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US stocks have suffered hefty losses as the partial government shutdown dragged through a third day and worries climbed that the budget battle could escalate into a debt default. The Dow Jones Indu..
Strength in resources and banking stocks has pushed the Australian share market higher despite the continuation of a US Congressional stand-off over budget negotiations. Firmer commodities prices a..
Retailers dominated gainers on the NZX, with Kathmandu putting on a further seven per cent to close at $3.60 on a day when the market as a whole drifted up slightly. The NZX 50 Index rose 1.345 poi..
Record low interest rates are encouraging more people to take out a mortgage but other parts of the economy aren't being stimulated, new figures show. St George economist Janu Chan said the Reserve..
Shares of electric car company Tesla have sunk more than 6 per cent after an internet video showed flames spewing from one of the company's vehicles following a crash near Seattle. Shares of Tesla ..
Seven West Media has promoted the head of its magazines division to chief operating officer as it looks to increase its revenue from new technologies and content. Pacific Magazines chief executive ..
Australian shares are firmer despite the continuation of a US Congressional stand-off over budget negotiations. Wall Street and European equity markets dropped overnight as the partial US governmen..
Long-serving Origin Energy chairman Kevin McCann is retiring from the electricity retailer, and will be replaced by fellow board member and Westpac director Gordon Cairns. Mr McCann has been chairm..
The share market has opened higher despite a partial US government shutdown pushing other markets around the world into the red. CommSec market analyst Steven Daghlian said the modest move higher w..
Activity in the services sector fell at a much slower rate in September, thanks to improvements in sales, new orders and supplier deliveries. The Australian Industry Group Australian Performance of..
US stocks have fallen as the reality of the government shutdown depressed markets and raised concerns about the possibility of a US debt default due to political gridlock. The Dow Jones Industrial ..
Australian shares rose as investors expect the partial US government shutdown to be resolved soon. With the shutdown of non-essential American public services continuing for a second day, investors..
ANZ chairman John Morschel says it is crazy for businesses not to have women account for half of their management teams. But he understands Prime Minister Tony Abbott's difficulties in achieving th..
Australia's recent trade deficits have been pushed further into the red by the new inclusion of small purchases by consumers of goods made overseas. The total value of imports below $1,000 ordered ..
Fish farmer Clean Seas Tuna is planning to raise capital to fund increased production of kingfish. Clean Seas told shareholders at its annual general meeting in Adelaide that details of the capital..
UGL has extended the contract of its chief executive for another 13 months as it moves to split its engineering and property businesses. Richard Leupen, who had been due to step down in March 2014,..
Wages in Australia will fall relative to emerging Asian and developed European economies in the next 20 years unless productivity is boosted, accounting giant PricewaterhouseCoopers says. Of 21 eco..
Takeover target Warrnambool Cheese and Butter Factory could double its earnings in the current financial year as market conditions continue to improve.Higher margins due to the company's business impr..
The Australian market has opened higher after gains on international markets as investors shrugged off worries about the partial US government shutdown. Market analysts believe investors had expect..
US stocks have jumped amid hopes the partial government shutdown will not seriously harm the economy. At the closing bell, the Dow Jones Industrial Average rose 61.33 points (0.41 per cent) to 15,1..
The colossal machinery of the US government will be largely paralysed by the rancorous dispute over President Barack Obama's healthcare law, which conservatives want to gut.In the first such shutdown ..
The Australian share market has closed slightly lower in choppy trading, after the United States government partially closed down because Congress failed to agree upon a new budget. Several factors..
No change in the cash rate, no sign that a cut is likely soon, but no sign that a cut later on has been ruled out. That was the message as the Reserve Bank of Australia decided, as widely anticipat..
Construction giant Leighton has won a $370 million contract to build a new terminal and car park at Melbourne Airport. Leighton will build the airport's new Terminal 4 in a joint venture with its s..
All of the data on Tuesday pointed in the direction of a stronger Australian economy. The headline act was retail trade. The value of spending rose by 0.4 per cent between July and August, after..
