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Rail operator QR National has signed a deal with Wesfarmers to haul up to 1.5 million tonnes of coal each year from its Curragh mine in Queensland to port. QR National said on Monday the long-term ..
National Australia Bank chief executive Cameron Clyne earned $5.3 million in the year to September, the third most among the big four bank CEOs.NAB's annual report, released on Monday, showed Mr Clyne..
DuluxGroup expects to increase profits this year thanks to home owners who tend to repaint their houses, even in tough times. The paint-maker has shrugged off difficult conditions to improve its fu..
Fertiliser and explosives maker Incitec Pivot has increased full year profit 13 per cent and says 2012 will be a transition year as it seeks to expand the Asia-Pacific explosives business. The comp..
Elders has forecast an improved performance during the current fiscal year after posting a substantial loss due to the decision to sell its forestry business. The agribusiness and automotive interi..
Stocks to watch on the Australian stock exchange on Monday, November 11 AIO - ASCIANO LTD - up four cents at $1.525 Asciano is to consolidate its share structure, meaning a three-fold rise in it..
A roundup of trading on major world markets: NEW YORK - US stocks jumped about two per cent Friday after three struggling eurozone governments moved ahead on crucial austerity programs, boosting co..
Australian shares closed firmly higher on positive offshore leads and short-covering ahead of the weekend. An afternoon rally led to the firmer finish and prompted analysts to wonder whether the wo..
Westpac chief executive Gail Kelly took home $8.68 million in remuneration in fiscal 2011. Westpac's annual report, released on Friday, shows Mrs Kelly was paid $3.1 million in cash for the year to..
ANZ Banking Group chief executive Mike Smith was paid just over $5 million in fiscal 2011, down nine per cent on the previous year. The total value of Mr Smith's remuneration for the year to Septem..
Transfield Services has won $132 million worth of new work in the resources industry. Transfield on Friday announced five new contracts, the largest being a five-year deal with coal seam gas (CSG) ..
Metcash says it is in the final process of selling its newly-acquired Franklins stores to IGA retailers. The grocery wholesaler bought 80 Franklins supermarkets earlier this year in a deal worth $2..
Private hospital operator Ramsay Health Care has secured $2 billion in new debt and confirmed its guidance of between 10 and 12 per cent annual profit growth. The multi-currency debt facility invol..
Shares in Extract Resources fell by almost 3.5 per cent before closing flat after its main shareholder, Kalahari Minerals, said it was still in takeover discussions with a Chinese state-owned uranium ..
A roundup of trading on major world markets: NEW YORK - US stocks rebounded Thursday amid signs that Italy and Greece were moving to form new governments that would address their deep debt problems..
Chancellor Angela Merkel says Germany aims to preserve the eurozone as it is, dismissing reports that Berlin is laying the groundwork for a currency union shed of its troublemakers. "We have a sing..
Just over $31 billion was wiped from the value of Australian shares as Italy became the new centre of concern in the eurozone debt crisis. Both major share market indices fell the most in a month o..
Privatised rail operator QR National has ruled out job cuts even though lower than expected coal haulage volumes have forced it to implement cost-cutting measures. The reassurance - by QR National ..
Leighton Holdings has reaffirmed it will return to profitability this financial year with a profit of a much as $650 million as it tenders for $27 billion worth of work.The civil engineering and prope..
Insurance Australian Group (IAG) has received about 1,500 claims from floods in Thailand that it estimates will cost about $50 million. IAG operates two businesses in Thailand, which has been hit b..
Australia's jobs market is still healthy, official data shows, but economists warn it could worsen if Europe's debt crisis deteriorates.The unemployment rate fell marginally to 5.2 per cent in Octobe..
Fairfax Media chief executive Greg Hywood says trading conditions have not improved since August when the company delivered its fiscal 2011 results. My Hywood told shareholders at the company's ann..
Challenger's chief financial officer Brian Benari has been appointed to take over as chief executive next year. Mr Benari will succeed current CEO Dominic Stevens in February 2012, Sydney-based Cha..
The West Australian government has finalised an agreement with BHP Billiton and Rio Tinto to increase the royalty rate for iron ore "fines". The WA government cut a deal with the mining giants in J..
A roundup of trading on major world markets: NEW YORK - The Dow Jones industrial average dropped more than 400 points after Italy's borrowing costs soared and talks collapsed in Greece on forming a..
