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Business management software developer and publisher MYOB's New Zealand subsidiary is to buy accounting service BankLink. MYOB Finance NZ Limited will acquire the unlisted business from Media Trans..
Mineral drilling services and products supplier Boart Longyear has named Jay Clement as its acting chief financial officer. Mr Clement, vice president Treasury and Investor Relations, will step int..
US stocks have traded largely flat under the shadow of poor Chinese economic data and a slight gain in US monthly retail sales. The S&P 500 managed to set a new closing record, but only on the ..
The Australian share market closed flat ahead of Tuesday's federal budget and after the local currency dropped below parity with the US dollar. CMC Markets chief market analyst Ric Spooner resource..
The biggest jump in home loan approvals in four years has all but confirmed the housing sector is recovering after a difficult couple of years. The number of home loans taken out in March jumped by..
Property developer Stockland says its earnings will drop because of the costs associated with changes to improve its long-term performance. Chief executive Mark Steinert said on Monday that he had ..
Defence, security and aerospace company BAE Systems will slash 100 positions by year's end, primarily in South Australia. Chief executive David Allott says the job cuts are due to reduced governmen..
Business confidence has slipped in the month before the federal budget. National Australia Bank's April survey shows employers are particularly worried about weaker than forecast growth in the US, ..
Aurizon's move to sell a stake in its formerly state-owned rail track infrastructure group is expected to attract strong interest and free up billions of dollars.Australia's largest rail freight compa..
Shopping centre owner Westfield Retail Trust (WRT) says consumer confidence is improving, but shoppers are still cautious and sales growth is still low. The company announced that rents for special..
Explosives and fertiliser maker Incitec Pivot has urged Australian governments to deal with soaring local gas prices as it posted a fall in first half profit.As a heavy natural gas user, the global co..
Paint maker DuluxGroup hopes the new homes market will pick up later in the year, but further interest rate cuts could be needed to stimulate the sector.The group expects its core Australian markets t..
US stocks overcame a choppy day of trading om Friday and closed at fresh all-time highs as Group of Seven finance chiefs met in Britain to discuss economic challenges. The Dow Jones Industrial Aver..
The Australian share market has closed at levels not seen in almost five years as a weakening domestic currency boosted the big miners. But banking stocks finished in negative territory, despite th..
There are even fewer inflation hurdles for the Reserve Bank of Australia to cut the cash rate further. The RBA's May Statement on Monetary Policy, released on Friday, cut its inflation forecast by ..
Tokyo stocks surged 2.93 per cent to close at their highest level in more than five years on Friday following the dollar's jump past the 100 yen mark. The benchmark Nikkei 225 index gained 416.06 p..
The Australian dollar has tumbled almost two US cents to its lowest level in more than 11 months and could move back below parity with the greenback in the next 24 hours. The currency fell to 100.4..
Medical centres operator and pathology group Primary Health Care has lifted its earnings guidance for the financial year by $10 million.The company now expects earnings before interest, tax, depreciat..
Budget night can deliver nasty surprises on the superannuation front but next Tuesday's papers should be trouble-free as the bad news on retirement savings is - hopefully - already out in the open.Cha..
Property group Mirvac will pay $584 million for seven office properties across Australia as it looks to increase its ownership of inner-city workplaces.Mirvac has agreed to buy 90 Collins Street in Me..
The boom in Australia's mining investment is near its peak, though it will remain at very high levels for the next year or so.The Reserve Bank of Australia on Friday said capital expenditure in the re..
ANZ bank has stepped up home loan competition among the major banks, becoming the first in 16 years to cut interest rates by more than the central bank's move.The smallest of the home lenders among th..
US stocks regained momentum Friday after Thursday's losses, moving higher along with global equity markets as the G7 finance chiefs were to meet outside London on global economic challengesFive minute..
Caltex's first quarter profit has jumped almost 80 per cent but the company says refiners' margins are likely to be squeezed as capacity in Asia and the Middle East grows. The oil refiner and distr..
The Australian share market has closed flat, held back by weakness among the major banks and expectations of a pause on interest rate cuts following the release of encouraging jobs figures. The une..
