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Australian shares are flat as investors on hold until the election is over, with banking and mining stocks taking a hit. While a coalition victory is almost a certainty, CommSec market analyst Juli..
Shares in offshore oil and gas charter vessel company Miclyn Express have soared almost 10 per cent after a private equity syndicate launched a $150 million takeover bid for the company.CHAMP Marlin H..
US stocks have opened higher after a mediocre US jobs report raised doubts that the Federal Reserve will soon scale back its aggressive bond-buying program.Five minutes into trade on Friday, the Dow J..
Rio Tinto's aspiration of producing 360 million tonnes of iron ore each year is achievable, despite concern about its Pilbara expansion, analysts say. The mining giant has been showing analysts aro..
The Australian market has finished lower, pulled back by falls among resources and banking stocks. RBS Morgans client adviser Alistair McCorquodale said the big miners led the falls on Thursday, bu..
Cleanseas Tuna says it can't explain a 61 per cent rise in the value of its shares in the last week. Market operator ASX has asked the South Australian tuna farmer and research company if it knows ..
Mining services company Worley Parsons has scored a contract to build a rail link between an African port and a coal mine owned by Brazilian resources giant, Vale. The ASX-listed company will build..
Australia's trade balance fell into the red in July, but it should bounce into the black in the coming months as resource exports increase. The July deficit was $765 million, following a surplus of..
Westfield Group has received the green light to buy a Perth shopping centre, but only if it sells another nearby centre. Westfield holds a 33 per cent stake in the Karrinyup Shopping Centre, and wa..
The Australian market has been dragged lower by banking and resource stocks. Weaker commodity prices overnight and a Goldman Sachs report suggesting Australian bank stocks were too expensive have b..
The local share market is lower as investors hold out for the federal election and America's response to Syria. The All Ordinaries were down 11.4 points, or 0.22 per cent, at 5,145.1 in early trade..
The man hired by Newcrest Mining to investigate its disclosure scandal has found no "smoking gun".But he admits he did not interview any of the financial analysts involved.Newcrest's share price plung..
Wall Street stocks have jumped after surging US auto sales pointed to robustness in the manufacturing sector. The Dow Jones Industrial Average rose 96.91 (0.65 per cent) to 14,930.87. The broad-..
Payment solutions firm Smartpay Holdings is aiming to run EFTPOS terminals for Australian banks. Auckland-based Smartpay provides EFTPOS terminals, service and support to merchants in return for a ..
The Australian dollar has hit a fresh two-week high after the release of solid economic growth figures for the June quarter. At 1200 AEST on Wednesday, the local unit was trading at 90.92 US cents,..
Hills Holdings has sold another of its manufacturing businesses, and expanded its technology operations into the healthcare sector. Hills, the maker of the Hills Hoist, has sold plumbing supplier L..
The Australian share market has lost ground as renewed concerns about a possible US military strike on Syria outweighed encouraging figures on economic growth. There was a knee-jerk reaction by inv..
Australia's economic growth remains solid but the devil is in the detail. Australia's gross domestic product (GDP) was up 0.6 per cent in the June quarter, for an annual rate of 2.6 per cent, the l..
Engineering firm Monadelphous Group has won a $235 million construction contract for work on an iron ore port being built for Rio Tinto. Monadelphous said the contract is for work on Rio's Cape Lam..
The Australian dollar has risen a quarter of a US cent after the release of economic growth data.Gross domestic product (GDP) grew by 0.6 per cent in the June quarter, in line with economists' expecta..
The Australian economy remains sluggish but is benefiting from a boost in resources exports.Australia's economy grew by 0.6 per cent in the June quarter, figures released by the Australian Bureau of S..
New Zealand has overtaken Australia for the first time on the World Economic Forum's annual global competitiveness index. New Zealand has climbed five places to be ranked 18th for global competitiv..
US stocks have kicked off a holiday-shortened week higher, but concerns about a possible US military strike on Syria cut into early gains. The Dow Jones Industrial Average added 23.65 (0.16 per cen..
The Australian share market has closed slightly higher despite disappointing figures on retail sales and Australia's widening current account deficit. "I think we're still to a large degree running..
The Reserve Bank of Australia has signalled it's happy to maintain its current perch on the fence. The central bank validated widely held expectations by leaving the benchmark cash rate on hold at ..
