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The competition watchdog has indicated it may be unable to deal with claims of anti-competitive behaviour by the major supermarket chains. A recent report from independent supermarket group Master ..
Pie Face, the Sydney-based bakery chain, has signed a memorandum of understanding with South Island Subway owners Jared Palmer and Julian Field to roll out at least 62 stores in New Zealand over 10 ye..
House prices across capital cities rose in the three months to June, but it is still cheaper for most Australians to buy a home today than it was a year ago. A national survey of home prices, relea..
The Commonwealth Bank of Australia (CBA) has raised $1.5 billion from institutional investors in its latest hybrid offer. CBA says it has completed the institutional bookbuild for the tier 1 hybrid..
Haier has signalled the possible sale of Fisher & Paykel Appliances' finance unit if it succeeds in its bid for control of the Auckland-based company. Shares of FPA jumped about 13 per cent to ..
Bank-bashing may be Australia's national sport, but consumers rate them as the safest place to park their hard-earned cash. A new survey has found the number of consumers who believe bank deposit a..
The US government has raked in $US15.1 billion ($A14.67 billion) in profits on its massive rescue of insurer AIG, the Treasury says in a rebuff to critics of the 2008-2009 bailout of the finance indus..
US stocks have mostly risen, lifted by upbeat economic data and hopes that a Federal Reserve meeting will deliver economic stimulus and a key German court decision will ease eurozone turmoil. The D..
Australian stocks closed slightly weaker ahead of a key German court decision about the eurozone funding package, with declines among the utilities and financial sectors leading the broader market low..
Personal finance loans rose by 0.1 per cent in July, official figures show. The Australian Bureau of Statistics (ABS) on Monday said personal finance commitments, seasonally-adjusted, increased to ..
Australian healthcare company CSL Biotherapies has been awarded a contract to supply pre-pandemic and pandemic vaccine antigens to the US Department of Health and Human Services. The contract has t..
Virgin Australia appears to be holding up well in the face of increased competition and extra seats in the domestic market, the airline's latest traffic figures show. Australia's second largest car..
The US Treasury says the sale of $US18 billion ($A17.49 billion) worth of stock in AIG will mean that the taxpayer funds used to bail out the insurance giant in 2008 have been "fully recovered". Th..
Good news for job seekers: employers are still hiring. A survey of Australian employers suggests the job market is likely to remain steady in the final three months of 2012. The latest Manpower ..
The Reserve Bank of Australia will probably not cut interest rates again this year, despite a gloomier outlook for the mining sector, according to economists at a major bank. The economy was experi..
The Queensland government has forecast a $10.768 billion deficit for this financial year and picked a fight with Canberra over mining royalties. Treasurer Tim Nicholls has handed down his inaugural..
Ports and rail operator Asciano says a five-year extension of an agreement with privately-owned logistics company Linfox will generate revenue of up to $400 million. Asciano's Pacific National rail..
US stocks have fallen as investors digested an unexpected decline in consumer credit, another weak signal on consumer spending, and Apple plummeted ahead of its expected iPhone 5 launch. The Dow Jo..
The Australian share market has closed slightly higher as investors digested economic data from the United States and China. On Monday, the benchmark S&P/ASX200 index rose eight points, or 0.18..
Pacific Brands' senior executives have had their pay packets frozen and incentives cut following a blowout in losses at the struggling clothing maker. In the company's annual report released on Mon..
Australian bond futures prices have moved higher amid weaker domestic data and hopes of a fresh stimulus package in the US. ANZ head of interest rate research Tony Morriss said market expectations ..
New Zealand shares rose, led by Fisher & Paykel Appliances, which soared to a four-year high after major shareholder Haier of China indicated it may buy the whole company. The NZX 50 Index rose..
Fears of the mining boom's end gained further strength after 900 coal mining jobs were slashed by global giants BHP Billiton and Xstrata's Australian operations. At least half of the job losses are..
Senior executives at Lend Lease's construction company Abigroup have stood aside because of potential omissions of profits and costs from its financial reports. Senior management at Lend Lease foun..
Four interest rate cuts in 10 months have failed to lure to would-be home buyers into the housing market. The number of home loans approved in July fell one per cent, according to figures released ..
