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The Australian share market closed weaker on profit-taking, led lower by the big miners and banks. At 1615 AEST on Thursday, the benchmark S&P/ASX200 index was 52.7 points, or 1.22 per cent, lo..
Investors face at least one more year of market volatility, the outgoing boss of ASX said after the share market operator posted a 7.4 per cent rise in full year profit. Chief executive Robert Elst..
Wesfarmers will embark on a $3 billion expansion plan this financial year as it shrugs off a hit from natural disasters and weak consumer sentiment. The owner of retailers Coles and Bunnings and co..
Foster's Group has again rejected a hostile $9.51 billion takeover bid by UK-based behemoth SABMiller plc, saying once more the offer price of $4.90 per share significantly undervalues the company. ..
Wealth manager AMP Ltd expects investor caution to remain for some time, meaning money will continue to be pulled from markets and placed in term deposits. The investment manager and Australia's la..
Stocks to watch on the Australian stock exchange on Thursday: ARP - ARB CORPORATION LTD - up 38 cents at $7.74 Shares in ARB Corporation surged by six per cent after the company posted a 16 per ..
A roundup of news in finance, economics and business from around the world: PARIS - France's President Nicolas Sarkozy and German Chancellor Angela Merkel have sent a joint letter to EU president H..
Property giant Goodman Group has returned to profitability and forecast earnings to rise 20 per cent this year on the back of its Asian and European businesses.The company has expanded its operations ..
Woodside Petroleum says its full-year production target remains on track and talks with other gas owners about buying volumes to underpin an expansion of its Pluto field were "active and maturing". ..
The Australian share market closed higher on Wednesday, buoyed by bargain-hunters who helped to make up ground from the previous day's loss. Official figures showing slower than expected wages grow..
OneSteel has flagged more job cuts and possible closures in its loss-making steelworks division after retrenching 400 workers, as the industry reels from weak demand and a high Australian dollar. T..
Total hourly rates of pay, excluding bonuses, rose by 0.9 per cent in the June quarter, official figures show.The wage price index rose 3.8 per cent, seasonally adjusted, from a year earlier, the Aust..
A roundup of trading on major world markets: NEW YORK - US stocks fell on Tuesday, snapping a three-session winning streak, after a Germany-France summit dashed hopes for immediate steps to resolve..
Stocks to watch on the Australian stock exchange on Wednesday:AGO - ATLAS IRON LTD - down 11 cents at $3.76Atlas Iron chief executive David Flanagan will press federal independent MPs about the govern..
The Reject Shop has reported a "disappointing" result as full year profit fell 31 per cent after the discount chain was caught in the fallout of the summer's natural disasters.Company chairman Bill St..
Shares in Brambles soared after announcing plans to offload its information management subsidiary Recall.The logistics group intends to use the proceeds to reduce debt and invest more than half a bill..
Shopping centre owner Westfield Group says it is looking beyond the current malaise in retail spending, pinning its hopes on its first foray into Italy and Brazil while the outlook for its US operatio..
Australian vaccine and drugs maker CSL has found itself an unwitting victim of the financial crisis gripping Greece.CSL revealed on Tuesday that the fallout from the crisis had spread to its balance s..
Boral's chief executive has defended the $530 million price the building materials company paid to buy the other half of its Asian plasterboard joint venture.Some analysts regard the price tag as too ..
The Australian share market closed lower, ending a three trading-day rally as investors pulled back in response to the local dollar rising in afternoon trade. The benchmark S&P/ASX200 index was..
Building products maker James Hardie Industries expects a higher operating profit in fiscal 2012 despite weak housing construction in Australia and the United States.Chief executive Louis Gries said n..
Wagering and gaming firm Tabcorp says its continuing businesses are well positioned, and the company is confident heading into the current financial year.Tabcorp, which demerged its casino operations ..
Copper and gold miner OZ Minerals remains on the hunt for acquisitions and has booked a 72 per cent slump in first half profit after spending $60 million settling a class action. Shares in the cash..
A new push by Westpac Banking Corporation to improve productivity is likely to result in job losses and outsourcing overseas.The country's second biggest bank plans to reconfigure its back office and ..
Stocks to watch on the Australian stock exchange at close on Tuesday:ANN - ANSELL LTD - up 54 cents at $13.68Ansell has increased full year profit by 2.7 per cent as the rubber gloves and condom maker..
