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Casinos operator Echo Entertainment Group is selling its smallest operation, the Jupiters casino in Townsville, to the privately-owned Colonial Leisure Group for $70 million. Echo expects to make a..
More than $155 million has been wiped from the market value of The Reject Shop after the discount retailer said it had a disappointing Christmas trading period. The company also expects a drop in f..
Exploration spending in the West Australian oil and gas sector dropped by more than 10 per cent in the September quarter. The latest WA Resources and Economics Report shows that contributed to tota..
Sleep disorder equipment supplier ResMed is disappointed with the financial performance of its business in the United States, despite a profit rise. The company began in 1989, selling a device deve..
US existing-home sales increased 1.0 per cent in December from November, wrapping up the strongest year for sales in seven years, the National Association of Realtors says. Sales of used single-fam..
Beef producer Australian Agricultural Company (AACo) has appointed its current general manager of marketing, Jason Strong, as its new chief executive. "Since 2012, Jason has had responsibility for ..
The Australian stockmarket has pushed its way into positive territory after a soft lead from overseas saw it start the local session in the red. The local market started the day on the back foot in..
Australian shares are weaker, following surprisingly weak Chinese manufacturing data. The HSBC purchasing managers' index on Thursday showed Chinese manufacturing activity fell to a six-month low i..
US stocks have sunk after a weak report on Chinese manufacturing activity and the latest batch of lacklustre corporate earnings. The Dow Jones Industrial Average slumped 175.99 (1.07 per cent) to 1..
The share market has fallen as disappointing Chinese economic data and weak leads from overseas markets prompted investors to sell. A preliminary HSBC purchasing managers' index suggested Chinese m..
Chinese manufacturing contracted for the first time in six months in January, casting a pall over growth prospects for the world's second-largest economy this year. British banking giant HSBC's pre..
The interest rate tide has turned, and homeowners are being told to prepare for possible rate hikes by year-end. Australia's cash rate currently sits at a record low of 2.5 per cent. Some econom..
The share market is slightly lower due partly to a mixed lead from overseas markets and low trading volumes. CMC Markets chief market strategist Michael McCarthy said there was little to drive acti..
Australian shares are weaker with most of the big banks following a lacklustre lead from Wall Street. A quarter of a per cent drop on the Dow Jones Industrial Average has been the main drag on the ..
Dairy co-operative Murray Goulburn has taken a swipe at Australia's regulatory process as it conceded defeat in the battle for Warrnambool Cheese and Butter Factory (WCB) to Canadian dairy giant Saput..
Insurance Australia Group has lifted its guidance on insurance profits for the 2013/14 financial year, but cut its forecast for growth in premiums. The company behind NRMA Insurance and CGU updated..
Energy giant Santos says growth in full year production is going to plan, as rising prices help to deliver record sales revenue. Revenue rose by 21 per cent in the three months to December 31, comp..
Gold miner Newcrest is poised for deeper cost cutting after slicing quarterly production costs by 16 per cent. In addition to the cuts, Australia's largest gold miner lifted production six per cent..
US stocks have finished mixed as investors continue to react cautiously to a series of uneven earnings reports. The Dow Jones Industrial Average fell 41.10 points (0.25 per cent) to 16,373.34. T..
Australian shares have closed lower after the release of higher than expected inflation figures. Consumer price index (CPI) growth of 0.8 per cent for the December quarter was above the 0.5 per cen..
Shares in Aurora Oil and Gas have fallen despite the company boosting its quarterly production and revenue. The shale oil and gas developer produced 2.27 million barrels of oil or equivalent (mmboe..
The Australian dollar rose almost two thirds of a US cent following stronger than expected inflation figures. At 1130 AEDT, the Australian Bureau of Statistics announced that Australia's headline c..
Surprisingly high inflation means another cash rate cut is highly unlikely. The consumer price index rose 0.8 per cent in the December quarter, for an annual rate of 2.7 per cent. Economists had..
Australian shares are weaker as lower-than-expected production volumes from global mining giant BHP Billiton weigh down the overall market. BHP, the second largest company on the Australian share m..
Australia's rising jobless rate is chipping away at consumer confidence. Confidence fell by 1.7 per cent from 105.0 points in December to 103.3 in January, according to the Westpac Melbourne Instit..
