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Australia's domestic flights were a little roomier for the travelling public in March, with the growth in passenger numbers failing to match the extra seats added into the market.Figures from the Bure..
Shares in Echo Entertainment have plunged to a record low after Crown sold its stake in its casino-operating rival.At 1155 AEST, Echo shares were down more than 10 per cent to $3.09, a slight improvem..
The Australian dollar has surged more than one-and-a-half US cents higher from Thursday's low point, as the US dollar lost ground against all the major currencies.At 0700 AEST on Friday, the Australia..
Sales of new US homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, in further signs housing is recovering.The Commerce De..
Tokyo stocks have lost their early gains as they tumbled back into the red, a day after suffering the worst one-session drop since Japan's March 2011 quake-tsunami disaster.The benchmark Nikkei 225, w..
James Packer's exit from Echo Entertainment is a signal the Crown boss no longer sees the rival casino company as a threat to his plan for a luxury Sydney gambling resort.Echo shares plunged 11.9 per ..
US stocks have finished slightly lower, little-affected by a sharp selloff in Asian and European markets led by the 7.3 per cent plunge of Japan's Nikkei 225 index. The Dow Jones Industrial Average..
Australian stocks suffered their biggest one-day fall in two months as more than $32 billion was wiped from the value of the bourse. The four major banks and Telstra were the biggest losers as earl..
The two car makers left standing following Ford's decision to get out have reaffirmed their commitment to Australia, for now at least.However the dominant view is that the Australian car manufacturing..
Veolia Transport Auckland, which runs the city's urban passenger trains, almost doubled its annual profit last year after it changed the way it does business.Veolia, a unit of Paris-based Veolia Trans..
The Australian dollar keeps falling and Uncle Sam is completely to blame.The currency is plumbing one-year lows, heading past 96.50 US cent on Thursday, after being above parity for most of the past y..
Telstra is not saying how many jobs may be lost as part of a major restructure of its internal operations.Australia's largest telco is expected to outline how many of the company's 30,000 Australian s..
DuluxGroup has stopped supplying its premium paint and woodcare products from Masters and Danks corporate stores to work more closely with other partners.The decision was in response to US-owned paint..
Perth has an opportunity to become the best oil and gas technology centre in Asia by modelling itself on major hubs in Scotland and Norway. Some of the world's biggest oil and gas companies continu..
Panicky investors have dumped shares on the Tokyo market, sending the main index plunging more than seven per cent on weak Chinese data after months of sharp climbs. The Nikkei 225 index on Thursda..
James Hardie expects no major improvement in the housing market this year but says the sector has now stabilised after recent interest rate cuts.Chief executive Louis Gries says the building products ..
US stocks have opened slightly higher as the market looked ahead to congressional testimony by Federal Reserve Chairman Ben Bernanke.Five minutes into trade on Wednesday, the Dow Jones Industrial Aver..
Australian stocks closed lower for a second consecutive day, dragged down by the banks and a surprisingly poor consumer sentiment report. The big four banks were trading positively until the releas..
Iluka Resources says lower prices for its mineral sands will cause a fall in earnings in 2013. But prices have stabilised and demand is increasing, the company's managing director, David Robb, told..
Cement and lime manufacturer Adelaide Brighton expects net profit in 2013 to be flat or slightly below 2012 levels due to the effects of weak demand and the carbon tax. "2013 full-year net profit a..
A mining giant is refusing to hire local workers for its two new central Queensland coal mines, a union claims. BHP Billiton Mitsubishi Alliance (BMA) announced earlier this year that 1000 fly-in, ..
Myer boss Bernie Brookes says he's a fan of the falling Australian dollar as it will have more benefits for the department store than downsides.After spending most of the past two years trading above ..
More Australians were feeling bad about the economy in the week the federal budget was released. The Westpac/Melbourne Institute index of consumer sentiment in May fell below 100 points indicating ..
Nathan Tinkler faces having his assets and those of his wife and family frozen after liquidators applied for a court injunction.Liquidators Ferrier Hodgson, acting on behalf of creditors of the one-ti..
US stocks have closed higher after a strong earnings report from Home Depot and as the market anticipates Wednesday's testimony in Congress by Federal Reserve Chairman Ben Bernanke. The Dow Jones I..
