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New home construction in the United States rebounded in August from a July decline as the distressed housing market slowly continues to stabilise, government data shows. Housing starts rose 2.3 per..
US stocks have pared early gains and closed barely changed, with little concrete news for investors to grab onto. At the close of trade on Friday, the Dow Jones Industrial Average was down 17.46 po..
Australian shares have closed firmer, with gains underpinned by strength in the financial sector. The benchmark S&P/ASX200 index closed up 11.1 points, or 0.25 per cent, at 4,408.3 points on Th..
Australian bond futures prices have fallen on profit-taking, with low volumes accentuating the drop. CMC Markets chief market strategist Michael McCarthy said the fall was surprising, given the lac..
The head of Australia's biggest electricity retailer has received a pay rise, taking his remuneration package nine per cent higher to above $8 million. Origin Energy's chief executive Grant King, o..
DuluxGroup is poised to take control of reluctant takeover target Alesco Corporation. The paint maker on Friday said its holding in Alesco had leapt to 50.2 per cent, just three days after the take..
ANZ Banking Group has sold its wholesale mortgage distribution business as it continues to strengthen its capital position. ANZ's Origin Mortgage Management Services provides funding for about $2.2..
Retail brand owner Premier Investments says it is enjoying great success from its shops in Singapore and plans to push into other Asian markets. Premier Investments, which owns retailers including ..
China has struck a sour note at the start of its summit with the European Union, raising longstanding complaints over its treatment by the bloc even as both sides lauded the relationship. Premier W..
Stocks to watch on the Australian stock exchange today AMC - AMCOR LTD - steady at $7.58 Amcor's chief executive Ken MacKenzie enjoyed a $1 million pay rise in 2011/12. BBG - BILLABONG INTERN..
The number of Americans seeking unemployment benefits fell only slightly last week to a seasonally adjusted 382,000. The level suggests hiring remains weak. The Labour Department said on Thursday t..
US stocks have ended mixed after poor economic data in the US, Europe and China pushed markets to losses in early trade. Healthcare and utility stocks fared well while transportation was a signific..
The Australian share market has closed lower as investors took profits after a recent strong upwards run. Data from China that showed that its manufacturing sector was still contracting, added to t..
Retailer Kathmandu expects to bounce back from a difficult year with a higher net profit but warns that it sees the current tough trading climate as the new normal. The outdoor clothing and equipme..
The head of Australian wealth management firm MLC says consumers will lose confidence in superannuation if governments continue to tinker with the scheme. MLC chief executive Steve Tucker says gove..
Bricks and masonry supplier Brickworks has booked a 70 per cent fall in annual net profit as residential building starts dropped to near 30-year lows. But the company is hopeful of a patchy recover..
The competition watchdog has given the go-ahead for broadcaster Ten Network Holdings to sell its EyeCorp outdoor advertising business. Ten announced in July that it had struck a deal with Outdoor M..
Billabong shares have taken another hit after one of the two private equity companies vying to take it over pulled its bid off the table. In early September the surfwear retailer revealed that it h..
Australian stocks were lower at noon, with resources-related sectors leading the broader market lower. At 1210 AEST on Thursday, the benchmark S&P/ASX200 index was down 13.9 points, or 0.31 per..
Luxury accessories retailer OrotonGroup is preparing to embark on a year of transition after posting a flat profit for 2011/12 and breaking ties with American fashion house Ralph Lauren. Oroton dis..
Stocks to watch on the Australian stock exchange on Thursday, September 20 BKW - BRICKWORKS LTD - last traded at $10.04 The construction materials company releases its full year results on Thurs..
A roundup of trading on major world markets: NEW YORK - US stocks scored small gains as investors weighed encouraging housing data and falling crude oil prices that stoked hopes for more growth in ..
Australian shares finished at their highest levels since the start of May, driven up by news of a major Japanese economic stimulus program. At the close of trade on Wednesday, the benchmark S&P..
Troubled retailer David Jones insists it has no plans to sell its flagship department stores, despite having its four premium properties in central Sydney and Melbourne valued by experts. David Jon..
In a further sign of the waning resources boom, construction and mining company Macmahon Holdings has issued a stark profit warning and announced the resignation of chief executive Nick Bowen. Macm..
