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Westfield Group has received the green light to buy a Perth shopping centre, but only if it sells another nearby centre. Westfield holds a 33 per cent stake in the Karrinyup Shopping Centre, and wa..
The Australian market has been dragged lower by banking and resource stocks. Weaker commodity prices overnight and a Goldman Sachs report suggesting Australian bank stocks were too expensive have b..
The local share market is lower as investors hold out for the federal election and America's response to Syria. The All Ordinaries were down 11.4 points, or 0.22 per cent, at 5,145.1 in early trade..
The man hired by Newcrest Mining to investigate its disclosure scandal has found no "smoking gun".But he admits he did not interview any of the financial analysts involved.Newcrest's share price plung..
Wall Street stocks have jumped after surging US auto sales pointed to robustness in the manufacturing sector. The Dow Jones Industrial Average rose 96.91 (0.65 per cent) to 14,930.87. The broad-..
Payment solutions firm Smartpay Holdings is aiming to run EFTPOS terminals for Australian banks. Auckland-based Smartpay provides EFTPOS terminals, service and support to merchants in return for a ..
The Australian dollar has hit a fresh two-week high after the release of solid economic growth figures for the June quarter. At 1200 AEST on Wednesday, the local unit was trading at 90.92 US cents,..
Hills Holdings has sold another of its manufacturing businesses, and expanded its technology operations into the healthcare sector. Hills, the maker of the Hills Hoist, has sold plumbing supplier L..
The Australian share market has lost ground as renewed concerns about a possible US military strike on Syria outweighed encouraging figures on economic growth. There was a knee-jerk reaction by inv..
Australia's economic growth remains solid but the devil is in the detail. Australia's gross domestic product (GDP) was up 0.6 per cent in the June quarter, for an annual rate of 2.6 per cent, the l..
Engineering firm Monadelphous Group has won a $235 million construction contract for work on an iron ore port being built for Rio Tinto. Monadelphous said the contract is for work on Rio's Cape Lam..
The Australian dollar has risen a quarter of a US cent after the release of economic growth data.Gross domestic product (GDP) grew by 0.6 per cent in the June quarter, in line with economists' expecta..
The Australian economy remains sluggish but is benefiting from a boost in resources exports.Australia's economy grew by 0.6 per cent in the June quarter, figures released by the Australian Bureau of S..
New Zealand has overtaken Australia for the first time on the World Economic Forum's annual global competitiveness index. New Zealand has climbed five places to be ranked 18th for global competitiv..
US stocks have kicked off a holiday-shortened week higher, but concerns about a possible US military strike on Syria cut into early gains. The Dow Jones Industrial Average added 23.65 (0.16 per cen..
The Australian share market has closed slightly higher despite disappointing figures on retail sales and Australia's widening current account deficit. "I think we're still to a large degree running..
The Reserve Bank of Australia has signalled it's happy to maintain its current perch on the fence. The central bank validated widely held expectations by leaving the benchmark cash rate on hold at ..
Receivers are preparing to put Nathan Tinkler's Aston Metals resources company up for sale after it failed to pay its debts. The metals explorer, which owns five projects around Mt Isa in Queenslan..
Government spending fell by 5.6 per cent in real terms in the June quarter, Australian Bureau of Statistics (ABS) figures show. The figures were distorted by the transfer of the NSW port assets, wo..
Beleaguered Finnish company Nokia has announced the sale of its mobile phone unit to Microsoft for $US5.44 billion euros ($A6.08 billion), bringing to an end its days as a phone-maker.Nokia will grant..
Australia's balance sheet has received a bit of a blow, which may mean a sluggish result for June quarter gross domestic product (GDP) figures, due out on Wednesday.Balance of payments and internation..
A warm winter and the upcoming federal election may be to blame for disappointing retail spending figures.Retail spending rose 0.1 per cent in July, according to figures released by the Australian Bur..
The competition watchdog has given the green light for a trans-Tasman airline alliance between Virgin Australia and Air New Zealand to continue for another five years.Australian Competition and Consum..
Australian stocks have opened slightly higher following positive leads from European markets. CMC chief market analyst Ric Spooner said the market had taken its cue from official figures which show..
AMP Capital and China's biggest insurer China Life will establish a new funds management company in China with the hope of handling some of the $800 billion on offer.AMP will hold a 15 per cent stake ..
