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Australian shares rose more than one per cent after US data topped market expectations and a debt deal from Europe boosted hopes for the global economy. European leaders on Friday agreed to enforce..
Falling commodity prices and growing demand for imports saw Australia's trade surplus narrow in October. The trade surplus narrowed to $1.595 billion in October compared to $2.249 billion for the p..
Whitehaven Coal will buy billionaire Nathan Tinkler's Aston Resources to form Australia's largest independent coal company worth $5.1 billion. The takeover, which values Aston at about $2.25 billio..
China Petrochemical Corp (Sinopec) has paid about $1 billion to increase its stake in the Australia Pacific liquefied natural gas (LNG) project. It has also agreed to buy another 3.3 million tonnes..
Home loans by value fell in October and remained flat over the year, suggesting the housing sector remains stagnant. The Australian Bureau of Statistics (ABS) said on Monday that total housing fina..
News Ltd chief operating officer Peter Macourt is leaving the media company at the end of the year. Mr Macourt had been responsible for overall management of News Ltd's complex and diverse operatio..
Qantas is continuing with plans to establish a premium Asian airline despite its own gloomy outlook for the global economy. Already under pressure from its loss-making international operations, Qan..
Wesfarmers anticipates a $190 million writedown in its Coregas business as a result of amendments to its contracts with BlueScope Steel. The gas company is in negotiations with BlueScope for the su..
(Reissues to correct day reference in first par) SYDNEY, Dec 12 AAP - Stocks to watch on the Australian stock exchange on Monday: AGK - AGL ENERGY LTD - down 17 cents at $14.42 Hunter Valley ..
A roundup of trading on major world markets: NEW YORK - A deal to forge stronger ties between most of Europe's economies sent stocks sharply higher Friday as hopes grew that the region is close to ..
Leaders of 23 European countries desperate to save the continent's shared currency agreed in all-night talks Friday to surrender some sovereignty in a new treaty - but failed to get all 27 European Un..
Australian shares ended near their lowest point this month as investors took cash off the table ahead of a weekend of crunch talks on the future of the eurozone. Shares closed more than 1.8 per cen..
Ten Network chairman Brian Long says conditions in the advertising market are still difficult and were expected to remain so, although December has provided some encouraging signs. Mr Long said the..
Harvey Norman says it did not knowingly mislead consumers when it advertised 3D televisions in regional areas where such broadcasts were not available, although a court has found otherwise. The ret..
BlueScope Steel has applied for $100 million of industry assistance from the federal government. BlueScope said it had applied for the money under the government's Steel Transformation Plan, design..
French President Nicolas Sarkozy has labelled "unacceptable" a set of conditions imposed by British Prime Minister David Cameron for the latter to back full EU treaty change. "We would have preferr..
Turmoil in global financial markets is making multi-sector funds more attractive for investors who are no longer willing to risk putting all their eggs in one basket, according to research by Standard..
Telstra has set out how it will offer equivalent services to other telcos, as it seeks competition regulator approval for its broadband network deal with the government. The nation's largest telco ..
Toll road operator Transurban has refinanced $375 million of debt maturing in August 2012 with a new bank facility. The new facility was in two tranches, with $215 million maturing in February 2015..
Stocks to watch on the Australian stock exchange on Friday: ANZ - ANZ BANKING GROUP LTD - down 11 cents at $21.13 CBA - COMMONWEALTH BANK OF AUSTRALIA - down 49 cents at $49.68 NAB - NATIONAL..
A roundup of trading on major world markets: NEW YORK - US stocks fell sharply after the head of the European Central Bank said there was no existing plan for large-scale government bond purchases,..
All four big banks have passed on the full central bank rate cut, saying they want to support customers in a tough economic period even though their own costs are rising. ANZ has also moved to avoi..
Woodside Petroleum has approved development of the $2.5 billion Greater Western Flank Phase 1 gas project off the north-west coast, but softer oil prices sent its shares lower. Woodside shares fini..
Iluka Resources shares jumped after the minerals sands miner secured a near doubling in the price for rutile. Iluka shares finished up 89 cents, or 5.64 per cent, at $16.68 after almost 12 million ..
Australian shares fell after disappointing jobs data added to an already-muted market tone as investors awaited the outcome of the eurozone debt crisis summit. Energy stocks posted the biggest loss..
