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New car sales were virtually flat last month, amid uncertainty around the federal election and the former government's moves to tighten fringe benefits tax (FBT) provisions. New car sales in August..
The Australian share market is trading relatively flat after a weaker than expected performance from Wall Street. Investors are also cautious ahead of on an important central bank meeting in the US..
Regis Resources has more than doubled its full year profit due to a boost in gold sales and higher prices.The gold miner made a net profit of $145.7 million in the year to June 30, up from $68.2 milli..
The Reserve Bank is inclined to make another interest rate cut, but it doesn't look like it will happen soon."Members agreed that the Bank should neither close off the possibility of reducing rates fu..
Retailer Premier Investments is taking its children's brand Smiggle to the UK as it forecasts a sluggish Australian retail environment.The aggressive growth strategy for Smiggle, and the continued exp..
US stocks have mostly gained, helped by news that Larry Summers, perceived as in favour of tighter monetary policy, pulled out of the race to lead the Federal Reserve. The Dow Jones Industrial Aver..
The British government has earned STG3.2 billion ($A5.49 billion) from the sale of 6.0 per cent of part-nationalised Lloyds Banking Group.The coalition government had on Monday launched plans to sell ..
The Australian share market has closed higher after former US Treasury secretary Larry Summers pulled out of the race to head the US Federal Reserve. At the close on Monday, the benchmark S&P/A..
Energy giant AGL has appointed a new chief executive and three new directors to the Australian Power and Gas Company (APG) as part of its takeover of the electricity provider. AGL has now acquired ..
Housing prices continued their rise in the week after the federal election, new figures show. The RP Data-Rismark Daily Home Value Index for the five mainland state capitals rose by 0.5 per cent in..
John Alexander, a key ally of Crown casino group chairman James Packer, has had his employment contract extended for an indefinite period. His new contract also includes a clause banning him from w..
Australian shopping centre giant Westfield is selling seven US malls for $US1.64 billion ($A1.76 billion). Private equity company Starwood Capital Group will own and manage the assets in Ohio, Wash..
Want to know how to earn $48,000 in 10 minutes? It doesn't involve playing the lottery, or even getting out of your seat - just check the interest rate you're paying on your home loan and chances a..
The Australian share market has opened more than three-quarters of a per cent higher. At 1010 AEST on Monday, the benchmark S&P/ASX200 index was up 45.4 points, or 0.87 per cent, at 5,265.0, wh..
A depressed rare earths market has forced Lynas to postpone its expansion and renegotiate a $225 million debt facility.The Australian rare earths miner, one of the world's few non-Chinese producers, w..
US stocks have scored modest gains despite a mediocre retail sales report and a disappointing read on consumer sentiment. The Dow Jones Industrial Average added 75.42 (0.49 per cent) at 15,376.06 o..
The Australian market closed lower on Friday after a seven-day run of gains that had pushed share prices to five-year highs. Investors booked profits in anticipation of shares falling next week if,..
Former CSL boss Brian McNamee left the top position at blood products and vaccines supplier at the end of June with pay and entitlements worth almost $20 million. Dr McNamee spent 23 years as chief..
Etihad Airways has increased its stake in Virgin Australia, surpassing Richard Branson's Virgin Group as the airline's third largest shareholder. Abu Dhabi-based Etihad paid $11.8 million for 27.4 ..
ANZ's interest rates will be left unchanged for the next month. The bank decided to leave its standard variable mortgage rate at 5.88 per cent at latest rate review meeting, after the Reserve Bank ..
Aquila Resources has rebounded into profit as it offloads assets and plans to bring its Eagle Downs project into production by 2017. Aquila said 2012-13 profit was $317 million following a loss of ..
Energy giant AGL has increased its stake in rival Australian Power and Gas Company (APG) to more than 75 per cent and hopes to fast-track the remainder of its takeover process. AGL on Friday said i..
Australian shares have fallen from their five year highs as investors are unwilling to push prices higher. The local market is following negative leads from markets in the US and Europe, ahead of a..
The world's largest drilling company Boart Longyear has had its credit rating downgraded as it braces for a tough year ahead. Ratings agency Standard and Poor's cut the company's credit rating from..
A US court has approved the bankruptcy plan of American Airlines's parent company AMR, a key part of a proposed American-US Airways merger deal facing a government antitrust challenge. US Bankruptc..
