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New Hope Corporation says it expects coal prices to remain low, as it reports its first half net profit has slumped 67 per cent to $22.7 million. The weaker result was blamed on lower thermal coal ..
Most Australian coal miners have been struggling for two years but New Hope has $1.1 billion in the bank and plans to capitalise by making acquisitions. The Queensland miner was up for sale itself ..
A second straight sell-off of popular technology shares has dragged US stocks lower, as tensions with Russia over Ukraine continue to keep investors on edge. The Dow Jones Industrial Average finish..
Internet provider TPG Telecom has lifted its half year profit by 15 per cent thanks to solid growth in broadband subscribers. TPG made a net profit of $90.1 million in the six months to January 31,..
Premier Retail boss Mark McInnes says international clothing giants heading down under will have trouble getting the right products for the Australian market. With the likes of H&M, Marks and S..
A second straight sell-off of popular technology shares has dragged US stocks lower, as tensions with Russia over Ukraine kept investors on edge. At the closing bell on Monday, the Dow Jones Indust..
Australian bond futures prices are marginally weaker despite more signs Chinese economic growth is slowing down. Chinese manufacturing activity contracted in March to its weakest rate in eight mont..
The share market has overcome early falls and weaker than expected Chinese economic data to post a small gain. The market opened in negative territory following losses on Wall Street on Friday, but..
Shares in Rupert Murdoch's film and television business 21st Century Fox are set to be removed from trading on the Australian market in May. The company, which was created in 2013 when News Corpora..
Santos says natural gas production at its Peluang gas project in Indonesia has begun ahead of schedule and on budget. Peluang, located offshore in East Java, is expected to hit a gross peak product..
Leighton's Middle East subsidiary will be involved in the construction of a $US1.7 billion ($A1.87 billion) highway project in Qatar. Habtoor Leighton Group (HLG), which is 45 per cent owned by Lei..
Miner Iluka Resources has denied any wrongdoing after it became the latest Australian company set to face a class action from disgruntled shareholders. A 24 per cent fall in Iluka's share price on ..
Investment bank Macquarie Group is set to post its largest profit in six years, as financial market conditions continue to improve. One week before its fiscal year ends on March 31, Macquarie said ..
Kathmandu's Australian operations are giving with one hand and taking with the other: sales are growing strongly, but a fall in the dollar is reining in the outdoor goods retailer's profit gains. N..
Cheap funds and signs of US economic strength after a lull kept Wall Street buyers cautiously in action this week, despite the Ukraine crisis and the Fed's interest rates misfire. Trade became more..
The Australian share market has risen on the back of encouraging US economic data. Investors set aside US Federal Reserve Chair Janet Yellen's talk of an earlier-than-expected interest rate hike an..
The share market has closed higher. At the close on Friday, the benchmark S&P/ASX200 index was up 44.1 points, or 0.83 per cent, at 5,338.1, while the broader All Ordinaries index rose 41.3 poi..
Shares in hearing implant maker Cochlear have jumped after US authorities approved the company's latest hearing aid. The US Food and Drug Administration (FDA) has approved the use of the first impl..
Michael Malone has resigned as chief executive of iiNet, more than 20 years after co-founding the internet services provider. Mr Malone, who co-founded the company in a garage in Perth in 1993, ann..
Metcash boss Ian Morrice says the grocery wholesaler can still reach the $15 billion sales target set by his predecessor, after unveiling a major spending program to address declining revenues. The..
US stocks have rebounded from the previous Federal Reserve-sparked losses, as markets turned to favourable US economic data for inspiration. The Dow Jones Industrial Average on Thursday finished up..
The share market has fallen more than one per cent on the prospect of higher interest rates in the US. Local shares opened weaker and lost ground throughout the day after the United States Federal ..
Woodside Petroleum plans to operate its Browse offshore floating LNG project for fifty years, with the first production well due to be drilled in 2017. The Perth-based energy giant says three float..
The Reserve Bank of Australia says lending costs for banks fell slightly more than the cash rate in 2013, which is good news for borrowers. "The cost of deposits fell, while the cost of outstanding..
The number of passengers using Sydney Airport has continued to grow, thanks to Chinese New Year celebrations and more locals travelling abroad. Passenger numbers in February were up 2.5 per cent fr..
