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US stocks have finished a volatile trading session higher following improved jobless claims data and a mixed bag of corporate earnings. The Dow Jones Industrial Average added 24.50 points, or 0.17 ..
The Australian share market has closed about 1.5 per cent higher as low inflation figures raised investors' expectations of an interest rate cut. Australia's consumer price index (CPI), the key mea..
The Reserve Bank of Australia plans to spend up to $2 billion on Chinese yuan as the currency gains increasing importance in financial markets. RBA deputy governor Dr Philip Lowe on Wednesday said ..
Tokyo shares finished 2.32 per cent higher, closing in on a five-year high after a solid performance on Wall Street and optimism over exporters' earnings thanks to the weaker yen. The benchmark Nik..
The scope for the Reserve Bank of Australia to cut interest rates just got a bit wider. That's because inflation - the rate that consumer prices are rising - has turned out a bit slower than econom..
Troubled publisher APN News & Media is restructuring its digital and regional divisions' management as it tries to combat tough times in the newspaper industry. The company announced that it ha..
Troubled surfwear retailer Billabong has extended its exclusive takeover talks with the Sycamore consortium. Billabong entered into 10-day exclusive talks with the consortium, comprised of the reta..
Apple is opening the doors to its bank vault, saying it will distribute $US100 billion ($A97.85 billion) in cash to its shareholders over two years. At the same time, the company said it expects sa..
Woodside Petroleum insists it is on a strong growth trajectory and not just interested in handing out cash after shelving its $45 billion Browse project. Chief executive Peter Coleman says the comp..
Pallet provider Brambles has maintained guidance for a higher full year underlying profit, above $US1 billion, despite a muted economy in its key US market. The company forecast a strong final thre..
US stocks have finished up more than one per cent despite a two-minute mini-crash caused by a false news agency tweet, with good earnings results from DuPont, Travelers and Netflix. The Dow Jones I..
The Australian share market has closed higher, boosted by a 10 per cent rise in the shares of Woodside Petroleum, which announced a $520 million return to shareholders. The rush to buy Woodside sha..
Oil and gas producer Petsec Energy predicts it will beat its full year production targets after the company boosted quarterly production by 20 per cent. Production for the March 2013 quarter was 95..
Drug developer Alchemia could reap up to $240 million in milestone payments in a deal with global biopharmaceutical firm AstraZeneca to search for disease-treating molecules. Alchemia will provide ..
Australia's transition to a low-inflation economy means slower increases in housing prices and more occasions when they are falling, according to a top central banker. The head of the Reserve Bank ..
The boss of freight rail operator Aurizon has applauded the federal government's Melbourne to Sydney high speed rail proposal as courageous. But Aurizon chief executive Lance Hockridge says the gov..
Australia's mining sector is facing more job losses and a halt on investment after Newcrest Mining flagged cuts to its workforce.After last week's dramas when the gold price plummeted at record rates ..
Discount chain The Reject Shop is defying the retail squeeze and hitting its shareholders for $40 million to continue its roll-out of new stores across the nation. The company also posted 6.2 per c..
Gold futures have continued to rebound from last week's historic sell-off, locking in a 1.8 per cent rise as futures investors and buyers of gold coins and bars continued to step into the market. T..
US stocks have moved higher amid mixed earnings reports, bouncing back after last week's losses. The Dow Jones Industrial Average gained 19.66 points, or 0.14 per cent, to 14,567.17. The broad-b..
The Australian share market closed higher, led by resources stocks that rebounded after being battered last week due to falling commodity prices. It was the second consecutive day of gains on the A..
Some economists refer to the economy's transition out of the mining investment boom as "rebalancing", but Guy Bruten doesn't think it will be as smooth as the term suggests. He expects it will be r..
Australian biotech Avexa is moving closer to discovering if coal and drugs really do mix. Avexa expects that it may have revenue from coal mining by late 2013 to help it fund drug development. A..
Tokyo shares closed 1.89 per cent higher with the yen weakening after G20 finance leaders gave cautious approval to Japan's huge monetary easing moves. The benchmark Nikkei 225 index ended up 251.8..
Calibre Group has been awarded a $140 million contract to upgrade the Hay Point coal export terminal in Queensland for the BHP Billiton Mitsubishi Alliance. The engineering group said its subsidiar..
