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Retail spending fell 0.1 per cent in June, according to official figures.Retail trade fell in the month, to a seasonally adjusted $20.540 billion, compared to a downwardly revised $20.567 billion in M..
The Australian dollar was one and a half US cents lower on Wednesday, weighed down by changed interest rate expectations and the release of weak economic data in the United States overnight. In a..
Downer EDI Ltd is reviewing its general consultancy practices in Asia, Australia and New Zealand perhaps leading to divesting the businesses. Downer said it was reviewing CPG Asia, CPG Australia an..
Activity in the services sector was falling at a slightly slower rate in July, as the outlook for interest rates and the global economy remains uncertain, a private sector survey shows.An increase in ..
Stocks to watch on the Australian stock exchange on Wednesday:AGG - ANGLOGOLD ASHANTI LTD - closed on Tuesday at $7.58AngloGold Ashanti will this week update its full-year gold production guidance aft..
Rating agency Moody's has upheld its triple-A rating for the US after Congress passed new legislation to raise the debt ceiling that averted a possible default. But Moody's added a "negative outloo..
US stocks wiped out most of their gains for 2011 on Tuesday, plunging as poor economic data overshadowed a congressional deal to raise the country's debt ceiling and avoid a default. It was the eig..
The Australian share market fell to its lowest point in almost a year on Wednesday as investors fretted over the weak US economy.The benchmark S&P/ASX200 index fell 100.8 points, or 2.27 per cent, to ..
Borrowers received some good news that interest rates will be on hold for at least another month but the central bank is still hinting the next move is upwards.The Reserve Bank of Australia (RBA) deci..
A new two-year low for residential building approvals, floundering non-residential approvals and another fall in housing prices and painted a dreary backdrop for Tuesday's monetary policy meeting. ..
Australia's third-largest nickel miner, Western Areas NL, says production is so strong that it will complete its obligations early and may negotiate higher contracts for the metal. The company said..
The Australian bond market opened stronger on Tuesday after weak manufacturing data overnight raised doubts about US economic recovery.At 0830 (AEST) on Tuesday, the September 10-year bond futures con..
Australian shares opened almost one per cent lower despite the passage through the United States House of Representatives of a bill averting a deft default.At 1031 AEST on Tuesday, the benchmark S&P/A..
Stocks to watch on the Australian stock exchange on Tuesday:BHP - BHP BILLITON LTD - up 88 cents at $42.30The South Australian government has given BHP Billiton the upper hand in negotiations over the..
The US House of Representatives will pass a vast austerity bill and avert a disastrous debt default, Republican House Majority Leader Eric Cantor predicted hours before the vote on Monday. "We're g..
Australian shares closed lower as the Congressional deal to resolve US debt issues failed to allay investor concerns about the faltering American economy.At 1615 AEST on Tuesday, the benchmark S&P/AS..
Vodafone Hutchison Australia (VHA) chief executive Nigel Dews says the problems that plagued telco's mobile network and caused a sharp slide in customer numbers have been fixed.Mr Dews said the compan..
Education provider Navitas Ltd has increased its full year profit by more than 20 per cent despite a steep fall in student enrolments in Australia and the UK.Navitas revealed it has experienced a 14 p..
New guidelines are to be introduced to provide clearer information for consumers about the risk of their superannuation funds' investments. From June next year the Australian Prudential Regulation ..
The Australian dollar has closed firmer, climbing one US cent as investors cheered news US legislators managed to hammer out a deal designed to avoid a debt default. It rallied about three-tenths o..
US energy company Peabody Energy and European steel giant ArcelorMittal have made a direct appeal to Macarthur Coal's shareholders to accept their hostile all-cash $4.7 billion bid after the target's ..
Gold hit another all-time high on Friday as investors sought a safe haven after anemic US growth data raised the spectre that a potential recession could spur the Federal Reserve to loosen monetary po..
Moody's Investors Service says the United States should be able to keep its triple-A credit rating as long as Washington works out a deal that lets it continue to pay bondholders. The credit rating..
The Australian share market is up by two per cent after United States congressional leaders reached an agreement on raising the US debt limit.US President Barack Obama said the deal will cut about $US..
Stocks to watch on the Australian stock exchange on Monday:AUN - AUSTAR UNITED COMMUNICATIONS LTD - down one cent at $1.05Austar chief executive John Porter expects a difficult second half given the c..
