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Australian stocks have opened slightly higher following positive leads from European markets. CMC chief market analyst Ric Spooner said the market had taken its cue from official figures which show..
AMP Capital and China's biggest insurer China Life will establish a new funds management company in China with the hope of handling some of the $800 billion on offer.AMP will hold a 15 per cent stake ..
The Australian stock market has closed one per cent higher due to stronger than expected Chinese manufacturing data.Official manufacturing numbers number released over the weekend and figures from HSB..
The latest round of figures tell a familiar story - the economy's growing, but not quite as fast as we'd all prefer. We haven't yet seen the full picture for the June quarter. That will come on ..
Mining giant Rio Tinto has loaded the first shipment of iron ore from its expanded Pilbara operations in Western Australia. Rio says the milestone begins the commissioning of its expanded port, rai..
Company profits were weaker than expected in the June quarter but they shouldn't be a drag on economic growth figures due out on Wednesday. June quarter business indicators data showed an 0.8 per c..
Billabong shares have surged after an American shareholder group called for a spill of the embattled surfwear company's board.The company on Monday morning said New York-based hedge fund Coastal Capit..
The rate of inflation slowed to a crawl in August, leaving the door open for the central bank to stimulate the economy if need be. The TD Securities/Melbourne Institute Monthly Inflation Gauge was ..
The Australian share market has opened higher as manufacturing figures out of China lift investor sentiment. IG market strategist Stan Shamu said the local market had opened positively on the data...
The Commonwealth Bank's head of institutional banking and markets, Ian Saines, will leave the company at the end of the year. Mr Saines has been with CBA since 2004 and has been group executive, in..
August was tough on the stock market. Now, investors face an even scarier September. Disappointing news on consumer spending helped pull stocks lower on Friday in a quiet end to the market's worst ..
US stocks closed out a mostly downcast week on a sour note following fresh indications the Obama administration plans military action against Syria.At the closing bell, the Dow Jones Industrial Averag..
The Australian share market is higher as investor caution caused by possible military action against Syria eased. Shares were buoyed by a strong lead from Wall Street, which was boosted by better t..
Farming chemicals supplier Nufarm has been fined $300,000 after a worker died at one of its Melbourne facilities. Steve Turnbull died in May 2011 after being exposed to a toxic chemical used to mak..
The Australian market is higher amid subdued activity as weary investors await news on whether the West will launch military action against Syria. The All Ordinaries was 0.3 per cent higher in midd..
The Australian dollar is weaker as uncertainty over military action against Syria weighs on market confidence. At 1200 AEST on Friday, the local unit was trading at 89.43 US cents, down from 89.58 ..
An Indian building company owned by construction giant Leighton has won a $246 million contract to build a luxury apartment building south of New Delhi. Leighton Welspun Contractors is part of the ..
Ship building and maintenance company Austal has more than tripled its annual profit due partly to its growing work with the United States Navy.Austal made a net profit of $35.9 million in the 2012/13..
After years of sales and profit declines in his Harvey Norman retail chain, Gerry Harvey finally has a reason to smile.Sales in Harvey Norman stores have lifted in the past six months and Mr Harvey, t..
The global airlines that own more than half of Virgin Australia have lent the company $90 million as it fell to a $98.1 million full year loss.The move by the companies to become Virgin's lenders has ..
US stocks have opened slightly lower on weak US spending and income data ahead of a big US holiday weekend.Five minutes into trade, the Dow Jones Industrial Average dropped 22.85 (0.15 per cent) to 14..
The Australian share market has finished higher, but activity remains overshadowed by concerns about the Syrian conflict. The S&P ASX 200 was 0.1 per cent higher when trade ended on Thursday af..
Wealth manager Perpetual's aggressive cost cutting, and a stronger share market, have contributed to a strong rise in its full year profit. Perpetual made a profit of $61 million in the 2012/13 fin..
The Australian dollar has bounced off its three week lows as currency traders go bargain hunting. At 1200 AEST on Thursday, the local unit was trading at 89.54 US cents, up from 89.14 cents on Wedn..
Tourism Holdings, which merged its campervan rental business with two rivals last year, has posted an annual profit at the lower end of its forecast range as weak demand in Australia weighs on earning..
