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A roundup of trading on major world markets: NEW YORK - US stocks closed higher overnight following strong bank earnings and a decline in applications for unemployment benefits. The Dow Jones in..
Gas pipeline owner Hastings Diversified Utilities Fund (HDF) says it is already a profitable company that does not need rival APA Group and has rejected what it calls an opportunistic bid. APA Grou..
Australian shares have trimmed early gains to close flat after disappointing jobs data weighed on optimism driven by strong energy results. At the close on Thursday, Australia's benchmark S&P/A..
Woodside Petroleum has beaten its full year production forecast after oil assets performed strongly, while high prices boosted revenue by 15 per cent. Shares in the company were sold down, however,..
Australia's third largest oil and gas producer Santos is confident of an increase in production this year after it fell in 2011. It blamed heavy flooding in South Australia's Cooper Basin during th..
Beach Energy has renegotiated a royalty agreement with Exxon Mobil subsidiary Esso Australia and resolved a related claim that Beach described as a win-win result. The royalty agreement relates to ..
Australia's jobs market is still weakening, official figures show, adding to the case for an interest rate cut next month, economists say. Data from the Australian Bureau of Statistics (ABS) on Thu..
Shares in Lynas Corporation have surged 3.8 per cent as investors speculated that the rare earths miner will be granted the go-ahead on its lucrative Malaysian facility. Lynas wowed the market this..
EBay says its net income grew sharply in the fourth quarter, helped by a gain from the sale of its remaining investment in Skype. Its results, released on Wednesday, beat Wall Street's expectations..
Stocks to watch on the Australian stock exchange early on Thursday: BHP - BHP BILLITON LTD - up 30 cents at $37.00 BHP Billiton expects to beat its full-year iron ore targets after first-half pr..
A roundup of trading on major world markets: NEW YORK - Wall Street closed higher following solid economic data and reports that the International Monetary Fund could get more cash to help countrie..
The International Monetary Fund (IMF) says it's aiming to increase its financial firepower by around $US500 billion ($A483.35 billion) so it can give out new loans to help mitigate a worsening financi..
BHP Billiton is poised to post a fresh first-half profit record after reporting a surge in iron ore production at its Pilbara mines in Western Australia to new heights. The mining giant on Wednesda..
Australian shares edged up marginally to a fresh five-week high as upbeat mining figures and hopes for a Greek debt deal dragged shares out of the doldrums. At the close on Wednesday, the benchmark..
OZ Minerals has rejected criticism that it is taking too long to find new projects before its flagship Prominent Hill mine runs out of copper. The copper and gold miner faced sustained questions fr..
Department store operator David Jones has cast aside a difficult Christmas trading season and industry doom and gloom to announce the opening of a new store in a high-growth area of Brisbane. The u..
Wesfarmers expects a big drop in first-half earnings from its insurance division because of a large number of natural disasters and is to reduce its exposure to higher hazard area and industries in re..
Recent interest rate cuts by the Reserve Bank of Australia (RBA) have failed to lift consumer confidence, says Westpac. The RBA reduced the cash rate by 25 basis points in November and again by the..
Sales of new motor vehicles in Australia fell 2.9 per cent in December, official data shows. The Australian Bureau of Statistics (ABS) on Wednesday said new vehicle sales fell to 84,403 units in De..
A summary of trading in key commodities markets overseas: PRECIOUS METALS Gold climbed one per cent on Tuesday to its highest price in five weeks, rising in tandem with the euro and equities on tech..
Stocks to watch on the Australian stock exchange early on Wednesday: AKI - AFRICAN IRON LTD - steady at 56 cents CFE - CAPE LAMBERT RESOURCES LTD - up 0.5 cents at 55.5 cents African Iron's m..
A roundup of trading on major world markets: NEW YORK - US stocks are rose overnight on signs of resilience in Europe's debt markets and an encouraging report on growth in China. Debt auctions b..
Australian shares closed at their highest level in five weeks after better than expected Chinese economic growth buoyed already optimistic investor sentiment, after a successful French debt auction ov..
China appears on track to avoid an abrupt economic slowdown with possible global repercussions after growth eased to a still robust 8.9 per cent in the last quarter of 2011.The expansion in the world'..
South Korea's Samsung Group has announced it would invest a record 47.8 trillion won ($A40.42 billion) this year and hire an all-time high of 26,000 new employees despite global economic gloom. The..
