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Downer EDI lifts first half profit

Engineering group Downer EDI says it is on track to meet its guidance for the full financial year as it cuts costs to offset a slide in earnings.

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US stocks sink more than 2%

US stocks fell two per cent after data showed that US manufacturing growth had slowed sharply with the ISM's PMI sinking to 51.3.

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Australian shares flat amid thin volumes

The share market has closed flat despite a boost from retailers, including JB Hi-Fi and Country Road which both posted strong profit gains

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RBA commodity price index at 45-month low

Australia's export commodity price index fell to a 45 month low in January, 26 per cent below its July 2011 peak.

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Aussie shares lag after US shares fall

The share market remains weaker after Wall Street fell sharply.

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Job ads fall, but at slower rate

The ANZ's job ads series fell in January, but the pace of decline is slowing and the jobs market is stabilising, ANZ's chief economist Ivan Colhoun says.

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