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The head of the Reserve Bank says the Australian dollar is still too high. "I personally would continue to think that a lower currency would be helpful in rebalancing the growth of the economy," RB..
China's gross domestic product expanded 7.8 per cent year-on-year in July-September, the government says, snapping two quarters of slowing growth in the world's second-largest economy. Friday's fig..
Santos' Australian gas customers paid a record $5.98 a gigajoule in the September quarter in a worrying signal for businesses fearing unaffordable price rises. The price is almost at export parity ..
Qantas is expecting economic headwinds and record high fuel prices to create more turbulence. Average airfares per passenger are forecast to fall in fiscal 2014, as the flying kangaroo faces sluggi..
Philip Morris International says its third-quarter profit rose five per cent as higher prices helped offset the decline in the number of cigarettes it sold. The seller of Marlboro and other cigaret..
Cockatoo Coal plans to raise $408 million to expand its Baralaba mine in Queensland, repay debt and fund a takeover offer for Blackwood Corporation.The central Queensland coal producer will issue new ..
James Packer's Crown is in talks to develop a "must see" $US400 million ($A416.17 million) casino resort in the Sri Lanka capital Colombo.Crown says it is in talks with the Sri Lankan government and p..
Murray Goulburn has stepped up the takeover battle for Warrnambool Cheese and Butter, targeting the company's farmer shareholders with a $420 million offer it says will help turn around Australia's de..
US investors have powered the S&P 500 to an all-time high, one day after Washington politicians reached a deal to reopen the government and avert a feared debt default.The S&P 500, the broadest of the..
The Australian sharemarket has lifted after US politicians voted to raise the debt ceiling of the world's biggest economy and reopen the government. But the gains were muted as the market had mostl..
QBE Insurance's outgoing finance chief will stay on for another 12 months after his successor decided to retire. Chief financial officer Neil Drabsch was to retire in February 2014, and be replaced..
Fortescue Metals says it's massive expansion project is all but complete, and the iron ore miner is ready to start paying off its $12 billion debt.The massive debt pile has peaked and the news would a..
The Australian share market has opened nearly half a per cent higher. At 1013 AEDT on Thursday, the benchmark S&P/ASX200 index was up 24.5 points, or 0.46 per cent, at 5,287.4, while the broade..
Embattled Newcrest Mining has given its investors some much-needed good news by beating its own expectations on quarterly gold production and costs.However the positive numbers were offset by the news..
Ten Network is using the clout of its mega-wealthy shareholders to help fund a ratings turnaround, after posting a full year loss of $285 million.Lachlan Murdoch, James Packer and WIN TV owner Bruce G..
Ten Network is using the clout of its mega-wealthy shareholders to help fund a ratings turnaround, after posting a full year loss of $285 million.Lachlan Murdoch, James Packer and WIN TV owner Bruce G..
Australian building products maker Boral is partnering with a US firm to create a $US1.6 billion ($A1.68 billion) plasterboard and ceilings joint venture.Boral has signed a deal with USG, the largest ..
An 11th-hour deal to end the US government shutdown and raise the debt ceiling has sparked a strong rally on Wall Street, with gains of nearly 1.4 percent. The Dow Jones Industrial Average on Wedne..
The share market recovered from opening losses to close slightly higher on cautious optimism US politicians will agree on a temporary deal to raise its debt ceiling. IG market strategist Stan Shamu..
The economic green shoots that boosted Iluka Resources' hopes of a recovering mineral sands market earlier this year have shrivelled. The miner's sales revenue of $147 million in the three months t..
Ferry and tour boat operator SeaLink has sailed through a stellar first day on the share market, adding $28 million to its value.SeaLink Travel Group shares hit the market at $1.10 and immediately ros..
Australia's economy has suffered a significant loss of momentum since the start of the year as its transition away from being a mining investment gets bumpy. The Westpac/Melbourne Institute Leading..
Rating agency Fitch has put the United States on warning for a downgrade after Congress failed to reach a deal on raising the country's debt ceiling. Fitch on Tuesday placed the United States's top..
The Australian sharemarket is slightly higher, as strong demand for resources stocks offsets concerns about the US debt ceiling debate. Invast chief market analyst Peter Esho said a positive produc..
Warrnambool Cheese and Butter (WCB) has urged its shareholders to reject a $370 million takeover proposal from rival Bega Cheese, saying the offer is inferior to an offer from Canadian dairy giant Sap..
