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The Australian economy's great rebalancing act had a touch of the wobbles in the September quarter. Stronger housing and retail spending data over the past few months raised hopes that the non-mini..
A lacklustre stockmarket debut by Dick Smith Holdings has drawn unfavourable comparisons with fellow retailer Myer's poor listing four years ago.Electronics store Dick Smith listed at $2.20 and rose a..
Westfield founder Frank Lowy says a move to split its Australasian and international businesses is a "win-win" that will help both companies to grow.Westfield Group has announced it will merge its Aus..
US stocks have fallen for a second day in a row as speculation increased that the US Federal Reserve will soon scale back its bond-buying program.The Dow Jones Industrial Average fell 94.15 points (0...
The Australian share market closed lower for the third straight day, led down by the major miners and banks. Miner Rio Tinto's announcement of massive cuts in which capex will be slashed from $US17..
The Reserve Bank of Australia has kept the cash rate at 2.5 per cent, saying the global and local economic outlook is improving. The decision was expected, with all 14 economists surveyed by AAP la..
The Reserve Bank of Australia kept the cash rate unchanged for a fourth straight month, and another rate cut in the new year is not a certainty. The decision to leave the rate at a record low of 2...
A bigger-than-expected rise in retail sales during October will stop the Reserve Bank of Australia (RBA) from cutting interest rates again, an economist says. Australian retail spending rose half a..
Rio Tinto will cut its capital spending almost in half and shelve projects as it tries to bring down costs and win back the confidence of its shareholders.The company plans to cut its capital expendit..
The Australian stockmarket is flat following a weak lead from Wall Street and ahead of the Reserve Bank's monthly interest rate decision. Rivkin global analyst Tim Radford said the local market was..
Consumers are spending more online but are making smaller purchases, with almost 90 per cent of goods bought over the internet costing less than $100, new figures show. The National Australia Bank'..
Virgin Australia will proceed with its planned $350 million equity raising after the move received the green light from the Takeovers Panel. The airline's equity raising plans will see three foreig..
US stocks have taken a breather from the bull market of 2013, pushing lower as some analysts cited profit-taking and speculation of tighter monetary policy.The Dow Jones Industrial Average fell 77.64 ..
The Australian bond market is weaker, partly helped by the release of some more good local housing data. Home building approvals figures for October only had a small 1.8 per cent fall from the thre..
The Australian share market has closed at a six-week low, with better-than-expected Chinese manufacturing data unable to inspire investors. CMC Markets chief market strategist Michael McCarthy said..
Grains handler GrainCorp says it will "rationalise" its storage and logistics network, in the wake of Treasurer Joe Hockey's rejection of a $3.4 billion proposed takeover by US-based Archer Daniels Mi..
Grocery wholesaler Metcash has lifted its first half profit more than 20 per cent thanks to its exit from the Franklins line of supermarkets, which removed a drag on its balance sheet. Metcash made..
Australian capital city house price growth has stalled after a strong year. But Sydney remains a property hotspot while Melbourne and Canberra lose some momentum. House prices in Australia's eig..
The Australian dollar is firmer as stronger-than-expected Chinese manufacturing data outweighs a fall in local building approvals. At 1200 AEDT on Monday, the local unit was buying 91.20 US cents, ..
Company profits continued to rise solidly in the September quarter, and the weaker exchange rate is starting to help.Company gross operating profits rose 3.9 per cent in the September quarter and were..
The housing sector is still going strong, with home building approvals in October suffering only a small fall from the three-and-a-half year high recorded the month before.Home building approvals fell..
Australia's economic growth isn't losing pace and might have even picked up a little as the non-mining sectors of the economy start to recover. The Australian Bureau of Statistics' (ABS) national a..
Outgoing GrainCorp chief executive Alison Watkins is set to become boss of beverages supplier Coca-Cola Amatil (CCA).Ms Watkins is expected to join CCA as group managing director on March 3, 2014.Grai..
