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Stocks to watch on the Australian stock exchange on Tuesday: AAC - AUSTRALIAN AGRICULTURAL COMPANY LTD - down two cents at $1.39 Beef producer Australian Agricultural Company does not expect the..
The Washington deadlock over raising the US debt ceiling sent stocks tumbling on Monday, as the August 2 date to avoid a government debt default grew closer with no deal in sight. The Dow Jones Ind..
Australian stocks closed firmer on Tuesday despite the debt impasse in the United States, and made up some of the lost ground from Monday's sell-off.At 1615 AEST on Tuesday, the benchmark S&P/ASX200 i..
Higher oil prices helped drive a surge in Oil Search's June quarter revenue, as its Exxon Mobil-led joint venture in Papua New Guinea progresses towards first production.Oil Search also on Tuesday sai..
Explosives maker Orica Ltd has reaffirmed that profit in fiscal 2011 will be higher than 2010. Net profit before individually material items for the 12 months to September would be higher than the ..
Beef producer Australian Agricultural Company (AACo) does not expect the live cattle trade to Indonesia to resume quickly but is still anticipating a profitable year. AACo on Monday booked a net lo..
Southeast Asia-focused miner PanAust has blamed a destructive wet season for rising costs and a decline in full year copper production.Copper concentrate production for calendar 2011 will be at the lo..
Workers at the world's biggest copper mine in northern Chile downed their tools over the weekend as part of an indefinite strike over unmet contract demands. About 2,300 workers of the Escondida mi..
Stocks to watch on the Australian stock exchange on Monday: AAC - AUSTRALIAN AGRICULTURAL COMPANY - down one cent at $1.41 Beef producer Australian Agricultural Company has agreed to sell its Me..
The Australian stock market is expected to open slightly higher on Monday despite a mixed performance in United States markets on Friday. On Wall Street on Friday, the Dow Jones Industrial Average ..
Fortescue Metals Group has foreshadowed a shake-out among iron ore producers as new global supply will sharply cut the price of the commodity from its near-record highs.New chief executive Neville Pow..
Profit margins are being squeezed as businesses are forced to absorb rising production costs in the face of weak consumer spending, economists say.The Australian producer price index (PPI), a measure ..
Grains marketer GrainCorp has boosted its malting operations, agreeing to buy a German maltster for an enterprise value of about $77 million.GrainCorp said the takeover of GermanMalt GmbH & Co would m..
The White House and top lawmakers are scrambling to reach a deal to save the world's richest country from a disastrous default on its debt.With global financial markets on edge, US President Barack Ob..
Mixed earnings reports - with General Electric and McDonald's beating expectations, while Caterpillar fell short - held back US markets on Friday, though Microsoft gave Nasdaq a solid boost.Caterpilla..
The White House says there is "momentum" toward a deal to avert a disastrous early August debt default, but has denied media reports that a compromise with top lawmakers may be imminent. President ..
Stocks to watch on the Australian stock exchange at close on Friday:AIZ - AIR NEW ZEALAND LTD - up 1.5 cents at 95 centsVBA - VIRGIN BLUE HOLDINGS LTD - up half a cent at 30.5 centsAir NZ chief financ..
Australia's 'terms of trade' most likely hit a new high in the June quarter as export price growth soared past prices paid for imports, figures show. The terms of trade is an index of the ratio o..
Commonwealth Bank of Australia (CBA) has elevated one of its New Zealand-born banking executives Ian Narev as its new chief executive, to replace compatriot Ralph Norris.But 44 year-old Mr Narev will ..
Ratings agency Standard & Poor's warned Thursday that the fight over the US debt ceiling could exacerbate the global tensions arising from Europe's troubled economies. S&P also reiterated t..
A roundup of news in finance, economics and business from around the world:INTERNATIONAL NEWSBRUSSELS - Eurozone leaders struck a deal worth 159 billion euros ($A211.59 billion) to save Greece from ba..
US stocks rallied on Thursday as eurozone leaders clinched a deal to bail out Greece, boosting financial stocks that had been battered in recent weeks by fears of a European debt crisis. The Dow Jo..
The big US banks showed signs of resilience in their second-quarter earnings, but the sluggish economy and fallout from the subprime mortgage debacle weighed on profits.Over the past week, Bank of Ame..
The US economy's spring slump appears to be extending into the summer, according to a slew of mixed data released on Thursday.Layoffs are rising. Manufacturing activity in the Northeast expanded only ..
Stocks to watch on the Australian stock exchange on Friday:FNP - FREEDOM NUTRITIONAL PRODUCTS LTD - steady at 34 centsFreedom Foods Group wants to exercise an option to take a further 18.7 million ful..
