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The chairman of Australia's peak retail body has launched a strongly worded attack on critics of Australia's biggest retailers, saying a stream of misinformation is threatening job creation and impedi..
Developer Lend Lease has reassured investors its earnings will grow this financial year despite a restructure to deal with a slowing construction market.The company's shares dropped 7.5 per cent on Mo..
A further cut to the Reserve Bank of Australia's cash rate could still be on the cards as the economy undergoes a transition.In minutes from its June board meeting, at which the cash rate was left unc..
Australian shares are weaker as traders nervously await the Reserve Bank's June board meeting minutes, with the big banks and miners suffering losses. IG market strategist Stan Shamu said investors..
A further $9 million has been wiped from the market value of Elders after it rejected an offer to buy its rural services business.The eight month sale process for Elders' agricultural and real estate ..
US stocks have opened higher as markets turned to the start of a two-day Federal Reserve policy meeting and US housing data that came in below expectations.Five minutes into trade on Tuesday, the Dow ..
The Australian dollar is slightly higher as traders wait for an announcement on whether the US Federal Reserve will wind down its economic stimulus measures. At 1700 AEST on Monday, the local unit ..
Renewed demand for banking stocks has driven the overall Australian share market higher. Options Xpress market analyst Ben Le Brun said banking stocks sparked a terrific turnaround during the day, ..
Scammers fleeced Aussies out of more than $93 million in 2012, a nine per cent jump from the previous year. In a statement on Monday, the Australian Competition and Consumer Commission (ACCC) said ..
Employment services firm Skilled Group is paying $75.5 million for a Darwin-based marine contractor with oil and gas sector clients. Skilled's shares have risen by five cents, or 2.29 per cent, to ..
Australian shares are weaker as concerns about US Federal Reserve bond buying dents sentiment, with banking and mining stocks both in negative territory. RBS Morgans Ipswich manager Tony Russell sa..
Investors have punished Lend Lease after the company revealed it will undergo a major restructure and slash jobs as the construction sector softens. Shares in the development and construction giant..
US stocks gave up an early rally and ended lower on Friday amid some slightly downbeat economic data and caution ahead of next week's Federal Reserve policy board meeting. The Dow Jones Industrial ..
The Australian market had its best day in nearly 18 months as investors decided its month-long slide had gone far enough. Strong overnight gains in US stocks after positive retail and jobless data ..
ANZ's interest rates will be left unchanged for the next month.The bank decided to leave its standard variable mortgage rate at 6.13 per cent at its June rate review meeting, after the Reserve Bank of..
ASX Ltd's $553 million capital raising has prompted speculation the stock market operator was clearing debt to free it up to take part in a big merger deal. ASX's shares slumped by more than $2.13,..
Tokyo shares rallied 1.94 per cent on Friday, rebounding from a massive sell-off in the previous session stoked by a surging yen and jitters over an end to central bank stimulus.The benchmark Nikkei 2..
The Australian share market has opened more than one per cent higher. At 1013 AEST on Friday, the benchmark S&P/ASX200 index was up 54.7 points, or 1.16 per cent, at 4,750.5, while the broader ..
Toll road owner Transurban is offloading one its poorly performing United States roads. The Pocahontas 895 in Virginia, in which Transurban held a 75 per cent stake, will be transferred to the lend..
US stocks opened slightly lower on Friday despite Asia's rebound as investors appeared cautious ahead of next week's Federal Reserve policy board meeting.Five minutes into trade, the Dow Jones Industr..
The Australian share market posted its 13th day of losses in 17 trading sessions amid worries about global economic growth and the winding back of stimulus packages. The Australian market has given..
Rio Tinto, the Australian majority owner of the Tiwai Point aluminium smelter, has written down the value of the smelter to just $14.8 million from $606.9 million. The decision was made in February..
Don't be fooled by the fall in the unemployment rate in May - employment growth is still inadequate. The unemployment rate came in at 5.5 per cent, down from 5.6 per cent in April. It was a stra..
Everyone is expecting the unemployment rate to rise this year, but it looks like the increase might be fashionably late. The May jobless rate was 5.5 per cent, slightly better than the 5.6 per cent..
Suncorp has sold $1.6 billion in loans dating back to the global financial crisis, but investment bank Goldman Sachs will only pay it 60 cents in the dollar for them. The $960 million it will reali..
