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Shipbuilder Austal has received funding to build two more vessels for the US Navy, taking the value of its current order book to record levels. The company has received funds to build vessels seven..
Recent improvements in business conditions seem to have hit a snag as a lack of employment growth weighs on consumer confidence. February's National Australia Bank (NAB) business survey shows its b..
US stocks have slipped as weak economic data from China and Japan raised questions about the growth outlook in Asia. The Dow Jones Industrial Average fell 34.04 (0.21 per cent) to 16,418.68. The..
Origin Energy chairman and former beverages executive Gordon Cairns is the new chairman of retailer David Jones. His appointment follows the resignation of current chairman Peter Mason, and two oth..
Steep falls among Australia's biggest miners have pushed the sharemarket lower after weak Chinese trade data lead to a fall in commodity prices. Chinese import and export figures released on Saturd..
Jobs growth in February is expected to have bounced back after a weak result in January, but not enough to bring down the unemployment rate. Official labour force figures to be released on Thursday..
A Queensland coal seam gas operator has received a $160 million takeover offer from a Chinese firm. WestSide Corporation operates the Meridian SeamGas CSG fields west of Gladstone in Queensland, an..
Japan's economic growth in the last quarter of 2013 was weaker than previously thought, revised data shows, underscoring concerns about the pace of recovery. The fresh figures will turn the focus t..
Leighton holdings shares have surged more than 11 per cent as Germany's Hochtief moved to boost its stake in the company and take control of the board. Investors pushed Leighton to a one year high ..
Ship builder Austal has won a $US125 million ($A138.71 million) contract to build two vessels for an unidentified naval customer in the Middle East. Austal will build two 72-metre high-speed suppor..
The Australian market looks set to open lower after Wall Street finished mixed as a better-than-expected US jobs report helped offset anxiety over Ukraine that sent European equities lower. At 0645..
Wall Street stocks have finished mixed as a better-than-expected US jobs report helped offset anxiety over Ukraine that sent European equities lower. At the closing bell, the Dow Jones Industrial A..
As always, it's what the Reserve Bank of Australia doesn't know that's important for the interest rate outlook. When he fronted a parliamentary committee on Friday, RBA governor Glenn Stevens reite..
The share market has ended the week with a slight gain as investors remained unfazed by Russia's incursion into Ukraine and drew comfort from local economic data. "The Ukraine situation that has be..
Reserve Bank governor Glenn Stevens has warned Australia faces fiscal problems in the medium term because social programs have not been fully funded. Mr Stevens on Friday told federal politicians o..
Westpac chief financial officer Phil Coffey has been promoted to the role of chief executive Gail Kelly's deputy. In the newly created position, Mr Coffey will work directly with Mrs Kelly on "crit..
Central Bank boss Glenn Stevens hopes the unemployment rate won't rise too much further but says a period of interest rate stability should be supportive for business. The Reserve Bank governor tol..
Reserve Bank of Australia Governor Glenn Stevens has warned home buyers to be wary of taking on too much debt to buy a property, especially in light of a sharp rise in Sydney prices. Current levels..
The S&P 500 has jumped to a new record high ahead of Friday's February US jobs report, but caution remained amid rising tensions over Ukraine. The S&P 500 finished up 3.22 points (0.17 per ..
The sharemarket has closed flat as investors remain cautious despite easing concerns over potential conflict between Russia and Ukraine. "There are a few slight concerns, but overall sentiment has ..
A spike in retail spending for January has added to speculation of an interest rate hike later in the year. Retail spending rose by 1.2 per cent in January to $22.9 billion, figures from the Austra..
In the world of essential oils, sandalwood oil is like gold. Australian sandalwood producer TFS Corporation, through its US joint venture entity Santalis Pharmaceuticals, is about to ship 100 kilog..
Troubled surfwear retailer Billabong faces a possible class action from investors hurt by the dramatic decline in the company's fortunes. Law firm Slater and Gordon says it is preparing a lawsuit a..
Carsales.com has agreed to pay $126 million for a major stake in the online operations of South Korea's leading car seller, further expanding its international reach. The company plans to take a 49..
BlueScope Steel will sell some of its assets in Western Australia in order to win regulatory approval of its $23 million purchase of the OneSteel sheet and coil business. The Australian Competition..
