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Steel and mining group Arrium has warned it will cut more jobs from its Australian steel division, after it pushed further into the red.Arrium on Tuesday posted a $447.2 million net loss in the six mo..
The Australian market has opened lower as investors remain cautious ahead of Italy's general election. At 1023 AEDT on Tuesday, the benchmark S&P/ASX200 index was down 7.3 points, or 0.14 per c..
Steel and mining group Arrium has fallen further into the red as the high Australian dollar and weak construction markets cause a massive writedown on its assets. Arrium made a net loss of $447.2 m..
The Australian dollar is virtually unchanged after a quiet night of trade with US markets closed for the President's Day public holiday. At 0630 AEDT on Tuesday, the local unit was trading at 102.9..
Ports and rail operator Asciano is sticking to its five-year earnings targets after posting a 74 per cent increase in first half profit in the face of industrywide downgrades.Shares in the company gai..
Southern Cross Austereo (SCA) shares rose about 10 per cent to a nine-month high after the broadcaster presented a cautiously optimistic outlook about the advertising market.The share price rally came..
The Australian market looks set to open flat with Wall Street closed and after European stocks mainly fell following the G20 meeting that spared Japan an accusation of unfairly devaluing its currency...
The Australian share market has closed higher, led by the major banks. At 1615 AEDT on Monday, the benchmark S&P/ASX200 index had lifted 29.5 points, or 0.59 per cent, to 5,063.4 points, while ..
Health insurer nib is confident rises to premiums due to kick in from April will be enough to absorb an expected rise in claims costs. The comments came as nib on Monday disappointed investors with..
Australian stocks are stronger, with the financial and consumer discretionary sectors leading the broader market higher. At 1223 AEDT on Monday, the benchmark S&P/ASX200 index was up 33.9 point..
Iron ore miner and steel maker Arrium has appointed the head of its mining consumables business, Andrew Roberts, as its new chief executive. Mr Roberts replaces Geoff Plummer, who announced last No..
A sharp fall in shares of the world's largest retailer Walmart pulled stocks lower Friday, though steep losses were averted by a final-hour rebound. At the closing bell the broad-based S&P 500 ..
Bendigo and Adelaide Bank says interest rates on deposit accounts may be about to fall as other sources of funds become cheaper and more accessible for banks.The regional lender's managing director Mi..
Lend Lease shares have fallen, despite the construction giant posting a 39 per cent jump in net profit, with investors sceptical about its growth prospects.The company reported a net profit of $302.3 ..
Packaging giant Amcor says its new recycled paper machine at its Botany mill in NSW and recent acquisitions, such as the Shorewood tobacco packaging business, will drive earnings in the short term.Amc..
BlueScope Steel has accused Australian importers of attacking their own manufacturing industry by illegally importing cheap, dumped steel.Chief executive Paul O'Malley also said offenders were abusing..
US stocks opened higher Friday following a solid report on US industrial production in the fourth quarter.About 35 minutes into trade, the Dow Jones Industrial Average was up 26.49 points (0.19 per ce..
Australian stocks have closed flat, with the benchmark index holding above 5,000 points for a third day as weakness among the big miners was offset by gains in finance companies and defensive sectors...
Stocks to watch on the Australian stock exchange at close on Friday: ANZ - ANZ BANKING GROUP LTD - down 29 cents at $27.77 ANZ shares have fallen amid disappointment at its first quarter earning..
Fish farmer Tassal has lifted its first half profit as it pushes more consumers eat salmon for breakfast, lunch and dinner. Tassal on Friday booked a net profit of $15.83 million for the six months..
A lack of business confidence on both sides of the Tasman has been a drag on ANZ's quarterly profit, something the bank has dismissed as a temporary aberration. The smallest of Australia's four maj..
Shopping centre group Charter Hall Retail REIT is bargaining on the continued sales growth of supermarket giants Coles and Woolworth as it focuses on its Australian business. The company announced ..
Fish farmer Tassal has lifted its first half profit as it pushes more consumers to eat salmon for breakfast, lunch and dinner. Tassal on Friday booked a net profit of $15.83 million for the six mon..
Losses among the major banks and miners have dragged the Australian share market lower, but it continues to push above 5,000 points. At 1030 AEDT on Friday, the benchmark S&P/ASX200 index was d..
The world's largest recycler Sims Metal Management has revealed more than $430 million in writedowns, setting itself up to post a massive first half loss.The writedowns are connected to possible fraud..
