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Engineering giant WorleyParsons will provide management services to a multi-billion dollar US gas project. The Australian-based company has secured a contract with the energy group Sasol to provide..
The housing market is on the road to recovery as record-low interest rates encourage people to buy their own homes. Mortgage numbers rose by 1.8 per cent in May, the month the Reserve Bank of Austr..
Stocks to watch on the Australian stock exchange on Friday, July 12: ARI - ARRIUM - up 4.5 cents, or 5.5 per cent, at 87 cents The plunging value of the Australian dollar is great news for Arriu..
The Dow Jones Industrial Average and S&P 500 have vaulted to new records, after Federal Reserve chairman Ben Bernanke pledged to maintain the Fed's easy-money policy for the foreseeable future. ..
Australian stocks shot up by 1.3 per cent, with investors cheering comments out of the US that money would continue to be pumped into the world's largest economy. Shares in Australia soared on US F..
Australia's unemployment rate has risen to its highest point in almost four years and economists predict conditions will get worse for jobseekers. The unemployment rate rose to 5.7 per cent in June..
US stocks ended mixed on Wednesday after the minutes of the Federal Reserve's last policy meeting suggested it could end its QE stimulus program by the end of the year. The Dow Jones Industrial Ave..
United States Federal Reserve chairman Ben Bernanke says the Fed's easy-money policy is still necessary, because the jobs market remains weak and inflation remains too low for comfort. Speaking in ..
Australian shares have closed higher despite slipping in afternoon trade due to concerns about a slowdown in China. Data from China showed exports unexpectedly fell 3.1 per cents, while imports fel..
Mortgage business Pepper has launched a late takeover bid for RHG, formerly RAMS Home Loans, just two days after lender Resimac reached a deal to buy the company. Pepper has put an offer to the RHG..
Consumer confidence has improved, but remains weaker than it was at the beginning of the year. The Westpac/Melbourne Institute index of consumer sentiment in July has fallen slightly to 102.1, from..
China's trade surplus fell 14.0 per cent in June as imports and exports both dropped unexpectedly, suggesting a further slowdown in the Asian economic giant as Beijing warned of "grave challenges". ..
Virgin Australia's trans-Tasman alliance with Air New Zealand is set to continue after the consumer watchdog said it intended to re-authorise the partnership. The Australian Competition and Consume..
Stocks to watch on the Australian stock exchange on Wednesday, July 10: AWC - ALUMINA - up 3.0 cents, or 3.0 per cent, at $1.03 Shares in Australia's Alumina have posted strong gains despite its..
US stocks have closed solidly higher for the fourth straight day as investors ignored the International Monetary Fund's lowered growth forecasts for the US and global economies. The Dow Jones Indus..
Toll road owner Transurban says it recorded solid traffic growth on its Sydney and Melbourne assets during the June quarter. The company says its revenue for the quarter was up 6.8 per cent to $207..
Australian shares shot up in what market watchers hope is a sign investors are over their jitters caused by the US flagging a cut to its stimulus program. The market rose about 1.5 per cent, and ha..
Global miner Rio Tinto has started shipping copper concentrate from its Oyu Tolgoi gold and copper mine in Mongolia. Rio Tinto said it had brought the mine into production as the outlook for copper..
Industrial real estate investment trust Goodman Group has raised $775 million of new equity through its European operations. The latest equity raising completed a process which attracted total dema..
Shares in Australia's Alumina have posted strong gains despite its giant aluminium producing partner Alcoa posting a large quarterly loss. Alumina shares added three cents, or three per cent, to $1..
Strong demand for lightweight aluminium in cars and aeroplanes is helping Alcoa Inc cope with lingering weak metal prices. The US-headquartered company reported a second-quarter loss of $US119 mill..
Telstra plans to shift 170 jobs in its fast-growing cloud services division to India and cut a further 90 contract roles, saying the cuts are a strategic move in growing its business in Asia. The t..
The Australian economy is stuck in a rut, with business conditions tumbling to their lowest level in four years despite low interest rates and a falling Australian dollar. Business conditions in Ju..
US stocks have ended higher as investors look forward to the kickoff of earnings season. The Dow Jones Industrial Average rose 88.85 (0.59 per cent) to 15,224.69. The broad-based S&P 500 inc..
Australian shares have finished lower as weaker commodities prices and the prospect of higher unemployment weighed on investors. RBS Morgans client adviser Bill Chatterton said the big miners and b..
