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The Fitch ratings agency has upgraded Greece to B- from "restricted default" after the country carried out the biggest debt writedown in history in a bond swap with private creditors. Fitch said on..
Fortescue Metals Group's latest bond sale appears to be a sign that debt markets are bouncing back. The iron ore miner on Wednesday announced it was seeking to raise $US1 billion ($A951.20 million)..
Australian shares finished stronger as investors shrugged off a mixed US lead and lower prices for some commodities overnight. The benchmark S&P/ASX200 index was up 50.9 points, or 1.21 per cen..
Qantas Airways has called for regulators to take a close look at Virgin Australia's proposed ownership restructure. Qantas general counsel Brett Johnson says the national carrier is concerned that ..
A dip in new home loan approvals in January will not nudge the Reserve Bank of Australia (RBA) in the direction of lower interest rates. The number of home loan approvals fell by 1.2 per cent, seas..
Woodchipper Gunns Ltd says it is confident of getting sufficient commitment to enable a vital capital raising to proceed, just days after a billionaire investor pulled out of a major recapitalisation...
Credit Union Australia (CUA) is confident it can attract more customers and boost revenues despite a slump in first half profit. Australia's biggest credit union on Tuesday reported an unaudited ne..
Macquarie Group is the latest Australian banking firm to suffer a ratings downgrade by Fitch as the reviews most of the world's major financial institutions. Macquarie said the one notch downgrade ..
US stocks finished mixed Monday ahead of a Federal Reserve policy board meeting that analysts hope will provide a better picture of the US economy's direction. The Dow Jones Industrial Average clos..
Stocks to watch on the Australian stock exchange early on Tuesday: COK - COCKATOO COAL LTD - up 4.5 cents at 41 cents A South Korean firm plans to increase its stake in Australian coal miner Coc..
Greece has implemented the biggest debt writedown in history, swapping the bulk of its privately held bonds with new ones worth less than half their original value. Although the exchange will keep ..
The Australian sharemarket drifted to a marginally weaker close amid lower trading volumes because of a public holiday in Victoria. Investors sat on their hands ahead of a raft of US economic data ..
A Chinese steel maker and Australian iron ore explorer have extended their joint venture with plans to develop South Australia's first port capable of handling super-large bulk carriers. Australian..
It's not only the mining boom that's creating jobs - there's also plenty of work to be had in the pizza sector. So says Australia's biggest pizza company, Domino's Pizza Enterprises. Domino's sa..
Paladin Energy can now start exploring its Canadian assets, after a three-year moratorium on uranium mining was lifted by indigenous landowners. The Africa-focused uranium miner on Monday said the ..
Gold producer Silver Lake Resources has backed out of a deal to acquire gold and copper explorer Phillips River Mining. However, it has agreed to buy one of Phillips River's projects. Phillips R..
A surge in imports in February has left China with a trade deficit of $US31.5 billion ($A29.71 billion), its largest in a decade, the Xinhua news agency reports. Despite an 18.4 per cent increase i..
Stocks to watch on the Australian stock exchange early on Monday: AIO - ASCIANO LTD - up one cent at $4.79 Asciano's Patrick ports business has applied to Fair Work Australia to commence concili..
US stocks took a roller-coaster ride in the week to Friday as Wall Street marked three years since hitting bottom in the middle of the Great Recession. The week, a bumpy one due to worries about th..
The Australian share market finished almost one per cent stronger after a sharp slowing in China's inflation rate boosted resources stocks. The benchmark S&P/ASX200 index was up 41 points, or 0..
The first trade deficit in almost a year could weaken economic growth, economists say. The balance of goods and services showed a deficit of $673 million in January, seasonally adjusted, compared w..
ANZ Banking Group has left its variable interest rates unchanged but has raised a raft of fixed-interest mortgage products, as it indicates funding pressures will continue to rise. After its monthl..
Insurer IAG will cut 600 jobs across Australia and close some offices as part of a restructure of its CGU business. A day after the insurance industry's peak body declared NSW and Victoria's big we..
Qantas has suffered a major setback as plans for its premium airline in Kuala Lumpur hit the skids following a breakdown in talks with Malaysian Airlines.The failure to strike a deal with Malaysian ha..
The head of Westpac's New Zealand business has been appointed chief executive of St George bank. George Frazis will replace Rob Chapman who leaves the bank after more than 10 years to return to Ade..
