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Retail spending figures have risen for a second consecutive month, getting a boost from price cuts. Retail trade was up 1.0 per cent in June, which was better than market forecasts of a rise of 0.6..
Manufacturing, once the bright star in the US economic recovery, has lost its lustre. For the second straight month, US factory activity shrank in July as new export orders fell further, the Instit..
Stocks to watch on the Australian stock exchange on Thursday, August 2 BWD - BLACKWOOD CORPORATION LTD - steady at 18 cents Coal explorer Blackwood Corp is still waiting for $28.4 million it is ..
US stocks have closed lower after the Federal Reserve kept monetary policy unchanged - a widely expected move that nevertheless disappointed those hoping for a sign of new economic stimulus. All ey..
Billionaire casino mogul James Packer says he will build the world's best hotel in Sydney if he gets approval to include a gambling facility for high rollers in the development. Mr Packer, the exec..
The Australian sharemarket has closed slightly lower after investors took a cautious approach ahead of US Federal Reserve and European Central Bank meetings. At close on Wednesday, the benchmark S&..
Australia's export commodity prices rose slightly in July after hitting a 16-month low in May and rising only a fraction in June. The Reserve Bank of Australia's (RBA) index of commodity prices in ..
With online retailing, it's now a case of the quick and the dead. Early adapters that jumped on the internet bandwagon ahead of the rest have reported revenue growth over the past year, but those s..
Country Road has agreed to buy rival fashion retailer Witchery and accessories brand Mimco, in a move which it believes will lead to lower prices for shoppers. The $172 million takeover, which had ..
Intrepid Mines shares have surged 29 per cent after the company agreed to allocate around five per cent of its shares to Indonesian media mogul Surya Paloh. Mr Paloh is a prominent political and bu..
Oil and gas producer Beach Energy's chairman Bob Kennedy is stepping down after almost 17 years in the position. On Wednesday, Mr Kennedy confirmed to the board that he would not be seeking re-elec..
Australian manufacturing activity contracted at a faster rate in July as costs rise and the global economic slowdown takes its toll, a private survey shows. The Australian Industry Group/PriceWater..
The US regulator in charge of state-backed mortgage firms Fannie Mae and Freddie Mac has rejected an Obama administration plan to ease the housing crisis by forgiving some outstanding home loans. R..
Stocks to watch on the Australian stock exchange on Wednesday, August 1 AQA - AQUILA RESOURCES LTD - up 11 cents at $2.13 The environmental authority supports Aquila Resources' proposed port for..
The Australian share market has closed at an 11-week high as upcoming US Federal Reserve and European Central Bank meetings raise hope of a global recovery. At close on Tuesday, the benchmark S&..
Investors in Sundance Resources face a nervous wait of at least 24 hours to find out if the company's sole project has crucial financial backing from China. Investors fear the company's $4.7 billio..
Talk of a two-speed economy in Australia is inaccurate and damaging, says National Australia Bank CEO Cameron Clyne. Mr Clyne told an American Chamber of Commerce in Australia luncheon on Tuesday t..
Shares in Breville Group hit a record high after the kitchen appliance maker said it expects full year earnings to grow by up to 40 per cent. Breville on Tuesday flagged its earnings before interes..
Shares in Origin Energy rose two per cent after stronger commodity prices drove the company's revenue higher, despite lower production levels. Origin on Tuesday said revenue for the year to June 30..
Caltex Australia says it is confident of getting investor support for its $300 million capital raising despite a ratings agency casting doubt on its balance sheet. The fuel supplier plans to raise ..
Business-only telecommunications provider Macquarie Telecom has upgraded its earning guidance for the 2012 financial year by about 10 per cent. Macquarie on Tuesday said it now expects to report ea..
Better-than-expected housing data could be a sign that the sector is on the road to recovery - and cuts by Australia's central bank could be one reason why. Australian residential building approval..
Stocks to watch on the Australian stock exchange on Tuesday, July 31 AGK - AGL ENERGY LTD - down 14 cents at $15.81 AGL Energy Ltd says Graeme Hunt will join the board as a non-executive directo..
US stocks have closed in the red as Wall Street hopes for US Federal Reserve and European Central Bank stimulus action this week and awaits a report on the July jobs market. After two big euro-driv..
The Australian share market has closed almost one per cent higher, with the banks leading the way. At the close on Monday, the benchmark S&P/ASX200 index was up 35.9 points, or 0.85 per cent, a..
