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DuluxGroup has stopped supplying its premium paint and woodcare products from Masters and Danks corporate stores to work more closely with other partners.The decision was in response to US-owned paint..
Perth has an opportunity to become the best oil and gas technology centre in Asia by modelling itself on major hubs in Scotland and Norway. Some of the world's biggest oil and gas companies continu..
Panicky investors have dumped shares on the Tokyo market, sending the main index plunging more than seven per cent on weak Chinese data after months of sharp climbs. The Nikkei 225 index on Thursda..
James Hardie expects no major improvement in the housing market this year but says the sector has now stabilised after recent interest rate cuts.Chief executive Louis Gries says the building products ..
US stocks have opened slightly higher as the market looked ahead to congressional testimony by Federal Reserve Chairman Ben Bernanke.Five minutes into trade on Wednesday, the Dow Jones Industrial Aver..
Australian stocks closed lower for a second consecutive day, dragged down by the banks and a surprisingly poor consumer sentiment report. The big four banks were trading positively until the releas..
Iluka Resources says lower prices for its mineral sands will cause a fall in earnings in 2013. But prices have stabilised and demand is increasing, the company's managing director, David Robb, told..
Cement and lime manufacturer Adelaide Brighton expects net profit in 2013 to be flat or slightly below 2012 levels due to the effects of weak demand and the carbon tax. "2013 full-year net profit a..
A mining giant is refusing to hire local workers for its two new central Queensland coal mines, a union claims. BHP Billiton Mitsubishi Alliance (BMA) announced earlier this year that 1000 fly-in, ..
Myer boss Bernie Brookes says he's a fan of the falling Australian dollar as it will have more benefits for the department store than downsides.After spending most of the past two years trading above ..
More Australians were feeling bad about the economy in the week the federal budget was released. The Westpac/Melbourne Institute index of consumer sentiment in May fell below 100 points indicating ..
Nathan Tinkler faces having his assets and those of his wife and family frozen after liquidators applied for a court injunction.Liquidators Ferrier Hodgson, acting on behalf of creditors of the one-ti..
US stocks have closed higher after a strong earnings report from Home Depot and as the market anticipates Wednesday's testimony in Congress by Federal Reserve Chairman Ben Bernanke. The Dow Jones I..
Myer's sales have grown slightly but boss Bernie Brookes still remains cautious about the future of Australian retailers.For the first time since the global financial crisis, Myer posted four consecut..
The Australian market has closed around half a per cent lower, dragged down by weakness among the banks and industrial stocks. CMC Markets trader Ben Taylor said the local market finished in negati..
Hot and dry conditions have burned agribusiness Ruralco's earnings, sparking a half-year loss only a year after it yielded a $10 million profit. Managing director John Maher said warmer weather had..
Drilling services company Boart Longyear says its earnings will fall in 2013 because mining companies are scaling back on exploration. "The downturn in capital and exploration spending in the minin..
The central bank has given no clues whether more reductions are on the cards after low inflation allowed it to cut the cash rate to a record low at its May board meeting. The Reserve Bank of Austra..
The outlook for Australia's major trading partners is good, with economic growth for most expected to pick up in 2014, the Reserve Bank of Australia says. The minutes of the RBA's May board meeting..
The number of New Zealanders heading for a better life across the Tasman slowed to its lowest monthly pace in almost three years, as local economic prospects start overshadowing Australia's. Season..
Yahoo is buying online blogging forum Tumblr for $US1.1 billion ($A1.13 billion) as chief executive Marissa Mayer tries to rejuvenate an internet icon that has fallen behind the times. The deal, an..
Incoming Seven West Media boss Tim Worner has pledged to focus on producing quality content while cutting costs.Mr Worner will from July 1 replace Don Voelte as chief executive of the diversified medi..
US stocks have slipped despite a flurry of merger and acquisition news this week. Investors are also looking ahead to Federal Reserve Chairman Ben Bernanke's testimony to Congress this week. Yah..
Shares in Santos closed 1.6 per cent higher after the company said oil production started ahead of schedule at its $490 million Fletcher Finucane project off the West Australian coast. Santos expec..
Two-thirds of consumers are feeling worse off because of the federal budget, with many planning to cut their spending despite the latest interest rate cut. A 0.5 percentage point increase in the Me..
