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Moody's has hit 28 Spanish banks with new credit downgrades, as Madrid formally requests a rescue loan of up to 100 billion euros ($A125.64 billion) for the banking sector from its eurozone partners. ..
Stocks to watch on the Australian stock exchange today ALS - ALESCO CORPORATION LTD - down one cent at $1.98 DLX - DULUXGROUP LTD - up two cents at $2.98 Paint maker DuluxGroup says Alesco's ..
US stocks have tumbled as Europe's leaders appeared still divided on how they will address their crisis in the coming crunch summit for the eurozone. Research in Motion's 7.6 per cent drop on a dow..
Billionaire Kerry Stokes' positioning for a possible bid for Consolidated Media Holdings (ConsMedia) was most likely serious but unlikely to succeed, analysts say. The Seven Group chairman signalle..
Struggling surfwear retailer Billabong International is expected to fend off more takeover bids after its share price dived to its lowest level on record. More than a third of Billabong's stock val..
The Australian share market closed lower as investors expect a summit of European Union leaders this week to achieve little in solving the eurozone's ongoing problems. At 1615 AEST on Monday, the b..
Air Pacific has returned to profitability on the back of a rise in passenger numbers, with the Fiji-based carrier holding its own against bigger rivals Virgin Australia and Jetstar. Operating profi..
Perpetual has flagged a massive profit slide and pay cuts for its board as it begins a major restructure that involves the loss of hundreds of jobs. The fund manager said on Monday that it will sla..
Paint maker DuluxGroup says Alesco's rejection of its bid is misconceived and deficient but that the offer remains "compelling". DuluxGroup also repeated on Monday that a takeover of Alesco made go..
ANZ Banking Group's business customers are the banking sector's most dissatisfied, a survey says. The latest DBM Business Financial Services Monitor shows ANZ's customer satisfaction levels in May ..
A roundup of trading on major world markets: NEW YORK - US stocks rebounded Friday after Thursday's sharp fall, helped by European leaders meeting in Rome signalling a 130 billion euro ($163 billio..
Home buyers are expected to become more active over the next three years as conditions in the property market improve, a report says. The Residential Property Prospects, 2012 to 2015 report from ec..
Stocks to watch on the Australian stock exchange on Monday: BHP - BHP BILLITON LTD - down 68 cents at $31.52 BHP Billiton has committed $US845 million ($A832.47 million) to opening a new mine at..
Australian shares finished almost one per cent lower due to widespread concerns about global growth. At the close on Friday, the benchmark S&P/ASX200 index was down 39.4 points, or 0.96 per cen..
The Australian dollar is more than one US cent lower, following weak global data followed by little economic news. At 1700 AEST on Friday, the local currency was trading at 100.26 US cents, down fr..
Westpac Bank has made contingency plans in case wholesale funding markets dry up due to global jitters. The health of 15 of the world's largest financial institutions have again been called into qu..
BHP Billiton will spend $US845 million ($A832.47 million) to open a new mining area at its Illawarra Coal business to sustain production, ensuring continued employment for 500 workers and a further 30..
Moody's has lowered the credit ratings of 15 major banks. The downgrades announced on Thursday included Bank of America, JPMorgan Chase and Goldman Sachs in the US and Barclays, Deutsche Bank and H..
Fortescue Metals Group says it can beat the federal government's mining tax in a legal challenge that will thrash out the century-old states versus Commonwealth rights debate. Fortescue has launche..
US stocks have slid sharply, with the Dow Jones Industrial Average sinking two per cent, as disappointing economic data from China and Europe followed the Federal Reserve's slashing its growth forecas..
Engineering firm Downer EDI has won a $73 million contract to build locomotives for iron ore miner Fortescue Metals Group. Downer will build 19 locomotives, with the first to be completed by August..
Stocks to watch on the Australian stock exchange on Friday, June 22 APN - APN NEWS & MEDIA LTD - down 2.5 cents at 71 cents Struggling regional media publisher APN News & Media is bulkin..
Struggling regional media publisher APN News & Media is building its online presence in an effort to reposition for growth and boost digital earnings. The group is paying $36 million for an 82 ..
Australians are paying less in bank fees and charges but still hand over nearly $500 a year. Bank fees charged to households fell for the second year in a row in 2010/11, an annual survey by the Re..
The Australian share market closed sharply weaker on negative economic news. Chinese data showed the country's manufacturing sector continuing to shrink, and investors were disappointed with the ou..
