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A roundup of trading on major world markets: NEW YORK - Wall Street closed higher following solid economic data and reports that the International Monetary Fund could get more cash to help countrie..
The International Monetary Fund (IMF) says it's aiming to increase its financial firepower by around $US500 billion ($A483.35 billion) so it can give out new loans to help mitigate a worsening financi..
BHP Billiton is poised to post a fresh first-half profit record after reporting a surge in iron ore production at its Pilbara mines in Western Australia to new heights. The mining giant on Wednesda..
Australian shares edged up marginally to a fresh five-week high as upbeat mining figures and hopes for a Greek debt deal dragged shares out of the doldrums. At the close on Wednesday, the benchmark..
OZ Minerals has rejected criticism that it is taking too long to find new projects before its flagship Prominent Hill mine runs out of copper. The copper and gold miner faced sustained questions fr..
Department store operator David Jones has cast aside a difficult Christmas trading season and industry doom and gloom to announce the opening of a new store in a high-growth area of Brisbane. The u..
Wesfarmers expects a big drop in first-half earnings from its insurance division because of a large number of natural disasters and is to reduce its exposure to higher hazard area and industries in re..
Recent interest rate cuts by the Reserve Bank of Australia (RBA) have failed to lift consumer confidence, says Westpac. The RBA reduced the cash rate by 25 basis points in November and again by the..
Sales of new motor vehicles in Australia fell 2.9 per cent in December, official data shows. The Australian Bureau of Statistics (ABS) on Wednesday said new vehicle sales fell to 84,403 units in De..
A summary of trading in key commodities markets overseas: PRECIOUS METALS Gold climbed one per cent on Tuesday to its highest price in five weeks, rising in tandem with the euro and equities on tech..
Stocks to watch on the Australian stock exchange early on Wednesday: AKI - AFRICAN IRON LTD - steady at 56 cents CFE - CAPE LAMBERT RESOURCES LTD - up 0.5 cents at 55.5 cents African Iron's m..
A roundup of trading on major world markets: NEW YORK - US stocks are rose overnight on signs of resilience in Europe's debt markets and an encouraging report on growth in China. Debt auctions b..
Australian shares closed at their highest level in five weeks after better than expected Chinese economic growth buoyed already optimistic investor sentiment, after a successful French debt auction ov..
China appears on track to avoid an abrupt economic slowdown with possible global repercussions after growth eased to a still robust 8.9 per cent in the last quarter of 2011.The expansion in the world'..
South Korea's Samsung Group has announced it would invest a record 47.8 trillion won ($A40.42 billion) this year and hire an all-time high of 26,000 new employees despite global economic gloom. The..
Fortescue Metals Group says it is confident it will find enough customers for its iron ore when it ramps up annual production to 155 million tonnes from next year. Australia's third largest iron or..
Analysts are revising downwards their forecasts for Rio Tinto's full year profit amid a continued easing in prices even though the mining giant has reported record annual iron ore production. Rio T..
Optus has appointed the former head of British mobile phone operator Hutchison Three as its chief operating officer in Australia. Kevin Russell was credited with turning around the Hutchison Three ..
Uranium miner Paladin Energy says it achieved record production in the three months to December and has re-affirmed its full-year production targets. Paladin shares rose significantly on the update..
A roundup of trading on major world markets: NEW YORK - Wall Street was closed for the Martin Luther King public holiday. LONDON - Europe's leading stock markets shrugged off a wave of ratings d..
Ratings agency Standard & Poor's says it has downgraded the creditworthiness of the eurozone's bailout fund by one notch to AA+. The downgrade, which follows ratings cuts for AAA-rated France a..
Stocks to watch on the Australian stock exchange early on Tuesday: DJW - DJERRIWARRH INVESTMENTS LTD - up three cents at $3.73 MIR - MIRRABOOKA INVESTMENTS LTD - up 0.5 cents at $1.795 Two li..
Linc Energy says it is in talks regarding new gas opportunities in China. The Brisbane-based business, which is focused on underground coal gasification (UGC) and gas-to-liquids (GTC) technologies,..
Fortescue Metals Group is considering developing its North Star magnetite iron ore project in Western Australia as a joint venture. Fortescue last year indicated that it may spin off its magnetite ..
Australian shares end sharply lower after a mass downgrade of European bloc countries' credit ratings took the wind out of investor's winning streak. Stocks fell more than one percent from their hi..
