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Australian credit grew at a snail's pace for the third month in a row in August. Total credit provided to the private sector by banks and other lenders rose by 0.2 per cent in August after rises of..
Woolworths non-executive director and World Cup cricket organiser Ralph Waters has been elevated to the chairman's job after the surprise resignation of James Strong. Mr Water's promotion to the to..
The head of the former Centro Properties Group was paid $3 million in the final five months of the shopping centre owner's operation. Centro was one of Australia's highest-profile casualties of the..
Hostile suitor DuluxGroup has forced Alesco into an 11th-hour acceptance of its takeover offer that saved shareholders from missing out on an extra 27 cents per share dividend. Building products an..
Stocks to watch on the Australian stock exchange on Friday, Sept 28: ALS - ALESCO CORPORATION LTD - in trading halt, last traded at $2.00 DLX - DULUXGROUP LTD - down one cent, or 0.31 per cent, ..
Caltex Australia has confirmed it will close its Kurnell refinery in Sydney in the second half of 2014 after discussing the proposal with staff and unions. The company announced on July 26 it plann..
The Australian market is set to open slightly higher after world markets reacted positively to the release of Spain's 2013 budget supporting its austerity measures. At 0719 AEST on Thursday, the De..
US stock markets scored solid gains on Thursday amid speculation of additional stimulus measures from China and after Spain announced a 2013 austerity budget. The Dow Jones Industrial Average advan..
Australian shares ended a three-day of losses and closed higher after a post-lunch turnaround, prompted by the announcement of an economic stimulus program by the Chinese central bank. At the close..
Population growth is picking up, increasing the likelihood that official figures are understating employment growth. The divergence between actual population growth and the assumed rate of populati..
Grocery wholesaler Metcash expects to name a new chief executive in February after current boss Andrew Reitzer confirmed he will resign at the end of the financial year. Mr Reitzer announced in Feb..
Echo Entertainment has denied it is in turmoil after chief executive Larry Mullin joined a management exodus and quit amid concerns about the casino operator's balance sheet. The latest departure w..
Toy distributor Funtastic's return to profitability was helped by fluffy toys that doubled as pillows, and this year it hopes that female superhero dolls will prove just as popular. Funtastic on Th..
Dick Smith Electronics' new private equity owners plan to open new stores and boost the retailer's online presence after buying the business from Woolworths for $20 million. Woolworths on Thursday ..
Stocks to watch on the Australian stock exchange on Thursday, Sept 27: ALS - ALESCO CORPORATION LTD - in trading halt, last traded at $2.00 DLX - DULUXGROUP LTD - down four cents, or 1.2 per cen..
Australian stocks have closed lower as worries about global growth and skepticism about the latest efforts to revive the US economy succeeding prompted local investors to seek refuge away from the equ..
A major review of Australia's payment system has been well received by industry players, the Reserve Bank of Australia (RBA) says. RBA head of payments policy Tony Richards says the Strategic Revie..
Fertiliser maker Incitec Pivot has put off plans for a new plant in Newcastle, NSW because of rising construction costs. The company announced plans for an ammonium nitrate manufacturing plant at I..
Home owners and buyers are feeling increasingly confident about the property market thanks to recent interest rate cuts, stagnant house prices and wage rises. The latest Genworth Homebuyer Confiden..
Casino operator Crown has made no changes to its executive pay policy despite the threat of a board spill in the event of another shareholder backlash. Four of the company's six senior executives r..
Seven West chief executive and former Woodside boss Don Voelte has joined the board of oil and gas explorer Nexus Energy. The appointment of Mr Voelte as non-executive chairman is part of a board r..
Alesco and DuluxGroup have held talks in a bid to find a resolution to their messy five-month takeover battle. DuluxGroup's $210 million bid to buy building products maker Alesco has been quagmired..
Stocks to watch on the Australian stock exchange on Wednesday, September 26 BWD - BLACKWOOD CORPORATION LTD - down 0.5 cents, or five per cent, at 10.5 cents WHC - WHITEHAVEN COAL - down one cen..
A Federal Reserve official's doubts about the impact of the QE3 stimulus have pulled the rug from under US stock markets, sending them lower after strong early gains. The Nasdaq tumbled as major te..
Australian shares closed lower, dragged down by resources stocks, with investors responding to commodity price falls and Europe worries. At the close of trade on Tuesday, the benchmark S&P/ASX2..
