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The Australian share market closed higher on Wednesday, buoyed by bargain-hunters who helped to make up ground from the previous day's loss. Official figures showing slower than expected wages grow..
OneSteel has flagged more job cuts and possible closures in its loss-making steelworks division after retrenching 400 workers, as the industry reels from weak demand and a high Australian dollar. T..
Total hourly rates of pay, excluding bonuses, rose by 0.9 per cent in the June quarter, official figures show.The wage price index rose 3.8 per cent, seasonally adjusted, from a year earlier, the Aust..
A roundup of trading on major world markets: NEW YORK - US stocks fell on Tuesday, snapping a three-session winning streak, after a Germany-France summit dashed hopes for immediate steps to resolve..
Stocks to watch on the Australian stock exchange on Wednesday:AGO - ATLAS IRON LTD - down 11 cents at $3.76Atlas Iron chief executive David Flanagan will press federal independent MPs about the govern..
The Reject Shop has reported a "disappointing" result as full year profit fell 31 per cent after the discount chain was caught in the fallout of the summer's natural disasters.Company chairman Bill St..
Shares in Brambles soared after announcing plans to offload its information management subsidiary Recall.The logistics group intends to use the proceeds to reduce debt and invest more than half a bill..
Shopping centre owner Westfield Group says it is looking beyond the current malaise in retail spending, pinning its hopes on its first foray into Italy and Brazil while the outlook for its US operatio..
Australian vaccine and drugs maker CSL has found itself an unwitting victim of the financial crisis gripping Greece.CSL revealed on Tuesday that the fallout from the crisis had spread to its balance s..
Boral's chief executive has defended the $530 million price the building materials company paid to buy the other half of its Asian plasterboard joint venture.Some analysts regard the price tag as too ..
The Australian share market closed lower, ending a three trading-day rally as investors pulled back in response to the local dollar rising in afternoon trade. The benchmark S&P/ASX200 index was..
Building products maker James Hardie Industries expects a higher operating profit in fiscal 2012 despite weak housing construction in Australia and the United States.Chief executive Louis Gries said n..
Wagering and gaming firm Tabcorp says its continuing businesses are well positioned, and the company is confident heading into the current financial year.Tabcorp, which demerged its casino operations ..
Copper and gold miner OZ Minerals remains on the hunt for acquisitions and has booked a 72 per cent slump in first half profit after spending $60 million settling a class action. Shares in the cash..
A new push by Westpac Banking Corporation to improve productivity is likely to result in job losses and outsourcing overseas.The country's second biggest bank plans to reconfigure its back office and ..
Stocks to watch on the Australian stock exchange at close on Tuesday:ANN - ANSELL LTD - up 54 cents at $13.68Ansell has increased full year profit by 2.7 per cent as the rubber gloves and condom maker..
The European Central Bank revealed Monday that it splashed out 22 billion euros ($A30.44 billion) last week - more than it has ever done before - propping up the bond markets of Italy and Spain. Ne..
US stocks rallied on Monday, erasing last week's losses, after a raft of big merger and acquisition announcements spurred buying momentum. The Dow Jones Industrial Average leapt 213.88 points (1.90..
Qantas Airways has set a five-year target to return its struggling international operations to profitability.The airline announced on Tuesday it was cutting some long-haul flying, deferring orders of ..
Australian shares closed sharply higher, extending earlier gains in the day, led by bargain hunters on the back of positive company results.At 1615 AEST on Monday, the benchmark S&P/ASX200 index was u..
Leighton Holdings is confident of turning a $1 billion full year profit within five years after having its tail feathers "bloody well burnt" to the tune of $400 million in fiscal 2011. Shares in Au..
Newcrest Mining has delivered a record full-year profit and is bullish about the continuing strength of the soaring gold price. Australia's biggest gold miner also said on Monday that it was pressi..
Internet service provider iiNet Ltd's annual profit fell three per cent, but recent acquisitions and rising customer numbers are expected to drive profit growth in the year ahead.iiNet's net profit fo..
Engineering firm UGL says the strong Australian dollar has been a drag on earnings even though it managed to lift profits because of the mining boom.The lift was the 10th consecutive financial year UG..
Sales of new motor vehicles in Australia rose 8.6 per cent in July, official data shows.The Australian Bureau of Statistics (ABS) said on Monday that new vehicle sales rose to 84,733 units in July, se..
