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Weak housing finance data for November suggests recent interest rate cuts from the central bank have done little to stimulate activity in the property market, economists say. The number of home loa..
Consumer prices are rising in line with the Reserve Bank of Australia's target for inflation, a report says. The TD Securities-Melbourne Institute inflation gauge rose 0.4 per cent in December, aft..
The Australian Workers' Union (AWU) is questioning the $100 million in government assistance given to BlueScope, after the steelmaker shed another 170 jobs at its Victorian plant. About 110 employe..
Job advertisements fell to their lowest levels for three years in December as firms held back on employing new staff amid difficult times. The ANZ job advertisements series published on Monday said..
US financial markets have taken a breather after enduring weeks of intense haggling throughout the debate on the fiscal cliff. The major indices closed the week out higher, but only modestly so, as..
Employees at steelmaker BlueScope's Western Port facility have started the working year to news of major job cuts. About 110 staff at BlueScope's mill at Hastings, southeast of Melbourne, will lose..
The Australian share market closed lower amid profit taking on Friday and mixed messages about economic data out of Asia. At the close on Friday, the benchmark S&P/ASX200 index was 13.5 points,..
Australian homeowners can look forward to three more interest rate cuts in 2013, one of the country's biggest banks says. The National Bank of Australia predicts the Reserve Bank of Australia will ..
Online job ad company Seek is increasing its stake in Chinese employment website Zhaopin as it continues its expansion into the growth markets of Asia and South America. Seek announced on Friday th..
Toll road operator Transurban has lifted toll revenue in the first half of 2012/13 despite only modest traffic increases. The owner of Melbourne's CityLink and the M2 and Lane Cove Tunnel in Sydney..
Troubled retailer Billabong has appointed a former Network Ten executive as its new chief financial officer. The surfwear company announced on Friday that Peter Myers, who has previously worked as ..
Stocks to watch on the Australian stock exchange on Friday: ALZ - AUSTRALAND - up three cents, or 0.87 per cent, at $3.47 Capitaland, who holds a 59.3 per cent stake in Australand, is reviewing ..
US stocks have scored solid gains after stronger-than-expected Chinese trade data boosted growth hopes for the world's second-biggest economy. The Dow Jones Industrial Average rose 80.71 points (0...
The Australian share market closed higher, following an afternoon run on the back of economic data from China showing that exports rose by 14.1 per cent. At the close on Thursday, the benchmark S&a..
Industry fund First Super will be selling its News Corp shares after a global push to end Rupert Murdoch's dual role as chairman and chief executive failed. First Super said it has asked its fund m..
Property group Australand's major shareholder is reviewing its investment in the company. Capitaland, a major real estate company based in Singapore, intends to conduct a strategic review of its in..
Australia's housing construction sector appears to be finally picking up but economists and industry groups warn further interest rate cuts may be needed to ensure the nascent recovery gathers steam. ..
US stocks have closed higher after two days of losses to close as cautious investors await fourth-quarter earnings results. At the close of trade on Wednesday, the Dow Jones Industrial Average was ..
India-owned Sembawang Australia has moved to trump rival Leighton Holdings with a new $38 million offer to buy MacMahon Holdings' construction and rail businesses. The new offer is well above the c..
The Australian market closed higher to end a three day run of losses and defy market falls in the US and Europe overnight. At the close on Wednesday, the benchmark S&P/ASX200 index was 17.9 poi..
Shares in Australian company Alumina shot up after aluminium giant and joint venture partner Alcoa beat sales expectations and forecast a rise in demand in 2013. Alcoa kicked off the US earnings se..
Retailers are continuing to struggle as Australian consumers funnel their money online and towards new cars, overseas holidays and restaurants. Australian retail spending slumped 0.1 per cent in No..
Sydney Airport will reach its full capacity 20 years earlier than management has predicted, with a new report indicating it will become constrained soon after 2025. In the report `Sydney versus the..
The number of job vacancies in Australia fell to a 30-month low in November, official statistics show. The total number of vacancies in November 2012 was 166,800, seasonally adjusted, down 6.9 per ..
A surprise fall in retail sales in November due to a drop in spending on discretionary items does not necessarily mean an interest rate cut in February, economists say. Australian retail spending f..
