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Australia's largest brick and tile maker is banking on a new wave of first home buyers settling on the outskirts of Sydney and Perth. Brickworks reported a 54 per fall in first half profit on Thurs..
Foxtel boss Richard Freudenstein is talking up the economic benefits of the pay TV provider's planned takeover of Austar as the competition watchdog mulls over the deal. Mr Freudenstein says Foxtel..
The competition watchdog is set to approve an alliance between Virgin Australia and West Australian regional airline Skywest. A draft decision made by the Australian Competition and Consumer Commis..
Stocks to watch on the Australian stock exchange on Thursday, March 21 ANZ - ANZ BANKING GROUP LTD - down 11 cents at $22.42 CBA - COMMONWEALTH BANK OF AUSTRALIA - down 27 cents at $48.63 NAB..
US stocks have closed mostly lower after a mixed report on existing-home sales showed a rocky but improving recovery in the depressed housing market. The Dow Jones Industrial Average fell 45.57 poi..
The Australian share market closed lower, with mining stocks suffering heavy falls as investors fretted over fresh signs of a slowing Chinese economy. The benchmark S&P/ASX200 index closed down..
Investors have baulked at David Jones' ambitious plans to revamp its customer service and boost online sales after digesting news that full year profits could slump by as much as 40 per cent. David..
Relief for Australia's big banks could be just around the corner thanks to a recent drop in wholesale funding costs which will help boost earnings. The banks have recently complained about spiralli..
Kathmandu's boss Peter Halkett is hoping for some bracing winds and icy conditions to improve the troubled outdoor clothing retailer's profits. Kathmandu on Tuesday reported a 43 per cent slide in ..
The global commodities giant set to take control of agribusiness Viterra's Australian operations says it has no plans to change the way the business operates. After weeks of takeover speculation, S..
The high iron ore price is unsustainable and will fall substantially in coming years as China's use of steel becomes less intense, an analyst warns. Current elevated prices for iron ore are unlikel..
Federal Reserve Chairman Ben Bernanke says the threats from Europe's debt crisis have eased in recent weeks, but US money market funds remain exposed to risky European assets. In testimony prepared..
The Australian economy will continue to grow at a sluggish and below-trend pace, an industry study shows. The Westpac-Melbourne Institute leading index of economic activity, which indicates the lik..
US stocks have posted modest losses amid concerns about cooling economic growth in China and mixed data on the troubled US housing construction sector. The Dow Jones Industrial Average dropped 68.9..
Vodafone has scotched rumours that it is looking to offload its Australian mobile phone joint venture. The news came as the former head of Vodafone in Japan and the United Kingdom, Bill Morrow, was..
The federal government faces a possible High Court challenge to its mining tax led by Australia's third-largest iron ore producer and backed by at least one mining boom state. WA-based mining giant..
The Australian share market finished weaker in line with Asia bourses, as investors digested comments on monetary policy from the central bank amid concerns about a possible slowing of China's demand ..
Businesses will be banned from imposing excessive credit card charges on customers under plans being developed by the Reserve Bank of Australia (RBA). Under the proposal, credit card providers such..
The Reserve Bank of Australia (RBA) believes interest rates are at the right level to balance out the effect of Australia's surging resources sector against weaker industries like manufacturing and re..
Optus workers are the latest to find themselves in the firing line as the telco reviews its operations. Optus on Tuesday confirmed it would cut its 9,500-strong workforce as management casts an eye..
An increase in the number of customers taking up home phone bundle plans has given TPG Telecom a 65 per cent lift in its first half profit. The telco still expects its full year earnings to rise by..
BHP Billiton's admission that growth in Chinese demand for iron ore was flattening helped send both the Australian dollar and share market south. Growth in Chinese demand for iron ore had in recent..
African-focussed iron ore explorers Sundance Resources and Equatorial Resources are exploring the potential to share rail infrastructure. Sundance's Mbalam/Nabeba iron ore project straddles the rep..
Stocks to watch on the Australian stock exchange early on Tuesday: COH - COCHLEAR LTD - up 70 cents at $57.95 Ear implant manufacturer Cochlear has led its workers "down the garden path" by refu..
US stocks have finished at new multi-year highs, extending last week's solid gains, after Apple's shock announcement of a massive dividend plan and share buyback plan and UPS's takeover deal for TNT. ..
