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Retail heavyweight Solomon Lew stands to make more than $200 million by standing in the way of David Jones' takeover by a South African retailer.Dubbed "Lew's Coup" by one analyst, the clothing indust..
Kathmandu shares have plunged by more than 10 per cent after the outdoor clothing retailer warned of a winter sales slump.The warmer-than-usual autumn and early winter temperatures have dented the ret..
Stocks to watch on the Australian stock exchange on Tuesday: BRU - BURU ENERGY - down two cents, or 1.7 per cent, at $1.14 The West Australian Department of Mines and Petroleum has given the gre..
US shares have opened modestly lower, appearing prone to taking a breather for a third session after last week's strong run-up.But biotech shares got a boost from Vertex Pharmaceuticals (+47.2 per cen..
The share market posted solid gains as investors were buoyed by China's best manufacturing activity data in six months. The June reading of HSBC's manufacturing activity index rose to its highest r..
The RBA's cash rate is at a record low, but may be only one percentage point below normal. It all depends on what you think normal is for the cash rate these days. Ben Jarman, economist at JP Mo..
Housing prices appear to have started their normal late-June rebound following the seasonal dip beginning in May. Housing prices rose by 0.6 per cent last week, according to the RP Data measure bas..
The Hunter Valley town of Cessnock has beaten Australia's most glamorous holiday spots as the best place to buy an investment house. The average rental yield from a house in NSW's peak wine growing..
China's manufacturing activity expanded in June for the first time this year as the effects of Beijing's mini-stimulus on the world's second-largest economy gradually kick in. HSBC said in a statem..
Stocks to watch on the Australian stock exchange on Monday, June 23: IAG - INSURANCE AUSTRALIA GROUP - down seven cents, or 1.2 per cent, at $5.81 WES - WESFARMERS - down 54 cents, or 1.3 per ce..
A roundup of trading on major world markets: NEW YORK - The Dow and S&P 500 edged to fresh records with the chances rising for GE's acquisition of parts of France's Alstom and fighting in Iraq ..
Australian shares gave up most of the previous day's gains to end the week on a negative tone. The market ignored solid offshore leads, provided by the US Federal Reserve suggesting it would keep i..
Foreign investment does not price Australians out of the housing market and is key to getting new developments off the ground, a parliamentary inquiry has heard. State and local government bureaucr..
Higher gold prices have lifted some mining stocks but the major miners and big banks are weighing on the share market. The Australian share market had come off Thursday's solid gains after the US c..
Stocks to watch on the Australian stock exchange on Friday, June 20: AIO - ASCIANO - up 32 cents, or 6.1 per cent, at $5.55 Rail operator Asciano will axe about 500 jobs in order to cut costs. ..
The S&P 500 has edged to a new record as investors weighed solid economic data with ongoing violence in Iraq that pushed oil prices to a new nine-month high. The broad-based S&P 500 rose 2...
Australian shares have rallied after the US central bank decided to retain ultra-low interest rates. US markets reacted positively to the Federal Reserve's monetary policy announcement, with the S&..
One of the country's largest property developers believes house prices will continue to rise for years to come, with the Sydney market set for a "golden decade". Stockland chief executive Mark Stei..
Stockland boss Mark Steinert has indicated the company may not increase its $2.5 billion bid for rival property developer Australand to match a higher bid from Singapore. Mr Steinert said Australan..
The US central bank's decision to retain ultra-low interest rates has boosted the local share market. US markets reacted positively to the Fed Reserve's monetary policy announcement, with the S&..
Opponents of Westfield's $70 billion restructure are quietly confident of defeating the move, despite speculation the shopping centre giant has secured enough support to get it across the line. Inv..
Stocks to watch on the Australian stock exchange on Thursday, June 19: AQA - AQUILA RESOURCES - up 22 cents, or seven per cent, at $3.35 MIN - MINERAL RESOURCES - down 20 cents, or 2.1 per cent,..
The share market has fallen for a second straight day, due to a drop by energy stocks and weakness in the banking sector. Australia's biggest oil and gas producer Woodside Petroleum experienced a s..
Shares in Woodside Petroleum have fallen by 4.6 per cent after Royal Dutch Shell completed a sell-down of more than 78 million shares in the oil and gas producer. Shell sold 78.3 million shares to ..
Stocks to watch on the Australian stock exchange at close on Wednesday: AQA - AQUILA RESOURCES - up 22 cents, or seven per cent, at $3.35 MIN - MINERAL RESOURCES - down 20 cents, or 2.1 per cent..
