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The Australian share market extended its losses on Wednesday as investors continued to move their money offshore amid concerns about a weak global economy. The ASX closed lower for the 12th day in ..
Papua New Guinea's mining minister says he hopes to be able to sign off soon on the nation's third largest liquefied natural gas (LNG) project. Sydney-based Horizon Oil and Japan-based Osaka Gas in..
Iron ore miner BC Iron is on track to hit its 2014 full production target as the price of iron ore hovers just above $US110 per tonne. The Pilbara-focused player says its joint venture production t..
Supermarket giant Coles has been wrongly labelling its bread as baked in-store, the competition watchdog says. The Australian Competition and Consumer Commission has taken legal action against the ..
The unemployment rate is expected to have risen slightly in May as employment growth takes a backwards step. The Australian Bureau of Statistics (ABS) will release its labour force figures on Thurs..
Consumer confidence bounced in June, but it may be short-lived as concerns about the economic outlook deepen. The Westpac/Melbourne Institute index of consumer sentiment in June rose 4.7 per cent t..
US stocks have bounced sharply higher in opening trade, rebounding from the prior day's sell-off amid market volatility over concerns about central banks' stimulus plans.Five minutes into trading on W..
The Australian share market closed higher as cautious investors searched for higher yielding and defensive stocks. IG market analyst Stan Shamu said uncertainty was driving the market, with mixed r..
Toyota insists it will stay in Australia after posting a $149 million profit, making it the only local car maker to be in the black. Max Yasuda, Toyota Australia's president and chief executive, sa..
Lower interest rates and a falling Australian dollar have failed to cheer businesses, with miners the most pessimistic. Business confidence remained poor in May, with the National Australia Bank's ..
Ramsay Health Care has taken a 90 per cent stake in a private hospital in the French city of Toulouse. Ramsay's managing director Christopher Rex said the acquisition of Clinique de l'Union would h..
Perth's only daily metropolitan newspaper The West Australian will slash 40 jobs as it undertakes a major restructure under new leadership.At least 33 journalist and seven clerical positions will be a..
Weak housing finance figures appear to confirm that consumers are still nervous about taking on new debt, preferring instead to pay down existing debt.The number of home loans approved in April rose 0..
US stocks have finished the day mixed after Standard & Poor's raised its outlook for the US debt rating and lacklustre economic data out of China. The Dow Jones Industrial Average on Monday dro..
China's auto sales growth decelerated further in May amid signs of weakness in its economic recovery, with Japanese automakers suffering more declines, an industry group reported Sunday. Sales grow..
The Australian share market is set to open lower on Tuesday after a lacklustre session on Wall Street. At 0708 AEST on Tuesday, the June share price index futures contract was down 17 points at 4,7..
US stocks have jumped 1.3 per cent as investors took a report of continuing modest gains in job creation in May to suggest that the Federal Reserve will not reel in its stimulus in the short run. T..
Leighton has been taken off negative credit watch following the internal board turmoil in March that prompted ratings agency action.Standard & Poor's affirmed the construction giant's BBB-/A-3 credit ..
Australian shares closed lower as cautious investors sold resources stocks ahead of the release of key economic data in the US and China.Options Xpress market analyst Ben LeBrun said only some defensi..
BHP Billiton's new boss says the world will not run out of resources despite the mass consumption of a rapidly growing and industrialising planet.In fact, BHP's own projects could supply the world for..
A bank boss has jokingly suggested the Reserve Bank may align its next interest rate cut with the election campaign.Bank of Queensland chief executive Stuart Grimshaw was asked why he thought the cent..
Apparently Australia went through a short, but very nasty recession in 2000, while Peter Costello was Treasurer. At least it did by the yardstick that's currently being used to claim Western Austra..
Rare earths miner Lynas is cutting costs in response to further falls in the price of its commodities. The company recently began production at its refinery in Malaysia but, on Friday, said the pla..
Australia's construction sector has now spent three full years in decline, and there are few signs the beleaguered industry's fortunes will change any time soon. The Australian Industry Group/Housi..
Newcrest Mining will slash around 100 jobs and close its Brisbane office due to a recent gold price rout.Over the past 24 hours more than $780 million has been wiped off the value of Newcrest's shares..
