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Leighton Holdings' chief executive Hamish Tyrwhitt says he is shocked to have uncovered an alleged case of improper payments being made by one of the company's subsidiaries in Iraq. Leighton Holdin..
Expectations of a strengthening housing sector have been helped by new figures showing a rise in the value of new home loan commitments to a two-year high, economists say. However, some economists ..
The ANZ bank is cutting almost 500 more jobs and aims to cut more this financial year. The move has come under immediate attack from the Finance Sector Union (FSU), which says there's no justificat..
Stocks to watch on the Australian stock exchange early on Monday: ANZ - ANZ BANKING GROUP LTD - down 20 cents at $21.42 Banking Group has raised its variable interest rates for retail mortgages ..
A roundup of trading on major world markets: NEW YORK - US stock markets tumbled on Friday as new doubts surfaced over Greece's debt deal that just two days earlier seemed likely to go ahead. En..
The Australian share market is tipped to open as much as one per cent lower on Monday as jittery investors await the outcome of the Greek parliament's crucial vote on a 130 billion euro ($A160 billion..
The Australian share market closed lower on Friday as investors pondered possible weakening in the resources sector, a hold on interest rates this week, a soaring Aussie dollar and Greece's debt crisi..
Banks clawed back margins on home loans in late 2011 with average interest rates on new variable mortgages declining by less than the overnight cash rate, the Reserve Bank of Australia (RBA) says. ..
Borrowers are bracing for more interest rate hikes after ANZ Banking Group became the first to raise interest rates in defiance of the Reserve Bank of Australia (RBA). ANZ's move on Friday came thr..
James Hardie will receive more than $300 million after winning a legal dispute with the Australian Taxation Office (ATO). More than one third of the amount will be paid into a compensation fund for..
Newcrest Mining has forecast a continuing strength in the gold price after reporting a record high first half profit, driven by stronger gold, silver and copper sales. Shares in Newcrest, Australia..
Newcrest Mining expects gold to rise to as high as $US2,500 per ounce but the price will remain volatile, amid ongoing currency fluctuations and the uncertain global economic outlook. Gold rose to ..
The Reserve Bank of Australia has not given any new clues about the interest rate outlook in its quarterly monetary policy statement. The central message seems to be that rates are on hold for the ..
The stock market finally got a deal in Greece, but it didn't produce much of a rally. US stocks rose on Thursday morning after Greece announced an agreement to cut costs and keep from defaulting on..
Stocks to watch on the Australian stock exchange early on Friday: AAI - ALCOA INCORPORATED - steady at 10.50 Victorian Treasurer Kim Wells has pledged to support Alcoa to help keep the jobs of 6..
Copper rose on Thursday to hit a five-month high as the euro gained versus the dollar after Greece confirmed it had clinched a deal for emergency aid needed to ensure it avoids a disorderly default. ..
Rio Tinto is to continue to pour cash into its expansion and growth projects because of demand from emerging markets even though the mining giant is cautious about the near-term economic outlook. T..
The Australian share market closed slightly lower on Thursday as investors mulled over mixed earnings results, the ongoing Greek debt crisis and whether or not China would cut its interest rates. A..
Bank of Queensland (BOQ) says it will keep its standard variable home loan interest rates steady, in line with this week's decision by the Reserve Bank of Australia (RBA) . Interest rates will be k..
The great Australian dream just got smaller. Property group Stockland says unaffordable house prices have driven people into buying homes on lots that are less than a quarter of the size of the tra..
Telstra Corporation signed up more than a million new customers in the first half of its financial year, giving a hefty lift to its profit. The nation's largest telco added 958,000 mobile customers..
Scrap metal recycler Sims Metal Management expects a small improvement in first half underlying earnings despite difficult trading conditions that forced an asset write down. The company's share pr..
Rupert Murdoch's News Corporation has unveiled a leap in second quarter earnings despite having to pay out tens of millions of dollars related to the UK phone hacking scandal. The global media orga..
Pay TV operator Foxtel is betting on the nation's love of sport to help boost subscriber numbers and earnings this year. Foxtel on Thursday revealed that while it managed to lift subscriber numbers..
Wagering and gaming firm Tabcorp Holdings has lifted its first half underlying profit by 14.1 per cent and expects a similar performance for the remainder of the year. Tabcorp on Thursday reported ..
