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Iron ore miner Fortescue is optimistic Chinese demand for steel will remain strong enough to keep the iron ore price well above $US100 a tonne. Markets have grown increasingly wary about China's fu..
Toy distributor Funtastic has lowered its earnings guidance and expects "tough Australian conditions" in the 2013/14 financial year. The company, which distributes Lego and Disney toys in Australia..
US stocks have opened higher after several leading companies bested earnings estimates and as investors welcomed news that China may enact new economic stimulus policies.Five minutes into trade on Tue..
The Australian share market closed at its highest levels in two months due to strong gains in the mining and energy sectors. The S&P/ASX200 index closed above 5,000 points for the first time si..
A car fleet management company says it has had to lay off a quarter of its staff as a result of federal government changes to tax concessions on company vehicles. Fleetcare, which bills itself as A..
Australia's largest listed investment company has recorded a 10 per cent rise in profit but says caution is needed in the local stock market. Australian Foundation Investment Company (AFIC) made a ..
A shareholders' rights group has taken aim at Billabong's planned recapitalisation deal, arguing competing offers for the surfwear icon should be considered. Billabong last week announced it had re..
BC Iron has reported a record production run at its joint venture Nullagine project it operates with Fortescue. The Nullagine project in Western Australia's Pilbara region shipped 1.6 million wet m..
US stocks ended mixed on Friday after strong earnings from some industrial companies were countered by feeble results from Microsoft and other technology companies. The Dow Jones Industrial Average..
The Australian share market has ended the week with a fall as negative sentiment across Asia prompted a selloff in local resources stocks. The market rose above 5,000 points in early trade, boosted..
Billabong is facing a challenge to its recapitalisation deal with private equity firm Altamont from two US hedge funds seeking to strike their own deal with the troubled surfwear retailer. Billabon..
Shares in explosives and mining industry supplier Orica have tumbled after it said its profit is set to fall by about 10 per cent. The company has blamed global economic conditions and higher than ..
Santos has cut its production forecasts, but higher gas prices have helped boost the energy company's revenue. The company has cut its 2013 production guidance to 52- to 55 million barrels of oil e..
The Dow and the S&P 500 have closed at new record highs on robust corporate earnings reports and the latest reaffirmation of the US Federal Reserve's easy-money policy. The Dow Jones Industrial..
The Australian share market has again nudged above the 5,000 point mark but fell away in afternoon trade to end only slightly higher. Financial and energy stocks were the best performers, with othe..
The longer a home stays on the market, the more heavily it is likely to be discounted, meaning a quick sale is a good sale for the vendor's wallet, research shows. Real estate analysis firm RP Data..
Business confidence has fallen back in the last three months amid fears about a slowdown in the Chinese economy and the tapering of US economic stimulus. The National Australia Bank's latest quarte..
Woolworths is bracing for its home improvement division to lose $139 million as the building sector struggles and wage costs blow out. The retail giant was hoping that Masters Home Improvement woul..
Energy giant Woodside Petroleum suffered a slide in revenue in the second quarter of the year due to a drop in oil prices and lower production. The company also expects its half year earnings to in..
US stocks rose after Federal Reserve Chairman Ben Bernanke said the Fed's policy on tapering its bond-buying program was not on a "preset course." The Dow Jones Industrial Average added 18.67 (0.12..
The Australian share market has closed slightly lower as investors wait for an update on economic stimulus measures in the US from that country's top central banker. A strong production report from..
Insurance Australia Group says fewer than expected insurance claims in the 2012/13 financial year will improve its financial performance. The owner of the CGU and NRMA brands has increased its guid..
When Launa Inman took the helm of troubled surfwear brand Billabong in May last year, the board hoped her considerable retail experience would stand them in good stead. But as she departs 14 months..
Engineering company Downer has had its blasting services contracts in the mining sector extended for $230 million. Coal miners Yancoal and Sojitz and gold producer Saracen extended its contracts wi..
Wesfarmers says production at its coal mines rose sharply in the June quarter after recovering from the effects of wet weather over the summer. More than 2.8 million tonnes of coal was produced fro..
