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A summary of trading in key commodities markets overseas: ENERGY World oil prices slumped as the euro tumbled close to a one-year US dollar low on the back of the eurozone debt crisis, and after..
A roundup of trading on major world markets: NEW YORK - US stocks and the euro sank as worries about Europe hang over financial markets. Energy companies fell hard as the price of crude oil plun..
For France to lose its triple-A debt rating would be bad news but "not a cataclysm", Foreign Minister Alain Juppe says, amid rumours a downgrade is imminent. Since the weekend, French officials hav..
Westpac says borrowers could face undersized interest rate cuts as credit for banks becomes more expensive because of rising wholesale funding costs. Westpac chief executive Gail Kelly on Wednesday..
Australian shares clawed back lost ground to end flat after the largest monthly fall in consumer confidence since 2008 dragged down markets. The Westpac/Melbourne Institute Index of Consumer Sentim..
One third of Fletcher Jones stores will close and 61 staff will lose their jobs as its administrator cuts costs in an attempt to sell the business. Administrator Cor Cordis said 15 of Fletcher Jone..
Shareholders of Tatura Milk Industries have approved a merger with Bega Cheese. Under the scheme approved on Wednesday, Tatura Milk redeemable preference shareholders will receive two Bega Cheese s..
The Australian economy will inevitably suffer spillover effects from the European government debt crisis, Reserve Bank of Australia Deputy Governor (RBA) Ric Battellino says. However, Mr Battellino..
Self-managed super fund trustees are set to benefit from the government's pledge to allow retail investors to trade government bonds on the Australian Securities Exchange. Federal Treasurer Wayne S..
Consumer confidence has fallen to its lowest level since August, despite two consecutive interest rate cuts by the central bank, a private survey has found. The Westpac/Melbourne Institute Index of..
Gas pipeline owner APA Group has made a $1.8 billion takeover offer for Hastings Diversified Utilities Fund (HDF), an investment fund with gas pipeline assets. APA Group already owns 20.7 per cent ..
Former AXA Asia Pacific chief executive Andrew Penn has been appointed chief financial officer at Telstra. Mr Penn replaces outgoing Telstra CFO John Stanhope, who leaves the telco at the end of De..
Stocks to watch on the Australian stock exchange on Wednesday: WBC - WESTPAC BANKING CORPORATION - down 46 cents to $20.83 Westpac will hold its annual general meeting in Sydney on Wednesday. ..
A roundup of trading on major world markets: NEW YORK - US stocks edged higher Tuesday after the previous day's big declines. Strong participation from buyers at a bond sale backing Europe's bailou..
Australian shares slumped in line with stock markets across Asia as warnings from two ratings agencies wiped out optimism that Europe's debt crisis may be nearing a resolution. Shares ended 1.4 per..
Australian 10-year-bond futures prices rose to a record high as disappointment set in over the outcome of last week's summit of European leaders. Eurozone leaders on the weekend agreed to sign a tr..
Dwelling starts have fallen to their lowest level in two years in another sign that the property market remains flat. Dwelling commencements in the September quarter fell 6.8 per cent from the June..
Business conditions improved slightly in November, thanks to a boost in mining, retail and services sectors, a survey has found. National Australia Bank's monthly business survey showed improvement..
Generation Y is far more financially savvy than they are given credit for, research shows. A survey of 2,300 Australians showed 64 per cent of people aged between 18 and 29 had drawn up a personal ..
Self-managed super fund asset growth has grown at twice the pace of that in the superannuation industry over the five years to June 2010, new figures show. Assets held by SMSFs increased by 122% ov..
Lend Lease has appointed Tony Lombardo as its new chief financial officer, effective immediately. A chartered accountant, Mr Lombardo worked for almost ten years at GE before joining Lend Lease in ..
Orica says it is producing ammonium nitrate at its Newcastle plant again after being allowed to restart some of its facilities last week. The chemical company was cleared to restart three nitric ac..
Stocks to watch on the Australian stock exchange on Tuesday: LEI - LEIGHTON HOLDINGS LTD - up 23 cents at $21.25 Leighton Holdings subsidiary Thiess has won a $140 million contract with Australi..
A roundup of trading on major world markets: NEW YORK - A warning that Moody's Investors Service will review all the credit ratings of all European nations doused investors' optimism about last wee..
Mortgage arrears stabilised during the September quarter and are expected to fall as the impact of the central bank's recent interest rate cuts reach borrowers, Fitch Ratings says.The global ratings a..
