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Australia's top central banker says recent interest rate cuts are not designed to spare mortgage holders the pain of falling house prices. Reserve Bank of Australia (RBA) Governor Glenn Stevens on ..
ANZ Banking Group has cut its variable interest rates on home loans and business loans by 25 basis points. Meanwhile, Commonwealth Bank has reduced it's interest rate by 21 basis points and Westpac..
Federal Reserve chairman Ben Bernanke says the US central bank is prepared to take further steps if the economy weakens, but he isn't signalling that any action is imminent. Bernanke says the Europ..
Stocks to watch on the Australian stock exchange today: AUT - AURORA OIL & GAS LTD - down 18 cents at $3.31 Shale gas producer Aurora oil and gas has joined Australia's top 100 companies on ..
Australian shares finished stronger for the third consecutive day amid renewed optimism about Europe's ability to avert a financial disaster in Spain. At the close on Thursday, the benchmark S&..
Gains of more than one per cent on the Australian stock market were not enough to stop Qantas Airways shares hitting new all-time lows. Qantas fell 6.5 cents, or 5.78 per cent, to $1.06 on Thursday..
A union believes that the closure of Shell's Sydney oil refinery will inevitably lead to job losses despite the company saying it would assist workers to find other positions with the energy giant. ..
Australia's economy has again bucked the gloomy global trend, with a surprising jump in employment in May. The number of people in work rose by 39,800 in May, data released by the Australian Bureau..
US-focused shale gas producer Aurora Oil and Gas will join Australia's top 100 companies by market value after the latest adjustment to the S&P/ASX 100. The company also announced a sharp rise ..
A new study says China's annual investment in Europe tripled last year to $US10 billion ($A10.12 billion) as Chinese companies sought new markets and technology. The report released on Thursday by ..
The number of company collapses so far this financial year is up 13.6 per cent on the previous period a year ago, and many companies are expected to remain under pressure. Accounting firm Taylor Wo..
Power from renewable energy sources is getting cheaper every year, according to a newly-released study, challenging long-standing myths that clean energy technology is too expensive to adopt. Accor..
A Federal Reserve survey has found the US economy grew moderately in most regions of the country in April and May and companies kept hiring. It was a hopeful sign after a spate of gloomy data relea..
Whitehaven Coal says it is better placed now to develop the highly regarded Maules Creek coal project in NSW after it sold a stake in the development. The statement comes after Whitehaven sold a 10..
Australian stocks have closed higher for a second straight day despite giving up early gains after a closer inspection of the latest economic growth figures. At 1615 AEST on Wednesday, the benchmar..
The Australian dollar rose to its highest level against its American counterpart in more than two weeks following better than expected domestic growth data. At 1700 AEST on Wednesday, the Australia..
Some small banks have begun to pass on the central bank's June rate cut, but home owners are still waiting for the big four to make a move. Beirut Hellenic Bank became the first lender to cut its i..
A strong finish to the fiscal year has enabled takeover target Alesco Corporation to upgrade its expected annual underlying profit. However, the supplier of garage doors, construction products, cab..
AGL Energy has raised $356.1 million through the institutional stage of its $900 capital raising to help pay for the Loy Yang brown coal power station. The offer to retail shareholders is open unti..
Television broadcaster Ten Network has tapped the market to raise $200 million to strengthen its balance sheet and invest in programming but says there is little sign of improvement in the advertising..
It seems we have not, all of a sudden, become a nation of layabouts who've lost the will to do better. The latest national accounts brought more good news than just the out-of-the-blue jump in econ..
Stocks to watch on the Australian stock exchange on Wednesday, June 6 ANZ- ANZ BANKING GROUP LTD - up 45 cents at $21.32 CBA - COMMONWEALTH BANK OF AUSTRALIA - up 95 cents at $50.00 NAB - NAT..
US stocks managed to eke out moderate gains in choppy trade Tuesday as investors weighed an unexpected growth pickup in the services sector and Europe's long-running financial crisis. The Dow Jones..
The Reserve Bank of Australia has cut the benchmark interest rate by 25 basis points to 3.5%, effective 6 June 2012. The reduction was in line with economists' expectations and follows a cut of 50 ..
Investors pulled a record amount of money out of Spain during the first quarter, official data shows, in a sign of deteriorating confidence in the country's debt-ridden economy.Capital outflows totall..
