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Japan's economic growth in the last quarter of 2013 was weaker than previously thought, revised data shows, underscoring concerns about the pace of recovery. The fresh figures will turn the focus t..
Leighton holdings shares have surged more than 11 per cent as Germany's Hochtief moved to boost its stake in the company and take control of the board. Investors pushed Leighton to a one year high ..
Ship builder Austal has won a $US125 million ($A138.71 million) contract to build two vessels for an unidentified naval customer in the Middle East. Austal will build two 72-metre high-speed suppor..
The Australian market looks set to open lower after Wall Street finished mixed as a better-than-expected US jobs report helped offset anxiety over Ukraine that sent European equities lower. At 0645..
Wall Street stocks have finished mixed as a better-than-expected US jobs report helped offset anxiety over Ukraine that sent European equities lower. At the closing bell, the Dow Jones Industrial A..
As always, it's what the Reserve Bank of Australia doesn't know that's important for the interest rate outlook. When he fronted a parliamentary committee on Friday, RBA governor Glenn Stevens reite..
The share market has ended the week with a slight gain as investors remained unfazed by Russia's incursion into Ukraine and drew comfort from local economic data. "The Ukraine situation that has be..
Reserve Bank governor Glenn Stevens has warned Australia faces fiscal problems in the medium term because social programs have not been fully funded. Mr Stevens on Friday told federal politicians o..
Westpac chief financial officer Phil Coffey has been promoted to the role of chief executive Gail Kelly's deputy. In the newly created position, Mr Coffey will work directly with Mrs Kelly on "crit..
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..
