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Governments must rethink the way that essential social services are funded because jacking up taxes on the mining sector to help pay for them is unsustainable, says health insurer Australian Unity. ..
Struggling department store chain Myer's efforts to improve customer service appear to be paying off. Chief executive Bernie Brooks says the retailer has enjoyed a slight uptick in sales in recent ..
Kerry Stokes will have to wait until October before the competition regulator hands down its decision on his Seven Group's potential acquisition of pay TV investor Consolidated Media. However, base..
Sigma Pharmaceuticals says it is well placed to pursue growth opportunities, and will buy back up to 10 per cent of its shares. The drugs wholesaler and pharmacy support services provider on Thursd..
Ardent Leisure says its Goodlife Health Clubs business is now the country's second largest club chain after the $61 million purchase of Fenix Fitness Clubs. Fenix has eight clubs in Melbourne, two ..
Stocks to watch on the Australian stock exchange on Thursday, Sept 13 CBA - COMMONWEALTH BANK OF AUSTRALIA - up 88 cents, or 1.62 per cent, at $55.06 The Commonwealth Bank of Australia (CBA) has..
US stocks have followed European markets higher after a German court gave its approval to the eurozone's permanent crisis fund, opening the door to more aid to embattled Spain. Facebook shares soar..
Eurozone stock markets and the euro have received a boost from German approval for a new firewall, clearing a key hurdle in solving the debt crisis. In a landmark ruling, Germany's Constitutional C..
BHP Billiton has attacked the Queensland Government for a second consecutive day for hiking coal royalties, warning the state would leave itself with less revenue due to an investment exodus. The w..
The Australian share market has closed higher as investors gain enough confidence to pick up beaten down stocks, especially in the mining sector. At 1615 AEST on Wednesday, the benchmark S&P/AS..
The competition watchdog has indicated it may be unable to deal with claims of anti-competitive behaviour by the major supermarket chains. A recent report from independent supermarket group Master ..
Pie Face, the Sydney-based bakery chain, has signed a memorandum of understanding with South Island Subway owners Jared Palmer and Julian Field to roll out at least 62 stores in New Zealand over 10 ye..
House prices across capital cities rose in the three months to June, but it is still cheaper for most Australians to buy a home today than it was a year ago. A national survey of home prices, relea..
The Commonwealth Bank of Australia (CBA) has raised $1.5 billion from institutional investors in its latest hybrid offer. CBA says it has completed the institutional bookbuild for the tier 1 hybrid..
Haier has signalled the possible sale of Fisher & Paykel Appliances' finance unit if it succeeds in its bid for control of the Auckland-based company. Shares of FPA jumped about 13 per cent to ..
Bank-bashing may be Australia's national sport, but consumers rate them as the safest place to park their hard-earned cash. A new survey has found the number of consumers who believe bank deposit a..
The US government has raked in $US15.1 billion ($A14.67 billion) in profits on its massive rescue of insurer AIG, the Treasury says in a rebuff to critics of the 2008-2009 bailout of the finance indus..
US stocks have mostly risen, lifted by upbeat economic data and hopes that a Federal Reserve meeting will deliver economic stimulus and a key German court decision will ease eurozone turmoil. The D..
Australian stocks closed slightly weaker ahead of a key German court decision about the eurozone funding package, with declines among the utilities and financial sectors leading the broader market low..
Personal finance loans rose by 0.1 per cent in July, official figures show. The Australian Bureau of Statistics (ABS) on Monday said personal finance commitments, seasonally-adjusted, increased to ..
Australian healthcare company CSL Biotherapies has been awarded a contract to supply pre-pandemic and pandemic vaccine antigens to the US Department of Health and Human Services. The contract has t..
Virgin Australia appears to be holding up well in the face of increased competition and extra seats in the domestic market, the airline's latest traffic figures show. Australia's second largest car..
The US Treasury says the sale of $US18 billion ($A17.49 billion) worth of stock in AIG will mean that the taxpayer funds used to bail out the insurance giant in 2008 have been "fully recovered". Th..
Good news for job seekers: employers are still hiring. A survey of Australian employers suggests the job market is likely to remain steady in the final three months of 2012. The latest Manpower ..
The Reserve Bank of Australia will probably not cut interest rates again this year, despite a gloomier outlook for the mining sector, according to economists at a major bank. The economy was experi..
