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Australia had its busiest ever period of online shopping over Christmas 2011. At the top of people's shopping lists were electronic goods, toys, sporting goods, clothes, and instore vouchers, onlin..
South African mining company Exxaro is set to buy African Iron, an Australian-listed company with iron ore operations in the Republic of Congo, for about $388 million. The news boosted African Iron..
A fall in job vacancies in the latter months of 2011 is a warning that the unemployment rate is likely to edge up in the months ahead. That positive side of that warning is an enhanced prospect of ..
Big miners have halted exports from the iron ore-rich Pilbara region as a category one cyclone moves toward the Western Australian coast. Tropical Cyclone Heidi is moving in a southerly direction t..
Australian shares gained more than one per cent as an upbeat start to the US earnings season and hopes of further monetary easing in China sparked a rally in global stocks. At 1200 AEDT on Tuesday ..
Stocks to watch on the Australian stock exchange at noon on Wednesday: AKI - AFRICAN IRON ORE - up 14 cents, or 35 per cent, at 54 cents South African mining company Exxaro is set to buy African..
A roundup of trading on major world markets: NEW YORK - US stocks shot higher out of the gate on Tuesday, boosted by a jump-start to the corporate earnings season and China's shrinking trade surplu..
Australian shares added 1.1 per cent after positive Chinese trade data boosted markets already buoyed by positive US earnings and hopes for a pick up in local buyout deals. Exports from Australia's..
Tree planter Carbon Conscious Ltd expects its net profit in the 2011/12 financial year to rise 309 per cent to $3.5 million. Carbon Conscious develops "carbon forest sinks", which involves planting..
A hostile takeover bid for industrial services company Spotless Group appears to have stalled, with the private equity suitor unwilling to meet a demand to increase its offer. Spotless has asked Pa..
Insurance Australia Group (IAG) is facing a hefty bill of up to $200 million to cover damage inflicted by the Christmas Day storms that ripped through Melbourne. The destructive storms capped a bad..
Shares in Australia's Alumina have shot up after its joint venture partner Alcoa gave a positive outlook for aluminium demand. Melbourne-based Alumina's main asset is its 40 per cent stake in Alcoa..
Australian residential building approvals rose 8.4 per cent to 11,424 units in November. This compares to an upwardly revised 10,539 units in October, seasonally adjusted. In the year to Novembe..
Alcoa Inc is reporting a fourth quarter net loss as a slower global economy hurt aluminum demand in industries ranging from construction and packaging to vehicle production. The New York manufactur..
Clothing manufacturer Pacific Brands says it is considering a takeover approach from a private equity firm. The owner of brands such as Bonds, King Gee and Sheridan has confirmed it has received an..
Stocks to watch on the Australian stock exchange on Tuesday: BPT - BEACH ENERGY LTD - down one cent at $1.29 ORG - ORIGIN ENERGY LTD - up one cent at $13.17 Gas has begun flowing at the Middl..
A roundup of trading on major world markets: NEW YORK - US stocks wavered in opening trade as Wall Street awaited the unofficial kickoff of the fourth-quarter earnings season after the markets clos..
Australian shares close largely unchanged after a day of tepid trading as investors gear up for the start of the US earnings season. Markets pared early gains after data showed Australian retail tr..
Australia's big four banks are being given a run for their money by rival mortgage lenders snatching a greater share of the home loan market. New statistics show the smaller lenders have become mor..
New home sales received a welcome boost in November after the Reserve Bank of Australia (RBA) cut the interest rate, a survey shows. The Housing Industry Association (HIA) on Monday said new homes ..
Retail turnover stalled in November, disappointing even the modest expectations of economists and underscoring the need for the interest rate cuts announced late last year. The unchanged level of s..
Takeover target Spotless Group says it will only support an offer from a private equity suitor if its bid is boosted to $743 million. Spotless has been in talks with Pacific Equity Partners (PEP) s..
No European nation is strong enough to ride out the continent's debt crisis alone, Italy's new premier insists, urging fellow EU members to develop a common growth policy. Premier Mario Monti, lead..
A summary of trading in key commodities markets overseas: ENERGY Oil prices closed mixed on Friday after a positive US jobs report spurred profit-taking in New York, while the global market rema..
Stocks to watch on the Australian stock exchange on Monday: SUN - SUNCORP GROUP LTD - down 29 cents, or 3.2 per cent, at $8.42 Suncorp Group says it expects natural hazard costs for the six mont..
