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Struggling rural services company Elders is set to axe about 150 jobs, or about 10 per cent of its workforce, as it re-organises and refinances its business and reduces its debt.Elders chief executive..
Foreign exchange traders have continued to sell the US dollar for the euro in the wake of last week's disappointing American jobs report. Near 0800 AEST on Tuesday, the euro traded at $US1.3254, up..
Weak US jobs data continue to drive Australian bond futures prices higher. The Australian bond market was given a boost after US non-farm payrolls came in weaker than expected on Friday night, show..
US stocks have risen, helped by optimism that a military strike on Syria might be avoided. The Dow Jones Industrial Average gained 140.62 (0.94 per cent) to 15,063.12 on Monday. The broad-based ..
Australian shares finished half a per cent higher, buoyed by a decisive election result and positive news from China and Japan. The nation's biggest miners gained more than one per cent and financi..
The fall-out continues for Newcrest Mining after its horror year, with boss Greg Robinson's annual pay cut by 27 per cent to $2.73 million. The pay cut came as the company last month posted a massi..
Cash Converters is seeking to raise $50 million to $60 million through an issue of corporate bonds to repay part of the group's existing debt and to fund further investments. The loans provider and..
Australian farmers are feeling more optimistic thanks to a weaker Australian dollar and good rainfall across the southern states during winter. The Rabobank Rural Confidence Survey recorded a signi..
Boat tours group SeaLink has announced it wants to float on the Australian Securities Exchange. SeaLink Travel Group Limited was established in 1989 when it bought Philanderer Ferries to transport ..
Australian shares are firmer as a coalition election victory helps the big miners. While Tony Abbott's team was widely expected to win power, RBS Morgans senior private client adviser Bill Chattert..
Home loans approvals have risen for the seventh month in a row, and the housing sector is expected to strengthen further in the coming months. The number of home loans approved in July rose 2.4 per..
US stocks have finished a volatile day little-changed as markets gyrated over competing headlines on the August US jobs report and the G20 debate among global leaders on Syria. The Dow Jones Indust..
The local share market finished flat as investors sit on their hands ahead of Saturday's federal election. Trading volumes were low on Friday as market players weighed up a probable coalition elect..
It came as a surprise to many this week that BHP Billiton proudly opened a new coal mine when the business has bled money in the last two years. Coal has become as much of an ugly word for investor..
Asia should not be viewed by Australians just as a market for resources, the chairman of Australia's Future Fund says. David Gonski says there are markets in Asia that are not so obvious, and can b..
BC Iron shares have fallen 2.5 per cent after a major shareholder, Consolidated Minerals, sold a 23 per cent stake in the company.Consolidated Minerals, which was a founding shareholder in BC Iron, so..
Property developer Mirvac has appointed former Suncorp chief executive John Mulcahy as its new chairman. Mr Mulcahy will replace James MacKenzie, who will step down at the company's annual general ..
Australian shares are flat as investors on hold until the election is over, with banking and mining stocks taking a hit. While a coalition victory is almost a certainty, CommSec market analyst Juli..
Shares in offshore oil and gas charter vessel company Miclyn Express have soared almost 10 per cent after a private equity syndicate launched a $150 million takeover bid for the company.CHAMP Marlin H..
US stocks have opened higher after a mediocre US jobs report raised doubts that the Federal Reserve will soon scale back its aggressive bond-buying program.Five minutes into trade on Friday, the Dow J..
Rio Tinto's aspiration of producing 360 million tonnes of iron ore each year is achievable, despite concern about its Pilbara expansion, analysts say. The mining giant has been showing analysts aro..
The Australian market has finished lower, pulled back by falls among resources and banking stocks. RBS Morgans client adviser Alistair McCorquodale said the big miners led the falls on Thursday, bu..
Cleanseas Tuna says it can't explain a 61 per cent rise in the value of its shares in the last week. Market operator ASX has asked the South Australian tuna farmer and research company if it knows ..
Mining services company Worley Parsons has scored a contract to build a rail link between an African port and a coal mine owned by Brazilian resources giant, Vale. The ASX-listed company will build..
Australia's trade balance fell into the red in July, but it should bounce into the black in the coming months as resource exports increase. The July deficit was $765 million, following a surplus of..
