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US sales of new homes bounced back in August after July's slump, though the pace remained slower than the first quarter of the year, the Commerce Department has reported. New home sales rose to an ..
US stocks ended a volatile day lower as investors remained cautious over the lack of progress in Washington budget talks. The Dow Jones Industrial Average lost 61.33 (0.40 per cent) at 15,273.26. ..
The Australian share market is higher, led by stocks in the energy and consumer goods sector. But there appeared to be no major driver behind the gains, with CMC Markets chief market strategist Mic..
The Reserve Bank of Australia is worried about self managed superannuation funds. Their potential to do some real damage, if not managed carefully, is a theme running through the RBA's half yearly ..
The Queensland government has extended wagering firm Tabcorp's Keno licence to 2047. The government in April announced it would extend Tabcorp's Keno licence, which was due to expire in 2022, by 25..
Telstra's decision to fire more than 1000 workers has been criticised by unions who say the number of faults on the telco's copper network - and its profits - are as high as ever.Telstra says the cuts..
Telstra is sacking 1,100 workers, drawing criticism from unions who say the number of faults on the telco's copper network, as well as its profits, are as high as ever.Telstra says the cuts to its ope..
Australian shares are higher, despite a weak lead from Wall Street. The local market's one-third of a per cent gain reflects normal market conditions rather than any specific data catalyst, Wealth ..
Agricultural chemicals and seeds supplier Nufarm expects better seasonal conditions in Australia will help lift the company's underlying earnings in the current fiscal year.Nufarm on Wednesday said it..
Outgoing BHP boss Marius Kloppers earned more than $US16 million ($A17.14 million) in the last of his 20 years at the global mining giant.The 51-year-old South African could earn up to another $A18 mi..
Faced with ongoing weakness in the retail sector, David Jones is focussed on lifting online sales and improving margins and customer service.The department store is also thinking outside the square - ..
US consumer confidence fell slightly in September as Americans grew more wary about the outlook in coming months, a closely watched report shows.The Conference Board said its consumer confidence index..
US stocks have ended an up-and-down day mostly lower, as investors watched a Washington budget debate as the deadline for funding the government looms.The Dow Jones Industrial Average fell 66.79 (0.43..
Australian shares have fallen for a third consecutive day, due to uncertainty caused by a debt ceiling stand-off in the US Congress.Uncertainty about the US budget, caused wrangles over the approachin..
The Australian share market is set to fall for a third consecutive day, as it follows the negative lead of Wall Street.Last week's gains on the US Fed's surprise decision to hold off on tapering its s..
South Korean electronic giants Samsung and LG have agreed to end a year-long battle over display technology patents that spawned a series of lawsuits.LG Display and Samsung Display - respectively the ..
Australia has the seventh largest shale gas reserves in the world but a lack of roads and pipelines could hinder the industry's development.An HSBC report shows that in addition to a lack of infrastru..
Medical technology firm iSonea has launched a device to help asthma sufferers monitor their condition with a smartphone.The AirSonea device turns a phone into a portable wheeze monitor when held again..
Fish farmer Clean Seas Tuna says it is on track to become profitable in the 2015 financial year as its kingfish production improves to its best level for years.The company said in an investor update o..
Canterbury-based dairy processor Synlait Milk has more than doubled its full-year profit, beating its prospectus forecast. Profit was $NZ11.5 million ($A10.32 million) in the year ended July 31, fr..
Andrew Forrest has spent close to $24 million increasing his majority stake in iron ore miner Fortescue Metals Group.The Fortescue founder and chairman bought more than 5.2 million Fortescue stocks on..
Kathmandu Holdings has defied a weak retail sector to post a 27 per cent increase in profit, and plans to open 15 new stores this year in search of even stronger results.The New Zealand and Australian..
US stocks have closed firmly in the red, extending Friday's losses, amid uncertainty about the Federal Reserve's stimulus taper plans. A big bounce by heavyweight Apple on news of record sales of i..
Australian shares finished lower, but stemmed some of their losses on the back of strong Chinese economic data. Australian shares opened one per cent lower after a US Federal Reserve official said ..
Rupert Murdoch's new News Corporation has achieved a $US506 million ($A542.60 million) full year profit despite the poor performance of its ailing newspapers. The newly split publishing company's f..
