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Activity in the services sector has reached its lowest level since the global financial crisis, weighed down by sharp falls in sales and new orders. The Australian Industry Group Australian Perform..
US stocks have rebounded from losses in late trade, setting record highs despite a weaker-than-expected US July jobs report. The Dow Jones Industrial Average gained 30.34 (0.19 per cent) to finish ..
The Australian share market has hit its highest point in more than two months as good signs from the United States overshadowed weaker local economic forecasts from the federal government. The S&am..
Toyota says its net profit soared 93.6 per cent in the three months to June and added that it was on track to produce more than 10 million vehicles worldwide this year.The world's biggest car maker ea..
Oroton shares have taken a hit after the luxury accessory brand predicted softer second half earnings for the 2012/13 financial year. In a trading update on Friday, the handbag retailer said its pe..
Demand for skilled labour in the housing industry is running well below normal, but a recovery could quickly expose underlying skills shortages. The Housing Industry Association's trades report, ba..
Sleep disorder equipment supplier ResMed is looking to grow its presence in Asia. US-based ResMed said its Asia-Pacific operations had an excellent performance in the fourth quarter of the 2012/13 ..
Paladin Energy has scrapped the sale of a stake in its flagship African uranium mine after it failed to attract a high enough bid.The Australian listed company instead will use a shareholder diluting ..
Casino operator Crown is shaking up its senior management team in a move that sees its Perth resort boss promoted at the expense of his Melbourne counterpart. The James Packer-controlled company ha..
The Australian share market has opened nearly one per cent higher. At 1010 AEST on Friday, the benchmark S&P/ASX200 index was up 50.2 points, or 0.99 per cent, at 5,111.7, while the broader All..
Motorola has introduced the keenly-anticipated Moto X, a Google-centric smartphone that buyers get to design themselves.Moto X is the first Motorola smartphone created in collaboration with Google sin..
The share market has edged higher despite the negative impact of speculation banks could be hit with a deposit levy. Reports the federal government wanted banks to pay a deposit insurance levy resu..
Andrew "Twiggy" Forrest has condemned the naysayers who have declared China's and Australia's economic boom is all but over. The mining billionaire said China was growing at a faster rate than it e..
The Australian share market has closed slightly higher despite talk of a new levy on deposits causing the big four banks to fall. At the close on Thursday, the benchmark S&P/ASX200 index was up..
The Australian stock market has taken a sharp drop as shares in the big four banks lose ground. The sudden fall in bank shares in late morning trade had come "out of the blue", and dragged the wide..
A subsidiary of construction giant Leighton has been awarded a lead role worth $650 million in the construction of a new rail line in Brisbane's north. Thiess will be part of the Trackstar team bui..
Another cut to interest rates may not help the economy, but it won't hurt it either, the boss of National Australia Bank says.The Reserve Bank of Australia is expected to cut the cash rate to a record..
A key measure of Chinese manufacturing activity sank to an 11-month low in July, British banking giant HSBC says, indicating further weakness in the world's second-largest economy. HSBC said on Thu..
Debt-laden Elders has sold its car interiors business Futuris Automotive to a US private equity firm for $69 million. Proceeds from the sale to Clearlake Capital Group will be used to reduce the co..
Toll road owner Transurban expects upgrade work on its Sydney motorways to lift traffic numbers in the year ahead.Transurban made a net profit of $174.5 million in the 2012/13 financial year, almost t..
