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Eds: reissuing to fix day ref in par 2 SYDNEY, Jan 18 AAP - The Australian market is higher as news of Rio Tinto chief Tom Albanese's resignation drives up mining stocks. At 1028 AEDT on Friday,..
Mining bosses have been put on notice to stop using shareholder funds for ego-driven growth after Rio Tinto made $US14 billion in writedowns, forcing chief executive Tom Albanese to step down.Rio stun..
US stocks have closed solidly higher after US data pointed to an improving employment and housing picture. In closing trade on Thursday, the Dow Jones Industrial Average rose 84.79 points (0.63 per..
Jetstar has reduced its order for the Boeing 787 Dreamliners but denies the move is related to recent troubles affecting Dreamliner fleets.The airline cut its order for 15 Boeing 787 Dreamliners for i..
Woodside Petroleum has achieved a record 2012 production result and hopes to do even better this year as it develops more projects overseas. The energy producer lifted production and revenue by abo..
Australian shares have reached a 19-month high as optimistic investors push the local bourse 2.7 per cent higher for the year. At 1200 AEDT on Thursday, the benchmark S&P/ASX200 index was up 37..
Mineral sands miner Iluka will cut production resulting in job losses after tough trading conditions led to a loss of nearly one-third in revenue in 2012 compared to the previous year. Iluka's Enea..
A weak employment report for December has increased the chance of an interest rate cut in February, economists say. The Australian Bureau of Statistics (ABS) said on Thursday the nation lost 5,500 ..
Australian shares have opened flat as traders wait to see if the market surpasses a 19-month high reached after the New Year. At 1014 AEDT on Thursday, the benchmark S&P/ASX200 index was up 9.6..
Santos's production costs blew out by up to $50 million in 2012, highlighting the risks to its massive Queensland Gladstone liquefied natural gas (LNG) project.But the cost hike was offset by an 18 pe..
Stocks to watch on the Australian stock exchange on Thursday January 17, 2013. BBG - BILLABONG INTERNATIONAL LTD - down 1.5 cents, or 1.5 per cent at 96.5 cents Billabong shares were lower on We..
US stocks have turned in a mixed performance, as Boeing's latest aircraft problem overshadowed strong earnings from leading banks.The Dow Jones Industrial Average finished down 23.66 points (0.17 per ..
Australian shares closed half a per cent higher, buoyed by the big banks and a major restructure by Boral, one of the nation's biggest manufacturers. At the close on Wednesday, the benchmark S&..
Namoi Cotton shares have soared 25 per cent after it agreed to partner with global commodities company Louis Dreyfus in a deal worth more $34 million. Under the proposal, Namoi will operate its cot..
Rising iron ore prices could be behind Fortescue Metals Group's decision to step back from a deal to invest in a small unconventional gas exploration company. Iron ore producer Fortescue on Tuesday..
The owners of Australia's dominant supermarket chains are fighting for supremacy among the world's largest retailers after Wesfarmers joined rival Woolworths in the world's top 20. Coles owner Wesf..
Australian shares are up with banking and other high-yielding stocks driving the market higher.At 1220 AEDT on Wednesday, the benchmark S&P/ASX200 index was up 18.8 points, or 0.4 per cent, at 4,735.4..
US stocks have closed mixed after the government reported better-than-expected retail sales in December. The Dow Jones Industrial Average gained 27.57 points (0.20 per cent) to 13,534.89 on Tuesday..
Hundreds of workers at Boral face an uncertain future after the building products maker announced it would cut 700 staff from its Australian operations. The announcement comes on the same day that ..
The Australian market closed marginally lower after investors decided to reap their profits later in the day. At the close on Tuesday, the benchmark S&P/ASX200 index was down 3.1 points, or 0.0..
One of the country's largest investors has backed the two-strike rule for executive pay, saying it has given shareholders greater sway. The rule puts board positions at risk when 25 per cent or mor..
Rio Tinto has signalled that predictions of falls in iron ore prices hold no fear for it as it posts record annual production and says its massive expansion plans are on track. The world's second b..
Australian shares were slightly higher at noon amid directionless trading after mixed overseas leads. At 1225 AEDT on Tuesday, the benchmark S&P/ASX200 index was up 6.3 points, or 0.13 per cent..
Jobseekers may be in for a rough 2013, with the latest official employment figures expected to show a disappointing end to 2012. AAP's survey of 14 economists reveals a median forecast for the unem..
Shares in Billabong have surged 16 per cent amid hopes that a takeover offer from US retailer VF Corporation will ignite a bidding war for the embattled surfwear company. Billabong on Monday night ..
