was up 13.85 points, or ..
Weak retail figures, combined with pessimism around Spain, have pulled the Australian dollar almost one US cent lower. At 1700 AEST on Wednesday, the local currency was trading at 97.93 US cents, d..
The Australian share market has closed lower in the wake of weak retail trade data, reports that China's government may not stimulate economic growth as much as hoped for, and continued worries about ..
Target wants to shake off its budget image and become a cool brand among the teens and tweens. Target managing director Dene Rogers outlined the plans as part of the retailer's turnaround strategy...
Total construction work done in Australia rose 5.5 per cent in the March quarter, according to official data. Construction work in chain volume terms, seasonally adjusted, was valued at $48.300 bil..
Shareholders have approved the takeover of agribusiness Viterra, which has operations in Australia, by global commodities giant Glencore. Shareholders met in Canada and voted overwhelmingly in favo..
Weaker than expected retail trade numbers are unlikely to persuade Australia's central bank to cut interest rates in June. Data released by the Australian Bureau of Statistics on Wednesday showed r..
Billionaire James Packer has stepped up his push to gain a foothold in Sydney's casino market by moving to install former Victorian premier Jeff Kennett on Echo Entertainment Group's board. Mr Pack..
A record drop in retail sales added to Spain's economic woes on Tuesday as the government struggled to increase confidence in the crippled banking industry and investors remained wary of the country's..
US stocks have risen more than one per cent, helped by hopes that China will launch a stimulus program and signs that Greece's elections might push through a euro-friendly government. But Facebook ..
Suncorp will roll out yet another cost cutting program aimed at saving $200 million each year by updating its internal IT and operating systems. Chief executive Patrick Snowball outlined the progra..
Thermal coal miner New Hope has lifted production and sales from its low-cost Queensland mines in the third quarter. Raw and saleable production increased by 20 and 27 per cent, respectively, over ..
Dart Energy has shelved plans to separately float its international business due to poor market conditions and a fall in its own share price. Dart, which has interests in coal bed methane in easter..
Lotteries and gaming services operator Tatts Group will raise $200 million by issuing bonds to investors in order to pay off bank debt. Tatts will offer seven-year unsecured bonds at $100 each, wit..
The number of new home sales rose in April but Housing Industry Association (HIA) says more interest rate cuts are needed for a sustained recovery in the housing sector. The HIA on Tuesday said new..
