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Australia's services sector contracted for the seventh straight month in August as cautious consumers and the high exchange rate continue to hurt the industry. The Australian Industry Group/Commonw..
Dutch banking giant ING says it will sell its stake in Capital One, which bought ING's US online banking unit in a multi-billion-dollar deal earlier this year. "ING announced today that it intends ..
US stocks have closed mixed after a key report showed the third straight monthly contraction in the manufacturing sector, a key engine behind the economy's still-sluggish recovery. The Dow Jones In..
Nine Entertainment has sold its Australian Consolidated Press (ACP) magazines to German publishing giant Bauer Media Group. Nine Entertainment Company (NEC), on Tuesday confirmed that it had reache..
Iron ore miner Fortescue Metals has shelved $1.57 billion of expansion plans and cut hundreds of workers' jobs, in a further sign that the peak of the mining boom may have passed. Fortescue, founde..
US vehicle sales jumped 20 per cent in August to the best performance in three years even as higher gas prices drove a shift towards smaller and more fuel efficient vehicles, industry data shows. T..
Australian stocks have slid more than half a per cent as falls among the big retail banks pushed the broader market lower. The benchmark S&P/ASX200 index closed down 26.2 points, or 0.61 per ce..
The central bank is keeping an open mind on a rate cut closer to year's end, after it kept its finger off the interest rate button on Tuesday. The Reserve Bank of Australia (RBA) left the cash rate..
DuluxGroup remains hopeful it can nail down its $210 million takeover bid for reluctant takeover target Alesco within weeks. Dulux on Tuesday again extended the deadline for Alesco shareholders to ..
A benign reading for Australia's balance of payments data is unlikely to change the view that the economy is growing at a moderate pace. Australia's current account deficit narrowed to $11.801 bill..
Stocks to watch on the Australian stock exchange on Tuesday, September 4 AIO - ASCIANO GROUP - up one cent at $4.49 Stevedoring group Asciano has signed a contract for the delivery of 44 automat..
Indian exports slid by nearly 15 per cent a year in July, the steepest dive in three years - hit by the long-running debt crisis gripping Europe and the stumbling US recovery. India's merchandise e..
A roundup of trading on major world markets: NEW YORK - The markets were closed for a public holiday. LONDON - Europe's main stock markets rose amid growing hopes the European Central Bank (ECB)..
The Australian share market has finished slightly higher, as investors positioned themselves ahead of key announcements from overseas. At the close on Monday, the benchmark S&P/ASX200 index was..
House prices set to fall for a second straight year despite recent signs that the property market could be improving. The RP Data-Rismark Hedonic home value index reported that Australian property ..
Retailers are set for a very jolly Christmas, with optimism about the key sales period running at a 12-year high. The Dun and Bradstreet National Business Expectations Survey shows retailers' sales..
Woodchipper Gunns may be running out of time to stop an axe from falling on its head. Late on Friday, Gunns reported a $904 million net loss for the 2011/12 financial year and said it was dependent..
A fall in company profits for the past three quarters points to a broad-based slowing of the economy in the months ahead. Ten of the 15 industries in the Australian Bureau of Statistics (ABS) busin..
Shipping delays are expected at the commodities port of Geraldton in Western Australia as authorities prepare to shut down operations before a major storm buffets the area. WA's Fire and Emergency ..
Troubled confectionary maker Darrell Lea will remain in Australian hands but hundreds of jobs will go as the loss-making business is restructured. Darrell Lea on Monday was sold to the Quinn family..
A sharp fall in retail sales in July is probably a return to normality after a surprisingly strong couple of months for the sector. Australian retail spending fell 0.8 per cent in July, data releas..
Gold futures climbed to a five-month high, capping the largest monthly gain since January as investors bet that Federal Reserve chief Ben Bernanke's defence of the central bank's previous easy-money p..
Etihad Airways has doubled its stake in Virgin Australia to 10 per cent, six weeks after receiving the all clear from the federal regulator. The Middle East carrier says it has bought 221 million s..
Ben Bernanke's much-awaited endorsement of more Federal Reserve stimulus on Friday gave US stocks a solid boost, though tempered by his picture of an economy that remains weak and vulnerable. The D..
Homeowners can bank on at least one interest rate cut by the end of the year, and it's possible it could come on Tuesday. AAP's survey of 17 economists on Friday revealed all but two expect the Res..
