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Wage growth is restrained and should not put any significant pressure on inflation nor stand in the way of a future rate cut, economists say. Total hourly rates of pay, excluding bonuses, rose by a..
The Dow Jones Industrial Average topped 13,000 for the first time since May 2008 before falling back to close flat on Tuesday, in a bumpy day spurred by news of a long-awaited new bailout for Greece. ..
The debt swap between Greece and its private sector creditors will be held on March 12, a Greek finance ministry source says after a eurozone debt bailout deal was reached in Brussels. "The debt ex..
Stocks to watch on the Australian stock exchange early on Wednesday: AAI - ALCOA LTD - last traded at $10.50 Alcoa says it is not seeking to relocate staff en masse to a new plant in Saudi Arabi..
Flight Centre has upgraded its profit guidance as its Australian, UK and Dubai units posted strong growth and a strong local currency increased outbound travel. The travel agency group said on Tues..
The mining boom has propelled engineering firm Monadelphous's earnings to record levels as it posted a 26 per cent rise in first half profit. The company won $1.4 billion in new contracts during th..
Internet service provider iinet says it welcomes recent pricing moves by the competition regulator to open up the national broadband network to all players. However, the company, which on Tuesday r..
An agreement for a second bailout deal for Greece buoyed the Australian share market, with all market sectors moving into positive territory as investor confidence strengthened. At 1615 AEDT, the b..
After cost blowouts and delays in the Waratah Train project, Downer EDI's financial woes with the $3.6 billion taxpayer-funded rail project may now be behind it. The train manufacturer and engineer..
Steelmaker OneSteel expects a better second half result following a $74 million interim net loss, and has flagged job cuts as well as a name change to reflect its increasing focus on mining. OneSte..
The central bank has left room for another interest rate cut but only if global conditions worsen, economists say. The Reserve Bank of Australia (RBA) pointed to an improved global outlook as the m..
Stocks to watch on the Australian stock exchange early on Tuesday: AMC - AMCOR LTD - up 27 cents at $7.15 Packaging maker Amcor's first-half profit has fallen by nine per cent due to the strong ..
A roundup of trading on major world markets: NEW YORK - Wall Street markets were closed for the Presidents' Day public holiday. LONDON - Markets on Monday rose on hopes that Greece will finally ..
Billabong shares swelled by more than eight per cent amid speculation that a fresh takeover offer could trigger more bids for the troubled retailer. Billabong International received a second takeov..
BlueScope Steel has warned that the mining boom will not last forever and that struggling manufacturing companies will again be needed when it ends. BlueScope Steel chief executive Paul O'Malley on..
The Australian share market closed stronger after raft of positive earnings results and growing likelihood of euro zone finance ministers approving another bailout for Greece. The benchmark S&P..
Bendigo and Adelaide Bank boss Mike Hirst has defended the massive profits his industry makes, insisting they need to grow at least 12 per cent. Mr Hirst's comments on Monday echoed those of fellow..
Australia's biggest property developer Lend Lease expects the residential market to weaken further as consumers worry about the state of the local economy. The company on Monday said its net profit..
A record number of international travellers passed through Sydney Airport in January. International traffic in January hit a monthly record of 1.17 million passengers, up 2.3 per cent from the same..
Commonwealth Bank's new home loans have barely returned to profitability following its latest increase to standard variable interest rates, chief executive Ian Narev says. The bank on Monday lifted..
A roundup of trading on major world markets: NEW YORK - The Dow blue chips closed in the black Friday to end the week higher but the Nasdaq took a turn lower pulled down in part by a sharp fall in ..
Stocks to watch on the Australian stock exchange early on Monday, February 20 ANZ - ANZ BANKING GROUP LTD - up 35 cents at $21.55 ANZ Bank has hinted at further interest rate rises, despite its ..
The Australian share market finished stronger at a one-month high on the back of fresh investor optimism sparked by a robust Wall Street overnight. US stocks surged to their highest close of the ye..
Sims Metal Management says there are signs of a tentative recovery in the scrap metal recycling market but has not offered guidance for its full year after first half profit plunged into a loss. Si..
Oil and gas producer Santos has maintained its annual production guidance after delivering a big lift in profit, with four recently commissioned projects poised to drive output growth. Santos on Fr..
