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Central Australian Phosphate's shares fell after Canadian gold miner Monument Mining withdrew from a two-way battle to take over the explorer.Monument has instead struck an $8.8 million deal to buy a ..
The Australian dollar has hit a fresh 11-month low as investors continue to pile onto its US counterpart.The currency fell to 98.28 US cents on Thursday afternoon, a level not seen since June 2012.By ..
Fish farmer Clean Seas Tuna's shares have risen more than 27 per cent after it forecast a $4 million to $6 million full year loss and said a profit was in sight.The result would be a significant 60 pe..
Meridian Energy has been confirmed as the second cab off the rank in the New Zealand government's asset sales program, but budget documents say nothing about plans for a selldown of Air New Zealand.Th..
Iron ore hopeful Brockman Resources is seeking access to Fortescue Metal Group's (FMG) rail infrastructure in the Pilbara region of Western Australia.The junior iron ore explorer has applied through t..
Foxtel says it will compensate its customers who did not receive a promised free television within 10 days as promised as part of a promotional offer.The pay television company has given an undertakin..
Virgin Australia's shares have tumbled following a profit warning issued by the airline after the market closed on Wednesday.Its shares closed eight cents, or 17.39 per cent lower, at 38 cents, making..
Australia's largest grains handler has reported one-third profit drop as regulators consider a takeover bid from an American food giant.While the earnings were weaker, Graincorp chief executive Alison..
US stocks closed at new all-time highs following a choppy day of trading on Wednesday as investors shrugged off more economic gloom from the eurozone. The Dow Jones Industrial Average rose 60.44 (0..
The Australian market closed lower as the big miners fell on lower commodity prices and downgrades of Chinese growth forecasts.The falls went against the flow after US, European and Asian markets post..
Building products supplier CSR has recorded a full-year statutory net loss of $146.9 million, including the write-down of its Viridian glass business.CSR's trading revenue for the year to March droppe..
Dexus Property Group has sold five of its six remaining European industrial properties for a total of 16.5 million euros ($A21.72 million).Dexus, which specialises in owning, managing and developing o..
Engineering firm UGL has blamed a slowdown in resources and infrastructure investment for a big downgrade in its profit guidance.The company also says a demerger of its property services business DTZ ..
France has entered a recession as its first quarter gross domestic product fell 0.2 per cent, after a similar contraction in the last quarter of 2012, the official INSEE statistics office said.A reces..
Building products group CSR has put on a brave face after posting a $147 million loss, saying it believes Australia's housing market is recovering.Chief executive Rob Sindel pointed to two sets of str..
Commonwealth Bank of Australia has lifted its third quarter profit by 12 per cent to $1.9 billion.Australia's largest home lender said market conditions remained subdued during the three months to Mar..
BHP Billiton's new chief executive Andrew Mackenzie has outlined plans to slash capital spending by almost a fifth.In his first major address as head of the world's biggest resources company, Mr Macke..
Former prime minister John Howard says the federal budget was more about politically disadvantaging the opposition than the future of the economy.Mr Howard has told a business breakfast in Brisbane th..
US stocks have surged to new all-time closing highs on renewed optimism after a prominent hedge fund manager said the stock rally of 2013 still has more room to go. The Dow Jones Industrial Average..
The Australian market has closed higher after a volatile day of trading due to the impending federal budget. RBS Morgans private client adviser Craig Walker said the local market had been all over ..
New Zealand shares fell on Tuesday as recently listed Mighty River Power continued to dominate trading, dropping to within 1 cent of last week's offering price. P The NZX 50 Index declined 25.78 po..
Mining services provider Macmahon Holdings' shares have shot up by more than 20 per cent after it detailed positive growth in a "changing and challenging environment". Macmahon in an update on Tues..
Mining contractor Barminco has refinanced $US485 million in debt.Barminco said the senior note offering was oversubscribed."The note facility will provide Barminco with a simplified, long-term debt st..
Chrysler is recalling 469,000 older model sport-utility vehicles worldwide to fix an electrical problem that could allow the SUV to unintentionally roll away.The US automaker announced over the weeken..
Owner-occupier home loan approvals have posted the strongest jump in four years. Personal and business financing are also showing signs of growth, following a series of interest rate cuts. But h..
