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Oil and gas producer Woodside Petroleum plans to take a smaller stake in the Leviathan joint venture gas project as it awaits certainty around Israeli tax policy. Woodside has seven weeks to finali..
Shares in Aurora Oil and Gas have soared by more than 56 per cent after Canadian oil company Baytex Energy launched an aggressive $1.8 billion takeover bid. Baytex has made a cash offer to acquire ..
Rupert Murdoch's newspaper business News Corporation has produced a third consecutive profit since being split from the group's more profitable TV and film assets. The so-called "new" News Corporat..
Australian business confidence has lifted to its highest level in more than two and a half years. And, business conditions during the three months to December were at their strongest in more than 1..
The share market has bounced back after three straight days of losses, rising by more than one per cent as international investors were encouraged by a rising Australian dollar. The strong performa..
The Australian sharemarket has bounced back strongly after three days of solid losses, despite mostly negative leads out of the US overnight. US stocks ended lower on weaker-than-expected private s..
Virgin Australia has gone further into the red, making a $49 million loss for the first half of the financial year. The downbeat guidance comes months after the airline reported a $98 million loss ..
Australia's trade balance returned to surplus in the final two months of 2013, helped by a strong rise in mining and agriculture exports. Australia's trade surplus was $468 million in December, fol..
Australia has posted its eighth consecutive rise in retail spending, and economists expect the sector to keep strengthening to pre-global financial crisis levels. Retail trade rose 0.5 per cent in ..
The Australian sharemarket has staged a moderate recovery to buck a negative lead from the US overnight. After spending three consecutive days in the red, stocks were up two-thirds of a per cent so..
Woolworths achieved an additional $1.8 billion in sales during the final six months of 2013, as its supermarkets continued to attract more customers. The retail giant sold $31.8 billion worth of go..
Australia's Westpac bank has become only the third bank to be granted a licence to trade derivatives in China. Westpac Asia general manager Bala Swaminathan says the licence from the China Banking ..
US stocks have ended modestly lower following mixed jobs and services sector data and as investors looked ahead to Friday's US labour market report. The Dow Jones Industrial Average slipped 5.01 po..
The operator of Sydney's The Star casino says it needs to upgrade its private gaming rooms after they suffered a sharp fall in revenue. Echo Entertainment says more work is required at The Star des..
The sharemarket lost early gains to again close lower as investors remain cautious ahead of the release of corporate earnings reports. The local market looked set for a rebound from its heaviest on..
Toyota has increased its sales by two per cent, further cementing its position as Australia's top selling brand. Australians bought 13,645 Toyota vehicles in January, an increase of 270 on the same..
The operators of the Kalgoorlie Super Pit - Australia's largest open cut gold mine - say they will extend its processing life. Kalgoorlie Consolidated Gold Mines (KCGM), a joint venture project bet..
The sharemarket has lost early gains to again be in the red, after suffering its heaviest one-day fall in six months on Tuesday. Local stocks opened slightly higher on Wednesday after gains on Wall..
Online spending had a solid rise in December, driven by Christmas time sales of electronic games, toys, groceries and liquor. The National Australia Bank's online retail sales index rose 1.6 per ce..
The Australian sharemarket has bounced back slightly after Tuesday's heavy losses. On Tuesday local stocks suffered their heaviest losses since August after nervous investors reacted to a sharp fal..
Engineering group Downer EDI has won a $70 million contract with Crocodile Gold Corp to help run the Canadian company's Northern Territory operations. Under the two-year deal set to start in March,..
The services sector is moving closer toward expansion, thanks to low interest rates and the falling Australian dollar. The Australian Industry Group Australian Performance of Services Index (PSI) j..
US stocks have closed higher after some solid corporate results helped spark a partial recovery from the prior day's rout. The Dow Jones Industrial Average rose 72.44 points (0.47 per cent) to 15,4..
A victory for ANZ customers fighting tens of millions of dollars in illegal penalty fees has been dubbed a landmark day for Australian consumers. ANZ, one of Australia's largest companies, is facin..
The Australian sharemarket has suffered its heaviest one-day losses since August, with spooked investors reacting to a sharp fall in US manufacturing activity growth. Stocks on Wall St also had the..
