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Aussie shares close higher

Australian shares closed firmer but trading volumes were thin as the market awaited news on leadership changes in Greece and Italy.

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Westfield says business solid despite mixed sales results

Westfield confirms full year financial guidance and says its shopping centres are in good shape despite mixed sales results to September.

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CBA’s funding costs rising

The Commonwealth Bank says funding costs could rise as a result of economic uncertainty in Europe.

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Record trade surplus will boost economic growth

Australia's economic growth will gain a modest boost from international trade in the September quarter, new statistics suggest.

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Iceland’s lesson: Europe should let banks go bust

Three years after Iceland's banks collapsed and the country teetered on the brink, its economy is recovering, proof that failing lenders must be let to go bust.

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Newcrest Mining to borrow US$1bn in long-term bonds

Newcrest Mining will borrow $US1 billion ($A966 million) in 10- and 30-year bonds to repay existing debt and fund some of the gold miner's major projects.

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