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Australian shares have suffered their heaviest daily fall in almost two months as nervous investors sold out due to a political impasse in the United States. But analysts say the falls are not worr..
The operator of Japanese cheap-chic clothing chain Uniqlo says it's opening a store in Melbourne early next year. "Uniqlo has selected Emporium Melbourne, a brand new retail complex in the heart of..
The Australian share market is trading lower as investors react to the political impasse over the United States' debt ceiling. "The American debt ceiling and political imbroglio has had an effect o..
Inflation is expected to remain benign despite the weaker Australian dollar, giving the Reserve Bank scope to cut the cash rate further if needed. The TD Securities/Melbourne Institute Monthly Infl..
Australia's largest electricity retailer Origin Energy has sold 800 million in euro bonds ($A1.17 billion) to refinance debt.The proceeds from the eight-year medium-term notes will be used to repay cu..
Toy company Funtastic is shifting its focus towards international markets due to the persistent weakness of the Australian retail sector.Chief executive Stewart Downs said sales of Funtastic products ..
US stocks Friday closed a downcast week on a sour note, declining amid relentless partisan squabbling over a budget bill to avert a partial US government shutdown.The Dow Jones Industrial Average shed..
The Australian share market has hit another fresh five year high as previously underperforming stocks pushed the market to its seventh consecutive week of gains. Telcos, utilities and health care c..
The bad news for borrowers is it looks like the Reserve Bank of Australia's interest rate reduction cycle is coming to an end, with economists divided on the chances of another cut. All 13 economis..
Billionaire miner Andrew Forrest has stepped down as chairman of Poseidon Nickel, one week before the company is due to repay him an $8 million loan. Mr Forrest has resigned from the board due to h..
Virgin Australia boss John Borghetti's take home pay fell by less than two per cent to $2.66 million last financial year, despite the airline falling to a $98 million loss. Mr Borghetti's remunerat..
Shares in Pumpkin Patch have been the best performer on New Zealand's benchmark index as the children's clothing retailer turned to a profit in 2013. Pumpkin Patch shares rose five per cent to $NZ1..
Toll road owner Transurban is considering bidding for Sydney's Cross City Tunnel, which has been placed in receivership for the second time. Transurban has indicated it is looking into the possibil..
Australia's largest automotive retailer says the outlook for car sales is encouraging, especially since proposed changes to the fringe benefits tax (FBT) were dumped. Automotive Holdings Group (AHG..
Harvey Norman chairman Gerry Harvey's annual pay remained steady at $1.03 million last financial year, as the company's profit dropped by 17.5 per cent. Mr Harvey's base salary of $723,000 in 2012/..
The Australian stock market is modestly higher, putting it on track for a seventh consecutive week of gains. It has followed the lead of US stocks, which made overnight gains despite political jock..
US stocks have risen for the first time in six days after some encouraging jobs and housing market data. The Dow Jones Industrial Average rose 55.04 points (0.36 per cent) to 15,328.30. The broa..
A boost to the big mining companies from a strengthening iron ore price has pushed Australian shares higher. For a second consecutive day, local investors managed to overlook a US budget deadlock, ..
Only eight per cent of Australia's biggest companies have a clear plan to improve the number of women in senior roles. Advocacy group Women On Boards says Australian companies needed to more rigoro..
BHP Billiton says the environmental assessment of its multi-billion-dollar Scarborough joint venture is progressing well amid support from the West Australian government. Joint venture partner Exxo..
Australia needs to build many more houses and apartments if it wants to put the brakes on price rises and improve affordability, according to one of the country's top bankers. ANZ Australia chief e..
Pathology and radiology provider Sonic Healthcare is buying German laboratory business Labco for 76 million euros ($A110.58 million). Labco operates five laboratories in west and south west Germany..
Whitehaven Coal has won the latest court battle over its new coal mine in northern NSW.The Federal Court in Sydney has thrown out a bid by an environmental group to stop work at the Maules Creek mine,..
BHP Billiton has raised $US5 billion ($A5.37 billion) on global bond markets. The maturities of the funds ranged from three to 30 years. The longest dated bonds were $US2.5 billion in securities..
Takeover target Warrnambool Cheese and Butter Factory (WCB) has rejected Bega Cheese's $319 million offer as too low and not having a high enough cash component."The board of WCB, together with its ad..
