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The sharemarket has closed higher as strong profit growth by ANZ drove gains in the banking sector. After falling in early trade, the market rebounded as investors focused on ANZ's $1.73 billion ca..
Australian business conditions have risen to close to a three-year high, a private survey shows, while business confidence is up for the first time in four months. And, manufacturing conditions rec..
The Australian share market has opened slightly weaker after the lost of manufacturing jobs and mixed earnings reports impacted investor confidence. Australian shares did not follow strong leads fr..
Growth in lending for housing took a hit in December but economists believe the sector will be a major driver for the economy in 2014. The number of home loans approved in December fell 1.9 per cen..
GrainCorp will slash 130 jobs and close its Murarrie plant in Brisbane as it shifts its food manufacturing operations to Victoria. The grains marketer plans to inject $125 million into its edible o..
Shares in hearing implant maker Cochlear have fallen heavily after delays in regulatory approvals for new products contributed to a 73 per cent drop in half year profit. Cochlear made a net profit ..
US stocks have edged higher the day before new Federal Reserve chief Janet Yellen gives her premier testimony to Congress, with attention focused on how she views recent employment weakness. The Do..
A double digit jump in ANZ's first quarter profit has analysts predicting a sixth consecutive year of record earnings for the major banks. ANZ's cash profit in the three months to December 31 grew ..
The resignation of David Jones chairman Peter Mason could keep chief executive Paul Zahra in his job and pave the way for merger negotiations with rival Myer. Mr Mason and fellow director Leigh Cla..
The Australian share market has closed higher in the wake of a positive lead from US markets, but investor focus is set to shift more towards the domestic company reporting season. CMC Markets chie..
Australia's consumer watchdog says it would investigate the impact of a potential tie-up of David Jones and Myer on competition if the department store chains decided to pursue a merger. The Austra..
The US job creation engine sputtered for the second straight month in January, raising fresh questions about the economy's momentum. The Labor Department reported Friday that the economy pumped out..
Australian stocks are making gains with most sectors ahead. The Australian share market is following a positive lead from Wall Street, where the major indices shrugged off disappointing jobs number..
Regional Express has called on the federal government to prevent the collapse of more regional airlines after flagging a steep fall in first half profit. Shares in the nation's largest independent ..
Insurance comparison website iSelect says it will take a hit to its earnings following a new deal with lower commission rates from a car insurance supplier. However, iSelect says it believes the ch..
Westpac deputy chairman John Curtis will retire from the board in April. Chairman Lindsay Maxsted says Mr Curtis' business acumen and financial services knowledge has been invaluable during the pas..
Australian stocks have opened higher following a positive lead from Wall Street on Friday. The local market has started the day strongly, with both the S&P/ASX200 and the All Ordinaries pushing..
The Australian dollar hit a new four-week high after the US posted a solid fall in its unemployment rate. At 0700 AEDT on Monday, the local unit was trading at 89.55 US cents, up from 89.44 cents o..
US stocks have surged despite a labour report that said the US economy added far fewer jobs than expected in January. The Dow Jones Industrial Average shot up 165.55 points (1.06 per cent) to 15,79..
The Australian sharemarket has closed higher after the central bank lifted its forecasts for economic growth. On Friday the Reserve Bank of Australia revised its economic growth forecast for the ye..
The Reserve Bank of Australia is satisfied that inflation in on track and will be consistent with its two to three per cent target over the coming few years. But it is puzzled by the pickup in the ..
Transport and logistics group Toll Holdings has won a $90 million, 10-year contract to build and operate a new logistics base gor global oil and gas producer INPEX. Toll will design, construct and ..
The sharemarket remains in positive territory, as the central bank increased its forecasts for economic growth. The market was up by about one-third of a per cent in early afternoon trade, continui..
Australian stocks have opened higher following strong gains on international markets overnight. The local market is around half a per cent higher at 1030 AEDT, following a more than one per cent ri..
US stocks have surged amid optimism that the January jobs market report out on Friday will point to firm economic growth. The Dow Jones Industrial Average gained 188.30 points (1.22 per cent) at 15..
