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Oz Minerals chief executive Terry Burgess hopes to offload a controlling stake in the company's key growth asset before departing later this year. Mr Burgess says the company is talking to global c..
The head of property developer Stockland says there is no housing price bubble and Australia remains a cheap place to achieve the dream of home ownership. Despite first home buyers being outnumbere..
Blood products and vaccines maker CSL says a treatment that it is developing to stop recurring heart attacks has the potential to transform its business. Chief executive Paul Perreault says data co..
Pathology and medical centres operator Primary Health Care has boosted its half-year dividend by 38 per cent after lifting profits 8.6 per cent to $75.5 million. The company made more money from it..
Commonwealth Bank chief Ian Narev has defended his bank's record $4.27 billion half year profit, saying strong banks lead to a strong economy. The result puts the country's largest bank on track to..
US stocks have jumped more than one per cent after new US Federal Reserve chair Janet Yellen confirmed she would continue existing Fed monetary policy. The Dow Jones Industrial Average leaped 192.9..
Macquarie Group says its market exposed businesses have experienced mixed trading conditions in recent months, sending its share price lower. But the investment bank still expects to achieve profit..
The sharemarket has closed higher as strong profit growth by ANZ drove gains in the banking sector. After falling in early trade, the market rebounded as investors focused on ANZ's $1.73 billion ca..
Australian business conditions have risen to close to a three-year high, a private survey shows, while business confidence is up for the first time in four months. And, manufacturing conditions rec..
The Australian share market has opened slightly weaker after the lost of manufacturing jobs and mixed earnings reports impacted investor confidence. Australian shares did not follow strong leads fr..
Growth in lending for housing took a hit in December but economists believe the sector will be a major driver for the economy in 2014. The number of home loans approved in December fell 1.9 per cen..
GrainCorp will slash 130 jobs and close its Murarrie plant in Brisbane as it shifts its food manufacturing operations to Victoria. The grains marketer plans to inject $125 million into its edible o..
Shares in hearing implant maker Cochlear have fallen heavily after delays in regulatory approvals for new products contributed to a 73 per cent drop in half year profit. Cochlear made a net profit ..
US stocks have edged higher the day before new Federal Reserve chief Janet Yellen gives her premier testimony to Congress, with attention focused on how she views recent employment weakness. The Do..
A double digit jump in ANZ's first quarter profit has analysts predicting a sixth consecutive year of record earnings for the major banks. ANZ's cash profit in the three months to December 31 grew ..
The resignation of David Jones chairman Peter Mason could keep chief executive Paul Zahra in his job and pave the way for merger negotiations with rival Myer. Mr Mason and fellow director Leigh Cla..
The Australian share market has closed higher in the wake of a positive lead from US markets, but investor focus is set to shift more towards the domestic company reporting season. CMC Markets chie..
Australia's consumer watchdog says it would investigate the impact of a potential tie-up of David Jones and Myer on competition if the department store chains decided to pursue a merger. The Austra..
The US job creation engine sputtered for the second straight month in January, raising fresh questions about the economy's momentum. The Labor Department reported Friday that the economy pumped out..
Australian stocks are making gains with most sectors ahead. The Australian share market is following a positive lead from Wall Street, where the major indices shrugged off disappointing jobs number..
Regional Express has called on the federal government to prevent the collapse of more regional airlines after flagging a steep fall in first half profit. Shares in the nation's largest independent ..
Insurance comparison website iSelect says it will take a hit to its earnings following a new deal with lower commission rates from a car insurance supplier. However, iSelect says it believes the ch..
Westpac deputy chairman John Curtis will retire from the board in April. Chairman Lindsay Maxsted says Mr Curtis' business acumen and financial services knowledge has been invaluable during the pas..
Australian stocks have opened higher following a positive lead from Wall Street on Friday. The local market has started the day strongly, with both the S&P/ASX200 and the All Ordinaries pushing..
The Australian dollar hit a new four-week high after the US posted a solid fall in its unemployment rate. At 0700 AEDT on Monday, the local unit was trading at 89.55 US cents, up from 89.44 cents o..
