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Cost of living pressures have pushed levels of mortgage stress to an all-time high, a report says.The September edition of the Genworth Streets Ahead report, released on Wednesday, found 25 per cent o..
Kathmandu Holdings has quadrupled annual profit as sales shot up through the year.The outdoor clothing retailer faced none of the previous year's cost of floating on the stock exchange.Net profit was ..
The global economy has entered "a dangerous new phase," with a recovery that is much weaker than was predicted just months ago, the International Monetary Fund has warned.Cautioning that Western econo..
US politicians say a new budget stalemate over funding for disaster relief could lead to a government shutdown if an agreement is not reached by the end of the fiscal year on September 30. The late..
Stocks to watch on the Australian stock exchange on Wednesday:JHX - JAMES HARDIE INDUSTRIES SE - down 14 cents at $5.57The tax office has appealed to the High Court after the Full Federal Court found ..
US stocks drifted mostly lower Tuesday amid Greek debt concerns and as investors awaited the end of a Federal Reserve policy meeting hoping for new stimulus for the economy.The Dow Jones Industrial Av..
David Jones is working on a five year plan to turn around sales as the department store faces a grim Christmas season.The company predicts a fall in first-half profit as it cuts staff hours and tries ..
Greece has vowed to stay in the eurozone "forever" and promised stronger budget action as the world waited for EU leaders to stop the debt crisis threatening global growth."Greece is and will for ever..
Australian shares fell more than one per cent ahead of scheduled talks between Greece, the IMF and EU, and a meeting of the US Federal Reserve.By the close, the benchmark S&P/ASX200 index declined 41...
Coal miner New Hope Corporation has unveiled plans to double output over the next five to seven years, as it successfully tackles rising production costs.The move came after record exports in its past..
The central bank seems content to keep rates on-hold for some time as it assesses global uncertainty and domestic inflationary pressures, economists say.The minutes of the Reserve Bank of Australia's ..
Leighton Holdings Ltd subsidiary Thiess has won a $100 million contract with Fortescue Metals Group Ltd for works on the Solomon Hub iron ore mine in Western Australia's Pilbara region. The 18-mont..
The tax office has appealed to the High Court after the Full Federal Court found in favour of James Hardie Industries SE over a $242 million disputed tax assessment. James Hardie, in a statement on..
Ratings agency Standard & Poor's has downgraded Italy's credit rating by one notch, saying it sees weakening economic growth prospects for the nation and higher-than-expected levels of government debt..
Stocks to watch on the Australian stock exchange on Tuesday, September 20)ALK - ALKANE RESOURCES LTD - down 13.5 cents at $1.67One of the world's largest undeveloped zirconium resources is a step clos..
US President Barack Obama and German Chancellor Angela Merkel spoke by phone on Monday to discuss the need for action on the eurozone crisis and the Middle East, the White House said. The leaders h..
US stocks slid Monday, snapping a five-session winning streak as traders worried about a possible Greek public debt default and eurozone inaction to confront the crisis. The Dow Jones Industrial Av..
TPG Telecom predicts it will continue to accumulate new subscribers in the face of economic uncertainty after the telecommunications provider's full year profit increased by 40 per cent.The group also..
The Australian share market ignored positive offshore leads to close sharply lower amid renewed concerns about the eurozone debt crisis.By the close on Monday, the benchmark S&P/ASX200 index was down ..
Premier Investments says trading conditions are getting even tougher for retailers but the fashion brands owner still expects to improve its performance. Premier, which owns Just Jeans, Portmans, a..
PEAMCoal has extended the acceptance date for its takeover offer for Macarthur Coal Ltd.In a statement on Monday, the PEAMCoal joint venture between global steel giant ArcelorMittal and US coal major ..
Timber company Gunns says it will look at selling more forestry assets as it focuses on building its controversial northern Tasmania pulp mill. Gunns emerged from a six-week trading halt on Monday ..
Stocks to watch on the Australian stock exchange early on Monday:BSL - BLUESCOPE STEEL LTD - up 3.5 cents, or 5.2 per cent, at 70.5 centsEmbattled Bluescope Steel has again hit back at criticism for p..
A roundup of trading on major world markets: NEW YORK - US stocks closed higher on Friday in their fifth straight day of gains, despite a meeting of euro zone finance ministers that scuttled hopes ..
Australia's iron ore industry is on an $85 billion expansion spree, which could lead to overcapacity in another five to six years.However, major miners like BHP Billiton and Rio Tinto will simply put ..
