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Central Bank boss Glenn Stevens hopes the unemployment rate won't rise too much further but says a period of interest rate stability should be supportive for business. The Reserve Bank governor tol..
Reserve Bank of Australia Governor Glenn Stevens has warned home buyers to be wary of taking on too much debt to buy a property, especially in light of a sharp rise in Sydney prices. Current levels..
The S&P 500 has jumped to a new record high ahead of Friday's February US jobs report, but caution remained amid rising tensions over Ukraine. The S&P 500 finished up 3.22 points (0.17 per ..
The sharemarket has closed flat as investors remain cautious despite easing concerns over potential conflict between Russia and Ukraine. "There are a few slight concerns, but overall sentiment has ..
A spike in retail spending for January has added to speculation of an interest rate hike later in the year. Retail spending rose by 1.2 per cent in January to $22.9 billion, figures from the Austra..
In the world of essential oils, sandalwood oil is like gold. Australian sandalwood producer TFS Corporation, through its US joint venture entity Santalis Pharmaceuticals, is about to ship 100 kilog..
Troubled surfwear retailer Billabong faces a possible class action from investors hurt by the dramatic decline in the company's fortunes. Law firm Slater and Gordon says it is preparing a lawsuit a..
Carsales.com has agreed to pay $126 million for a major stake in the online operations of South Korea's leading car seller, further expanding its international reach. The company plans to take a 49..
BlueScope Steel will sell some of its assets in Western Australia in order to win regulatory approval of its $23 million purchase of the OneSteel sheet and coil business. The Australian Competition..
A disappointing production forecast from oil giant ExxonMobil has pushed the Dow into negative territory on an otherwise flat day for US stocks. The Dow Jones Industrial Average fell 35.70 points (..
The Australian sharemarket has rallied to close at a five and a half year high on renewed hopes of peace in Ukraine and the promise of strong Chinese growth. Russian president Vladimir Putin has sa..
Swiss mining giant Glencore Xstrata is in talks with Rio Tinto about a joint venture deal to streamline the two company's struggling NSW Hunter Valley coal assets. Glencore Xstrata chief executive ..
Qantas chief executive Alan Joyce says he will maintain his strategy of holding 65 per cent of Australia's domestic air travel market despite criticism the capacity war is damaging the airline. Mr ..
Supermarket giant Coles will open 70 new stores in the next three years, creating more than 16,000 jobs. The new stores will be located across the country and are expected to create 8,500 full-time..
China is targeting growth of about 7.5 per cent in 2014, Premier Li Keqiang says, unchanged from last year as the government tempers expectations for an economy transitioning to a more balanced, susta..
The world will rely on fossil fuels for energy for a long time yet despite their role in causing climate change, says BHP Billiton's chief executive Andrew Mackenzie. The head of the world's larges..
Engineering firm Downer EDI has won a $70 million contract to perform structural, mechanical, piping and electrical work at the Technical Ammonium Nitrate Plant project on the Burrup Peninsula in West..
US stocks have soared and investors pushed the S&P 500 to its second record close in three days on signs of easing tensions over Ukraine. The Dow Jones Industrial Average surged 227.85 points (..
Increased mining exports helped lift the pace of economic growth in the final three months of 2013, but other sectors of the economy are still weighing on growth. Australia's economy expanded by 0...
The Australian share market has closed higher as investors await further developments on Russia's incursion into Ukraine. OptionsXpress market analyst Ben Le Brun said the market on Tuesday had a n..
The Reserve Bank is reluctant to make a change to the cash rate in the coming months, after its sixth straight decision to leave it at a record low. "On present indications, the most prudent course..
Building approvals are up for the first time since September, a sign the housing sector is set for a sustained recovery. Approvals for the construction of new homes rose 6.8 per cent across Austral..
Building approvals are up for the first time since September, a sign the sector is set for a sustained recovery that will help offset a downturn in mining construction. Approvals for the constructi..
Toys, clothing, confectionery and film distributor Funtastic is set to sell its film and television distributor and rights management company, Madman Entertainment. Madman Entertainment showcases A..
Virgin Australia says it is pleased with the government's decision to support greater foreign ownership of rival Qantas. The government has announced it wants to repeal a section of the Qantas Sale..
