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Australian stocks posted their biggest one-day loss in almost eight weeks to close moderately weaker. The resources sector was the worst hit on a day of broad-based declines, as commodity prices fe..
The Australian dollar is a third of a US cent lower as rising expectations of an interest rate cut in November put pressure on the currency. At 1700 AEDT on Monday, the currency was trading at 103...
Australian superannuation funds have returned to their pre-global financial crisis (GFC) performance levels of 2007, a report says. A report by SuperRatings, a financial services research company, ..
Economists fear the Gillard government may struggle to achieve its latest budget surplus forecast but its efforts to find savings could help push interest rates lower. Treasurer Wayne Swan on Monda..
GrainCorp shares soared by more than 40 per cent after US-based food processing giant Archer Daniels Midland Company (ADM) proposed a $2.68 billion takeover of the Australian grains marketer. Grain..
Winemaker Treasury Wines Estates (TWE) says price increases, the release of more luxury wines and more promotional activities will help lift earnings in the second half of the financial year. TWE's..
Gloves and condom maker Ansell is confident of overcoming a sales slowdown and meeting its forecast for earnings growth this financial year. Chief executive Magnus Nicolin told shareholders at Anse..
ANZ remains in bottom place among the big four banks for customer satisfaction among business clients, 10 months after provoking outrage by shifting the timing of its monthly interest rate decision. ..
US markets have sunk with the Nasdaq pulled down more than two per cent by a tech stock rout led by Apple and Microsoft as a raft of disappointing earnings and trimmed forecasts spooked investors. ..
The Australian share market closed slightly stronger at a fresh 15-month high, ahead of a summit of EU leaders this weekend. At the close of trade on Friday, the benchmark S&P/ASX200 index was ..
Oil and gas company Santos has begun production at Australia's first commercial shale gas well in the Cooper Basin. On Friday the company began natural gas production from its Moomba-191 shale well..
A large United States-based agribusinesses has requested talks with Australian grains trader and maltster GrainCorp over a "potential transaction", prompting speculation that GrainCorp is now a takeov..
National Australia Bank has warned of a slowing economy and flagged weaker than expected full year earnings, causing a sell-off of shares in all four major banks. NAB surprised the market by increa..
Australian bond futures prices have bounced higher as investors take advantage of the recent sell-off. Deutsche Bank fixed income strategist David Plank said local bond futures rallied on Friday, d..
QR National is looking for a new chief financial (CFO) officer after the resignation of Deb O'Toole. The rail freight operator on Friday said Ms O'Toole had decided to step down and would leave the..
AGL Energy Ltd says lower demand for electricity is behind its decision to suspend development of the first stage of a gas-fired power station in NSW. In a statement to the Australian Securities Ex..
Car sellers will be squeezed for choice if Carsales.com's proposed deal with TradingPost goes ahead, the competition regulator has warned. Australian Competition and Consumer Commission (ACCC) chai..
Stocks to watch on the Australian stock exchange on Friday, October 19 AGO - ATLAS IRON LTD - up eight cents at $1.58 Iron ore producer Atlas Iron has lifted its shipping targets and plans to ex..
A roundup of trading on major world markets: NEW YORK - Google's shares plunged after a surprise drop in earnings in a prematurely released quarterly report, but while the Nasdaq sank the Dow avoid..
Australian stocks have closed firmer as good news from home and abroad lifted the market to near 15-month highs. The benchmark S&P/ASX200 index closed up 31.2 points, or 0.69 per cent, at 4,559..
Oil and gas company Santos is riding high on increases in the gas price, setting new records for both its quarterly and annual sales. Santos said sales revenue of $851 million for the September qua..
Bank of Queensland's new management is confident an overhaul of its lending practices will prevent a repeat of its $17 million full year loss - the first posted by a local bank in two decades. The ..
Qantas will spend $30 million upgrading its Brisbane heavy maintenance facility and hire up to 30 new apprentices in the Queensland capital. The move suggests Brisbane is the favourite to emerge as..
Food and drink giant Nestle SA has posted an 11 per cent increase in sales of dozens of its household name brand products for the first nine months of 2012. The Vevey, Switzerland-based company say..
Woolworths chairman James Strong has urged shareholders to vote against a resolution to restrict the supermarket giant operating poker machines in hotels. More than 200 Woolworths shareholders, led..
