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BHP Billiton could be planning to set up a separate $20 billion company comprising its aluminium, bauxite and nickel assets.The global mining giant has not confirmed or denied media reports that senio..
The Australian dollar has climbed after the release of better than expected manufacturing figures from China. At 1200 AEDT on Tuesday, the local unit was trading at 92.88 US cents, up from 92.31 ce..
The share market has made a better than expected start to the week, with gains in most sectors. Monday is the final day of trading for the third quarter of the financial year, which would probably ..
The Australian market looks set to open flat despite strong gains on Wall Street, after Federal Reserve chair Janet Yellen said unemployment was still a big factor in the US economy's recovery. At ..
US stocks have opened higher with biotechnology and other stocks heavily sold last week showing a rebound. Five minutes into trade, the Dow Jones Industrial Average was up 121.37 points, or 0.74 pe..
Economists predict the cash rate will stay on hold when the board of the Reserve Bank of Australia meets today. But many forecasters say there could be a string of rate hikes next year, with the ca..
The Australian dollar has bounced after Federal Reserve chair Janet Yellen made dovish remarks about the US economy's recovery. At 7am today (AEDT), the local currency was trading at 92.73 US cents..
The share market has posted gains after a positive lead from global markets and more encouraging local economic data. A calming in European tensions, speculation of mini-stimulus in China and good ..
Billionaire Kerry Stokes' Seven Group Holdings has lodged a takeover bid for debt laden oil and gas company Nexus Energy. The media and industrial services group plans to acquire all shares in Nexu..
Toy distributor Funtastic has suffered a $26 million half year loss and says sales of some of key brands have been disappointing. The company's loss in the six months to January 31 was largely caus..
New home sales are at a near three year high, driven by a boom in detached house sales. Detached house sales jumped 6.9 per cent in February, according to data from the Housing Industry Association..
Qantas has unveiled a new loyalty program for small and medium sized businesses, just days after the airline angered passengers with changes to its frequent flyer offering. The airline's new awards..
Inflation has continued to rise, signalling the beginning of the end for the record low cash rate. The TD Securities Melbourne Institute monthly inflation gauge rose by 0.2 per cent in March and by..
Andrew Forrest's Fortescue Metals Group will continue exploring for iron ore in the Pilbara despite lower growth forecasts for China and weaker iron ore prices. As the company opened the final stag..
Qantas has drawn the ire of frequent flyers by cutting the number of points passengers can earn on cheaper fares as part of an overhaul of its loyalty program. Hundreds of customers have taken to T..
US stocks have closed in the red, with the tech-rich Nasdaq leading the losses for a second day as investors weigh a batch of mixed economic data. The Dow Jones Industrial Average slipped a scant 4..
The share market has been weighed down by weaker commodity prices and a stronger Australian dollar. The market recovered some of its earlier losses in afternoon trade, but still finished in the red..
The Abbott government's sale of Medibank Private is likely to be a good opportunity for investors, but bad news for the health insurer's staff. Analysts say there will be plenty of market interest ..
Sydney's Cross City Tunnel has been bought by toll road owner Transurban for $475 million. The 2.1 kilometre tunnel connects the west side of Sydney's CBD to Rushcutters Bay in the east, and cost $..
Pharmaceuticals wholesaler and distributor Sigma Pharmaceuticals will increase its focus on services that can be offered by pharmacists as it continues to battle changes to the Pharmaceutical Benefits..
US stocks have finished lower with technology names tumbling the most after the market snubbed a Facebook acquisition announcement and King Digital's first day of trade as a public company. The Dow..
Experienced businessman Robert Millner warns the nation's economy is not as healthy as the latest figures, and some economists, would have you believe. As Mr Millner announced half year earnings fo..
The share market rose on the back of strong consumer confidence data in the US and higher commodity prices. The market gave up some gains in late trade, but most sectors rose, in particular the min..
Rising unemployment and weak consumer confidence are likely to put the brakes on rapidly rising house prices, a real estate data firm predicts. Consulting analyst with Onthehouse.com.au, John Edwar..
Westfield Group has secured $22 billion in funding for its plans to split its Australian and New Zealand operations from its international business. Under the plan, its Australian and New Zealand b..
