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Investor jitters over the looming prospect of a US sovereign debt default unleased a fresh wave of selling on the Australian share market. At 1615 AEST on Thursday, the benchmark S&P/ASX200 ind..
Coles has posted a weaker than expected fourth quarter food and liquor sales result amid declining prices and consumer confidence in financial 2011. But the grocery giant says its supermarkets grew..
Almost $467 million has been wiped off Macquarie Group's market value despite the investment bank sticking with its forecast of an improved full year net profit. In a first quarter update issued in..
The largest liquefied natural gas (LNG) sales agreement ever struck in Australia has been praised as a winner for workers and shareholders that will generate $7 billion a year. Origin Energy on Thu..
Consumer and industrial products supplier GUD Holdings expects a solid financial performance in the 2012 financial year despite difficult conditions in the Australian retail sector. GUD's brands in..
The United States lurched on Wednesday toward a potentially ruinous default or painful downgrade of its debt rating, as polarized politicians waged a see-saw battle with a key deadline six days away. ..
Sandfire Resources has secured a $75 million debt facility from ANZ Bank for its highly regarded $400 million DeGrussa copper and gold project in Western Australia. The project, 900km north-east of..
Workers at the world's biggest copper mine in northern Chile on Wednesday filed a legal complaint against their employer for "anti-union practices" as their strike over pay went into its sixth day.Abo..
Stocks to watch on the Australian stock exchange on Thursday. AGO - ATLAS IRON LTD - down 16 cents, or 3.81 per cent, at $4.04 Atlas Iron set new haulage and processing records in the June quart..
Australian shares are expected to open lower on Thursday after US stocks slumped overnight because of investor fears that the country's political standoff could force a default or downgrade of US s..
Atlas Iron set new haulage and processing records in the June quarter and is gaining exposure to the large Brazilian iron ore market by becoming the biggest shareholder in Centaurus Metals. The Pil..
Could the US lose its top credit rating even if a deal is reached to raise the debt limit? Market analysts and investors increasingly say yes. The outcome won't be quite as scary as a default, but ..
The Australian dollar has hit a record high of more than US$1.10 as a result of rising interest rate expectations brought on by a higher-than-expected rise in inflation in the June quarter. The con..
The White House has threatened that President Barack Obama will veto a current Republican two-step plan to resolve the US debt crisis if it is passed by US lawmakers. The Office of Management and B..
Gloucester Coal Ltd increased its fourth quarter sales by 16 per cent from a year earlier by taking advantage of the available port capacity.Total coal production rose to 612,000 tonnes in the three m..
The Australian stock market closed lower after the release of worse-than-expected inflation data and as the US debt ceiling stalemate continued. At 1615 AEST on Wednesday, the benchmark S&P/ASX..
Stocks to watch on the Australian stock exchange on Wednesday. ALS - ALESCO CORPORATION LTD - up 15 cents at $2.84 Alesco is confident of countering a forecast slump in housing construction this..
The Australian share market is expected to decline after US stocks fell on a White House threat to veto legislation that would avert a US debt default. But Australian resource stocks may gain after..
Shell's decision to shut down a Sydney refinery could cost 2200 jobs and threaten the reliability of oil supplies in NSW, a union says.Shell has announced it will convert the Clyde Refinery and Gore B..
Australand Property Group says it's well-placed to deliver on its earnings guidance in fiscal 2011 after the developer posted a 17 per cent first half profit in testing conditions.Chief executive Bob ..
The Australian dollar has surged ahead and broken through 109 US cents level, for the first time in three months. Just before 1300 AEST, the local unit climbed to 109.02 US cents, its highest level..
Whitehaven Coal has bounced back from extreme weather earlier this year, boosting coal production by 47% in the June quarter. The northern NSW-based miner produced 1.47 million tonnes of coal, comp..
Australian consumers have been saving and not spending in recent years, which is probably a good thing for the economy, the central bank governor says. The higher savings rate is the result of peop..
BHP Billiton has received approval from the US competition regulator for its $US15.1 billion ($A14 billion) takeover of shale gas company Petrohawk Energy. The approval came as the world's biggest ..
Australian stocks were higher at noon, despite the failure by the United States to resolve its debt-ceiling stalemate, which dragged Wall Street lower overnight. At 1200 AEST on Tuesday, the benchm..
