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The Australian sharemarket has staged a moderate recovery to buck a negative lead from the US overnight. After spending three consecutive days in the red, stocks were up two-thirds of a per cent so..
Woolworths achieved an additional $1.8 billion in sales during the final six months of 2013, as its supermarkets continued to attract more customers. The retail giant sold $31.8 billion worth of go..
Australia's Westpac bank has become only the third bank to be granted a licence to trade derivatives in China. Westpac Asia general manager Bala Swaminathan says the licence from the China Banking ..
US stocks have ended modestly lower following mixed jobs and services sector data and as investors looked ahead to Friday's US labour market report. The Dow Jones Industrial Average slipped 5.01 po..
The operator of Sydney's The Star casino says it needs to upgrade its private gaming rooms after they suffered a sharp fall in revenue. Echo Entertainment says more work is required at The Star des..
The sharemarket lost early gains to again close lower as investors remain cautious ahead of the release of corporate earnings reports. The local market looked set for a rebound from its heaviest on..
Toyota has increased its sales by two per cent, further cementing its position as Australia's top selling brand. Australians bought 13,645 Toyota vehicles in January, an increase of 270 on the same..
The operators of the Kalgoorlie Super Pit - Australia's largest open cut gold mine - say they will extend its processing life. Kalgoorlie Consolidated Gold Mines (KCGM), a joint venture project bet..
The sharemarket has lost early gains to again be in the red, after suffering its heaviest one-day fall in six months on Tuesday. Local stocks opened slightly higher on Wednesday after gains on Wall..
Online spending had a solid rise in December, driven by Christmas time sales of electronic games, toys, groceries and liquor. The National Australia Bank's online retail sales index rose 1.6 per ce..
The Australian sharemarket has bounced back slightly after Tuesday's heavy losses. On Tuesday local stocks suffered their heaviest losses since August after nervous investors reacted to a sharp fal..
Engineering group Downer EDI has won a $70 million contract with Crocodile Gold Corp to help run the Canadian company's Northern Territory operations. Under the two-year deal set to start in March,..
The services sector is moving closer toward expansion, thanks to low interest rates and the falling Australian dollar. The Australian Industry Group Australian Performance of Services Index (PSI) j..
US stocks have closed higher after some solid corporate results helped spark a partial recovery from the prior day's rout. The Dow Jones Industrial Average rose 72.44 points (0.47 per cent) to 15,4..
A victory for ANZ customers fighting tens of millions of dollars in illegal penalty fees has been dubbed a landmark day for Australian consumers. ANZ, one of Australia's largest companies, is facin..
The Australian sharemarket has suffered its heaviest one-day losses since August, with spooked investors reacting to a sharp fall in US manufacturing activity growth. Stocks on Wall St also had the..
The sharemarket remains significantly weaker as investors react to surprisingly weak US manufacturing data. Investors' risk appetite has shrunk after figures showed growth in the US manufacturing s..
The Reserve Bank of Australia has bad news for borrowers - no more interest rate cuts for some time. The RBA kept the cash rate unchanged at its first board meeting of 2014, highlighting an improve..
The sharemarket has dropped sharply following the US market's worst fall since last June. A brutal night on Wall Street left the S&P 500 down 2.28 per cent after weaker-than-expected US manufac..
Online real estate advertiser REA Group remains committed to its expansion into Italy despite economic challenges in the European nation. The company behind realestate.com.au increased its net prof..
Engineering and construction company Downer EDI expects the rest of this financial year will remain a period of consolidation for the business, rather than growth. But the maker of passenger and fr..
US stocks have fallen more than two per cent after a surprisingly weak US manufacturing report sparked another round of selling amid concerns about the strength of the global economy. The Dow Jones..
Australian shares have closed flat due to a slow start to the local earnings season and holidays in Asia. Local shares began weaker after the US stockmarket fell sharply on continued unease over em..
Export commodity prices fell in January to their lowest level for nearly four years. The Reserve Bank of Australia's (RBA) index of commodity prices was 1.5 per cent lower in the month, in foreign ..
Australian shares are slightly weaker as the corporate earnings season begins with strong results from several retailers. The local market had a weak opening on Monday after US shares fell sharply ..
