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After tough all-night bargaining, European leaders appear to have salvaged what had seemed to be a summit teetering toward failure by agreeing to funnel money directly to struggling banks, and in the ..
The Australian sharemarket has closed higher in the last trading session of the financial year, with investors heartened by the fact that European leaders looked like they had settled on a plan to con..
Grocery wholesaler Metcash has announced the successful completion of its $325 million share placement. Metcash announced that it had placed the $325 million in fully paid ordinary shares on the ma..
David Jones has been offered $1.65 billion for a full takeover by a British private equity firm, a move that has sparked a sharp rise in the upmarket retailer's share price. The department store ch..
Billionaire Gina Rinehart has called on Fairfax chairman Roger Corbett to resign if he fails to turn around the company's ailing share price, revenue and circulation by November. In an open letter ..
News Corp's Australian newspapers and pay TV companies will stay together while worldwide the media group's publishing assets are split off from TV and film under a restructure announced by the compan..
Australia's central bank cut interest rates in May and June, but is not expected to make it three in a row when its board meets on Tuesday. Fears about weak growth in the local economy and turmoil ..
Mining magnate Gina Rinehart is likely to succeed in wresting control of Fairfax Media, but it could take at least six months of manoeuvring, an academic says. Mrs Rinehart's company Hancock Prospe..
Stocks to watch on the Australian stock exchange today: ALK - ALKANE RESOURCES LTD - down 1.5 cents at 77.5 cents Alkane Resources says it's on track to bring one of the world's largest undevelo..
US stocks have slashed steep early losses in the last hour of trade to end moderately lower, amid short covering and hopes that EU leaders would agree measures to stem the eurozone crisis. Falls in..
The Australian share market surrendered most of its early gains to close almost flat as local investors waited to see if European Union leaders meeting in Brussels would act to contain the euro zone's..
Caltex Australia, which is pondering closing its refining operations, expects its first half profit to rise by as much as 81 per cent per cent due to higher refinery production. Caltex on Thursday ..
Beleaguered grocery wholesaler Metcash is diversifying into the car spare parts business to help bolster its bottom line and will undertake a $375 million capital raising to help pay for the new busin..
Santos shares have fallen heavily after the cost of its part-owned Gladstone liquefied natural gas (GLNG) project rose by 15 per cent. Santos said it and its joint GLNG owners had brought forward $..
Brisbane's Airport Link toll road is set to open one month late, which will cost its builders almost $1 million a day. Thiess John Holland (TJH), a subsidiary of construction giant Leighton Holding..
The central bank's recent decisions to cut interest rates don't seem to have affected Australia's housing market, according to an industry study. The Housing Industry Association (HIA), which repre..
News Corp shares have lifted on reports that the media company's board has approved the split of its entertainment and publishing divisions. News Corp shares were up 3.5 per cent, or 75 cents, to $..
Stocks to watch on the Australian stock exchange on Thursday, June 28 ALS - ALESCO CORPORATION LTD - down two cents at $1.94 DLX - DULUXGROUP LTD - up five cents at $2.97 Takeover target Ales..
A rebound in US durable goods orders in May, a sign of firmer action in US industry, has helped push US stocks higher in the wake of European and Asian markets. All sectors except discretionary con..
Spain cannot finance itself for long at the high rates it now pays on the markets, Prime Minister Mariano Rajoy has warned on the eve of a European Union summit. If Spain, the eurozone's fourth big..
The Australian share market has closed slightly higher, boosted by a positive lead from US markets, but trading remains weak and cautious ahead of a summit of European leaders later this week. Lead..
Westpac will pay $165 million in additional tax as a result of changes to the taxation of financial arrangements. The bank said on Wednesday it will record the additional tax charges in its results..
Takeover target Alesco Corporation says it remains unconvinced by predator DuluxGroup's claim that its takeover offer is compelling. Alesco said in a letter to shareholders on Wednesday that DuluxG..
Billionaire James Packer could be looking towards establishing a casino in the Philippines as part of a desire to create a Pan-Asian gambling empire. Fairfax Media reported on Wednesday that Mr Pac..
BHP Billiton says it's on track to complete ore access at its Escondida copper mine in Chile in the June quarter. In a statement the global miner said it was targeting significant growth in copper ..
