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New Zealand Energy Corp has gained a six-week extension in its vexed efforts to complete the purchase of gas production assets from Origin Energy. The exchange it will add an extra $Can1 million ($..
Australian-listed pizza company Domino's will spend more than $235 million to take a slice of the Japanese fast food market.Domino's Pizza Enterprises (DPE) has agreed to buy a 75 per cent stake in Do..
A modest gain in US retail sales in July has given Wall Street a boost on opening, continuing a global rebound in markets.The Commerce Department's monthly retail sales report came in lower than expec..
The Australian share market rose by more than one per cent as renewed optimism about China's economy prompted investors to pile into resources stocks. IG Markets institutional dealer Chris Weston s..
Stocks to watch on the Australian stock exchange at close on Monday: DJS - DAVID JONES - up 13 cents, or 5.0 per cent, at $2.74 David Jones has offloaded its worst performing division and larges..
Building products maker James Hardie expects profit to be steady as housing conditions in the United States and Australia improve. Chief executive Louis Gries says sales in the US have increased 10..
The Australian share market is flat, but the mining giants are bucking the trend to open in firmer territory.CommSec market analyst Steven Daglian said rising commodity prices since the end of last we..
Property group GPT has blamed softening market conditions for a 6.7 per cent profit drop.The owner of shopping centres, office blocks and business parks made a net profit of $257 million in the six mo..
B Hi-Fi has defied a difficult trading environment to lift sales and profit, and expects the trend to continue for the next 12 months. The electronics retailer made a net profit of $116.4 million i..
UGL will split its shrinking engineering business from its growing property arm to reflect the property division's greater global focus. UGL wants to complete the demerger into two independent Aust..
US stocks have closed lower despite strong Chinese economic data, finishing a sluggish trading week on a down note. The Dow Jones Industrial Average dropped 72.81 (0.47 per cent) to 15,425.51 on Fr..
Australian shares rallied late, but closed slightly lower on Friday after being dragged down by the banks. Investors were restrained after strong gains on Thursday. IG market strategist Stan Sha..
There was scope to cut the cash rate on Tuesday, but is there still scope to cut again? Readers of the latest Statement on Monetary Policy could not have been blamed for thinking the Reserve Bank o..
The deterioration in the economic outlook underpinning the latest interest rate cut was so minor it is barely detectable in new forecasts from the Reserve Bank of Australia. In its Statement on Mon..
ANZ is the last of the big four banks to pass on the Reserve Bank of Australia's quarter of a percentage point interest rate cut.ANZ's standard variable rate will fall to 5.88 per cent, from Friday Au..
Australia's mining investment boom could fall away faster than anticipated, but there's still uncertainty about how non-mining sectors will take over and help to "rebalance" the economy.In its quarter..
News Corp Australia boss Kim Williams has abruptly exited the company after just 20 months in the job - to be replaced by the retired former head of the Murdoch empire's Victorian operations.It marks ..
Tom Waterhouse has sold his online betting business to Britain's largest bookmaker William Hill, increasing the dominance of Australia's sports betting market by foreign firms.The controversial 31-yea..
Betting via smart phones and other mobile devices continues to grow dramatically, says wagering, keno and gaming machine services firm Tabcorp Holdings.Tabcorp on Friday said its digital wagering turn..
US stocks have snapped a three-day losing streak, catalysed by stronger Chinese trade data and better sentiment on the European economy. The Dow Jones Industrial Average gained 27.65 (0.18 per cent..
The Australian share market has clawed back some of Wednesday's losses due to positive Chinese trade data and a strong profit result from Telstra. All sectors of the market finished strongly, with ..
Bunnings has sold 10 properties to real estate investor BWP Trust for more than $271 million, and will lease them back from the trust. BWP already owns 74 Bunnings properties. Bunnings is owned ..
Weak employment figures show times are tough for job seekers, and economists say things will likely get worse. Australia's unemployment rate was steady at 5.7 per cent in July, the Australian Burea..
Gold miner Newcrest will take a $6.2 billion hit to its bottom line from writedowns on its assets in the 2012/13 financial year.The massive impairments are larger than the company's previous forecast ..
The Australian share market has recovered some of its significant losses from Wednesday, buoyed by a strong profit from Telstra. Shares rose in early trade after Telstra reported a 13 per cent rise..
