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US stocks rose after Federal Reserve Chairman Ben Bernanke said the Fed's policy on tapering its bond-buying program was not on a "preset course." The Dow Jones Industrial Average added 18.67 (0.12..
The Australian share market has closed slightly lower as investors wait for an update on economic stimulus measures in the US from that country's top central banker. A strong production report from..
Insurance Australia Group says fewer than expected insurance claims in the 2012/13 financial year will improve its financial performance. The owner of the CGU and NRMA brands has increased its guid..
When Launa Inman took the helm of troubled surfwear brand Billabong in May last year, the board hoped her considerable retail experience would stand them in good stead. But as she departs 14 months..
Engineering company Downer has had its blasting services contracts in the mining sector extended for $230 million. Coal miners Yancoal and Sojitz and gold producer Saracen extended its contracts wi..
Wesfarmers says production at its coal mines rose sharply in the June quarter after recovering from the effects of wet weather over the summer. More than 2.8 million tonnes of coal was produced fro..
The horror 18-month period of a weak market for Iluka Resources' mineral sands products could be over after the miner said demand and prices were up. A slowdown in China's property sector amid a cr..
BHP Billiton's shareholders could be in for a cash bonanza after it posted record production in a year in which it slashed billions of dollars in spending. Commodity prices have fallen but are stil..
Investors have cheered a refinancing deal that will keep troubled retailer Billabong solvent, but the company faces a long road back to profitability. Billabong has reached a $US294 million ($A325 ..
Australian shares have closed slightly higher, boosted by gains from resource companies on the back of record production results from mining heavyweight Rio Tinto. Rio on Tuesday, announced it had ..
Rio Tinto boosted iron ore production by six per cent to a record 127.2 million tonnes during the first half of the year. The world's second largest iron ore miner also shipped a record 118.6 milli..
Beleaguered surfwear icon Billabong is expected to announce asset sales and new loans within days as it fights to overcome weak revenues and oversized debt. Billabong shares went into a trading hal..
Analytical testing services group ALS will spend more than $500 million to increase its exposure to the growing oil and gas industries. ALS, previously known as Campbell Brothers, will pay SCF Part..
The world's largest recycler, SIMS Metal Management, has sold its US-based aerospace business, for a loss. SIMS on Tuesday announced it had sold its interest in Metal Management Aerospace, based in..
Encouraging signs for the housing sector have driven a rise in banking shares, which pushed the market to a fifth straight day of gains. The release of China's latest economic growth figure of 7.5 ..
Mortgage business RHG, formerly RAMS Home loans, has accepted a sweetened takeover bid by lender Resimac, trumping a rival bid. On Monday, RHG directors announced they had agreed to accept the late..
China's gross domestic product expanded 7.5 per cent in the April-June quarter, a second consecutive slowdown in growth as worries mount over the health of the world's second-biggest economy. The G..
Sundance Resources is now fighting legal action on three continents over a 2010 plane crash in west Africa which killed the company's entire board of directors. Eleven people were killed when a pla..
Australia's second largest energy retailer AGL Energy is set to remove a rival in Australian Power & Gas (APG) by buying it for $103 million. The offer is a friendly one, with APG recommending ..
The Australian market looks set to open in positive territory after Wall Street edged up to new highs following strong banking earnings that offset a profit warning from UPS and fresh trouble for Boei..
US stocks edged higher to new highs on Friday after strong banking earnings helped offset a profit warning from UPS and fresh trouble for Boeing's Dreamliner aircraft. The Dow Jones Industrial Aver..
US stocks have risen slightly a day after hitting all-time highs, with better-than-expected earnings from bank giants JPMorgan Chase and Wells Fargo offset by a UPS profit warning. After opening fl..
Strength in the resources sector has pushed Australian shares higher, although the market lost some ground after China's finance minister lowered expectations for the country's economic growth. The..
A cut in mining investment will leave Australia with a steeper capital expenditure downturn than during the global financial crisis, Standard & Poor's says. Terry Chan, a credit analyst with th..
ANZ's interest rates will be left unchanged for the next month. The bank decided to leave its standard variable mortgage rate at 6.13 per cent at its July rate review meeting, after the Reserve Ban..
