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Hyundai Motor Co. has suffered a fall in third quarter profit versus the previous quarter after strikes dented vehicle production. South Korea's largest car maker said on Thursday net profit fell 1..
Whitehaven Coal has announced that it will close its Sunnyside mine indefinitely due to weak coal prices. The mine, near Gunnedah in north-eastern NSW, currently employs 14 Whitehaven workers and 2..
Small and medium businesses are in for more economic pain, which could worsen if the Australian dollar rises again, ANZ boss Mike Smith warns. The bleak assessment for the year ahead came despite a..
James Packer's Crown says its plan for a luxury Sydney hotel and casino has taken a big step forward after passing the first stage of the NSW government approval process. Crown's proposal for a $1 ..
US stocks have closed lower, unable to hold on to earlier gains amid weak corporate earnings and after the Federal Reserve left policies on hold as expected. The Dow Jones Industrial Average fell 2..
Mining billionaire Gina Rinehart has struck a blow against the Fairfax Media board, voting against the company's executive pay report after a torrid annual general meeting (AGM). And in an extraord..
Australian stocks managed to avoid some of the heavy falls experienced on Wall Street, but the local sharemarket still finished 0.8 per cent lower. At the close of trade on Wednesday, the benchmark..
The packaging of securities on financial markets had a key part to play in the way the global financial crisis spread from the US housing market, the Reserve Bank of Australia (RBA) says. Speaking ..
Southern Cross Media Group says it hopes the worst of the industry wide advertising slump is behind it but is expecting a flat profit result for 2012/13. Shareholders, irate at the radio and televi..
The outgoing chairman of embattled surfwear brand Billabong says the company remains open to takeover offers as it fights to revive its fortunes. Addressing Billabong's annual general meeting for t..
Inflation came in well above expectations in the September quarter, but the case for an interest rate cut next month remains solid. The consumer price index (CPI) rose by 1.4 per cent between the J..
Shares in Fairfax Media have gained as much as nine per cent after its executives reassured shareholders a strategic review would help the troubled media company ride out tough trading conditions. ..
AGL Energy says it has cut marketing and ended some customer discounts in response to the "ill-considered" decisions of state governments to regulate power prices. AGL chief executive Michael Frase..
Ten Network Holdings has received a reduced offer for its outdoor advertising business Eye Corp from its private equity suitor. Ten on Tuesday said Outdoor Media Operations (OMO), which is controll..
Inflation in September quarter is expected to be below the central bank's two to three per cent target band and could prompt a Melbourne Cup day interest rate cut. The Australian Bureau of Statisti..
Stocks to watch on the Australian stock exchange on Wednesday October 24 AGK - AGL ENERGY LTD - down 26 cents at $14.70 AGL Energy says it has cut marketing and ended some customer discounts in ..
Poor earnings and forecasts from major US industrial firms have added to a global markets downturn to send US stocks plummeting, with DuPont losing 9.1 per cent on its earnings plunge. Weak reports..
The Australian share market closed almost unchanged, as investors awaited key manufacturing data from China and more news on company earnings in the United States. At 1615 AEDT on Tuesday, the benc..
Fairfax Media chief executive Greg Hywood says the embattled media group has investigated a breakup of its assets and found the numbers didn't stack up. Mr Hywood said Fairfax management had not "b..
Oz Minerals says it remains on track to meet its full-year guidance despite posting a fall in copper and gold production during the September quarter. The miner's original full-year guidance at its..
Mining magnate Nathan Tinkler and property giant Mirvac are one step closer to reaching a settlement over a failed multi-million-dollar industrial land deal in Newcastle. Mirvac arm Domaine Steel a..
Insurance Australia Group (IAG) says it is on track to achieve its full year financial forecasts after a steady first quarter performance. "Our performance in the first quarter has built on the mom..
Stocks to watch on the Australian stock exchange on Tuesday, October 23: ANN - ANSELL LTD - down 34 cents at $15.82 Gloves and condom maker Ansell is confident of overcoming a sales slowdown and..
A diminished sales forecast by industrial bellwether Caterpillar has clouded stocks, but a last-minute burst of buying pushed the Dow and S&P 500 barely back into the black for the session. The..
The Reserve Bank of Australia (RBA) is introducing industry-wide reporting standards for mortgage-backed securities to boost investor confidence in the market. The new standards, which for the firs..
