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Woodside Petroleum chief executive Peter Coleman has promised a better 2014 after weaker prices and low oil sales led to a 41.4 per cent slump in profit. Woodside's shares fell on Wednesday after t..
US stocks have closed mostly higher as investors weighed mixed company news and an unexpected slump in home builder confidence. The Dow Jones Industrial Average shed 23.99 points (0.15 per cent) at..
The Australian market closed slightly higher as gains from mining giant BHP Billiton's strong profit results were dragged down by more disappointing results from other companies. CMC Markets chief ..
Shares in engineering group Monadelphous climbed more than nine per cent after the company posted a strong rise in its first half profit. Monadelphous defied the weakness in the mining services sec..
The federal government has approved Sydney Airport's 20-year masterplan which is designed to meet forecast demand of 74 million passengers by 2033. The plan includes shared domestic and internation..
The sharemarket has lost its early gains as investors digest a wealth corporate earnings reports. Stocks were buoyed in early trade after BHP Billiton reported an 83 per cent rise in half year prof..
Steel and mining group Arrium expects iron ore prices to remain at solid levels this year as it returned to profit thanks to record mining earnings. Statutory net profit for the first half to Decem..
The economy is showing signs of getting stronger and that means more interest rate cuts from the central bank are unlikely. The minutes of the Reserve Bank of Australia's February board meeting sho..
Global packaging giant Amcor says solid growth in emerging markets such as China has contributed to a 21 per cent rise in profit from the group's continuing operations. Amcor on Tuesday reported a ..
Departing Coca Cola-Amatil boss Terry Davis hopes consumers and retailers have realised that if they don't buy Australian produce, there won't be any Australian farmers. Mr Davis announced a $404 m..
BHP Billiton has predicted a strong year ahead for both the global economy and itself after it announced a surprisingly strong half year profit based on cost slashing. The price environment for iro..
Port and rail operator Asciano will cut dozens of jobs after upgrading profit targets due to growth in its Pacific National Coal division. Asciano plans to cut up to 100 jobs following a decision t..
Australian shares have finished higher, buoyed by local earnings results and offshore gains. Commonwealth Bank analyst Steve Daghlian said the market rose for the seventh trading session in eight t..
Mining giant BHP Billiton is expected to have arrested a two year earnings slide in the past six months, and shareholders may be rewarded with an increased dividend. However it is unlikely to match..
Almost 1500 Forge Group employees have now been sacked as all but one of the collapsed company's projects grind to a halt. Michael Smith from receivers KordaMentha said that number could grow. "..
The Australian sharemarket is continuing to rally, with investor sentiment buoyed by a better-than-expected domestic earnings season. IG market strategist Evan Lucas said it was a good result for t..
Sales of new motor vehicles fell 3.5 per cent in January. There were 93,232 new vehicles sold in the month, compared with 96,573 in December, seasonally adjusted figures from the Australian Bureau ..
Engineering and property services group UGL is hopeful of growing earnings in 2014 despite fielding offers for its property business. UGL says it has endured a complicated and challenging year and ..
Bendigo and Adelaide Bank has lifted its cash profit almost 10 per cent as lower funding costs offset the impact of weak lending growth. Australia's largest regional lender made a cash profit of $1..
Australia's largest freight rail operator expects to haul more coal this year than previously forecast, but has suffered a fall in half year profit. Despite a long downturn in the Australian coal m..
US stocks have vaulted higher as investors shrugged off a report showing poor industrial output last month as mainly weather-related. The Dow Jones Industrial Average jumped 126.80 (0.79 per cent) ..
ANZ is keeping its home loan interest rates on hold for a sixth straight month. The bank's standard variable rate remains at 5.88 per cent per annum, after the Reserve Bank of Australia left the ca..
The Australian share market closed higher on Friday following a good lead from US markets and encouraging company earnings reports. "It's been a very happy Valentine's Day for investors today, and ..
China's inflation rate was steady at 2.5 per cent year-on-year in January, with analysts warning the figure suggested weak growth prospects for the world's second-largest economy. The consumer pric..
A third consecutive year of weak uranium prices has led to Paladin Energy's half year net loss increasing to $US255 million. The uranium producer does not expect any short-term improvement either, ..
