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Casino operator Echo Entertainment has raised $266 million in the first stage of a new share sale launched to reduce its debt and support its VIP gambler business. The company says it expects to ra..
The Australian sharemarket has gained almost two per cent as relieved investors bought mining stocks after the election result in Greece. The local market was one of the first to open after Greece'..
Another Australian brewing company is to be bought out by foreign interests, with Lion to acquire the maker of Little Creatures. The Japanese-controlled Lion, formerly Lion Nathan, owns 36 per cent..
Developer Lend Lease has reached an agreement for the sale of its interest in a major project in London for STG100 million ($A156.45 million). Lend Lease will sell its stake in the Greenwich Penins..
Sales of new motor vehicles in Australia rose 2.4 per cent in May, official data shows. In May, 91,994 new vehicles were sold, seasonally adjusted, compared to an upwardly revised 89,812 in April, ..
Shares in rare earths miner Lynas have soared after an appeal against the operating licence for its controversial new plant in Malaysia was dismissed. The Lynas Advanced Materials Plant (LAMP) in G..
The Australian dollar has hit a one-month high after Greek elections gave the market some hope the debt-stricken nation will stay in the euro zone. At 1200 AEST on Monday, the Australian dollar was..
The outcome of the elections in Greece shows that Greeks are in favour of the deep economic and fiscal reforms required to pull the country out of crisis, German Finance Minister Wolfgang Schaeuble sa..
Stocks to watch on the Australian stock exchange early today: APN - APN NEWS & MEDIA LTD - down 0.5 cents at 74 cents Independent News & Media (INM), the Irish parent of Australasia's AP..
Fairfax will slash nearly 2,000 jobs, shut two printing presses and start charging to view its key websites in the biggest shake-up in the newspaper publisher's 170-year history. Australia's second..
Casinos operator Echo Entertainment Group will seek to raise $454 million via the issue of new shares as it deals with an expected fall in earnings of up to 39 per cent. Echo expects to report earn..
The Australian share market has closed slightly higher, but trading volumes were low as investors remained cautious ahead of the weekend elections in Greece. On Friday, the benchmark S&P/ASX200..
The Australian dollar has positioned itself above parity with its US counterpart and could move higher in the wake of this weekend's Greek elections. At 1700 AEST on Friday the Australian dollar wa..
Australian bond future prices have fallen in a quiet day of trading, as investors anticipate the Greek election and a possible boost to the US economy. Westpac's head of interest rates, Russell Jon..
Computershare has sold one of its businesses in the United Kingdom to interests associated with its chairman Chris Morris for STG400,000 ($A624,951). The sale comes just a few days after the share ..
Coalworks chairman Wayne Mitchell says shareholders will overwhelmingly support a deal to accept a takeover offer from Whitehaven Coal. Mr Mitchell said the NSW miner struck a deal with Whitehaven ..
Britain has announced plans to provide the country's banks with cheap funding in an effort to stimulate lending and resuscitate its ailing economy. Finance Minister George Osborne and Bank of Engla..
US stocks pushed higher on Thursday amid speculation of more stimulus from the Federal Reserve after another batch of poor data releases. Rumours of central bank coordination to head off contagion ..
The Australian share market has closed lower as nervous investors look ahead to Sunday's Greek elections. On Thursday, the benchmark S&P/ASX200 index was down 21.6 points, or 0.53 per cent, at ..
Several suppliers to Coles and Woolworths have raised concerns of bullying by the supermarket giants. Australian Competition and Consumer Commission (ACCC) chairman Rod Sims made the call earlier t..
NewSat Ltd shares have risen 2.5 per cent after the company signed a $30 million deal to provide communications coverage in Afghanistan. The satellite, broadband and communications services provide..
Malaysian Airlines has been fined $6 million after admitting to fixing freight prices with other international carriers. After being pursued by the Australian Competition and Consumer Commission (A..
About 1,200 of 2,700 jobs in Australia threatened by the collapse of engineering conglomerate Hastie Group have been saved. But the administrator of Hastie Group, PPB Advisory's Ian Carson, says cr..
More than $25 million in Fairfax shares have been bought in one transaction, fuelling speculation mining magnate Gina Rinehart is increasing her stake in the media company. At 1228 AEST on Thursday..
Wealth manager Perpetual says it is not aware of a reported private equity takeover bid that has prompted a spike in its share price. Perpetual shares were up by $1.80, or 8.3 per cent, at $23.44 a..
