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The cost of living in Darwin has skyrocketed, with inflation higher than in any other Australian capital city, new figures show. Consumer Price Index figures released by the Australian Bureau of St..
Resource companies have shaken off a slowdown in Chinese manufacturing to help the Australian share market finish firmer. Shares took a short-lived hit in early afternoon trade after HSBC's purchas..
Tokyo shares have closed 0.32 per cent lower after US stocks ended mixed in a market that traders said looked overheated. The benchmark Nikkei 225 index on Wednesday fell 47.23 points to 14,731.28,..
Another day of soaring gold and commodity prices has helped the Australian share market close higher. The local market rose by 0.3 per cent, sending the All Ordinaries index above 5,000 points for ..
Struggling surfwear retailer Billabong has sold another of its brands and completed a $325 million bridge loan in order to pay off looming debts. DaKine, a maker of backpacks, luggage and outerwear..
Explosives and fertiliser maker Incitec Pivot says it will take a $23 million hit as a result of the temporary closure of a Queensland ammonia plant. Incitec Pivot says its ammonia plant at Phospha..
Iron ore miner Fortescue is optimistic Chinese demand for steel will remain strong enough to keep the iron ore price well above $US100 a tonne. Markets have grown increasingly wary about China's fu..
Toy distributor Funtastic has lowered its earnings guidance and expects "tough Australian conditions" in the 2013/14 financial year. The company, which distributes Lego and Disney toys in Australia..
US stocks have opened higher after several leading companies bested earnings estimates and as investors welcomed news that China may enact new economic stimulus policies.Five minutes into trade on Tue..
The Australian share market closed at its highest levels in two months due to strong gains in the mining and energy sectors. The S&P/ASX200 index closed above 5,000 points for the first time si..
A car fleet management company says it has had to lay off a quarter of its staff as a result of federal government changes to tax concessions on company vehicles. Fleetcare, which bills itself as A..
Australia's largest listed investment company has recorded a 10 per cent rise in profit but says caution is needed in the local stock market. Australian Foundation Investment Company (AFIC) made a ..
A shareholders' rights group has taken aim at Billabong's planned recapitalisation deal, arguing competing offers for the surfwear icon should be considered. Billabong last week announced it had re..
BC Iron has reported a record production run at its joint venture Nullagine project it operates with Fortescue. The Nullagine project in Western Australia's Pilbara region shipped 1.6 million wet m..
US stocks ended mixed on Friday after strong earnings from some industrial companies were countered by feeble results from Microsoft and other technology companies. The Dow Jones Industrial Average..
The Australian share market has ended the week with a fall as negative sentiment across Asia prompted a selloff in local resources stocks. The market rose above 5,000 points in early trade, boosted..
Billabong is facing a challenge to its recapitalisation deal with private equity firm Altamont from two US hedge funds seeking to strike their own deal with the troubled surfwear retailer. Billabon..
Shares in explosives and mining industry supplier Orica have tumbled after it said its profit is set to fall by about 10 per cent. The company has blamed global economic conditions and higher than ..
Santos has cut its production forecasts, but higher gas prices have helped boost the energy company's revenue. The company has cut its 2013 production guidance to 52- to 55 million barrels of oil e..
The Dow and the S&P 500 have closed at new record highs on robust corporate earnings reports and the latest reaffirmation of the US Federal Reserve's easy-money policy. The Dow Jones Industrial..
The Australian share market has again nudged above the 5,000 point mark but fell away in afternoon trade to end only slightly higher. Financial and energy stocks were the best performers, with othe..
The longer a home stays on the market, the more heavily it is likely to be discounted, meaning a quick sale is a good sale for the vendor's wallet, research shows. Real estate analysis firm RP Data..
Business confidence has fallen back in the last three months amid fears about a slowdown in the Chinese economy and the tapering of US economic stimulus. The National Australia Bank's latest quarte..
Woolworths is bracing for its home improvement division to lose $139 million as the building sector struggles and wage costs blow out. The retail giant was hoping that Masters Home Improvement woul..
Energy giant Woodside Petroleum suffered a slide in revenue in the second quarter of the year due to a drop in oil prices and lower production. The company also expects its half year earnings to in..
