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The Australian sharemarket was dragged almost two per cent lower after the release of weak manufacturing figures from China. At 1615 AEDT, the benchmark S&P/ASX200 index was 82 points, or 1.98 ..
Wine producer Australian Vintage says its results for the financial year so far are ahead of the same period last year. But the owner of brands including McGuigan, Miranda, Tempus Two and Yaldara s..
Virgin Australia chief executive John Borghetti says he is encouraged by the airline's trading performance so far in 2011/12, with profits to date up from the prior year despite higher fuel costs.In a..
ANZ Banking Group chief executive Mike Smith will succeed Commonwealth Bank chief executive Ralph Norris as chairman of the Australian Bankers' Association (ABA). Mr Norris retires from CBA at the ..
Total construction work done in Australia rose 12.5 per cent in the September quarter, according to new figures. Construction work in chain volume terms, seasonally adjusted, was valued at $47.467 ..
Property developer Stockland has affirmed its full-year guidance despite soft sales in the first two months of the financial year. Managing director Matthew Quinn on Wednesday said soft residential..
The US Federal Reserve says it will test 31 major US banks in 2012 to see if they can deal with a severe economic shock, part of Wall Street reforms aimed at preventing a fresh financial crisis.The an..
Stocks to watch on the Australian stock exchange Wednesdsay, November 23 BLS - BLUESCOPE STEEL LTD - last traded at 61 cents, in trading halt BlueScope Steel plans to sell $600 million in new sh..
A roundup of trading on major world markets: NEW YORK - US stock markets traded choppily on Tuesday, with the Dow Jones Industrial Average squeezed by a sharp downward revision to US growth figures..
Shares in wealth manager IOOF Holdings have slumped to an almost seven-week low after the company flagged a drop of up to 16 per cent in underlying profit. Falling global equity markets have reduce..
Financially beleaguered BlueScope Steel has embarked on a deeply discounted $600 million capital raising to tackle debt and try and turn around its fortunes. Australia's largest steelmaker will use..
Australian shares closed weaker for the second day in a row but were relatively better performers than US and European bourses, which sold off on renewed sovereign debt concerns. At the close on Tu..
Origin Energy has agreed to purchase power generated by a wind farm near Canberra as it seeks to meet its renewable energy targets. The company will be supplied with large scale generation certific..
Shareholders have approved efforts of Challenger Ltd to improve its remuneration policy after a resoundingly negative reaction 12 months ago. Over 90 per cent of shareholder votes at Challenger's a..
Securityholders have backed Centro's restructure but the shopping centre owner still faces another hurdle before it can go ahead with the overhaul. Centro Retail Group (CER) and Centro Properties G..
Shoe retailer RCG Corporation says it's on the path for earnings per share growth this year despite what it describes as the worst trading conditions in three decades. RCG operates The Athlete's Fo..
Thorn Group expects to increase full year profit by more than 20 per cent to $28 million as lower income households rent fridges and washing machines for longer. The company, which owns brands such..
The Australian dollar fell one US cent and was still trading near six week lows on persistent fears surrounding debt crises in Europe and the US. OZForex foreign exchange dealer Carly Pickering sai..
Stocks to watch on the Australian stock exchange on Tuesday: QAN - QANTAS AIRWAYS LTD - down two cents, or 1.2 per cent, at $1.64 Negotiations between Qantas and two unions representing its work..
A roundup of trading on major world markets: NEW YORK - US stock markets tanked Monday on news that Congress probably has failed to reach a deal to cut the country's massive budget deficit and to e..
The Australian share market closed marginally lower as wary investors held fire ahead of a Wednesday deadline for a long-term solution to the US debt crisis. Europe's debt woes also continue to dam..
Steelmaker OneSteel expects conditions for the Australian steel industry to remain challenging. "In Australian steel, we are currently not seeing any improvement in overall activity levels or deman..
Online jobs website business and education services provider Seek says it expects to post earnings growth in 2011/12, provided the jobless rate stays below six per cent.Seek operates three main busine..
Qantas and its pilots have failed to reach an agreement and are now headed for binding arbitration. A Qantas spokesman told AAP on Monday the union and the airline had decided it "was not possible ..
Murchison Metals is ready to throw the baby out with the bathwater, continuing talks to sell its stakes in the beleaguered Oakajee port project and its sole producing mine in Western Australia. Suc..
