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Social networking online provider Facebook doubled its revenues in the first half of 2011 to $US1.6 billion ($A1.5 billion), the Wall Street Journal reported on Thursday.The paper cited what it called..
The Australian share market closed flat after disappointing jobs data prompted a selloff ahead of economic news from China and the US.The benchmark S&P/ASX200 index closed up 4.6 points, or 0.11 per c..
A 10-month high in the jobless rate is not enough to prompt a cut in interest rates, economists say.But that could change if unemployment keeps rising.Official figures show the unemployment rate rose ..
Shares in Cortona Resources shot up after it was given approval to develop what it says is the first major gold mine in NSW in seven years.The NSW Government Planning Assessment Commission has given t..
Domestic airlines still managed to carry more than 55 million passengers in 20l0/11, in a year where floods, ash clouds and other natural disasters severely disrupted air travel.Passenger numbers grew..
The Australian dollar shed more than half a US cent after official data showed the unemployment rate rose to a 10-month high in August.The Australian Bureau of Statistics (ABS) reported on Thursday th..
Investors focusing on companies with high dividends may be vulnerable to buying into false price signals, says Goldman Sachs' head of Australian Equities, Dion Hershan.Mr Hershan says that since April..
A summary of trading in key commodities markets overseas:ENERGYCrude oil prices rallied on Wednesday, buoyed by a rebound in global stock markets and the aftermath of a tropical storm which was still ..
US stocks jumped on Wednesday after a German court ruling helped clear the way for a eurozone bailout plan and the Federal Reserve said the US economy was still growing slowly. The Dow Jones Indust..
STOCKS TO WATCH ON THE AUSTRALIAN STOCK EXCHANGE ON THURSDAY SEPTEMBER 8BGA - BEGA CHEESE LTD - up eight cents at $1.88WES - WESFARMERS LTD - up 92 cents at $30.57Coles announces it has awarded its en..
Aquila Resources has obtained a court injunction to stop a management meeting that would have enabled Brazilian mining giant Vale to acquire the Australian miner's 50 per cent stake a joint coking coa..
Australian shares have gained about $33 billion in value, with the market closing more than two per cent higher to make back some of the losses from the week as positive local economic news helped inv..
Market turbulence during August hit Macquarie Group Ltd's capital markets business, prompting the investment bank to warn its first half profit would be lower on reduced trading volumes.Macquarie also..
Takeover target ConnectEast Group has posted an 11.9 per cent rise in average daily revenue (ADR) for August.The owner and operator of the Eastlink tollway in Melbourne said that ADR for the month wa..
Securities in US-based biotech GI Dynamics Inc fell well below their offer price on their first day of trading on the Australian Securities Exchange (ASX) on Wednesday.GI's CHESS Depositary Interests ..
The Australian economy has returned to growth in the June quarter after suffering a downturn in the previous quarter because of the floods and cyclones over the summer, official figures show.Gross dom..
Australian construction activity has fallen to its lowest level in almost two and a half years, largely due to a lack of new work and tender opportunities, a report shows.The Australian Industry Group..
A summary of trading in key commodities markets overseas:ENERGYOil prices were mixed Tuesday amid rising worries that the United States and Europe could return to recession, hitting global energy dema..
STOCKS TO WATCH ON THE AUSTRALIAN STOCK EXCHANGE ON WEDNESDAY, SEPTEMBER 7AWE - AWE LTD - down 4.5 cents at $1.06Oil and gas producer AWE says it has several regulatory hurdles to clear before getting..
The head of the central bank says a steady hand on interest rates will be maintained until the effect of overseas events on global economic growth is better understood.Reserve Bank of Australia govern..
The Australian share market ended a third straight trading session in the red after extending earlier losses in the day on fresh concerns about European sovereign debt.At 1615 AEST the benchmark S&P/A..
The Reserve Bank of Australia (RBA) left the cash rate steady at 4.75 per cent at its regular monthly board meeting on Tuesday.The decision was expected, with all 12 economists surveyed last week by A..
The current account deficit narrowed in the June quarter as record commodity prices offset an unexpectedly slow recovery in the volume of mining exports.The seasonally adjusted current account deficit..
The sluggish housing sector may have turned a corner, after housing finance figures for July showed tentative signs of improvement, economists say.They also say that stronger economic growth, low unem..
Data released on Tuesday poured cold water on expectations Wednesday's national accounts will reveal a big bounce in economic activity in the june quarter. In short, the seasonally adjusted real-te..
