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The number of new home sales increased by 0.5 per cent in January, after a small fall in December, data from the Housing Industry Association (HIA) shows. January's new home sales were also up 17 p..
Inflation is rising towards the top of the Reserve Bank of Australia's target range, putting pressure on the central bank to raise interest rates, according to a survey of price movements. The TD S..
The National Australia Bank has cut its fixed interest rate for two-year terms to the lowest level in more than 20 years. The bank cut its two-year fixed interest rate by 0.05 per cent to 4.84 per ..
Beverages supplier Coca-Cola Amatil will pay former chief executive Terry Davis $150,000 a year for three years in exchange for him not working for competitors in Australia. Mr Davis on Monday step..
The Australian market looks set to open higher after the S&P 500 hit a new record peak with investors were generally optimistic about growth in the US economy. At 0645 AEDT on Monday, the March..
AMP chairman Peter Mason will step down at the company's annual general meeting in May. Mr Mason, who has been chairman of the company for eight years, will be replaced by former Macquarie Group ex..
The Australian dollar is weaker as escalating tension between the Ukraine and Russia dilutes appetite for riskier assets. At 0700 AEDT on Monday, the local unit was trading at 89.01 US cents, down ..
The sharemarket took a slight fall on the last day of the month, but enjoyed growth in February after a solid corporate earnings season. The ASX200 index rose by more than four per cent in the mont..
Canadian owned Warrnambool Cheese and Butter Factory says international demand for dairy commodities remains strong. The company says its outlook for the remainder of the 2013/14 financial year rem..
James Hardie is rewarding shareholders with a special dividend after more than doubling its profit as the US housing market picks up. The building products maker made a net profit of US$286 million..
The value of credit outstanding to the private sector has risen 0.4 per cent. That rise, for January, was marginally slower than the 0.5 per cent rise in December, but it has still produced the big..
Electrical and homewares retailer Harvey Norman has lifted its half year profit by 36 per cent, as it overcame a tough retail market to grow sales. Harvey Norman made a net profit of $111.4 million..
The Australian sharemarket is flat at midday in the wake of a record session on United States markets overnight. "It is fairly flat but not a bad effort," Lonsec senior client adviser Michael Heffe..
Woolworths boss Grant O'Brien has warned that a tough federal budget and unemployment woes could hurt consumer sentiment and undermine the retail giant's hopes of delivering a strong full year profit ..
Virgin Australia's boss has blamed Qantas for the air war that has left both airlines bleeding money and says its rival does not deserve government help. Virgin slumped to a first half net loss of ..
The S&P 500 has set a new record close as buyers pushed up stocks helped by a cautiously positive view of the economy from Federal Reserve Chair Janet Yellen. The Dow Jones Industrial Average a..
The sharemarket has fallen due to a worse than expected fall in business investment in the December quarter. Trading was also marked by a sharp fall in the value of Qantas shares, after the airline..
Qantas chief executive Alan Joyce says he's the right man for the job of overseeing the tough measures needed to return the airline to profit. He said their plan to axe 5,000 jobs, defer buying or ..
Wealth manager Perpetual has lifted its half year profit due to improved equity markets and lower costs as a result of a restructure. Perpetual made a $33 million net profit in the six months to De..
Optus chief Kevin Russell will step down at the end of March, just over two years after taking the post. Paul O'Sullivan, currently group consumer chief executive at Optus' parent company Singapore..
Australia's mining investment boom is well and truly over, but other parts of the economy aren't quite ready to pick up the slack. Total new capital expenditure (capex) was down 5.2 per cent in the..
Maintenance and project management firm Transfield Services says activity levels in Australia and New Zealand remain subdued leading into the second half of the financial year. But there may be sig..
The Australian dollar has fallen more than a third of a US cent after the release of worse-than-expected business investment figures for the December quarter. The Australian dollar was trading at 8..
Business investment in Australia had an unexpectedly large fall in the last three months of 2013, led by a big drop in mining related investment. Capital expenditure (capex) was down 5.2 per cent i..
Billionaire Kerry Stokes' cashed-up Seven Group has shrugged off a forecast 30-40 per cent fall in full year profit, declaring it is chasing growth and takeovers. The media, industrial services and..
