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Could the US lose its top credit rating even if a deal is reached to raise the debt limit? Market analysts and investors increasingly say yes. The outcome won't be quite as scary as a default, but ..
The Australian dollar has hit a record high of more than US$1.10 as a result of rising interest rate expectations brought on by a higher-than-expected rise in inflation in the June quarter. The con..
The White House has threatened that President Barack Obama will veto a current Republican two-step plan to resolve the US debt crisis if it is passed by US lawmakers. The Office of Management and B..
Gloucester Coal Ltd increased its fourth quarter sales by 16 per cent from a year earlier by taking advantage of the available port capacity.Total coal production rose to 612,000 tonnes in the three m..
The Australian stock market closed lower after the release of worse-than-expected inflation data and as the US debt ceiling stalemate continued. At 1615 AEST on Wednesday, the benchmark S&P/ASX..
Stocks to watch on the Australian stock exchange on Wednesday. ALS - ALESCO CORPORATION LTD - up 15 cents at $2.84 Alesco is confident of countering a forecast slump in housing construction this..
The Australian share market is expected to decline after US stocks fell on a White House threat to veto legislation that would avert a US debt default. But Australian resource stocks may gain after..
Shell's decision to shut down a Sydney refinery could cost 2200 jobs and threaten the reliability of oil supplies in NSW, a union says.Shell has announced it will convert the Clyde Refinery and Gore B..
Australand Property Group says it's well-placed to deliver on its earnings guidance in fiscal 2011 after the developer posted a 17 per cent first half profit in testing conditions.Chief executive Bob ..
The Australian dollar has surged ahead and broken through 109 US cents level, for the first time in three months. Just before 1300 AEST, the local unit climbed to 109.02 US cents, its highest level..
Whitehaven Coal has bounced back from extreme weather earlier this year, boosting coal production by 47% in the June quarter. The northern NSW-based miner produced 1.47 million tonnes of coal, comp..
Australian consumers have been saving and not spending in recent years, which is probably a good thing for the economy, the central bank governor says. The higher savings rate is the result of peop..
BHP Billiton has received approval from the US competition regulator for its $US15.1 billion ($A14 billion) takeover of shale gas company Petrohawk Energy. The approval came as the world's biggest ..
Australian stocks were higher at noon, despite the failure by the United States to resolve its debt-ceiling stalemate, which dragged Wall Street lower overnight. At 1200 AEST on Tuesday, the benchm..
Stocks to watch on the Australian stock exchange on Tuesday: AAC - AUSTRALIAN AGRICULTURAL COMPANY LTD - down two cents at $1.39 Beef producer Australian Agricultural Company does not expect the..
The Washington deadlock over raising the US debt ceiling sent stocks tumbling on Monday, as the August 2 date to avoid a government debt default grew closer with no deal in sight. The Dow Jones Ind..
Australian stocks closed firmer on Tuesday despite the debt impasse in the United States, and made up some of the lost ground from Monday's sell-off.At 1615 AEST on Tuesday, the benchmark S&P/ASX200 i..
Higher oil prices helped drive a surge in Oil Search's June quarter revenue, as its Exxon Mobil-led joint venture in Papua New Guinea progresses towards first production.Oil Search also on Tuesday sai..
Explosives maker Orica Ltd has reaffirmed that profit in fiscal 2011 will be higher than 2010. Net profit before individually material items for the 12 months to September would be higher than the ..
Beef producer Australian Agricultural Company (AACo) does not expect the live cattle trade to Indonesia to resume quickly but is still anticipating a profitable year. AACo on Monday booked a net lo..
Southeast Asia-focused miner PanAust has blamed a destructive wet season for rising costs and a decline in full year copper production.Copper concentrate production for calendar 2011 will be at the lo..
Workers at the world's biggest copper mine in northern Chile downed their tools over the weekend as part of an indefinite strike over unmet contract demands. About 2,300 workers of the Escondida mi..
Stocks to watch on the Australian stock exchange on Monday: AAC - AUSTRALIAN AGRICULTURAL COMPANY - down one cent at $1.41 Beef producer Australian Agricultural Company has agreed to sell its Me..
The Australian stock market is expected to open slightly higher on Monday despite a mixed performance in United States markets on Friday. On Wall Street on Friday, the Dow Jones Industrial Average ..
Fortescue Metals Group has foreshadowed a shake-out among iron ore producers as new global supply will sharply cut the price of the commodity from its near-record highs.New chief executive Neville Pow..
