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Tesco, Britain's largest supermarket operator, has reported a 5.4 per cent increase in full year net profit, despite a disappointing performance in its home market. Tesco is embarking on a STG1 bil..
Stocks to watch on the Australian stock exchange on Wednesday April 18 BBG - BILLABONG INTERNATIONAL LTD - down one cent at $2.88 Surfwear retailer Billabong has completed a $276 million sale of..
The Reserve Bank of Australia's (RBA) board in April thought it wiser to wait to see fresh inflation data before cutting the cash rate. The RBA's decision to sit on the sidelines and leave the cash..
The Australian share market has closed slightly lower, following falls in resource stocks. At 1615 AEST on Tuesday, the benchmark S&P/ASX200 index was down 13.7 points, or 0.32 per cent, at 4,2..
Fortescue Metals Group founder Andrew Forrest says the government needs to build a deeper relationship with China otherwise Australia risks losing opportunities with the Asian superpower. Mr Forres..
Mining giant Rio Tinto increased production of key commodities including iron ore and coal in the March quarter but copper output fell by 18 per cent due to lower grades at its US operations. Chief..
Surfwear retailer Billabong has completed a $276 million sale of almost half of its Nixon accessories brand. As part of the transaction, announced in February, Billabong and Trilantic Capital Partn..
Medical device developer Osprey Medical has successfully raised $20 million from an initial public offer (IPO) and is preparing to list on the Australian share market. The US-based company's main p..
Singapore's LionGold Corp is prowling for more acquisitions in the gold sector after its friendly takeover offer for Castlemaine Goldfields. Castlemaine Goldfields on Monday recommended to its shar..
Demand for residential property in Sydney, Melbourne and Brisbane is expected to pick up slowly next year while retail property languishes at the bottom of the cycle, a survey shows. An Australian ..
Oil was slightly lower Monday as tensions eased over Iran's nuclear program. Benchmark US crude fell four cents to $US102.79 per barrel in New York. But Brent crude, which is used to benchmark the ..
US stocks have traded mixed as investors weighed better-than-expected March retail sales numbers, a sharp slowdown in New York manufacturing and renewed eurozone debt tensions. The three main index..
Australia's youngest billionaire, Nathan Tinkler, became substantially richer after shareholders approved a friendly takeover of his Aston Resources by Whitehaven Coal in a two-part deal to create a $..
The Australian share market has closed lower as investors fear that Spain may follow debt-laden Greece down the slippery slope. Markets around the world have been falling on the back of fears that ..
Linc Energy is pushing into China to capitalise on the Asian superpower's insatiable appetite for liquid fuels and gas. Linc shares rose by more than 30 per cent after the Brisbane-based company an..
Ivanhoe Australia's Merlin project is poised to be the nation's first rhenium mine but will cost more to develop than previously estimated. The copper and gold producer also on Monday said it would..
Property developer Cedar Woods says it's on track to post a record full year profit and that its outlook remains positive. Managing director Paul Sadleir on Monday reiterated the company's net prof..
Dexus Property Group has sold the bulk of its industrial properties in the United States for $US770 million ($A746.16 million). Dexus, Australia's second-largest industrial property owner, will use..
Primus Telecom has been bought by business telco M2 Telecommunications for $192.4 million in cash. M2 chief executive Geoff Horth said the acquisition would ensure the company is prepared for oppor..
Westpac will open its first branch in India after receiving a banking licence from the Reserve Bank of India. The bank's first branch in India will open in Mumbai, Westpac institutional bank execut..
Steel producer and iron ore miner OneSteel says it is not looking to "grow" its steel business but believes the business will be an important generator of cash. OneSteel announced earlier in April ..
US stocks have closed out a miserable week with steep losses as worries about growth in the United States, China and Europe eclipsed a solid start to the corporate earnings season. All three main s..
The Australian share market ended the week on a high, gaining one per cent on the back of a strong lead from Wall Street and higher commodity prices. The benchmark S&P/ASX200 index was up 42.7 ..
Insurance Australia Group (IAG) continues to grow in Asia, with a $480 million acquisition making its Malaysian joint venture that country's largest general insurer. AmG Insurance Berhad, which is ..
Qantas Airways chief executive Alan Joyce says authorities need to end the talk and start building a second Sydney airport. Mr Joyce says he supports federal Transport Minister Anthony Albanese's b..
