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Myer's sales have grown slightly but boss Bernie Brookes still remains cautious about the future of Australian retailers.For the first time since the global financial crisis, Myer posted four consecut..
The Australian market has closed around half a per cent lower, dragged down by weakness among the banks and industrial stocks. CMC Markets trader Ben Taylor said the local market finished in negati..
Hot and dry conditions have burned agribusiness Ruralco's earnings, sparking a half-year loss only a year after it yielded a $10 million profit. Managing director John Maher said warmer weather had..
Drilling services company Boart Longyear says its earnings will fall in 2013 because mining companies are scaling back on exploration. "The downturn in capital and exploration spending in the minin..
The central bank has given no clues whether more reductions are on the cards after low inflation allowed it to cut the cash rate to a record low at its May board meeting. The Reserve Bank of Austra..
The outlook for Australia's major trading partners is good, with economic growth for most expected to pick up in 2014, the Reserve Bank of Australia says. The minutes of the RBA's May board meeting..
The number of New Zealanders heading for a better life across the Tasman slowed to its lowest monthly pace in almost three years, as local economic prospects start overshadowing Australia's. Season..
Yahoo is buying online blogging forum Tumblr for $US1.1 billion ($A1.13 billion) as chief executive Marissa Mayer tries to rejuvenate an internet icon that has fallen behind the times. The deal, an..
Incoming Seven West Media boss Tim Worner has pledged to focus on producing quality content while cutting costs.Mr Worner will from July 1 replace Don Voelte as chief executive of the diversified medi..
US stocks have slipped despite a flurry of merger and acquisition news this week. Investors are also looking ahead to Federal Reserve Chairman Ben Bernanke's testimony to Congress this week. Yah..
Shares in Santos closed 1.6 per cent higher after the company said oil production started ahead of schedule at its $490 million Fletcher Finucane project off the West Australian coast. Santos expec..
Two-thirds of consumers are feeling worse off because of the federal budget, with many planning to cut their spending despite the latest interest rate cut. A 0.5 percentage point increase in the Me..
More than $150 million has been wiped from the value of mining engineer Transfield Services as cost cutting in the mining sector sent its shares to a record low.The company has slashed its profit fore..
Optus' rollout of its 4G network is expected to reach 70 per cent of Australia's metropolitan population by the middle of 2014. The nation's second largest telco has expanded its 4G network to incl..
Australian stocks closed stronger, pushing above one per cent during the day but eased to around half a per cent higher by the finish.Investors initially took their cues from a positive finish on Wall..
From Tuesday, it will become a lot easier for investors to buy and sell a piece of the federal government's triple-A rated debt.Australia, like most developed countries, borrows money by issuing bonds..
The Australian share market is higher as another Wall Street record buoys mining and banking stocks.IG market strategist Chris Weston says the strongest University of Michigan consumer sentiment readi..
Property owner GPT Group has sold its 50 per cent stake in the Erina Fair shopping centre on the NSW central coast for $397 million.GPT made the sale as it looks to more-evenly balance its portfolio b..
Copper on the London Metal Exchange (LME) has closed higher, although earlier gains stalled in the European afternoon in a quiet trading session as the US dollar's strength resumed.Meanwhile, the pote..
Construction giant Leighton Holdings says it's not concerned about the recent woes of mining services companies due to its diverse business interests and cyclical nature of the industry.Mining service..
The board of Yahoo! has agreed to a deal to purchase the popular blogging platform Tumblr for $US1.1 billion ($A1.13 billion), the Wall Street Journal reports. Yahoo! did not immediately return AFP..
US stocks have resumed their upward push with both the Dow and S&P 500 closing at new all-time highs following favourable US economic reports.The Dow Jones Industrial Average on Friday jumped 121.18 (..
The Australian share market closed higher on Friday, led by investors picking up cheaper mining stocks after heavy selling in recent days. The market was still slightly lower for the week. The m..
US stocks have opened in positive territory following gains in leading foreign markets.Five minutes into trade on Friday, the Dow Jones Industrial Average rose 55.13 (0.36 per cent) to 15,288.35.The b..
The Australian market finished lower as weaker commodity prices weighed on the nation's biggest mining stocks.RBS Morgans director of equities Bill Chatterton said big mining companies suffered the la..
