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US stocks have swung erratically as the US dollar sank and bond prices rose, but finished higher a day ahead of the government's release of US employment data for May. At the closing bell on Thursd..
New BHP Billiton boss Andrew Mackenzie is confident China's new leadership is re-balancing the economy in such a way that demand for commodities will be sustained in the long term.Mr Mackenzie on Thur..
Australian shares closed more than one per cent lower as investors were swayed by ongoing negative sentiment. It was the tenth fall in 13 sessions. IG market analyst Stan Shamu said the deterior..
The outgoing boss of the world's largest recyling company will be paid $US50,000 a month to work as a part-time consultant with the company. Daniel Dienst will leave Sims Metal Management on June 3..
A record number of Australian companies went bust in April. Some 941 firms were put under administration, marking the highest monthly tally since records were first made public in 1999. Creditor..
Qantas has sold a major stake in its planned Hong Kong budget airline to a company established by billionaire Stanley Ho.Hong Kong-based transport and hospitality company Shun Tak has bought a 33.3 pe..
Orocobre is the Australian miner that is not really a miner, but if all goes well will be producing 10 per cent of the world's lithium in a year. As the big miners stress about iron ore and coal pr..
New York stock exchange-listed VeriFone Systems has spent $NZ70 million ($A59.13 million) to snap up ANZ New Zealand Bank's eftpos terminal leasing unit as part of a bigger push into the local market...
US stocks have shed more than 1.0 per cent following a global rout as weaker-than-expected data on private jobs creation underscored weakness in the US economy. The Dow Jones Industrial Average dro..
Latvia has won a resounding vote of approval from the EU executive to become the 18th eurozone state, although many ordinary Latvians seem fearful of ditching their currency. Commending Riga for su..
Fairfax Media has warned of further revenue falls and promised deeper cost savings as it revealed it will launch metered paywalls on its major metropolitan news websites within a month.Fairfax will in..
The Australian sharemarket closed more than one per cent lower as weak GDP figures prompted investors to dump banking stocks. The local market posted its ninth daily fall in 12 trading days, follow..
Shopping centre owner Federation Centres has sold a half share in six of its properties for $602 million.Fund manager Challenger has taken a 50 per cent ownership in the Bankstown, Roselands and Lenno..
Record low interest rates have done little to get consumers spending again and the services sector is feeling the pain.The Australian Industry Group/Commonwealth Bank Australian Performance of Service..
The head of the International Monetary Fund, Christine Lagarde, has warned the global economy may be slowing more than thought just over a month ago.There are "some glimpses of more sombre trends. Rec..
The economy is just not quite making the grade.That's confirmed by the national accounts from the Australian Bureau of Statistics on Wednesday.Australia's output of good and services - its gross domes..
Australia's economic growth was sluggish in the March quarter, and that pace is likely to continue as the peak in mining investment looms.Gross domestic product (GDP) grew by 0.6 per cent in the first..
Sellers have taken over US stock markets as an expanded trade deficit offered a fresh sign of weakness in US growth.Volatility continued to reign: after an early rise the main indices sank to one-per ..
Australian stocks have rebounded to post modest gains led by the big miners.Bargain-hunters targeted resources companies that had been heavily sold lately, but other sectors including the banks also p..
Australia's balance sheet has received a boost from a solid rise in exports during the first three months of 2013. Figures released by the Australian Bureau of Statistics show the current account d..
The Australian economy benefited from a larger-than-expected rise in exports during the first three months of 2013. The current account deficit narrowed to $8.051 billion in the March quarter, acco..
Public sector spending dropped steeply in the March quarter, Australian Bureau of Statistics (ABS) figures show. The fall came after a sharp rise in the December quarter thanks to the transfer of p..
The central bank has kept the cash rate at the record low of 2.75 per cent at its June board meeting, saying that recent rate cuts are helping the economy.The Reserve Bank of Australia's decision was ..
Network Ten says it plans to make the domestic Big Bash cricket league a major free-to-air TV event. Ten on Tuesday confirmed it had won the right to broadcast the domestic Twenty20 competition for..
Embattled coal entrepreneur Nathan Tinkler has signed an agreement to clear his debt to junior miner Blackwood Corporation but investors seem to have taken a wait-and-see approach on the deal.Blackwoo..
