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Atlas Iron plans to make a decision on building a new mine by the end of the financial year after reiterating its overall production guidance. Shares in the emerging Pilbara iron ore miner fell 4.5..
Home building approvals had a big rise in April, a sign that last year's series of Reserve Bank of Australia interest rate cuts are helping the sector. The number of new homes approved for construc..
First, BHP Billiton warned that it was slashing costs due to a weak outlook for the coal market - now it has explained how it is doing it.Closer monitoring of the performance of staff will be central ..
The competition watchdog has given the green light to a potential takeover of agribusiness Elders by its rival Ruralco.Debt-laden Elders has been looking to sell its agricultural products business sin..
Tokyo stocks plunged more than 5 per cent on Thursday as jittery investors dumped shares on the back of a stronger yen and after Wall Street fell on concerns over global growth.The benchmark Nikkei 22..
US stocks closed lower amid concerns about global economic growth and the US Federal Reserve's plans for unwinding its aggressive stimulus program.At the closing bell, the Dow Jones Industrial Average..
BHP Billiton is set to sell more mines and has all but ruled out an expansion of its struggling coal division.The global resources giant told analysts that its main priority was simplifying and cuttin..
Australian stocks finished flat despite the big miners came back into favour amid weakness in the Australian dollar.Options Xpress market analyst Ben Le Brun said the local market had not followed on ..
Tatts Group is the latest gambling firm to launch legal action against the Victorian government over a levy expected to cost the company more than $42 million.Tatts said it commenced proceedings on We..
Australia's rate of economic growth in the coming months is expected to stay above it's long term average, a private survey shows.A rally on the share market, modest improvement in productivity and a ..
ANZ bank is to spend $425 million buying back some of its shares.The bank said it was comfortable with its capital position and would therefore undertake a share buyback to offset the dilutive impact ..
Westfield Group chairman and Australia's second-richest person Frank Lowy has defended his right to receive directors' fees.Mr Lowy also hit back at criticism the shopping centre operator's top execut..
The construction sector took another hit in the first three months of 2013, even with interest rates close to record lows.The amount of construction work done fell two per cent in the March quarter, f..
Programmed Maintenance Services has reaped a $32.1 million profit as its competitors struggle.Mining services companies such as UGL, WorleyParsons and Transfield have all downgraded their earnings rec..
News Corp has unveiled a friendlier-looking logo for the publishing division as it prepares to split the struggling newspaper and book unit from its TV and movie business by the end of June.The unveil..
The Dow has closed at a new all-time high after strong gains in US home prices and consumer confidence boosted stocks.The Dow Jones Industrial Average was up 106.29 (0.69 per cent) at 15,409.39, a new..
Australian shares finished slightly higher on Tuesday, stemming the market's five-day run of losses. Investors largely sat on the sidelines after the US and UK markets were closed overnight, offeri..
The Bank of Queensland has appointed former Citigroup managing director Roger Davis as its chairman. The appointment of 59-year-old Mr Davis follows the retirement of BoQ chairman Neil Summerson wh..
Shares in taxi payments company Cabcharge have tanked after the Victorian government said it would order it to slash fees on card payments by half. The share price fall came after Victorian Premier..
The New Zealand dollar was little changed in local trading as investors compose themselves after a 5.4 per cent slide against the greenback on improving prospects for the US economy. The kiwi trade..
Australia would miss out on a once-in-a-generation liquefied natural gas (LNG) boom unless it reduced costs by up to 30 per cent, says a new report. Where once Australia rode on the sheep's and man..
Property owner and manager GPT Group has dropped its $3 billion bid for Australand's commercial and industrial assets. After launching a bid in December last year and recently completing due dilige..
Oil and gas major Chevron says its Gorgon and Wheatstone projects have injected $30 billion into the local economy and created 14,000 jobs.Chevron Australia managing director Roy Krzywosinski said the..
Virgin Australia is another step closer to taking control of Tiger Airways Australia after gaining approval from the Foreign Investment Review Board (FIRB). The FIRB has no objections to Virgin's p..
Coal miner New Hope Corporation's production dropped in the three months to April as it dealt with excess coal stocks and weak market conditions. The company produces thermal coal from open cut min..
