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Building fixtures supplier GWA Group says it will further cut jobs and warned that already fragile demand could be squeezed by the banks jacking up mortgage rates this week. GWA Group on Tuesday re..
The banking industry has welcomed comments from the central bank acknowledging their rising funding costs in the wake of the euro zone debt crisis. Australian Bankers' Association (ABA) chief execu..
Africa-focused uranium producer Paladin Energy has widened its first half net loss from the previous corresponding period even though it achieved record production. The Perth-based company, which i..
The world's largest copper mine, in Chile, is poised to expand under plans unveiled by its investment partners BHP Billiton and Rio Tinto. The mining giants on Tuesday announced a total investment ..
Business conditions improved a little in January, as the global economic outlook begins to look a bit better, a survey shows. The National Australia Bank (NAB) Business Survey, released on Tuesday,..
US stocks closed higher on Monday after the Greek parliament's approval of tough austerity measures paved the way for a new financial rescue of the country. At the closing bell the Dow Jones Indust..
Stocks to watch on the Australian stock exchange early on Tuesday: AAI - ALCOA INCORPORATED - steady at $10.50 Prime Minister Julia Gillard is meeting with workers from the struggling Victorian ..
The Australian share market closed strongly, with investors delighted after the Greek parliament voted for an austerity package needed to obtain bailout funds. After a slow start, the benchmark S&a..
Murchison Metals shareholders have backed the sale of key assets to the company's equal joint venture partner, Japan's Mitsubishi, clearing the way for the $325 million deal to proceed. Murchison's..
Home entertainment retailer JB Hi-Fi expects sales to increase in 2012 as shoppers recover from a bout of post-Christmas fatigue. Unveiling a 9.4 per cent slide in first half profit on Monday, chie..
Leighton Holdings' chief executive Hamish Tyrwhitt says he is shocked to have uncovered an alleged case of improper payments being made by one of the company's subsidiaries in Iraq. Leighton Holdin..
Expectations of a strengthening housing sector have been helped by new figures showing a rise in the value of new home loan commitments to a two-year high, economists say. However, some economists ..
The ANZ bank is cutting almost 500 more jobs and aims to cut more this financial year. The move has come under immediate attack from the Finance Sector Union (FSU), which says there's no justificat..
Stocks to watch on the Australian stock exchange early on Monday: ANZ - ANZ BANKING GROUP LTD - down 20 cents at $21.42 Banking Group has raised its variable interest rates for retail mortgages ..
A roundup of trading on major world markets: NEW YORK - US stock markets tumbled on Friday as new doubts surfaced over Greece's debt deal that just two days earlier seemed likely to go ahead. En..
The Australian share market is tipped to open as much as one per cent lower on Monday as jittery investors await the outcome of the Greek parliament's crucial vote on a 130 billion euro ($A160 billion..
The Australian share market closed lower on Friday as investors pondered possible weakening in the resources sector, a hold on interest rates this week, a soaring Aussie dollar and Greece's debt crisi..
Banks clawed back margins on home loans in late 2011 with average interest rates on new variable mortgages declining by less than the overnight cash rate, the Reserve Bank of Australia (RBA) says. ..
Borrowers are bracing for more interest rate hikes after ANZ Banking Group became the first to raise interest rates in defiance of the Reserve Bank of Australia (RBA). ANZ's move on Friday came thr..
James Hardie will receive more than $300 million after winning a legal dispute with the Australian Taxation Office (ATO). More than one third of the amount will be paid into a compensation fund for..
Newcrest Mining has forecast a continuing strength in the gold price after reporting a record high first half profit, driven by stronger gold, silver and copper sales. Shares in Newcrest, Australia..
Newcrest Mining expects gold to rise to as high as $US2,500 per ounce but the price will remain volatile, amid ongoing currency fluctuations and the uncertain global economic outlook. Gold rose to ..
The Reserve Bank of Australia has not given any new clues about the interest rate outlook in its quarterly monetary policy statement. The central message seems to be that rates are on hold for the ..
The stock market finally got a deal in Greece, but it didn't produce much of a rally. US stocks rose on Thursday morning after Greece announced an agreement to cut costs and keep from defaulting on..
Stocks to watch on the Australian stock exchange early on Friday: AAI - ALCOA INCORPORATED - steady at 10.50 Victorian Treasurer Kim Wells has pledged to support Alcoa to help keep the jobs of 6..
