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Australia's energy players are looking at offshore gas processing to ensure resources such as the Browse and Scarborough fields are exploited in the near future. BHP Billiton, which sold its 10 per..
Shopping centre developer Westfield Group will sell a 49.9 per cent stake in six shopping malls in Florida to O'Connor Capital Partners for $US700 million. The gross value of the six malls is $US1...
Paint maker DuluxGroup may save twice as much as originally expected from its takeover of building products and garage door supplier Alesco. DuluxGroup acquired Alesco in December 2012. DuluxGro..
The Australian market edged higher at noon led by the four major banks as investors continued to chase high yielding stocks. RBS Morgans Brisbane private client adviser Craig Walker said the Austra..
The Australian share market has opened higher as investors await the outcome of talks over Cyprus's debt bailout. CMC Markets chief market analyst Ric Spooner said the Australian market had a firm ..
Leighton has elevated Bob Humphris to chairman as the construction giant seeks to quickly put the sudden resignations of three directors behind it.Mr Humphris, who has a 50-year career in construction..
Funtastic is pinning its hopes on a slushy cup as the toy distributor shrugged off tough trading conditions to deliver a 68 per cent leap in first half profit.The company says the launch of Chill Fact..
The Australian market looks set to open higher after Wall Street closed the week 90 points up. The Dow Jones Industrial Average finished up 90.54 points (0.63 per cent) at 14,512.03 on Friday. T..
US stocks have closed firmly higher amid hopes that the Cyprus banking crisis will be resolved this weekend. The Dow Jones Industrial Average finished up 90.54 points (0.63 per cent) at 14,512.03 o..
A major shake-up of the board at construction giant Leighton Holdings has been a long-time coming amid pressure from its major shareholder Hochtief, analysts say. Chairman Stephen Johns and non-exe..
Stocks to watch on the Australian stock exchange at close on Friday: BBG - BILLABONG INTERNATIONAL LTD - up 5.5 cents, or 7.91 per cent, at 75.0 cents Shares in Billabong have leapt by more than..
Animal feed provider Ridley Corporation says problems in the dairy industry, and other factors, are hurting its business. "Ridley advises that a number of external factors are currently having a de..
Australian shares closed slightly higher after solid gains for the major banks offset weak overseas leads. CMC Markets senior trader Tim Waterer said Australian shares staged a recovery from a nega..
The Australian share market is trading higher at noon, boosted by the big banks. Although the Cyprus bailout saga was casting a shadow over the market, IG Markets market strategist Evan Lucas said ..
Loss-making Whitehaven Coal is laying off 40 workers in NSW as it cuts costs to deal with lower coal prices. News of the cuts sent the company's shares to a near four-year low, further cheapening N..
Billabong shares have staged a partial recovery after the troubled retailer reassured investors it was still in takeover talks with two potential suitors. Billabong shares plunged more than 20 per ..
Big music labels, steep freight costs and import taxes are being blamed for the higher prices Australians pay for everything from software to songs. Global technology giants Apple, Microsoft and Ad..
US stocks have closed lower on uncertainty over the Cyprus banking crisis and some surprisingly weak corporate earnings. The Dow Jones Industrial Average lost 90.24 points (0.62 per cent) on Thursd..
Bank lending rates have moved in line with funding costs over the past year, a Reserve Bank of Australia report says. The conclusion isn't likely to lay to rest persistent concerns the banks aren't..
Credit union CUA predicts it will have $10 billion in assets under management by the end of the financial year as its revenue streams grow. The total number of new loans settled in the first half i..
Gaming machine supplier Aristocrat Leisure says it has been too slow in getting into some parts of the gaming market, such as US-style "entertainment" games. Aristocrat chief executive Jamie Odell ..
The Australian share market has closed lower after being buffeted by speculation over the Labor leadership.Key market indicators dipped slightly after Labor stalwart Simon Crean called for a leadershi..
Billabong says it notes a media report that the troubled surfwear retailer's equity value could be worthless if its pre-tax earnings guidance falls to around $50 million in the 2015 financial year.It ..
The Australian share market has opened nearly a quarter of a per cent higher. At 1010 AEDT on Thursday, the benchmark S&P/ASX200 index was up 11.7 points, or 0.23 per cent, at 4,979.0, while th..
The retailer behind fashion chains Just Jeans and Portmans has accused the government of dragging Australia back to the 1950s with its push to protect workers' penalty rates.Prime Minister Julia Gilla..
