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Spain has vowed to defy predictions of a deep recession next year after a credit rating downgrade left its debt hovering above junk-bond status and jolted world markets. Standard & Poor's slice..
The Australian share market has closed marginally lower as investors consider the chances of more interest rate cuts in the wake of the latest unemployment figures. At 1615 AEDT on Thursday, the be..
Australia Post will be delivering on the weekends for two months in the lead-up to Christmas as it announces plans to ramp up its parcel network and create digital mail boxes. The government-owned ..
The Australian head of the world's largest petroleum company has warned that the soaring costs of doing business threaten the nation's much-anticipated liquefied natural gas (LNG) boom. A suite of ..
Pallet supplier Brambles has maintained full year earnings guidance, with sales revenue growing so far in 2012/13 despite difficult economic conditions. The company said on Thursday sales to the th..
Iluka Resources' share price slid more than six per cent after the mineral sands miner posted a big fall in third quarter sales revenue due to lower production and demand. Iluka said on Thursday it..
The unemployment rate has jumped to the highest level in more than two years, despite the creation of more full-time jobs. The seasonally adjusted unemployment rate rose to 5.4 per cent in Septembe..
Stocks to watch on the Australian stock exchange on Thursday October 11 AWC - ALUMINA LTD - up two cents at 89.5 cents Alumina received no dividends from its joint venture partner Alcoa in the t..
US stocks have closed lower amid investor caution after Alcoa said that China's economic slowdown was hitting aluminum consumption and Chevron slashed its earnings outlook. Shares took little notic..
The Australian share market has closed lower as investors take profits in the wake of the market hitting its highest level in 14 months. At 1615 AEDT on Wednesday, the benchmark S&P/ASX200 inde..
Nine Entertainment's prospects of avoiding receivership have received a boost after a group of debt holders led by Goldman Sachs agreed to a debt restructuring proposal. The proposal, put forward b..
Fortescue Metals believes iron ore prices will firm in the short term and the company will emerge stronger despite shedding 1000 jobs and shelving its expansion plans. While the company's decision ..
Desperate Gunns contractors say even if they recover hundreds of thousands of dollars owed to them, they have no future in Tasmania's forestry industry. Around 200 creditors have attended a first m..
Some of the public anger directed at Australian banks is justified and the only way to counter this is to treat customers well, Bendigo and Adelaide Bank says. Chief executive Mike Hirst said the h..
Transurban's share of revenue from its portfolio of toll roads rose 2.5 per cent in the September quarter, driven partly by an increase in tolls on some roads. Transurban owns 100 per cent of Melbo..
Australians remain concerned about the national economy, despite a small monthly rise in consumer confidence. The Westpac Melbourne Institute Index of Consumer Sentiment, released on Wednesday, sho..
Oil and gas producer Beach Energy has made another oil discovery which could bring in 440,000 barrels of recoverable oil. The Adelaide-based company said the new field oil discovery was made in Nam..
Stocks to watch on the Australian stock exchange on Wednesday, October 10: ARI - ARRIUM LTD - down 2.25 cents, or 2.78 per cent, at 78.75 cents Arrium has acted to boost its balance sheet agains..
A roundup of trading on major world markets: NEW YORK - US stocks have skidded after the International Monetary Fund (IMF) cut its global economic growth forecasts and investors braced for the star..
The Australian share market hit at a 14- month high on Tuesday, closing above the 4500 level for the first time since August 2011. Energy and Resources stocks drove the gains on the back of positiv..
Global miner BHP Billiton is continuing to slash costs in a subdued environment as it meets with workers in Perth this week about likely job cuts. AAP understands about 200 workers in its iron ore ..
Qantas Airways chief executive Alan Joyce says the proposed partnership with Emirates has been welcomed by staff as it will help secure jobs at the struggling airline. Mr Joyce says no jobs will be..
Shares in oil and gas producer Oil Search rose over three per cent after it signed five licensing agreements with gas giant Total to operate in Papua New Guinea (PNG). The deal, which has been in t..
The Australian share market has broken the 4500 level for the first time this year, led by big gains in the resource and energy sectors. At 1201 AEDT on Monday, the benchmark S&P/ASX200 index w..
Moves to stimulate the US and European economies helped lift Australian business confidence in September. The National Australia Bank (NAB) monthly business survey found confidence among businesses..
