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A large group of Australian councils, charities and churches who sued the now defunct US investment bank Lehman Brothers are one step closer to receiving a multi-million dollar settlement.The Federal ..
Mining giants Rio Tinto and BHP Billiton are expected to post softer iron ore and coal shipment reports after a series of cyclones hit northern Australia earlier this year. Analysts expect a hefty ..
Shareholder services provider Computershare has paid $US10 million ($A9.57 million) to buy a quarter stake in a US-based company. Computershare has bought a 25 per cent stake in INVeSHARE - which d..
Australian stocks have opened weaker, with the big miners leading the broader market lower after commodities prices, particularly gold, were hit hard in offshore trading. The price of gold reached ..
The federal opposition has rejected suggestions that Telstra has it over a barrel because it needs the telco's copper wires for its alternative national broadband network. The coalition released it..
US stocks have closed lower after two record-setting days, with sentiment dulled by poor US retail sales figures for March and more prospects of slow economic growth around the world. The Dow Jones..
Australian shares closed marginally higher on Friday to complete their biggest one-week gain since last October. The strong weekly again, of 2.5 per cent, appeared to be making up for the heavy los..
Stocks to watch on the Australian stock exchange at close on Friday: ANZ - ANZ - up two cents at $28.71 ANZ has left its variable interest rates on hold for April following its monthly review. ..
APA Group is to sell the Moomba-to-Adelaide gas pipeline system to QIC Global Infrastructure for $400.6 million. The pipeline was acquired by natural gas infrastructure business APA when APA took a..
ANZ has left its variable interest rates on hold for April following its monthly review. The bank said on Friday that its Australian retail mortgages would remain at 6.40 per cent. Variable inte..
Australia's domestic airlines cut the price of their cheapest economy tickets in April.Discount ticket prices for domestic travel fell by as much as 20 per cent compared with March, according to the B..
Australian banker Ken Borda is to replace Peter Coates as chairman of oil and gas producer Santos. Mr Coates has taken a full-time executive job at the merged Glencore-Xstrata resources group and t..
Australian stocks were flat at noon after giving up some of its early gains. Local stocks opened 0.2 per cent higher, as investors took their cues from fresh record highs on Wall Street and confirm..
Shares in Calibre Group have plummeted nearly 60 per cent following a profit warning just one month after the engineering and asset management firm affirmed guidance for a higher profit. Calibre, w..
Woodside is warming to building a floating LNG processing plant for its $45 billion Browse project after scrapping plans for a controversial onshore facility in Western Australia.The energy giant on F..
US stocks have pushed to new record levels after the government's weekly report on jobless claims came in better than expected. The Dow Jones Industrial Average jumped 62.90 points, or 0.42 per cen..
Australian grocery giant Woolworths is considering setting up shop overseas, but won't say where it's looking. Chief executive Grant O'Brien made the comments as the retailer posted a 2.5 per cent ..
Stocks to watch on the Australian stock exchange at close on Thursday: WOW - WOOLWORTHS - up 48 cents, or 1.42 per cent, at $34.37 WES - WESFARMERS - up 42 cents, or 1.05 per cent, at $40.54 ..
The Australian share market has bounced back to close above the key 5,000 point mark for the first time in a month amid hopes that local interest rates will fall. Official figures showing the unemp..
Norton Gold expects to increase production and continue cutting costs to help keep it on track to meet its 2013 production targets. Norton's gold production rose 28 per cent in the March quarter, w..
Gina Rinehart's Roy Hill iron ore project has awarded $71 million worth of rail and port construction contracts to Decmil Group. Decmil will design and construct rail and port facilities along with..
BHP Billiton's chairman is calling for a summit to head off a fall in Australia's international competitiveness and bring about the biggest economic reforms since the 1980s.Jac Nasser made the call du..
Gold slumped Wednesday in the largest decline since November as details from the US Federal Reserve's latest policy meeting showed more discussion on throttling back on the central bank's easy-money p..
Renters in Sydney, Perth and Darwin are set to pay more because those cities still lack sufficient housing, a study shows. However rental growth in Adelaide, Hobart and Canberra is expected to rema..
Australia's unemployment rate has jumped to its highest level in more than three years and is expected to rise further, boosting the chances of further interest rate cuts.The unemployment rate rose to..
