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US banking giant JPMorgan Chase expects to spend $US2 billion ($A2.22 billion) in annual compliance costs starting in 2014, chief executive Jamie Dimon says. The spending is double what the bank pr..
Billabong's new boss Neil Fiske insists his plan to revive the struggling surfwear label is different - and big investors seem to agree. In his first dozen weeks as chief executive, the former head..
The incoming chief executive of the Abbott government's scaled-back national broadband network says the technology behind the network rollout is not as important as its over-arching objective.NBN Co c..
Virgin Australia's largest shareholders Singapore Airlines, Etihad Airways and Air New Zealand will increase their stakes in the airline to almost 70 per cent as part of a $351.5 million capital raisi..
Australian stocks have defied a negative lead from Wall Street to start the local session slightly higher. CommSec market analyst Juliana Roadley said the negative sentiment from Wall Street, where..
US stocks have tumbled in a decline that analysts attribute to profit-taking after the equity market surge of 2013.The Dow Jones Industrial Average fell 129.60 (0.81 per cent) to 15,843,53.The broad-b..
Australian shares have weakened for the fifth consecutive session after a key consumer sentiment reading fell to a five-month low. The leading indices fell further when Holden announced it will cea..
Southern Cross Media Group has reached a deal with lenders to refinance $765 million in debt, as it tries to bring down its gearing levels. The TV and radio company said the new five year debt faci..
Mining giant Rio Tinto is still trying to find out what caused a toxic spill at its Rossing Uranium mine in Namibia - the company's second major radioactive incident this month. One of 12 leach tan..
The post-election glow has worn off, with consumer sentiment slumping to a five-month low. Consumer sentiment fell by 4.8 per cent to 105.0 points in December, from 110.3 in November, according to ..
The Australian share market has opened lower. At 1010 AEDT on Wednesday, the benchmark S&P/ASX200 index was down 11.5 points, or 0.22 per cent, at 5,132.1, while the broader All Ordinaries inde..
The Royal Bank of Scotland says its group finance director Nathan Bostock has "informed the board of his intention to resign", less than three months after taking the role. RBS said Nathan Bostock,..
Gas infrastructure provider APA Group has lifted its guidance for the 2014 financial year on the back of the strong performance of its assets and investments.APA also expects to pay lower interest cos..
BHP Billiton is backing the US gas boom to continue and says exports from there could start within three years, which could be bad news for Australia's rival projects.The onshore shale projects BHP co..
US stocks have ended lower as investors looked ahead to a retail sales report that covers the beginning of the critical holiday shopping season. The Dow Jones Industrial Average fell 52.40 points (..
Qantas shares have hit a record low as investors continue to desert the company because of its financial woes. Qantas shares were worth 96.5 cents at the close of trade on Tuesday, below the previo..
The Australian share market has closed almost flat, with investors running out of steam after a strong start. OptionsXpress market analyst Ben Le Brun said investors were still looking for assuranc..
The Australian stock market has pushed higher as bargain hunting investors take advantage of the previous day's sell-off. CMC Markets chief market analyst Ric Spooner said the local market had push..
Billabong's new boss has vowed to make the struggling surfwear brand cool again.Neil Fiske's seven-point plan to turn around the 40-year-old clothing retailer includes a 25 to 30 per cent reduction in..
Home loan approvals rose for the ninth time in 10 months as the housing sector strengthens, benefitting from record low interest rates.Home loan approvals rose 1.0 per cent in October, and the value o..
Seven Group Holdings subsidiary WesTrac China will pay $US130 million ($A143.13 million) to acquire Caterpillar Global Mining's distribution and support business in north-east China. WesTrac, which..
The US dollar has fallen against the euro as traders debate whether the Federal Reserve would move soon to reduce its huge monetary stimulus. The euro rose to $US1.3737 around 2200 GMT on Monday (0..
Dexus Property Group has upgraded its earnings guidance as a result of a buyback of securities and the net impact of Dexus' investment in the Commonwealth Property Office Fund (CPA).Dexus also says it..
The Australian market looks set to open flat following rises on international markets after surprisingly strong US jobs figures. At 0653 AEDT on Tuesday, the December share price index futures cont..
Australian shares have lost ground as insurance giant QBE's losses weighed on the financial sector. QBE shares fell more than 22 per cent after the company said it expects to post a $250 million lo..
