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Heavy machinery dealer WesTrac is cutting 350 jobs as part of a restructure.The company provides Caterpillar machinery such as bulldozers and trucks to miners and builders.It is a division of Seven Gr..
Kingsgate Consolidated shares have slumped after the gold miner announced job cuts and a $300 million impairment charge caused by weak gold prices.Kingsgate said it would reduce staff as it undertakes..
Tokyo stocks have jumped 3.51 per cent as Japan's premier bourse got a boost from a weaker yen and following comments from US Federal Reserve officials aimed at soothing concerns over its stimulus pro..
Caltex shares have hit six month lows after the oil refiner and distributor blamed the falling dollar and a pipeline outage for a predicted cut to first half profit.Caltex has forecast a net profit of..
The Australian dollar is lower following a fall in precious metal prices and mixed economic data showing the US is growing at a moderate pace. At 0700 AEST on Friday, the local unit was trading at ..
US stocks fell in opening trade on Friday after a three-day rally, with shares of Blackberry leading the way as the struggling phone maker reported a surprise quarterly loss.Five minutes into trade, t..
Australian shares have closed significantly higher for a second straight day as investors grew more confident about China's financial system. A positive lead from Wall Street also helped local shar..
The nation's peak financial industry body has asked newly installed Treasurer Chris Bowen to delay key reforms to superannuation and financial advice laws for a year. Financial Services Council (FS..
Former billionaire Nathan Tinkler has paid a $12 million bill to coal explorer Blackwood allowing him to avoid moves to freeze his assets. Blackwood released a statement on Thursday saying that Mr ..
Elders has appointed a new chairman tasked with restoring the 174-year company into purely a rural services player. Mark Allison, an Elders board member since November 2009, was elected to the post..
The number of job vacancies in Australia fell by 7.3 per cent, official statistics show. The total number of vacancies in May 2013 was 138,900, in seasonally-adjusted terms, compared with 149,800 i..
Engineering firm Downer EDI and consortium partner GE Australia have won a contract to build stage one of the $350 million Boco Rock Wind Farm in NSW Snowy Mountains. When all stages are completed,..
The competition regulator says it won't oppose the $3 billion-plus takeover of Australia's largest grain-handler GrainCorp by American food giant Archer Daniels Midland.Australian Competition and Cons..
Transport and logistics group Toll Holdings has warned it will cut jobs due to the poor performance of its global freight services business.The comments came as the company announced a $200 million wr..
US stocks have surged after investors took a positive view of reduced growth estimates. The Dow Jones Industrial Average jumped 149.83 (1.02 per cent) to 14,910.14. The broad-based S&P 500 r..
The Australian share market made strong gains on Wednesday as investors piled back into resources and banking stocks. The local market opened strongly on the back of strong US economic data which b..
An alliance of telecommunications companies has demanded the federal government and competition watchdog review Telstra's sector dominance to boost competition in the phone and internet market. The..
Rupert Murdoch's News Limited will be no more from next week - in name anyway. The newspaper business will be re-named News Corp Australia on July 1 as Mr Murdoch's global media empire News Corp sp..
Investors in Tokyo have welcomed news that shareholders in US mobile carrier Sprint had approved a $US21.6 billion ($A23.46 billion) takeover by SoftBank, paving the way for the biggest-ever overseas ..
The world's largest gold mining company Barrick has slashed 65 jobs in Western Australia due to increasing costs and a weaker gold price. Barrick said 32 positions at its Perth office had been made..
Paladin Energy shares fell by nearly seven per cent after it delayed until August a deal to sell a stake in an African uranium mine. A deal with two nuclear parties for a minority equity position i..
Aquila Resources has delayed construction of its Eagle Downs coal project in Queensland due to weak coal prices.The minerals explorer on Wednesday said its joint venture project in the Bowen Basin wou..
Telstra has bought a $US18.3 million ($A19.87 million) stake in US mobile app company Kony Solutions. The strategic investment, by the Telstra Ventures investment arm, will also allow Telstra to of..
Consumer confidence in the United States surged to a five-year high in June, besting analyst expectations by a wide margin, the Conference Board says. Consumer confidence stood at 81.4 in June, up ..
US stocks have closed higher, helped by data showing more strength and confidence in the US economy and as worries eased over a credit crunch in China. The Dow Jones Industrial Average gained 100.7..
