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A massive $23 billion gas project in Queensland is to be expanded, creating an extra 2,000 jobs in rural areas. The owners of the Australia Pacific liquefied natural gas (APLNG) project on Wednesda..
James Packer's Crown Ltd has ramped up its move on fellow casinos operator Echo Entertainment by seeking regulatory approval to raise its stake to 25 per cent. Crown included the 25 per cent limit ..
Whitehaven Coal has acquired more than 90 per cent of Coalworks under a $145.6 million takeover offer. Whitehaven took control of Coalworks in June after the Coalworks board approved a takeover by ..
The trend in retail trade appears to have picked up. The reasons for that pickup are not immediately obvious, but it fits a recent pattern of more positive economic data and suggests more limited s..
Stocks to watch on the Australian stock exchange on Wednesday, July 4 BHP - BHP BILLITON LTD - up eight cents at $31.80 BHP Mitsubishi Alliance and unions are back at the negotiating table in an..
US stocks have racked up solid gains in a holiday-shortened trading session, boosted by reports of strong June sales from the leading US auto makers. Trade closed at 1700 GMT (0300 AEST), after onl..
The Australian sharemarket has closed slightly weaker as investors weighed up recent weak economic data out of the United States and China and as Australia's central bank left the cash rate unchanged...
Aurora Oil & Gas has moved closer to taking full control of takeover target Eureka Energy. Aurora on Tuesday said it now holds 91.75 per cent of Eureka's shares and will proceed to the compulso..
Homeowners hoping for more mortgage relief were disappointed on Tuesday when the Reserve Bank of Australia held the cash rate at 3.5 per cent after cuts in the two previous months. The central bank..
Flinders Mines remains hopeful of finding a new suitor despite a takeover deal with a Russian steel maker falling through. Flinders on Tuesday said Magnitogorsk Iron & Steel Works OJSC (MMK) ha..
Woodside Petroleum has received the regulatory all-clear to sell a third of its stake in the $30 billion Browse gas project to Japan's Mitsubishi Corporation and Mitsui & Co. The Japanese compa..
A move by regulators to allow Perpetual to lift its potential stake in Echo Entertainment Group has raised the possibility that other shareholders may gain approval to lift their stakes. The NSW In..
David Jones has defended its decision to disclose an unsolicited $1.65 billion takeover offer from a mystery UK private equity firm even though it had doubts about its credibility. The troubled dep..
An impressive rise in building approvals in May should be taken with a grain of salt, economists say. But the approvals increase has provided fuel for the central bank's decision on Tuesday to keep..
Stocks to watch on the Australian stock exchange on Tuesday, July 3 ALL - ARISTOCRAT LEISURE LTD - down 31 cents at $2.45 Shares in Aristocrat Leisure fell more than 11 per cent after the compan..
The Australian sharemarket has closed higher, following gains on US and European markets in the wake of last week's summit of European Union leaders. On Wall Street on Friday, stocks jumped two per..
Homes prices across Australia's capital cities have rebounded and could continue to climb if the central bank slashes rates again. The RP-Data-Rismark Home Value Index recorded an average one per c..
Lend Lease has cheered investors with expectations of a modest rise in operating profit for the 2011/12 financial year. Shares in the developer bounced by more than four per cent on Monday when Len..
The once in a century boom for most Australian miners appears to be over although resource houses with good projects should still receive support from the market. Platypus Asset Management chief in..
A deal struck by European leaders to address the eurozone sovereign debt crisis gives Australia's central bank another reason not to cut official interest rates this week. However, future reduction..
Hopes of a $1.65 billion takeover deal for David Jones have been dashed, with the mystery British private equity group behind the proposal making a quick retreat. EB Private Equity (EBPE) on Monday..
Troubled clothing maker Pacific Brands has trimmed $25 million from its debt pile thanks to stronger cash flows and the sale of two surplus properties. Pacific Brands has been trying to reduce its ..
Stocks to watch on the Australian stock exchange on Monday, July 2 DJS - DAVID JONES LTD - up 33 cents or 14.6 per cent at $2.59 David Jones has been offered $1.65 billion for a full takeover by..
A roundup of trading on major world markets: NEW YORK - US stocks leapt two per cent on Friday sparked by the dramatic measures adopted in Brussels to stem the eurozone crisis and stimulate growth,..
Shares in Aristocrat Leisure fell more than 11 per cent after the company failed to impress investors when it said it expects an improved first half profit. The gaming machine supplier closed 31 ce..
