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The Australian share market has closed at a new five-and-a-half-year high, after US and European markets lifted at the end of last week as US government services were re-opened. IG market strategis..
Holiday accommodation bookings are soft despite a rebound in consumer confidence, online travel group Wotif.com says. Addressing his first annual general meeting as managing director, Scott Blume t..
Fast food and fitness firms are generating a higher number of complaints from franchisees and will be audited, the competition regulator says. Australian Competition and Consumer Commission (ACCC) ..
New Zealand shares have rallied, pushing the NZX 50 Index to a record high, after Metlifecare's biggest shareholder said it would exit its stake. The NZX 50 rose 43.966 points, or 0.9 per cent, to ..
Inflation is expected to be below the Reserve Bank of Australia's two to three per cent target range, but likely won't prompt an interest rate cut. The consumer price index (CPI), the key measure o..
Paul Zahra has resigned as the chief executive of department store giant David Jones.Mr Zahra is resigning for personal reasons and will step down when a successor is found, the company told the Austr..
A major property website has seen London house prices soar to a new high this month, beating their previous record by nearly STG30,000 ($A50,479) and fuelling fears that the capital is overheating.Ask..
Australia's unemployment rate is set to rise to around six per cent by early 2014, according to research into the state of the jobs market.According to the Clarius Skills Indicator, which tracks the a..
Spending fell for the first time in 13 months in September, but consumer confidence is expected to pick up in following months.Economywide spending was down 1.4 per cent in September, seasonally adjus..
Australian stocks have jumped to fresh five-year highs in response to gains on global stock markets on Friday night.The local market has climbed more than half a per cent to its higher level since mid..
Google's strong earnings have sent its shares rocketing past the $US1,000 mark, taking the S&P 500 to a new all-time high and giving the Nasdaq a 1.3 per cent gain.But earnings disappointments continu..
Australia's share market has closed at the highest level since mid-2008 as China regains its economic growth pace. A resolution to the US debt crisis also boosted gold prices and the Australian dol..
The head of the Reserve Bank says the Australian dollar is still too high. "I personally would continue to think that a lower currency would be helpful in rebalancing the growth of the economy," RB..
China's gross domestic product expanded 7.8 per cent year-on-year in July-September, the government says, snapping two quarters of slowing growth in the world's second-largest economy. Friday's fig..
Santos' Australian gas customers paid a record $5.98 a gigajoule in the September quarter in a worrying signal for businesses fearing unaffordable price rises. The price is almost at export parity ..
Qantas is expecting economic headwinds and record high fuel prices to create more turbulence. Average airfares per passenger are forecast to fall in fiscal 2014, as the flying kangaroo faces sluggi..
Philip Morris International says its third-quarter profit rose five per cent as higher prices helped offset the decline in the number of cigarettes it sold. The seller of Marlboro and other cigaret..
Cockatoo Coal plans to raise $408 million to expand its Baralaba mine in Queensland, repay debt and fund a takeover offer for Blackwood Corporation.The central Queensland coal producer will issue new ..
James Packer's Crown is in talks to develop a "must see" $US400 million ($A416.17 million) casino resort in the Sri Lanka capital Colombo.Crown says it is in talks with the Sri Lankan government and p..
Murray Goulburn has stepped up the takeover battle for Warrnambool Cheese and Butter, targeting the company's farmer shareholders with a $420 million offer it says will help turn around Australia's de..
US investors have powered the S&P 500 to an all-time high, one day after Washington politicians reached a deal to reopen the government and avert a feared debt default.The S&P 500, the broadest of the..
The Australian sharemarket has lifted after US politicians voted to raise the debt ceiling of the world's biggest economy and reopen the government. But the gains were muted as the market had mostl..
QBE Insurance's outgoing finance chief will stay on for another 12 months after his successor decided to retire. Chief financial officer Neil Drabsch was to retire in February 2014, and be replaced..
Fortescue Metals says it's massive expansion project is all but complete, and the iron ore miner is ready to start paying off its $12 billion debt.The massive debt pile has peaked and the news would a..
The Australian share market has opened nearly half a per cent higher. At 1013 AEDT on Thursday, the benchmark S&P/ASX200 index was up 24.5 points, or 0.46 per cent, at 5,287.4, while the broade..
