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Construction giant Leighton has vowed to fight a class action filed by shareholders seeking to recover losses stemming from the company's massive profit downgrade in 2011. Two years after it first ..
Supermarket giant Coles' private label canned fruit will all be Australian-grown from early next year. Wesfarmers' grocery subsidiary has signed a deal with SPC Ardmona (SPCA) to source 100 per cen..
Billionaire James Packer says an ambitious program to expand the number of Crown's integrated hotel and casino resorts in Asia and Australia is affordable.The Crown chairman told shareholders at the c..
A rise in new home construction appears to be gaining traction with new home sales hitting their highest level in over two years.Sales of new homes increased by 6.4 per cent in September, seasonally a..
Australian stocks have opened higher after Wall Street's Dow Jones and S&P 500 both hit fresh record highs.IG market strategist Evan Lucas said the local market was benefiting from the US' solid lead,..
Transpacific Industries, the Australian waste manager, has put its New Zealand business up for sale, two years after writing down its value.The Queensland-based company has hired Deutsche Bank to help..
Fortescue Metals Group is looking to take advantage of favourable credit market conditions to lower the interest repayments on its debt.The iron-ore giant will seek to reduce the interest rate applied..
A summary of trading in key commodities markets overseas:ENERGYGlobal oil prices fell as dealers booked profits from the prior gains and awaited the US stockpiles report, expected to show yet another ..
The Dow and S&P 500 closed at fresh all-time highs on Tuesday, a day before a US Federal Reserve decision that is expected to maintain its aggressive monetary stimulus.The Dow Jones Industrial Average..
The Australian share market fell as investors took profits after the recent record highs reached by three of the big four banks. ANZ continued to reach new highs after making a record $6.5 billion ..
The company behind the Pizza Capers and Crust Gourmet Pizza chains says an aggressive expansion is going better than planned. Retail Food Group, which additionally owns Donut King, Brumby's Bakery ..
Small businesses are being gouged by bank fees while big business gets off lightly, Reserve Bank data shows. Small business owners are paying up to 10 times more in bank fees than big business, wit..
The Reserve Bank of Australia boss has warned investors that the Australian dollar is still high and will eventually fall from its historically high levels. "These levels of the exchange rate are n..
Japanese dairy and beverage company Lion has entered the takeover battle for Warrnambool Cheese and Butter Factory, taking a 9.99 per cent stake in the company.Warrnambool's share price surged on Tues..
Reserve Bank governor Glenn Stevens is not concerned about the current surge in housing prices, but has urged borrowers not to over-extend themselves.Recent rises in house prices are a reversal of ear..
ANZ boss Mike Smith has declared the bank is "firing on all cylinders" as strong demand for home loans and growth in its Asian business lifted it to a record $6.5 billion profit.The bank's cash profit..
US stocks have ended a quiet day essentially flat ahead of a two-day US Federal Reserve policy meeting that concludes on Wednesday.The Dow Jones Industrial Average slipped 1.35 points (0.01 per cent) ..
The Australian sharemarket has closed at a five year high as the major banks lifted ahead of the release of NAB and ANZ results. CommSec analyst Steven Daghlian said the one per cent gain was the n..
Shares in Perth-based minerals explorer Greenland Minerals and Energy have spiked after Greenland's parliament voted to remove a 25-year-old ban on uranium mining. Greenland Minerals shares rose 5...
What to make of Australia's coal industry machinations, such as Rio Tinto opening a new coal mine and selling an old one in 10 days? Less than five years years ago, coal was Australia's biggest exp..
A Queensland-grown cafe empire is expanding its presence in the Middle East with The Coffee Club planning to open 100 new stores in the Persian Gulf within the next decade. The group has signed a l..
The head of Australia's largest regional lender says current banking regulations have left it "having to fight with one hand tied behind our back" compared to the big four banks. Bendigo and Adelai..
The Australian sharemarket is trading at its highest level for the year, led by the major banks. Lonsec senior client adviser Michael Heffernan said the Australian market was looking very strong. ..
Rio Tinto has agreed to sell its majority stake in its Clermont coal mine, in central Queensland for more than $1 billion. The mining giant will sell its 50.1 per cent stake in the Clermont mine to..
Treasury Wine Estates (TWE) may be sued by shareholders over writedowns on excess stock in the United States.Litigation funder IMF and Maurice Blackburn lawyers announced the funding of the class acti..
