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Shares in construction and maintenance firm Transfield Services plunged almost 12 per cent as analysts anticipate a writedown on its newly acquired Easternwell business. The company's shares lost 2..
QBE's insurance premiums will increase by seven per cent in 2012 and continue to climb into 2013 as the insurance giant tries to recoup the cost of disasters in Australia and overseas. And people l..
Seven West Media, the owner of the Seven Network and West Australian Newspapers, has withdrawn from the Australian Press Council. The council is the principal body that responds to complaints about..
News of the second consecutive monthly trade deficit does not augur well for economic growth in early 2012. The trade deficit came in at $480 million in February, according to seasonally adjusted d..
Oil prices are falling after a two-day rise as traders eye mixed signs about the strength of the global economy. Benchmark oil for May delivery gave up 80 cents to $US104.43 ($A100.66) a barrel in ..
Spain says its national debt will spiral sharply higher this year as data showed unemployment hit a record high in March, complicating efforts to stabilise the country's strained finances. Budget M..
Signs that the Federal Reserve may be reticent to launch a fresh round of stimulus sent Wall Street lower Tuesday. Amid amped-up market expectations, the Fed published its minutes for its March 13 ..
The Australian share market closed marginally firmer despite slipping in late trade after the central bank kept interest rates on hold. The benchmark S&P/ASX200 index was up 7.7 points, or 0.18..
Australia could be on the verge of another rental crisis, with Perth expected to be hit the hardest, Australia's largest property developer says. Stockland managing director Matthew Quinn said subu..
Metcash will axe almost 10 per cent of its workforce as it undergoes a drastic restructure amid a bruising price war with its supermarket rivals. The company behind brands such as Campbells Cash an..
China's biggest gold producer Zijin Mining is expected to push further into Australia after a $229 million takeover of Norton Gold Fields. Norton shares leapt five cents, or 27.03 per cent, to 23 c..
OneSteel spent $1 million coming up with a meaningless name, and will need to spend much more to make it work. Arrium was dreamt up by OneSteel's trusted consultants and has no particular meaning -..
The Reserve Bank of Australia has kept official interest rates on hold for another month but has flagged a likely rate cut as early as May. The RBA decided at its April board meeting in Melbourne o..
Transfield Services shareholders are bracing themselves for a possible profit downgrade from the construction and maintenance company. Transfield's shares went into a trading halt on Tuesday as the..
Australians are spending their hard earned cash on eating out and holidays as the nation's retail sector continues to struggle. Official data from the Australian Bureau of Statistics (ABS) show tha..
Aquila Resources has sold its main coal asset to fund a new iron ore project in Western Australia. Aquila sold its 50 per cent stake in the Isaac Plains coal mine in Queensland's Bowen Basin to Jap..
US stocks have started the second quarter on a high note after US manufacturing data picked up more than expected, a sign of stronger growth in the feeble recovery. The Dow Jones Industrial Average..
The Australian share market could not hold onto early gains as disappointing local economic data overshadowed better-than-expected manufacturing figures from China. The benchmark S&P/ASX200 ind..
Gold producer PanAust Ltd has begun processing ore at its newest mine ahead of first production in the coming fortnight. Shares in the company were up 14 cents, or 4.61 per cent, at $3.18 at 1217 A..
Shares in Gunns remain suspended from trading on the Australian Securities Exchange (ASX) while the woodchipper continues its plans to raise money. Shares in Gunns have not traded since March 9 whe..
Consumer prices rose in March on the back of holiday expenses, alcohol and fuel - and despite falls in meats, housing and clothes. The TD Securities-Melbourne Institute inflation gauge rose 0.5 per..
Gambling firm Tatts Group has begun looking for a replacement for outgoing chief executive Dick McIlwain. The company wants to find a replacement before Mr McIlwain leaves, at the end of 2012, to e..
Rail operator QR National has increased its ownership stake in a Sydney site where a large freight centre is set to be built. QR National had spent $41 million to increase its stake in the Mooreban..
Further interest rate cuts may be needed to revive the building sector after official data showed a slump in the approval of new homes and units, economists say. Residential building approvals drop..
Stocks to watch on the Australian stock exchange Monday, April 2 AUN - AUSTAR UNITED COMMUNICATIONS LTD - up three cents at $1.45 Austar shareholders have said yes to a proposed $2 billion takeo..
