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Billabong will look to offload assets and cut costs to deal with debt after yet another takeover bid for the troubled retailer collapsed.Confirmation two private equity groups had walked away from tak..
US stocks are up in opening trade, rebounding from steep losses on Friday as markets awaited key PMI manufacturing data for May. Five minutes into trade on Monday, the Dow Jones Industrial Average ..
The mining and resources sector have reminded us that they are still the big guns of the Australian economy, pushing company profits to an 18-month high in the March quarter. Company gross operatin..
Retail spending is a little stronger than it was a year ago, but consumers are still cautious and are likely to remain that way for the near future. Retail spending was up 0.2 per cent in April, se..
The latest batch of figures seems to confirm that the economy grew in the early months of this year, but only at a plodding pace unlikely to add any pep to the jobs market. Over the long haul, the ..
Australian stocks finished lower as investors sold off mining stocks due to weaker commodity prices. IG markets analyst Evan Lucas said the major miners suffered as the price of iron ore continued ..
Telstra says it currently faces no financial risks from people being potentially exposed to asbestos in its pits and pipes. Concerns about asbestos were raised last week after the hazardous fibre w..
Australian shares have opened half a percentage point weaker as falling commodity prices hit mining stocks, and banking shares rally. The local market has followed Wall Street lower, where the Dow ..
Australia's manufacturing sector contracted for the 23rd consecutive month in May, though there are some positive signs for the industry. According to the Australian Industry Group's Performance of..
Cochlear has lost nearly a fifth of its market value after the hearing-implant maker flagged weakness in its key US market and slowing growth ahead of a new product launch.Cochlear, which dominates th..
More than half of Australian businesses are not confident they can take advantage of high speed broadband, a survey shows. An Australian Industry Group (Ai Group) report based on a survey of nearly..
The Australian share market is set to open significantly lower after heavy falls on Wall Street on Friday night. But encouraging manufacturing data out of China on the weekend could provide a boost..
US stocks tumbled, accelerating their losses after a flurry of mixed indicators sparked volatile trade in the last session of the month. The Dow Jones Industrial Average shed 208.96 points (1.36 pe..
Australian stocks have closed flat, with a strong day from the major miners offset by weakness among the banks. The local market took its cues from a positive finish on Wall Street, opening up abou..
Personal wealth growth in Australia has outpaced Europe and the United States - but it lags behind Asia. The high exposure of superannuation funds to the share market was a major factor in climbing..
Borrowers are unlikely to get another interest rate cut on Tuesday, partly because the central bank governor is getting his wish - a falling Australian dollar. All but one of the 13 economists surv..
Credit continued to grow in April but still at the same plodding, non-threatening pace as the past few years, figures from the Reserve Bank of Australia show. The stop-start series of interest rate..
Elders has slumped to a hefty first half loss after poor weather and depressed livestock markets affected its agribusiness bottom line. The company posted a net loss of $303.2 million for the six m..
Origin Energy chief executive Grant King thinks difficult times for Australia's coal industry could continue as the US boosts coal exports in the years ahead.Mr King says the rising use of gas in the ..
US stocks have forged higher as weaker-than-expected economic news fuelled hopes the Federal Reserve will continue to keep its foot on the stimulus pedal. The Dow Jones Industrial Average on Thursd..
Queensland households will pay an extra $268 a year for electricity from July 1 - the most significant increase since 2009.The Queensland Competition Authority (QCA) announced the higher than expected..
Australian stocks closed at their lowest level for six weeks, dragged down by a dive in the iron ore price that hit the miners. It wasn't the only bad news around, with the Organisation for Economi..
Wesfarmers chief executive Richard Goyder believes intervening to save failing companies stifles innovation and discourages creativity. Mr Goyder says it is inappropriate for regulations to protect..
BC Iron says its Nullagine joint venture is now producing six million tonnes of iron ore per year in line with guidance. The Pilbara iron ore miner said the joint venture with Fortescue Metals Grou..
The baton hasn't actually fallen to the ground yet, but the handover from mining to the rest of the economy is not going at all smoothly. The latest capital spending and building approvals figures ..
