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A disappointing figure for US job creation in April has sent US stocks lower on opening, with the 115,000 new jobs in the month below the modest expectations of forecasters. In the first five minut..
Aggressive discounting on electrical goods is being blamed for sending struggling retailer Harvey Norman's profits tumbling. The retailer on Thursday said its pre-tax profit for the first nine mont..
Australian stocks closed marginally lower on a day of low volumes as gains among finance-linked companies were offset by weakness in the energy sector. At 1615 AEST on Thursday, the benchmark S&..
The reserve bank's interest rate cut may have been music to the ears of the nations' retailers, but it could take a while before they start to reap the benefits. So says Peter Birtles, head of Supe..
Tabcorp has generated more revenue in the first three months of the calendar year, partly as a result of greater interest in fixed-odds betting and the animated racing game, Trackside. The wagering..
The corporate watchdog has put the nation's company boards on notice after the High Court ruled that former James Hardie directors misled investors about its asbestos compensation fund. The High Co..
The housing sector may be struggling but there is still a shortage of skilled labour in some parts of the building sector, a study has found. The Housing Industry Association (HIA) Trades Report, r..
Setting aside natural gas resources for the nation's own use would be counterproductive and could leave gas in the ground at a time when new supplies need to be developed, says oil and gas producer Sa..
The Commonwealth Bank of Australia (CBA) has cut its standard variable home loan rate by 40 basis points to 7.01 per cent. The decision on Thursday came two days after the Reserve Bank of Australia..
Westpac chief executive Gail Kelly says she is amazed by the attention variable mortgage rates attract, despite delaying a cut to the bank's rates to deliver a near $3 billion first half profit. We..
The Australian share market closed marginally stronger at a nine-month high after gains by miners were offset falls among the big four banks. The benchmark S&P/ASX200 index closed up 6.4 points..
Woodside Petroleum has told shareholders that plunging prices caused by a gas glut in the United States will not restrain its ambitious growth plans. Australia's top oil and gas player revealed at ..
News Corporation investors have shrugged off a UK parliamentary inquiry which found chairman and chief executive Rupert Murdoch was "not a fit person" to run a major international company. The repo..
Leighton Holdings has won a $604 million, three-year, contract for mining services at the Peak Downs Mine in central Queensland. Under the contract, awarded by BHP Billiton Mitsubishi Alliance (BMA..
Brambles is on track to meet its full year profit target after unveiling a 33 per cent rise in its latest sales results. The world's biggest pallet supplier on Tuesday said total sales from continu..
ANZ Banking Group is not expected to cut its interest rates by 0.5 per cent in May despite posting a record profit of almost $3 billion in six months. Chief executive Mike Smith on Wednesday refuse..
Origin Energy has struck a deal to supply gas to a joint venture of major energy suppliers. Origin on Wednesday said it would supply 365 petajoules (PJe) of gas over 10 years from 2015 to GLNG, whi..
A better-than-expected read on US manufacturing in April and encouraging construction data drove Wall Street shares higher Tuesday as traders shrugged off some poor earnings reports. Profit taking ..
Stocks to watch on the Australian stock exchange on Wednesday, May 2 ALS - ALESCO CORPORATION LTD - up 60 cents, or 42.86 per cenb, at $2.00 DLX - DULUX GROUP LTD - down 13 cents at $2.97 Dul..
The Australian dollar is more than one US cent lower after the central bank surprised markets with a 50 basis point interest rate cut. At 1700 AEST on Tuesday, the currency was trading at 103.24 US..
The Australian share market lifted to a nine-month high after the central bank surprised investors with a bigger than expected interest rate. The cut took the cash rate to its lowest level since de..
Woodside Petroleum has struck a $US2 billion ($A1.92 billion) deal to sell part of its stake in the Browse gas project to Japan's Mitsubishi Corporation and Mitsui & Co. The Japanese companies ..
The Reserve Bank of Australia has paved the way for interest rate relief for home owners by slashing the cash rate to its lowest level in two years. The central bank cut the cash rate by 50 basis p..
Stockland Group says the value of some of its residential developments and UK assets has fallen, but it is on track to achieve its recent earnings guidance for 2012. The property developer said on ..
Australia's big four banks are unlikely to pass the full 0.5 per cent cut in official interest rates through to mortgage holders, analysts say. Westpac, ANZ, National Australia Bank (NAB) and the C..
