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Shares in Cazaly Resources jumped after the junior iron ore explorer announced the sale of its Parker Range project in Western Australia. The project is being bought by a major South East Asian inv..
Mortgage sales fell 3.7 per cent in July, on fears of an interest rate rise and the carbon tax, a major broker says.The Australian Finance Group (AFG) Mortgage Index showed the greatest fall was in Vi..
The Australian share market remained cautious on Thursday, after Wall Street finished slightly higher in overnight trade despite further disappointing data. At 1615 AEST on Thursday, the benchmark ..
Duet Group says it expects to pay a distribution of 16 cents per security in 2011/12 as it suspends its distribution reinvestment plan while it goes to the market to raise $277 million in new capital...
Stocks to watch on the Australian stock exchange on Thursday:AVJ - AV JENNINGS LTD - steady at 45 centsResidential developer AVJennings has posted a 34 per cent lift in annual profit, but has flagged ..
The Australian dollar was slightly higher amid speculation the US central bank could embark on another stimulus program to help the US economy.At 0700 (AEST) on Thursday, the Australian dollar was tra..
US stocks closed higher on Wednesday, as the Dow Jones Industrial Average ended an eight-day losing streak and markets regained some ground lost in Tuesday's brutal sell-off. The Dow average of 30 ..
Global miner Rio Tinto says it is confident that demand for its main products of iron ore, coal and aluminium will double, despite the uncertain world economic outlook.Rio Tinto on Thursday reported a..
Fairfax Media shares hit a record low on Wednesday as the latest falls in consumer spending foreshadowed continuing weak advertising revenues for media companies.Fairfax, publisher of The Sydney Morni..
Retail spending fell 0.1 per cent in June, according to official figures.Retail trade fell in the month, to a seasonally adjusted $20.540 billion, compared to a downwardly revised $20.567 billion in M..
The Australian dollar was one and a half US cents lower on Wednesday, weighed down by changed interest rate expectations and the release of weak economic data in the United States overnight. In a..
Downer EDI Ltd is reviewing its general consultancy practices in Asia, Australia and New Zealand perhaps leading to divesting the businesses. Downer said it was reviewing CPG Asia, CPG Australia an..
Activity in the services sector was falling at a slightly slower rate in July, as the outlook for interest rates and the global economy remains uncertain, a private sector survey shows.An increase in ..
Stocks to watch on the Australian stock exchange on Wednesday:AGG - ANGLOGOLD ASHANTI LTD - closed on Tuesday at $7.58AngloGold Ashanti will this week update its full-year gold production guidance aft..
Rating agency Moody's has upheld its triple-A rating for the US after Congress passed new legislation to raise the debt ceiling that averted a possible default. But Moody's added a "negative outloo..
US stocks wiped out most of their gains for 2011 on Tuesday, plunging as poor economic data overshadowed a congressional deal to raise the country's debt ceiling and avoid a default. It was the eig..
The Australian share market fell to its lowest point in almost a year on Wednesday as investors fretted over the weak US economy.The benchmark S&P/ASX200 index fell 100.8 points, or 2.27 per cent, to ..
Borrowers received some good news that interest rates will be on hold for at least another month but the central bank is still hinting the next move is upwards.The Reserve Bank of Australia (RBA) deci..
A new two-year low for residential building approvals, floundering non-residential approvals and another fall in housing prices and painted a dreary backdrop for Tuesday's monetary policy meeting. ..
Australia's third-largest nickel miner, Western Areas NL, says production is so strong that it will complete its obligations early and may negotiate higher contracts for the metal. The company said..
The Australian bond market opened stronger on Tuesday after weak manufacturing data overnight raised doubts about US economic recovery.At 0830 (AEST) on Tuesday, the September 10-year bond futures con..
Australian shares opened almost one per cent lower despite the passage through the United States House of Representatives of a bill averting a deft default.At 1031 AEST on Tuesday, the benchmark S&P/A..
Stocks to watch on the Australian stock exchange on Tuesday:BHP - BHP BILLITON LTD - up 88 cents at $42.30The South Australian government has given BHP Billiton the upper hand in negotiations over the..
The US House of Representatives will pass a vast austerity bill and avert a disastrous debt default, Republican House Majority Leader Eric Cantor predicted hours before the vote on Monday. "We're g..
Australian shares closed lower as the Congressional deal to resolve US debt issues failed to allay investor concerns about the faltering American economy.At 1615 AEST on Tuesday, the benchmark S&P/AS..
