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New figures on Wednesday showed what the construction sector contributed to economic growth in the June quarter. Nothing. Construction counts for about one seventh of all the activity included i..
The operator of the Australian sharemarket has appointed Reserve Bank of Australia board member Heather Ridout as a non-executive director. Ms Ridout will stand for election to the board of ASX Ltd..
US stocks have finished mixed after economic data gave no clear direction on the economy, and as investors awaited a key speech by Federal Reserve chief Ben Bernanke on Friday. The Dow Jones Indust..
Australian stocks have closed firmer, with defensive sectors leading the broader market higher. At 1615 AEST on Tuesday, the benchmark S&P/ASX200 index was up 15.7 points, or 0.36 per cent, at ..
DuluxGroup could walk away from its $210 million takeover offer for Alesco Corporation if the pair fail to resolve an argument about dividends. DuluxGroup and building products group Alesco have be..
Gaming machine supplier Aristocrat Leisure has lifted first half profit by nearly 40 per cent but says it is still has some way to go before reaching its full potential. The $34.7 million net profi..
Shares in Seven Group Holdings have risen almost six per cent after the media and earthmoving-machinery company said strong activity in the resources sector was likely to continue. Seven Group more..
Australia's largest gold miner Newcrest has suspended production at its flagship Lihir mine in Papua New Guinea amid a dispute with land owners. Newcrest is negotiating the benefits it pays local l..
A cashed-up Beach Energy will spend $200 million this year to develop its Cooper Basin assets closer to production, after the company returned to profitability. The oil and gas producer and explore..
Grains marketer and malt producer GrainCorp has acquired two food oils businesses for $472 million and will combine them to form GrainCorp Oils. GrainCorp said on Tuesday that it had agreed to acqu..
Virgin Australia shares were down in morning trade as the airline failed to give earnings guidance after reporting a return to profitability. At 1245 AEST on Tuesday, Virgin was down 1.75 cents, or..
Stocks to watch on the Australian stock exchange today. AGO - ATLAS IRON LTD - down five cents at $1.605 Atlas Iron expects the price of iron ore to increase over the next two months as China's ..
Shares of Apple have hit new record highs after the company won its patent lawsuit against Samsung, but overall stocks traded mixed. Stocks swung from early losses into gains and back again during ..
The Australian share market has closed slightly lower as investors wait to see if the United States and China will take further measures to stimulate their economies. On Monday, the benchmark S&..
The Australian dollar fell to its lowest level in a month, amid negative sentiment about China's economic outlook and speculation that Australia's mining boom might be waning. At 1700 AEST on Monda..
Jetset Travelworld's full year profit has fallen by 72 per cent because of costs related to a restructure that resulted in 110 job cuts. The travel group recently overhauled its loss-making Travel ..
Caltex Australia has played down the strong turnaround for its refining business that it plans to partially close, after the company posted a big rise in profits. Net profit on a replacement cost b..
Transport and logistics group Toll Holdings says resolving problems in its business in Japan and its marine shipping operations in Asia are its current priority. Toll on Monday booked a 77 per cent..
Investors are sceptical about whether a reduced takeover offer for Africa-focused iron ore hopeful Sundance Resources by China's Hanlong Mining will get over the line. As iron ore prices have tumbl..
Troubled surfwear retailer Billabong will shut stores, cut product lines and expand its online presence as it works to recover from a $275.6 million loss. The result to June 30, 2012 was a huge dro..
The corporate watchdog will appeal a $10,000 fine recently handed to the former chief financial officer of AWB, seeking a harsher penalty. Paul Ingleby was fined and banned from managing a corporat..
Atlas Iron has posted a $114.6 million loss due mainly to costs associated with its sale of some mines and takeover of another resources company. The Western Australia-based iron ore miner's result..
The mining boom - or at least investment in it - will peak in 2014 but the non-resources sector will then drive growth, a report has found. People would probably overreact with pessimism at the tho..
US stocks have rebounded from morning losses to end solidly higher boosted by new hints at stimulus from the Federal Reserve and more reports on the European Central Bank's possible bond buying. Th..
The Australian stockmarket closed lower on Friday, also finishing down for the week and ending a run of five weeks of gains. At the close on Friday, the benchmark S&P/ASX200 index was down 34.7..
