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Centro Retail Australia has gone into a trading halt pending an announcement on settlement discussions over its $200 million class action. About 5,000 investors, some of whom lost life savings, hav..
OneSteel shareholders have voted in favour of changing the company's name to Arrium. The company announced in April that it intended to change its name to Arrium to better reflect its new focus on ..
The Commonwealth Bank's retail banking services group executive Ross McEwan has resigned to take up a senior role with the Royal Bank of Scotland. Mr McEwan will leave later this year to take up th..
Stocks to watch on the Australian stock exchange eearly on Tuesday: ALS - ALESCO CORPORATION LTD - up 6.0 cents, or 2.94 per cent, at $2.10 DLX - DULUXGROUP LTD - down one cent, or 0.34 per cent..
US stocks have closed mixed, showing little impact from the weekend votes in France and Greece which cast doubt on the path of financial reform across the troubled eurozone. The Dow Jones Industria..
The Australian share market has taken a beating, after renewed concerns over the eurozone and disappointing jobs data in the United States sent spooked investors running for the exits. At 1615 AEST..
Australian bond futures prices are higher after some weak US jobs figures and a change of government in Greece dampened market sentiment. On Friday night, Australian time, non-farm payrolls data sh..
Non-means tested benefits are likely to bear the brunt of cuts in Tuesday's federal budget, according to a leading bank representative. At a media conference on May 2, St George chief economist Han..
Leighton Holding's shares have dipped after the construction giant announced that the completion date for Brisbane's Airport Link toll road has been pushed back by almost two months. The company an..
Retail and residential building figures were stronger than expected in March, but not strong enough to dispel the gloom hanging over the economy. Retail turnover was up by 0.9 per cent, seasonally ..
Commonwealth Bank of Australia (CBA) is the latest major lender to announce job cuts, with about 100 positions to be axed. CBA will cut about 100 jobs as it makes changes to its mortgages business ..
Orica's new boss has come out swinging saying the company is riding high on the mining boom despite a horror year from a public relations perspective. The explosives supplier on Monday reported a s..
A roundup of trading on major world markets: NEW YORK - US stocks plummeted on Friday after the release of disappointing jobs data for April, with tech giants leading the way on fears that consumer..
Stocks to watch on the Australian stock exchange early on Monday: CMJ - CONSOLIDATED MEDIA HOLDINGS LTD - down six cents, or 1.8 per cent, at $3.24 Consolidated Media Holdings says it is not con..
Job advertisements posted a sharp fall in April after three consecutive months of rises, a private survey shows. Total job advertisements on the internet and in major metropolitan newspapers fell 3..
How commercial banks fund their loans is changing significantly as funding costs continue to rise since the global financial crisis, the Reserve Bank of Australia says. In February, the central ban..
James Packer's Consolidated Media Holdings (CMH) says its one-quarter stake of pay TV provider Foxtel is not for sale. However, the company said in a statement on Friday there had been some discuss..
Westpac's business customers have received greater interest rate relief than mortgage holders, with the bank saying the sector needs a boost in the current economy. Westpac became the third of the ..
Australia's busiest air routes are set to get even busier after Qantas Airways announced plans to add more flights in the latest salvo in its battle with Virgin. Those extra flights will not includ..
The Australian stock market has closed lower with miners hit hardest on a day of widespread declines. The benchmark S&P/ASX200 index ended down 33 points, or 0.75 per cent, at 4,396 points, whi..
Insurer American International Group, which came close to collapsing during the financial crisis before being bailed out by the US government, says its profit grew more than twofold in the first quart..
The federal government's pursuit of a budget surplus could threaten fragile consumer confidence and set back any economic recovery, the head of Australia's largest credit union says. Chris Whitehea..
Westpac has cut its standard variable home loan rate by 37 basis points to 7.09 per cent. Its variable rate on business loans has been cut by 50 basis points. The decision on Friday came after t..
The Reserve Bank of Australia (RBA) has cut its growth and inflation forecasts for the next 18 months as weaker global conditions hit exports and restricted wage growth keeps prices in check. The R..
Stocks to watch on the Australian stock exchange on Friday, May 4 AAD - ARDENT LEISURE GROUP LTD - up two cents at $1.295 TThe head of some of Australia's most popular theme parks says lower int..
