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The Australian stock market has taken a sharp drop as shares in the big four banks lose ground. The sudden fall in bank shares in late morning trade had come "out of the blue", and dragged the wide..
A subsidiary of construction giant Leighton has been awarded a lead role worth $650 million in the construction of a new rail line in Brisbane's north. Thiess will be part of the Trackstar team bui..
Another cut to interest rates may not help the economy, but it won't hurt it either, the boss of National Australia Bank says.The Reserve Bank of Australia is expected to cut the cash rate to a record..
A key measure of Chinese manufacturing activity sank to an 11-month low in July, British banking giant HSBC says, indicating further weakness in the world's second-largest economy. HSBC said on Thu..
Debt-laden Elders has sold its car interiors business Futuris Automotive to a US private equity firm for $69 million. Proceeds from the sale to Clearlake Capital Group will be used to reduce the co..
Toll road owner Transurban expects upgrade work on its Sydney motorways to lift traffic numbers in the year ahead.Transurban made a net profit of $174.5 million in the 2012/13 financial year, almost t..
The Australian share market has edged higher as investors react to positive news out of China and uncertainty in the United States. The S&P/ASX 200 dropped off in afternoon trade on Wednesday, ..
Australian rare earths miner Lynas has had a troubled history, but has its first pay cheque in its hand after posting a maiden revenue report.Lynas sold 117 tonnes of product out of its newly commissi..
Forty people have been laid off at the aviation arm of construction giant John Holland.John Holland Aviation Services (JHAS) confirmed on Wednesday that it has laid off 40 engineers and technical staf..
Fertiliser and explosives maker Incitec Pivot will split its global operations in two from October.The president of its global manufacturing, Bernard Walsh, is stepping down and leaving the company as..
Credit growth plodded along at a sedate pace in June, figures from the Reserve Bank of Australia show.The amount of credit provided by domestic financial institutions in June was 0.4 per cent higher i..
Australian stocks are higher as the market reacts to heightened expectations of an interest rate cut in August.Reserve Bank of Australia Governor Glenn Stevens on Tuesday hinted the central bank cut c..
Swiss bank UBS has reported strong results for the second quarter in its drive to refocus activities and turn the page on the financial crisis.The bank, which is slimming down after turmoil during the..
The largest solar power project in the Southern Hemisphere will be constructed in NSW, with funding from the state and federal governments and energy company AGL.AGL says it will construct a solar pro..
US stocks have closed mostly flat, except for Nasdaq's solid gain, as investors await the outcome of a Federal Reserve monetary policy meeting.The Dow Jones Industrial Average slipped 1.38 (0.01 per c..
Oil and gas producer Drillsearch has forecast more growth this year after generating a record $99 million in revenue in fiscal 2013 on the back of its new operating oil pipeline in the Cooper Basin.Th..
The Australian share market has closed flat after light and lacklustre trading as hints of a cash rate cut next week by the Reserve Bank failed to spark major moves.The market fell in early trading on..
Higher prices for dairy products and the lower Australian dollar have enabled Warrnambool Cheese and Butter Factory (WCB) to upgrade its profit guidance. The company still expects its annual profit..
The top federal US energy regulator has accused banking giant JP Morgan Chase of manipulating energy prices, according to a "preliminary" document. However, according to a source close to the negot..
Foreign students are once again turning their eyes to Australia, with the number of enrolments at international education provider Navitas increasing by five per cent. New student enrolments in Nav..
Reserve Bank of Australia (RBA) governor Glenn Stevens has stoked expectations of an interest rate cut next week. In speech to economists in Sydney, the nation's top central banker dwelt on the cha..
Australia's top central banker has hinted that interest rates could be cut again in order to boost business confidence.Reserve Bank of Australia governor Glenn Stevens told a business lunch on Tuesday..
Weak building approvals figures and the central bank governor's frustration over persistently poor business confidence have increased expectations of an interest rate cut next week.Approvals for the c..
Retail giant Woolworths is adamant its fuel discounts aren't bad for competition, despite strong criticism from the consumer watchdog.Australian Competition and Consumer Commission boss Rod Sims this ..
US stocks have fallen ahead of a busy week of economic news that includes a Federal Reserve monetary policy meeting and the monthly jobs report. The Dow Jones Industrial Average gave up 36.86 (0.24..
