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Profit margins are being squeezed as businesses are forced to absorb rising production costs in the face of weak consumer spending, economists say.The Australian producer price index (PPI), a measure ..
Grains marketer GrainCorp has boosted its malting operations, agreeing to buy a German maltster for an enterprise value of about $77 million.GrainCorp said the takeover of GermanMalt GmbH & Co would m..
The White House and top lawmakers are scrambling to reach a deal to save the world's richest country from a disastrous default on its debt.With global financial markets on edge, US President Barack Ob..
Mixed earnings reports - with General Electric and McDonald's beating expectations, while Caterpillar fell short - held back US markets on Friday, though Microsoft gave Nasdaq a solid boost.Caterpilla..
The White House says there is "momentum" toward a deal to avert a disastrous early August debt default, but has denied media reports that a compromise with top lawmakers may be imminent. President ..
Stocks to watch on the Australian stock exchange at close on Friday:AIZ - AIR NEW ZEALAND LTD - up 1.5 cents at 95 centsVBA - VIRGIN BLUE HOLDINGS LTD - up half a cent at 30.5 centsAir NZ chief financ..
Australia's 'terms of trade' most likely hit a new high in the June quarter as export price growth soared past prices paid for imports, figures show. The terms of trade is an index of the ratio o..
Commonwealth Bank of Australia (CBA) has elevated one of its New Zealand-born banking executives Ian Narev as its new chief executive, to replace compatriot Ralph Norris.But 44 year-old Mr Narev will ..
Ratings agency Standard & Poor's warned Thursday that the fight over the US debt ceiling could exacerbate the global tensions arising from Europe's troubled economies. S&P also reiterated t..
A roundup of news in finance, economics and business from around the world:INTERNATIONAL NEWSBRUSSELS - Eurozone leaders struck a deal worth 159 billion euros ($A211.59 billion) to save Greece from ba..
US stocks rallied on Thursday as eurozone leaders clinched a deal to bail out Greece, boosting financial stocks that had been battered in recent weeks by fears of a European debt crisis. The Dow Jo..
The big US banks showed signs of resilience in their second-quarter earnings, but the sluggish economy and fallout from the subprime mortgage debacle weighed on profits.Over the past week, Bank of Ame..
The US economy's spring slump appears to be extending into the summer, according to a slew of mixed data released on Thursday.Layoffs are rising. Manufacturing activity in the Northeast expanded only ..
Stocks to watch on the Australian stock exchange on Friday:FNP - FREEDOM NUTRITIONAL PRODUCTS LTD - steady at 34 centsFreedom Foods Group wants to exercise an option to take a further 18.7 million ful..
Stocks to watch on the Australian stock exchange at noon on Thursday:FNP - FREEDOM NUTRITIONAL PRODUCTS LTD - untraded at 34 centsAustralia's Freedom Foods Group says it wants to exercise an option to..
The dollar slumped on Wednesday as markets awaited a resolution to the debt-ceiling standoff in Washington, while the euro rose amid hopes for a productive eurozone summit in Brussels this week.The do..
Stocks to watch on the Australian stock exchange on Thursday:AIO - ASCIANO LTD - up 7.5 cents at $1.695Asciano has signed a new five year container contract with Danish shipping giant Maersk Line.BHP ..
US stocks fell slightly on Wednesday as investors waited for a resolution to the debt-ceiling standoff in Washington and digested a series of favourable company earnings reports.The Dow Jones Industri..
BHP Billiton's record-laden full year production report has impressed analysts, but they don't expect to upgrade profit forecasts for the mining giant on the back of the output result.BHP Billiton on ..
Apple on Tuesday reported that revenue and profit rocketed to record highs in the recent quarter as sales of iPhones and iPads more than doubled.Apple said its net profit more than doubled to $US7.31 ..
The New Zealand powered to a new post-float high against the greenback as gains in stocks helped lift global risk appetite, boosting higher-yielding currencies.Stocks in the United States rallied as p..
Coca-Cola Co says its second-quarter net income rose 18 per cent as it sold more drinks around the world, especially its namesake brand.The world's largest beverage maker earned $US2.8 billion ($A2.65..
US stocks took a beating on Monday as the debt-ceiling battle in Washington and the broadening debt crisis in Europe weighed on investor confidence.The Dow Jones Industrial Average fell 94.57 points (..
Swiss drugmaker Novartis AG saw net profits rise 12 per cent to $US2.73 billion ($A2.58 billion) in the second quarter amid strong sales of new products and healthy growth in emerging markets such as ..
Britain's competition watchdog reiterated its ruling for Spanish-owned airports operator BAA to sell two more airports including London Stansted."BAA will be required to sell Stansted Airport followed..
