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Panicked investors shaved about $32 billion from the value of the Australian share market, sending it to a two-year low on fears of a volatile Wall Street in the aftermath of the first ever downgradin..
Consumer electronics chain JB Hi-Fi says it expects solid earnings growth and sales for the year ahead even though the challenging market for retailers led to its first fall in profit in more than 10 ..
US Treasury Secretary Timothy Geithner sought to reassure investors before markets opened on Monday, slamming a historic US credit downgrade as a "terrible judgment" and insisting the US economy is st..
The Dow Jones Industrial Average climbed 0.2 per cent to 11,403.06 in early trading on Friday, in a volatile opening after the release of a better-than-expected US employment report.The broader S&P 50..
The US economy generated a higher-than-expected 117,000 jobs in July, slightly reducing the unemployment rate in a rare recent bit of good news for the struggling economy, the Labour Department said o..
Australian shares closed four per cent lower as fears of a new global economic crisis gripped the local market.The fall wiped almost $60 billion from the value of Australian stocks on Friday, and took..
Australian construction activity stayed in the doldrums in July, largely due to weak levels of new work and poor consumer confidence, a report says. It was the construction industry's 14th consecut..
The latest official statement on monetary policy shows the central bank is worried about rising inflation but alert to increasing dangers from the global economy. The bottom line from the quarterly..
Shares in ResMed Inc have remained relatively steady during Friday's market slump, after the sleep disorder company posted a 19.4 pct annual profit rise. ResMed Inc has increased full year net prof..
Westfield Group says its half year distribution will be 24.20 cents per security. The distribution represented 50 per cent of the forecast distribution of 48.40 cents per security for the year endi..
The head of the European Commission on Thursday urged eurozone leaders to re-think their currency's financial defences, admitting debt contagion has now spread beyond the euro periphery.As the Europea..
Stocks to watch on the Australian stock exchange on Friday:ACL - ALCHEMIA LTD - up 2.5 cents at 63.5 centsDrug developer Alchemia's generic blood-thinning drug has been launched in the United States b..
The Australian dollar dropped more than two US cents overnight as fears rise over the US economy and the European sovereign debt crisis deepens. US stocks also fell, down more than four per cent an..
You have to hold your nerve when share markets worldwide are being hammered, says Toll Holdings outgoing chief executive Paul Little.The Australian share market on Friday fell four per cent on heighte..
Construction giant Leighton Holdings expects a reduction in the size of its annual loss due to renewed confidence the Brisbane Airport Link will be completed on time. Delayed development approvals,..
Energy Resources Australia's (ERA) share price fell sharply to its lowest close in seven years after it slashed the size of estimated reserves at its key Ranger uranium mine in the Northern Territory...
Shares in Cazaly Resources jumped after the junior iron ore explorer announced the sale of its Parker Range project in Western Australia. The project is being bought by a major South East Asian inv..
Mortgage sales fell 3.7 per cent in July, on fears of an interest rate rise and the carbon tax, a major broker says.The Australian Finance Group (AFG) Mortgage Index showed the greatest fall was in Vi..
The Australian share market remained cautious on Thursday, after Wall Street finished slightly higher in overnight trade despite further disappointing data. At 1615 AEST on Thursday, the benchmark ..
Duet Group says it expects to pay a distribution of 16 cents per security in 2011/12 as it suspends its distribution reinvestment plan while it goes to the market to raise $277 million in new capital...
Stocks to watch on the Australian stock exchange on Thursday:AVJ - AV JENNINGS LTD - steady at 45 centsResidential developer AVJennings has posted a 34 per cent lift in annual profit, but has flagged ..
The Australian dollar was slightly higher amid speculation the US central bank could embark on another stimulus program to help the US economy.At 0700 (AEST) on Thursday, the Australian dollar was tra..
US stocks closed higher on Wednesday, as the Dow Jones Industrial Average ended an eight-day losing streak and markets regained some ground lost in Tuesday's brutal sell-off. The Dow average of 30 ..
Global miner Rio Tinto says it is confident that demand for its main products of iron ore, coal and aluminium will double, despite the uncertain world economic outlook.Rio Tinto on Thursday reported a..
Fairfax Media shares hit a record low on Wednesday as the latest falls in consumer spending foreshadowed continuing weak advertising revenues for media companies.Fairfax, publisher of The Sydney Morni..
