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Casinos operator Crown Resorts says tax rates on high-roller play at its Melbourne casino are making the facility uncompetitive with other casinos in Australia and Asia. Crown Resorts chief executi..
Oil and gas producer Santos has flagged higher dividends as it prepares to boost production. Santos expects to double its earnings and operating cash flow over the next two years as the Papua New G..
Insurance Australia Group has lifted its first half profit almost by 40 per cent despite a decline in its margins due to higher than expected claims. The owner of brands such as NRMA and CGU incurr..
US stocks have rallied, as investors shrugged off some disappointing US economic data that was largely chalked up to severe winter weather. The Dow Jones Industrial Average gained 92.67 points (0.5..
National Australia Bank has grown its quarterly cash profit to $1.55 billion, but warns it could face more costs in its troubled UK businesses. Improved earnings in the UK operations was marred by ..
The Australian share market has finished a touch higher as investors reacted positively to strong earnings reports from major companies. However, the gains were trimmed late in afternoon trade foll..
A key index of Chinese manufacturing contracted further in February to hit its lowest level in seven months, HSBC says, in a sign of diminishing strength in the world's second-largest economy. The ..
Positive reactions to earnings reports from several major companies have pushed the share market higher. Morning trade had been mildly positive despite a negative lead from US markets, IG market st..
Internet service provider iiNet's half year net profit is down nine per cent. The company made a net profit of $29 million for the six months to December 31, compared to $31.9 million in the same p..
Shares in Fairfax Media have risen to their highest level in more than two years after the media group reported improved underlying profit and earnings in its first half. Fairfax shares were up 25...
Spending has risen for the 17th consecutive month as business conditions improve, partly thanks to a lower Australian dollar. Economy-wide spending in January rose 2.2 per cent, according to the Co..
Households can look forward to some power bill relief this year due to fierce competition between energy retailers. Origin Energy managing director Grant King said his company's gross profit per cu..
Australia's largest life insurer, AMP, has suffered a fall in full year profit on the back of higher claims and the loss of customers. Net profit fell two per cent to $672 million for the year to D..
Construction giant Leighton Holdings has emerged from its scandal-filled 2013 with a higher than expected profit and predictions for a better result this year. Leighton chief executive Hamish Tyrwh..
New home construction and building permits plunged more than expected in January amid severe winter weather in large parts of the United States, official data shows. Housing starts plummeted 16.0 p..
US stocks have finished lower after minutes from the latest US Federal Reserve meeting showed some policymakers sought an early hike in the Fed's benchmark interest rate. The Dow Jones Industrial A..
The share market has closed slightly higher but gave away most of its earlier gains as investors took profits late in the session. The market stumbled in the afternoon on the back of weakness in th..
Telstra is cutting 800 jobs from its directories business Sensis with a union fearing most will go offshore and more could follow. Sensis said the restructure is designed to support its digital tra..
Fortescue Metals has more than tripled its half year profit to a record $US1.71 billion ($A1.9 billion) and maintained its production targets. The world's fourth biggest iron ore miner's profit in ..
Australian wages growth has been the weakest in at least 17 years as the mining boom slows down and unemployment climbs. Total hourly rates of pay, excluding bonuses, rose by a seasonally adjusted ..
Engineering firm Leighton Holdings has won a third contract to work on the construction of Hong Kong's Central-Wan Chai Bypass tunnel. Under the deal worth $453 million, Leighton Asia, India and Of..
Transport and logistics firm Toll Group is not expecting a short term improvement in the economy, so says winning new business, improving productivity and cutting costs will be its focus. Managing ..
US home builders' confidence in the housing market has declined sharply as the severe weather battering much of America keeps many would-be buyers at home. Storms and cold weather dampened builders..
Wesfarmers boss Richard Goyder says there is more it can do to improve the performance of Coles, even after another strong earnings result from the supermarkets business. Coles lifted its pre-tax e..
Insurance and banking firm Suncorp Group has increased its dividend to shareholders despite a slide in its half year profit. The owner of the AAMI and GIO insurance brands received more insurance c..
