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Billion dollar profits are back on the agenda for QBE as the insurer tries to get back on track after a "perfect storm" of problems with its US business.The profit growth forecast comes as a law firm ..
Insurer QBE says it faced a "perfect storm" of problems with its US business in 2013, and expects the division's performance to stabilise in 2014. The forecast comes as a law firm looks into launch..
Australasia's biggest food company, Goodman Fielder, is bringing forward its plans for 300 job cuts in response to a weaker than expected financial performance.The owner of Helga's, Vogel's, Meadow Fr..
Shares in Australasia's biggest food company, Goodman Fielder, have plunged by nearly 20 per cent, after the company said it would not meet profit expectations.The company has also signalled writedown..
The World Bank plans to nearly double its annual lending to emerging economies like China and India as part of its effort to eliminate extreme poverty by 2030. The Bank announced on Tuesday it woul..
Stocks to watch on the Australian stock exchange on Wednesday, April 2: CWN - CROWN - up three cents, or 0.2 per cent, at $16.66 EGP - ECHO ENTERTAINMENT - up three cents, or 1.2 per cent, at $2..
The Australian market looks set to open higher after Wall Street gained following solid manufacturing data from China. At 0645 AEDT on Wednesday, the June share price index futures contract was up ..
The S&P 500 has closed at a new record as US stocks rallied following solid economic data and Federal Reserve reassurance of support for the recovering economy. The S&P 500 jumped 13.18 (0...
The share market has closed lower despite pulling back most of its early losses after official data showed a slight improvement in China's manufacturing activity. A better than expected reading fro..
BHP Billiton could be planning to set up a separate $20 billion company comprising its aluminium, bauxite and nickel assets.The global mining giant has not confirmed or denied media reports that senio..
The Australian dollar has climbed after the release of better than expected manufacturing figures from China. At 1200 AEDT on Tuesday, the local unit was trading at 92.88 US cents, up from 92.31 ce..
The share market has made a better than expected start to the week, with gains in most sectors. Monday is the final day of trading for the third quarter of the financial year, which would probably ..
The Australian market looks set to open flat despite strong gains on Wall Street, after Federal Reserve chair Janet Yellen said unemployment was still a big factor in the US economy's recovery. At ..
US stocks have opened higher with biotechnology and other stocks heavily sold last week showing a rebound. Five minutes into trade, the Dow Jones Industrial Average was up 121.37 points, or 0.74 pe..
Economists predict the cash rate will stay on hold when the board of the Reserve Bank of Australia meets today. But many forecasters say there could be a string of rate hikes next year, with the ca..
The Australian dollar has bounced after Federal Reserve chair Janet Yellen made dovish remarks about the US economy's recovery. At 7am today (AEDT), the local currency was trading at 92.73 US cents..
The share market has posted gains after a positive lead from global markets and more encouraging local economic data. A calming in European tensions, speculation of mini-stimulus in China and good ..
Billionaire Kerry Stokes' Seven Group Holdings has lodged a takeover bid for debt laden oil and gas company Nexus Energy. The media and industrial services group plans to acquire all shares in Nexu..
Toy distributor Funtastic has suffered a $26 million half year loss and says sales of some of key brands have been disappointing. The company's loss in the six months to January 31 was largely caus..
New home sales are at a near three year high, driven by a boom in detached house sales. Detached house sales jumped 6.9 per cent in February, according to data from the Housing Industry Association..
Qantas has unveiled a new loyalty program for small and medium sized businesses, just days after the airline angered passengers with changes to its frequent flyer offering. The airline's new awards..
Inflation has continued to rise, signalling the beginning of the end for the record low cash rate. The TD Securities Melbourne Institute monthly inflation gauge rose by 0.2 per cent in March and by..
Andrew Forrest's Fortescue Metals Group will continue exploring for iron ore in the Pilbara despite lower growth forecasts for China and weaker iron ore prices. As the company opened the final stag..
Qantas has drawn the ire of frequent flyers by cutting the number of points passengers can earn on cheaper fares as part of an overhaul of its loyalty program. Hundreds of customers have taken to T..
US stocks have closed in the red, with the tech-rich Nasdaq leading the losses for a second day as investors weigh a batch of mixed economic data. The Dow Jones Industrial Average slipped a scant 4..
