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The central bank has kept the cash rate at the record low of 2.75 per cent at its June board meeting, saying that recent rate cuts are helping the economy.The Reserve Bank of Australia's decision was ..
Network Ten says it plans to make the domestic Big Bash cricket league a major free-to-air TV event. Ten on Tuesday confirmed it had won the right to broadcast the domestic Twenty20 competition for..
Embattled coal entrepreneur Nathan Tinkler has signed an agreement to clear his debt to junior miner Blackwood Corporation but investors seem to have taken a wait-and-see approach on the deal.Blackwoo..
Billabong will look to offload assets and cut costs to deal with debt after yet another takeover bid for the troubled retailer collapsed.Confirmation two private equity groups had walked away from tak..
US stocks are up in opening trade, rebounding from steep losses on Friday as markets awaited key PMI manufacturing data for May. Five minutes into trade on Monday, the Dow Jones Industrial Average ..
The mining and resources sector have reminded us that they are still the big guns of the Australian economy, pushing company profits to an 18-month high in the March quarter. Company gross operatin..
Retail spending is a little stronger than it was a year ago, but consumers are still cautious and are likely to remain that way for the near future. Retail spending was up 0.2 per cent in April, se..
The latest batch of figures seems to confirm that the economy grew in the early months of this year, but only at a plodding pace unlikely to add any pep to the jobs market. Over the long haul, the ..
Australian stocks finished lower as investors sold off mining stocks due to weaker commodity prices. IG markets analyst Evan Lucas said the major miners suffered as the price of iron ore continued ..
Telstra says it currently faces no financial risks from people being potentially exposed to asbestos in its pits and pipes. Concerns about asbestos were raised last week after the hazardous fibre w..
Australian shares have opened half a percentage point weaker as falling commodity prices hit mining stocks, and banking shares rally. The local market has followed Wall Street lower, where the Dow ..
Australia's manufacturing sector contracted for the 23rd consecutive month in May, though there are some positive signs for the industry. According to the Australian Industry Group's Performance of..
Cochlear has lost nearly a fifth of its market value after the hearing-implant maker flagged weakness in its key US market and slowing growth ahead of a new product launch.Cochlear, which dominates th..
More than half of Australian businesses are not confident they can take advantage of high speed broadband, a survey shows. An Australian Industry Group (Ai Group) report based on a survey of nearly..
The Australian share market is set to open significantly lower after heavy falls on Wall Street on Friday night. But encouraging manufacturing data out of China on the weekend could provide a boost..
US stocks tumbled, accelerating their losses after a flurry of mixed indicators sparked volatile trade in the last session of the month. The Dow Jones Industrial Average shed 208.96 points (1.36 pe..
