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The Reserve Bank of Australia (RBA) decided on a hefty cash rate cut in May partially because the big lenders had independently jacked up their rates. After its May 1 board meeting, the RBA cut the..
Facebook plans to raise the price of the shares it offers to the public on Friday as high as $US38 ($A38.28), giving the company a valuation in excess of $US100 billion, Bloomberg News reported. Fa..
Industry veteran Richard Cottee has taken up the reins as chief executive at conflict-ridden Central Petroleum, saying it's the company's massive exploration acreage that appeals to him. Mr Cottee ..
Australian bond future prices have risen to their highest level ever amid fears Greece's political crisis could see it exit the euro zone. At 0830 AEST on Tuesday, the 10-year bond futures contract..
Westpac has cut its interest rates on its short term fixed rate home loans by up to 20 basis points. The bank said the rate on its three-year fixed rate loan would drop from 6.39 per cent to 6.19 p..
Stocks to watch on the Australian stock exchange on Tuesday May 15 BHP - BHP BILLITON LTD - up nine cents at $34.46 BHP Billiton's petroleum boss has defended the company's $20 billion foray int..
A roundup of trading on major world markets: NEW YORK - US stocks have closed firmly in the red as Greece's political stalemate and Spain's banking problems drove new fears about the strength of th..
Australian shares closed slightly higher, driven by gains in the telecommunications and financial sectors. At the close on Monday, the benchmark S&P/ASX200 index was up 11.9 points, or 0.28 per..
The once-mighty Aussie dollar is losing purchasing power as it slips below its US counterpart but TVs and electrical gadgets are likely to stay dirt cheap - for a while at least. Overseas holidays ..
Paint maker DuluxGroup says its takeover bid for garage door and construction products supplier Alesco is not a "must do" deal. However, DuluxGroup chief executive Patrick Houlihan says the bid is ..
A rise in new home loans in March is a sign the housing sector is stabilising, and recent official interest rate cuts could give it a boost, economists say. The number of home loans approved in Mar..
National Australia Bank will raise up to $500 million by issuing subordinated notes to investors. The issue of the unsecured, subordinated debt obligations has the ability to raise more or less tha..
Africa-focused uranium miner Paladin Energy says production at its mine in Malawi has been stalled after local workers walked off the job. Paladin's annual production will be impacted by the stoppa..
Lend Lease and a Leighton Holdings subsidiary have been awarded work on Victoria's regional rail link. Lend Lease's Abigroup business was awarded a contract worth about $750 million for work on the..
Explosives and fertiliser producer Incitec Pivot's first half profit has dropped by 13 per cent due to significantly lower earnings from fertilisers. The company's net profit for the six months to ..
National Australia Bank (NAB) chief executive Cameron Clyne says he expects the central bank to deliver more interest rate cuts. "We're likely to see another 50 basis points of cuts over the course..
US stocks took a beating this week, only to face more turbulence from Europe as Greece grapples with rising political uncertainty that could cost the country's crucial EU-IMF bailout. Investors are..
The Australian share market has closed lower, after some bad news about the largest bank in the US, JPMorgan Chase, spooked investors. On Friday, the benchmark S&P/ASX200 index was down 10.5 po..
China's economy is slowing further, defying hopes it may have "bottomed out", with data for April showing sharper than expected declines in investment and industrial production. Data released by th..
The competition watchdog has launched an inquiry into APA's competition undertakings that it proposes for its takeover of rival Hastings Diversified Utilities Fund. The Australian Competition and C..
Slater & Gordon says it will book a $10 million non-cash writedown after the High Court decided not to grant its client leave to appeal a full Federal Court decision in the Vioxx class action. ..
Alesco has again urged its shareholders to take no action on the $188 million takeover offer from Dulux Group. The paint and garden-care products supplier released its bidder's statement on Thursda..
Australia's banking watchdog says outsourcing does not always lead to cost savings, rather it can lead to higher costs and a loss of expertise. Australian Prudential Regulation Authority (APRA) cha..
ANZ has become the last of the big four banks to pass on some of the Reserve Bank of Australia's (RBA) interest rate cut. ANZ trimmed its standard variable home loan and business lending rates on F..
Telstra Corporation has appointed a senior executive from within its ranks as chairman of pay-TV provider Foxtel. Robert Nason, Telstra's group managing director of business service and improvement..
