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Engineering and services group WorleyParsons has flagged a fall in first half profit due to a quiet order book.However contract awards had picked up in recent months, and the company still says it exp..
The Australian share market lifted slightly on Wednesday as investors looked beyond the political impasse over the United States budget and the possibility of a debt default by the US government.IG ma..
Optus has struck a $60 million deal to provide telecommunications and other services over five years to airline Virgin Australia. Optus said on Wednesday that the domestic and international telecom..
Australians remain the richest people in the world, by one measure at least.The median wealth of adult Australians stands at $US219,505 ($A233,504) - the highest level in the world, according to the C..
Australian stocks are only slightly lower at noon as local investors appeared less concerned about the ongoing US government shutdown. After a weak opening, the market recovered during morning trad..
The failure of the US government to pass a budget by the end of its financial year was a factor in a small fall in local consumer confidence in October.The Westpac/Melbourne Institute index of consume..
After a horror year in which it recorded a $5.8 billion loss and came under investigation for possible breaches of corporate law, Newcrest Mining's chairman and chief executive are leaving the company..
US stocks have sunk and short-term bond yields jumped as the stalemate in Washington over passing a budget and raising the debt ceiling takes a deeper toll on financial markets. Investors on Tuesda..
The Australian share market has closed lower as the political impasse in the United States over the budget and debt ceiling continues to spook investors. But Lonsec senior client adviser Michael He..
Private health insurer Medibank's annual profit has grown by 84 per cent but its boss says the industry is in a volatile period as customers rush to switch providers. The reduction of rebates under..
Shares in Chinese mobile marketplace operator 99wuxian have soared after debuting on the Australian market. 99wuxian has more than 20 million registered users and allows consumers to shop on mobile..
Another raft of good economic data shows the Australian economy will pick up pace in the second half of the year, but it also means another interest rate cut this year is unlikely. Job advertisemen..
Business confidence is at a three-and-a-half-year high thanks to the election of the Coalition government. The National Australia Bank Business Survey showed business confidence rose eight index po..
Another raft of good economic data shows the Australian economy will pick up pace in the second half of the year, but it also means another interest rate cut this year is unlikely.Job advertisements h..
Canadian diary giant Saputo wants to buy into the Australian market, starting with a $390 million takeover of the Warrnambool Cheese and Butter Company. Saputo has had its eye on Warrnambool for a ..
The Australian Securities Exchange (ASX) has launched a new bookbuilding facility which it says will broaden the number and range of investors who can participate in this process to set the price of n..
US stocks have rebounded with solid gains despite a budget deadlock that kept the government partially shut down for the fourth day in a row. The Dow Jones Industrial Average gained 76.10 points (0..
The Australian share market has closed lower as investors become increasingly concerned that the budget impasse in the United States may lead to the US defaulting on its debts. CMC Markets chief ma..
Agribusiness Elders says a discrepancy in the valuation of cattle in its live export division amounts to a cost of about $18 million. Elders said the negative impact of the discrepancy on the compa..
Toro Energy has received approval to finalise the purchase of the Lake Maitland uranium project in Western Australia from Canada's Mega Uranium. The Foreign Investment Review Board (FIRB) says the ..
German automaker Volkswagen says it will boost production at a plant in southern Brazil, bringing to $4.1 billion its total investment in the country over the 2012-2016 period. After talks with Pre..
Fairfax Media boss Greg Hywood's pay dropped by $375,000 last financial year because he missed out on bonuses as the company posted a $16.4 million full year loss. Mr Hywood's total pay, which incl..
Mining magnate Clive Palmer's political party looks set to hold the balance of power when the new Senate takes shape next July. The coalition will have 33 senators but needs six more votes to pass ..
More than $957 million has been wiped off the market value of construction giant Leighton as investors worry about the impact of corruption allegations.Analysts are warning the company faces a potenti..
Twitter has revealed its highly anticipated stock offering, with the hugely popular messaging platform stating that it seeks to raise $1 billion. The California firm said it had 218 million active ..
