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Australian shares have rallied as a sharp drop in the local currency helped give the mining giants a boost. The Australian dollar plummeted by more than one US cent, to below 88 US cents, for the f..
Bega Cheese will sell its 18.8 per stake in Warrnambool Cheese and Butter to Canadian dairy giant Saputo, putting Saputo in prime position to win the takeover battle for WCB. Saputo and Australia's..
The Australian share market has opened higher, led by resources stocks, after a positive lead from markets in the United States. IG markets strategist Stan Shamu said the local bourse had had a ver..
Weak jobs growth in 2013 will ensure the Reserve Bank of Australia keeps an open mind about the possibility of cutting the cash rate again. Unemployment remained steady at 5.8 per cent in December,..
Iron ore miner Fortescue says the construction of a new $178 million gas pipeline to its Pilbara operations, will reduce operating costs and open up long-term growth opportunities. Fortescue has si..
Woodside shareholders could be in for a bonanza after the company notched up record annual production and sales revenue of almost $6 billion. Irrespective of whether Woodside pushes the button on a..
The halcyon days of three years ago are over but Rio Tinto looks well placed to deliver a healthy full year profit next month after achieving record iron ore shipments in 2013. The mining giant eke..
US producer prices rose modestly in December on higher energy costs, ending two consecutive months of declines, the Labor Department says. The producer price index rose 0.4 per cent in December, sl..
The S&P 500 has closed at a new record following a batch of mostly solid economic and corporate earnings reports, and a modestly upbeat Federal Reserve report. The S&P 500 jumped 9.50 (0.52..
Australian shares have recovered some of Tuesday's losses due to a strong lead from the US. However, IG market analyst Evan Lucas said the joy could be short-lived as investors continue to worry ab..
Rising sales of work-related vehicles shows the housing market recovery is taking the economic baton from mining investment. New car sales rose 1.7 per cent in December, seasonally-adjusted, with 9..
Former Exxon Mobil executive Tony Cudmore has been appointed president of corporate affairs at BHP Billiton. Mr Cudmore, who was the corporate public affairs manager of oil and gas giant Exxon Mobi..
The Australian dollar has slipped back below 90 US cents following stronger-than-expected US retail data and hawkish comments from US Federal Reserve officials. At 1200 AEDT on Wednesday, the Austr..
Oil and gas explorer and developer Strike Energy has entered into an option agreement with packaging supplier Orora to supply 30 petajoules of gas to Orora over 10 years. The gas will come from Str..
Australian shares are higher as positive US retail sales figures boost banking, mining and luxury consumer stocks. The local share market had lost a bit of puff after opening strongly but was in st..
Consumer and business lending is growing at the fastest pace since the global financial crisis as record low interest rates trigger a recovery in personal loans. Personal financing improved for two..
Oz Minerals shares have rallied more than 15 per cent as the company forecast a boost in copper and gold production after a disappointing 2013. Australia's third largest copper producer also flagge..
Australian shares have bounced back from Tuesday's losses, thanks to a positive lead from Wall Street. The market is more than three-quarters of a per cent higher, which partly offsets the previous..
US stocks have closed solidly higher, buoyed by a better-than-expected report on December retail sales covering the holiday shopping season. The Dow Jones Industrial Average climbed 115.92 points (..
Australia's largest gold miner Newcrest has extended its debt facility by more than $200 million as it faces a class action from shareholders over its massive financial writedown. Newcrest Mining s..
The Australian share market closed more than one per cent lower after a top US central bank official raised the prospect of ongoing reductions in the US's economic stimulus program. Federal Reserve..
Shares in gold miner Regis Resources have fallen more than five per cent after the company missed its quarterly production targets and flagged lower recovery rates at its Garden Well operation. Reg..
Australian stocks have opened in the red following a selloff on Wall Street overnight. The local market is around half a per cent lower, which is better than futures markets had anticipated followi..
Mining giant Rio Tinto has paid more than $1.31 billion for 510 million Turquoise Hill shares under a rights issue, clearing the slate as it develops the Oyu Tolgoi mine in Mongolia. Rio said the $..
Australia's jobless rate is tipped to remain steady in December, amid expectations the housing market recovery will create jobs. Unemployment is forecast to remain at 5.8 per cent when labour force..
