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Australians are eating more salmon, which means another year of booming sales for Tasmanian fish producer Tassal. The company made a net profit of $33.4 million in the year to June 30, a 19.1 per c..
BHP Billiton has committed $US2.6 billion to its Canadian potash project in a surprise move, as the mining giant suffered a heavy fall in annual profit. BHP's net profit plunged by 30 per cent in t..
Oil and gas producer Oil Search says its first half profit is up six per cent, but production had fallen marginally and is likely to remain flat in the next six months. Oil Search also expects over..
Protective clothing and condom maker Ansell expects its earnings to grow in the year ahead despite weakness in its Asian and European markets. Ansell made a net profit of $136.8 million in the year..
Australian shares have lifted following the release of the Reserve Bank of Australia's minutes, but the market remains in negative territory. The S&P/ASX200 was around 0.5 per cent lower in ear..
The decision to cut the cash rate two weeks ago came down to a weaker outlook for jobs. And so might a future decision to cut again, a possibility the Reserve Bank of Australia flagged on Tuesday. ..
Coca-Cola Amatil (CCA) will accelerate investment in Indonesia and continue preparations for re-entry into the Australian beer market as competition hurts earnings from soft drinks in Australia. CC..
Borrowers may have to wait until at least Melbourne Cup day for the next interest rate cut from the Reserve Bank of Australia.The central bank has made it abundantly clear that it won't cut the cash r..
US stocks have closed lower, continuing their trend downward on mediocre economic news and higher bond yields. The Dow Jones Industrial Average dropped 70.73 (0.47 per cent) to 15,010.74 on Monday...
Australian stocks finished flat as some of Australia's biggest companies went ex-dividend ahead of the release of major profit reports this week. CommSec analyst Steve Daghlian said investors had b..
Rusal, the world's largest aluminium producer, has reported a net loss of $US439 million ($A480.28 million) for the first half of 2013, citing falling prices, an excess global supply and economic unce..
Retirement funds company Challenger has seen its net profit almost triple amid growing demand for annuities from baby boomers. Challenger on Monday recorded a net profit of $417 million for the 201..
New car sales remain a shining light of the Australian economy, despite falling last month. New car sales in July fell 3.5 per cent from June to 93,797, but were up three per cent over the past 12 ..
The Australasia and Packaging Distribution (AAPD) business to be spun out of Amcor will rely on cost savings to underpin earnings over the next few years. Global packaging firm Amcor announced earl..
Bendigo and Adelaide Bank posted a strong jump in annual profit, but faces increasing earnings pressures this year in an economy with low confidence. The nation's biggest regional lender lifted its..
Australia's largest freight rail operator Aurizon has flagged more job cuts as it deals with a growth slowdown in China. The company, formerly known as QR National, made a net profit of $447 millio..
US stocks have closed out a choppy day of trade on a negative note following a mixed batch of economic data and a big jump in bond yields. The Dow Jones Industrial Average fell 30.72 (0.20 per cent..
BHP Billiton is facing possible corruption action by US regulators stemming from the Beijing Olympics and an investigation. The US Securities and Exchange Commission (SEC) and Department of Justice..
Jobs could be on the line as the Australian regional media (ARM) operations of APN News and Media look for more cost savings with revenue continuing to fall. APN chief executive Michael Miller said..
Australia's largest automotive retailer has boosted its profits thanks largely to the low interest rates offered on personal car loans. Automotive Holdings Group, which owns dealerships in Australi..
Home builder AVJennings has recorded another annual loss, but says the real estate market is improving. The company made a net loss of $15.3 million in the year to June 30, compared to a loss of $2..
Australia's biggest private hospitals operator, Ramsay Health Care, is urging patients to quit Medibank should a dispute with the insurer over funding not be resolved satisfactorily.But Medibank, whic..
ANZ boss Mike Smith is optimistic about ongoing strength in the Australian and Chinese economies, which he says will drive profit growth for country's most Asia-exposed bank. The bank made a cash p..
US stocks have fallen for a second day, opening lower despite a rise in housing starts.Five minutes into trade on Friday, the Dow Jones Industrial Average dropped 33.02 (0.22 per cent) to 15,079.17.Th..
Anyone wondering why the economy feels a bit soft at the moment need go no further than two sets of economic data released on Thursday. One was the Westpac-Melbourne Institute Consumer unemployment..
