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The Australian dollar rose to its highest level against its American counterpart in more than two weeks following better than expected domestic growth data. At 1700 AEST on Wednesday, the Australia..
Some small banks have begun to pass on the central bank's June rate cut, but home owners are still waiting for the big four to make a move. Beirut Hellenic Bank became the first lender to cut its i..
A strong finish to the fiscal year has enabled takeover target Alesco Corporation to upgrade its expected annual underlying profit. However, the supplier of garage doors, construction products, cab..
AGL Energy has raised $356.1 million through the institutional stage of its $900 capital raising to help pay for the Loy Yang brown coal power station. The offer to retail shareholders is open unti..
Television broadcaster Ten Network has tapped the market to raise $200 million to strengthen its balance sheet and invest in programming but says there is little sign of improvement in the advertising..
It seems we have not, all of a sudden, become a nation of layabouts who've lost the will to do better. The latest national accounts brought more good news than just the out-of-the-blue jump in econ..
Stocks to watch on the Australian stock exchange on Wednesday, June 6 ANZ- ANZ BANKING GROUP LTD - up 45 cents at $21.32 CBA - COMMONWEALTH BANK OF AUSTRALIA - up 95 cents at $50.00 NAB - NAT..
US stocks managed to eke out moderate gains in choppy trade Tuesday as investors weighed an unexpected growth pickup in the services sector and Europe's long-running financial crisis. The Dow Jones..
The Reserve Bank of Australia has cut the benchmark interest rate by 25 basis points to 3.5%, effective 6 June 2012. The reduction was in line with economists' expectations and follows a cut of 50 ..
Investors pulled a record amount of money out of Spain during the first quarter, official data shows, in a sign of deteriorating confidence in the country's debt-ridden economy.Capital outflows totall..
The Australian market has closed lower, dropping for a second straight day as ongoing worries from Europe hit financial stocks hardest. National Australia Bank stock going ex-dividend also added to..
Telstra has little to gain from buying free-to-air broadcaster Nine Entertainment, except for its rights to sport. However, an analyst says Telstra would struggle to get regulatory approval for suc..
David Jones is stepping back from its heavy discounting strategy to rely instead on its traditional clearance sales to reignite shopper interest. Chief executive Paul Zahra said given the poor perf..
Fortescue Metals Group (FMG) boss Neville Power says he is confident China's continued growth will help the company generate enough cashflow to reduce its large debt. Australia's third largest iron..
Pacific Brands has found a new chairman to take the reins of the beleaguered clothing maker as shareholders wait in hope for a fresh takeover offer. Nine Entertainment Co's chairman Peter Bush will..
Stocks to watch on the Australian stock exchange on Thursday, May 31 AAC - AUSTRALIAN AGRICULTURAL COMPANY LTD - down 2.5 cents at $1.17 Cattle producer Australian Agricultural Company has bough..
Oil prices have sunk to multi-month lows on worries about a possible Spanish bailout, with sentiment also hit as the US dollar soared to a near two-year peak against the European single currency. N..
India is expected to announce economic growth for the first quarter of 2012 of around 6.1 per cent, a near three-year low likely to increase the gloom shrouding the country. There is "extreme pessi..
Spain's borrowing costs have soared to reach their highest level since the country joined the eurozone, close to levels where other debt-stricken countries such as Greece and Ireland have asked for an..
Journalists at Fairfax Media in NSW have voted to go on strike for 36 hours over the outsourcing of 66 sub-editing jobs to New Zealand. The strike is effective from Wednesday night. Journalists ..
US stocks have opened mixed as fresh jobs and growth data painted a dull picture of growth in the economy.Five minutes into trade on Thursday, the Dow Jones Industrial Average was up 13.85 points, or ..
Weak retail figures, combined with pessimism around Spain, have pulled the Australian dollar almost one US cent lower. At 1700 AEST on Wednesday, the local currency was trading at 97.93 US cents, d..
The Australian share market has closed lower in the wake of weak retail trade data, reports that China's government may not stimulate economic growth as much as hoped for, and continued worries about ..
Target wants to shake off its budget image and become a cool brand among the teens and tweens. Target managing director Dene Rogers outlined the plans as part of the retailer's turnaround strategy...
Total construction work done in Australia rose 5.5 per cent in the March quarter, according to official data. Construction work in chain volume terms, seasonally adjusted, was valued at $48.300 bil..
