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Atlas Iron is confident that the iron ore price will trade around $US120 per tonne over the next half as Chinese demand continues to hold up. The Pilbara-focused iron ore producer has swung back to..
QBE boss John Neal says it will take some time to turn around the insurance giant from its first full year loss since the September 11 attacks in the US. QBE suffered a net loss of $US254 million (..
US stocks have finished higher as a February rally accelerates amid continued strength of some high-flying technology equities. The broad-market S&P 500 rose 11.36 points (0.62 per cent) to 1,8..
The sharemarket has closed flat after a slower increase in property prices in China generated anxiety about the strength of the Chinese economy. The market had been doing reasonably well in early t..
Shares in Beach Energy have jumped after higher oil prices and sales helped the producer more than triple its half year profit. The company, which operates out of the Cooper Basin in South Australi..
The Australian stock market is on track for a seventh consecutive day of gains, despite the negative impact of several high profile companies trading ex-dividend. The market had defied a mixed lead..
Caltex Australia is counting on the impending closure of its Sydney refinery to reduce volatility in its earnings, after annual profit fell by 28 per cent. The company plans to shut the Kurnell pla..
Asset management firm Transfield Services has won a $1.2 billion contract to provide garrison and welfare services over a 20-month period at Australia's offshore refugee processing centres on Nauru, a..
Investors have punished Boart Longyear shares after the company made a heavy loss and said would review its operations after having slashed almost 3,500 jobs in the past year. The world's largest d..
Health insurer nib has grown its half year profit by nine per cent, as it attracts more policy holders and increases premium revenue. The company made a net profit of $39.7 million in the six month..
BlueScope Steel has achieved a half year profit for the first time in five years, but its Australian operations continue to lose money. BlueScope turned last year's first half loss of $24 million i..
US stocks have finished with modest declines as investors shrugged off a drop in sale of existing homes as weather-related. The Dow Jones Industrial Average fell 29.93 points (0.19 per cent) on Fri..
A week of daily gains has taken the sharemarket to its highest level in nearly six years. A positive lead from Wall Street and a continuation of positive reaction to local earnings reports helped t..
APN News & Media shares have jumped more than 30 per cent after trading resumed following a $112 million capital raising to take full control of its radio businesses. The dual listed stock surg..
The new owner of Shell's downstream assets in Australia has guaranteed no jobs will be slashed under a $2.9 billion buy-out of its petrol stations and Geelong refinery. Shell confirmed on Friday it..
The Australian sharemarket has maintained its early rally to hit a near six-year high. The All Ordinaries index was around 0.6 per cent up by early afternoon, putting it at its highest level since ..
Casinos operator Crown Resorts says tax rates on high-roller play at its Melbourne casino are making the facility uncompetitive with other casinos in Australia and Asia. Crown Resorts chief executi..
Oil and gas producer Santos has flagged higher dividends as it prepares to boost production. Santos expects to double its earnings and operating cash flow over the next two years as the Papua New G..
Insurance Australia Group has lifted its first half profit almost by 40 per cent despite a decline in its margins due to higher than expected claims. The owner of brands such as NRMA and CGU incurr..
US stocks have rallied, as investors shrugged off some disappointing US economic data that was largely chalked up to severe winter weather. The Dow Jones Industrial Average gained 92.67 points (0.5..
National Australia Bank has grown its quarterly cash profit to $1.55 billion, but warns it could face more costs in its troubled UK businesses. Improved earnings in the UK operations was marred by ..
The Australian share market has finished a touch higher as investors reacted positively to strong earnings reports from major companies. However, the gains were trimmed late in afternoon trade foll..
A key index of Chinese manufacturing contracted further in February to hit its lowest level in seven months, HSBC says, in a sign of diminishing strength in the world's second-largest economy. The ..
Positive reactions to earnings reports from several major companies have pushed the share market higher. Morning trade had been mildly positive despite a negative lead from US markets, IG market st..
Internet service provider iiNet's half year net profit is down nine per cent. The company made a net profit of $29 million for the six months to December 31, compared to $31.9 million in the same p..
