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The Reserve Bank of Australia has kept the cash rate at 4.25 per cent at its March board meeting. The last time the central bank cut the official interest rate was a quarter per cent cut in Decembe..
Foreign trade figures showing a boost to exports have added to the case that official data will show an acceleration in the economic growth rate, economists say. Foreign trade, adjusted for price c..
Westpac Banking Corporation has confirmed plans to send 119 technology jobs overseas to cut costs. A Westpac spokesman said on Tuesday staff working in the affected parts of the bank were told last..
Mining giant Rio Tinto plans to invest $US2 billion ($A1.87 billion) in an iron ore project in eastern India in what it says will be Australia's "largest investment" in the South Asian nation. Sam ..
The Australian dollar has fallen almost half a of one US cent as global markets reacted to China's reduced growth target. At 0700 AEDT the Australian dollar was trading at 106.69 US cents, down fro..
US stocks have fallen on worries about the slowing global economy after China lowered its growth estimate eclipsed positive numbers on the US services sector. The Dow Jones Industrial Average dippe..
The Reserve Bank of Australia (RBA) is expected to hold interest rates at their current level when it meets on Tuesday. An AAP survey of 13 economists last week revealed all expected the RBA to hol..
Australian stocks started the week poorly, with the big miners dragging the market down on the back of lower commodity prices. The benchmark S&P/ASX200 index closed down 16.7 points, or 0.39 pe..
Coca Cola Amatil (CCA) has surprised the market by deciding not to exercise its right to buy any of Foster's spirits business. CCA made the decision after looking at the books in a deal that would ..
ANZ says it has received approval to offer local currency products and services to customers in China. The Melbourne-based bank said it had obtained a licence from the China Banking Regulatory Comm..
Optus chief executive Paul O'Sullivan has been given a wider brief as part of a restructure of parent company Singapore Telecommunications (SingTel). SingTel said on Monday the company would be spl..
Lawyers for a $200 million-plus class action against the Centro group say it is unrealistic for the restructured company to claim it is not liable for losses of the old entity.More than four years sin..
Labour demand remains strong, according to a private study showing that job advertisements continue to trend positively. The number of jobs advertised on the internet and in newspapers rose 3.3 per..
Consumer prices rose slightly in February, as increases in the cost of fruit and vegetables were offset by notable drops in costs linked to holidays. The TD Securities-Melbourne Institute inflation..
A fall in company profits in the last three months of 2011 and a rise in inventories points to a moderate rate of economic growth in the December quarter.The figures feed into the December quarter gro..
After falling half a US cent, the Australian dollar has traded in a tight range as investors await a series of major economic data releases due later in the week. At 1200 AEDT, the Australian dolla..
A roundup of trading on major world markets: NEW YORK - US stocks closed lower on Friday with traders lacking any kind of news to spark enthusiasm for buying. All the market energy seemed to go ..
The Australian stock market closed higher after a positive lead from Wall Street, shrugging off higher unemployment levels in Europe. The benchmark S&P/ASX200 index was up 17.6 points, or 0.41 ..
The pace of growth is expected to have slowed in late 2011, economists say. AMP Capital chief economist Shane Oliver said he was expecting a slowing in the pace of economic growth for the final thr..
Sundance Resources was heavily traded after the iron ore explorer entered an agreement with a private West African company about sharing infrastructure planned for the Perth-based company's Mbalam/Nab..
Consumer goods retailer Harvey Norman is drastically scaling back plans to conduct five per cent of its trade online, only months after launching a brand new website. Chief executive Gerry Harvey s..
The Federal Government has frozen the super contributions cap for the next financial year and introduced a new measure designed to help those who have mistakenly put too much money into their superann..
Australia's air services regulator has rejected a bid by Qantas Airways and South African Airways (SAA) to continue their code-sharing alliance on flights between the two countries. The Internation..
Leighton Contractors has taken a big step towards securing a stream of work on Rio Tinto's $18 billion iron ore expansion in Western Australia's Pilbara region. The wholly owned Leighton Holdings s..
The cookie may have crumbled for biscuit maker Unibic Australia but a potential buyer has come to the table, just a day after company was placed into administration. Insolvency firm Lawler Draper D..
