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Oil and gas producer Beach Energy's chairman Bob Kennedy is stepping down after almost 17 years in the position. On Wednesday, Mr Kennedy confirmed to the board that he would not be seeking re-elec..
Australian manufacturing activity contracted at a faster rate in July as costs rise and the global economic slowdown takes its toll, a private survey shows. The Australian Industry Group/PriceWater..
The US regulator in charge of state-backed mortgage firms Fannie Mae and Freddie Mac has rejected an Obama administration plan to ease the housing crisis by forgiving some outstanding home loans. R..
Stocks to watch on the Australian stock exchange on Wednesday, August 1 AQA - AQUILA RESOURCES LTD - up 11 cents at $2.13 The environmental authority supports Aquila Resources' proposed port for..
The Australian share market has closed at an 11-week high as upcoming US Federal Reserve and European Central Bank meetings raise hope of a global recovery. At close on Tuesday, the benchmark S&..
Investors in Sundance Resources face a nervous wait of at least 24 hours to find out if the company's sole project has crucial financial backing from China. Investors fear the company's $4.7 billio..
Talk of a two-speed economy in Australia is inaccurate and damaging, says National Australia Bank CEO Cameron Clyne. Mr Clyne told an American Chamber of Commerce in Australia luncheon on Tuesday t..
Shares in Breville Group hit a record high after the kitchen appliance maker said it expects full year earnings to grow by up to 40 per cent. Breville on Tuesday flagged its earnings before interes..
Shares in Origin Energy rose two per cent after stronger commodity prices drove the company's revenue higher, despite lower production levels. Origin on Tuesday said revenue for the year to June 30..
Caltex Australia says it is confident of getting investor support for its $300 million capital raising despite a ratings agency casting doubt on its balance sheet. The fuel supplier plans to raise ..
Business-only telecommunications provider Macquarie Telecom has upgraded its earning guidance for the 2012 financial year by about 10 per cent. Macquarie on Tuesday said it now expects to report ea..
Better-than-expected housing data could be a sign that the sector is on the road to recovery - and cuts by Australia's central bank could be one reason why. Australian residential building approval..
Stocks to watch on the Australian stock exchange on Tuesday, July 31 AGK - AGL ENERGY LTD - down 14 cents at $15.81 AGL Energy Ltd says Graeme Hunt will join the board as a non-executive directo..
US stocks have closed in the red as Wall Street hopes for US Federal Reserve and European Central Bank stimulus action this week and awaits a report on the July jobs market. After two big euro-driv..
The Australian share market has closed almost one per cent higher, with the banks leading the way. At the close on Monday, the benchmark S&P/ASX200 index was up 35.9 points, or 0.85 per cent, a..
Telstra shares hit $4 for the first time in four years as the telco starts to benefit from its recent involvement with the national broadband network (NBN) and growth in its mobile and broadband busin..
Miner Ivanhoe Australia's tumultuous year continued as it announced plans to slash exploration spending by half. The Rio Tinto-controlled company will reduce exploration expenditure to about $15 mi..
Engineering firm Transfield Services has won $100 million in new work with resources companies in Western Australia's Pilbara region. Transfield said on Monday it had signed a one-year contract wor..
APN News and Media has named a new chairman and had a lucrative advertising contract with the NSW State Transit Authority bus fleet extended. APN on Monday said announced Peter Hunt, the founder of..
The number of new home sales rose for the third consecutive month, thanks to a surge in multi-unit dwelling sales. The Housing Industry Association (HIA) on Monday said new home sales rose 2.8 per ..
German Chancellor Angela Merkel and Italian Prime Minister Mario Monti have pledged to do everything necessary to shield the debt-wracked eurozone from the crisis. In a telephone talk on Saturday, ..
The White House is forecasting a budget deficit of $US1.21 trillion ($A1.17 trillion) in 2012, $US116 billion less than it projected in February, according to a report released Friday afternoon. Th..
Faced with Facebook, Starbucks and Angela Merkel, the US stock market has chosen to focus on Merkel. For a second day, Wall Street powered higher after European leaders, including German chancellor..
The Australian share market has closed at its strongest level in a week after a pledge by the European Central Bank (ECB) to preserve the euro underpinned renewed investor confidence. At close on F..
Alesco Group chairman Mark Luby has written to shareholders urging them to reject a fresh $210 million takeover offer from DuluxGroup. Mr Luby's letter sent to shareholders on Friday said Alesco ha..
