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Business News
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Dollar falls from six-month highMon, 06 Feb 2012 08:00:29 GMTTHE dollar has fallen back from a six-month high on weak domestic retail figures and news that greek debt negotiations had stalled.
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Australian stocks close higherMon, 06 Feb 2012 07:38:48 GMTTHE Australian share market market has closed higher after better than expected US jobs figures
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Worst retail figures since 1984Mon, 06 Feb 2012 06:32:23 GMTA SIGNIFICANT number of retail jobs could be lost after new figures showed spending fell in the sector over Christmas, a retailers group says.
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Dollar pares gains on GreeceMon, 06 Feb 2012 06:05:39 GMTTHE Australian dollar gained on surprisingly strong US employment data, but mixed economic reports in Europe trimmed gains.
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Stocks jump on US labour dataMon, 06 Feb 2012 05:38:00 GMTMINERS led the sharemarket to a 1 per cent gain today after a three-year low in US joblessness sparked investor optimism.
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Open door to PEP marks SpotlessMon, 06 Feb 2012 05:33:54 GMTTHE Spotless Group-Pacific Equity Partners stalemate is finally over. For now.
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Greenback has grip on yuanMon, 06 Feb 2012 04:55:02 GMTONE variable remains free of Beijing control in the yuan-dollar exchange rate debate: the value of the greenback itself.
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Perpetual 'adrift' as CEO departsMon, 06 Feb 2012 04:27:22 GMTANALYSTS say the exit of Perpetual chief Chris Ryan following a disagreement with the board leaves the firm "adrift".
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Xenophon ridicules Qantas claims of riskMon, 06 Feb 2012 04:24:14 GMTCLAIMS by Qantas that paying foreign crew domestic wages a threat to its operations "ridiculous", says senator.
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Facebook IPO spins small webMon, 06 Feb 2012 04:15:06 GMTMOST clients of independent broker-dealers and investment advisers will be lucky to get a few crumbs at the table of Facebook's IPO.
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RBA rate decision 'a close call'Mon, 06 Feb 2012 03:15:28 GMTA FALL in retail sales, sluggish inflation and a jump in job advertisements gave a mixed picture of the Australian economy today.
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Stocks jump on US labour dataMon, 06 Feb 2012 05:38:00 GMTMINERS led the sharemarket to a 1 per cent gain today after a three-year low in US joblessness sparked investor optimism.
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Spotless opens books to PEPMon, 06 Feb 2012 02:50:36 GMTACTIVIST shareholders have scored a win after the Spotless board agreed to open the books for Pacific Equity Partners.
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Perpetual 'adrift' as CEO departsMon, 06 Feb 2012 04:27:22 GMTANALYSTS say the exit of Perpetual chief Chris Ryan following a disagreement with the board leaves the firm "adrift".
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Law changes threaten Qantas: JoyceMon, 06 Feb 2012 04:00:56 GMTQANTAS warns it may consider selling its low-cost carrier Jetstar if proposed legislative changes aimed at the group are successful.
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Extract still seeks other suitorsMon, 06 Feb 2012 01:47:45 GMTEXTRACT Resources said it was still seeking alternative options after China inched closer to making a takeover offer.
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Facebook IPO spins small webMon, 06 Feb 2012 04:15:06 GMTMOST clients of independent broker-dealers and investment advisers will be lucky to get a few crumbs at the table of Facebook's IPO.
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China Premier sells EU supportSun, 05 Feb 2012 21:35:30 GMTCHINESE Premier Wen Jiabao offered a forceful justification for helping Europe out of its debt crisis.
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Innovation key to survival in retailSun, 05 Feb 2012 13:00:00 GMTIT all began with a phone call: Kmart told McPherson's it was dropping some of its houseware products in favour of its private label.
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Asset sales power Packer's CPH profitSun, 05 Feb 2012 13:00:00 GMTMORE than $300 million of asset sales and increased gaming profits helped James Packer's private company to robust profits.
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Dollar pares gains on GreeceMon, 06 Feb 2012 06:05:39 GMTTHE Australian dollar gained on surprisingly strong US employment data, but mixed economic reports in Europe trimmed gains.
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Stocks jump on US labour dataMon, 06 Feb 2012 05:38:00 GMTMINERS led the sharemarket to a 1 per cent gain today after a three-year low in US joblessness sparked investor optimism.
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Greenback has grip on yuanMon, 06 Feb 2012 04:55:02 GMTONE variable remains free of Beijing control in the yuan-dollar exchange rate debate: the value of the greenback itself.
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Shares rally after US jobs jumpMon, 06 Feb 2012 01:34:40 GMTMINERS led sharp gains for the Australian share market today after a strong US jobs report helped boost investor sentiment.
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Stocks jump after US dataSun, 05 Feb 2012 23:32:38 GMTAUSTRALIAN shares jumped today after a stellar US jobs report helped to buoy investor sentiment.
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Dollar fades from six-month highSun, 05 Feb 2012 21:23:30 GMTTHE Australian dollar faded from a six-month peak but remained slightly higher, reflecting positive US jobs data.
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Investors nervous as results startSun, 05 Feb 2012 13:00:00 GMTBANKS will be the first to front the market as the reporting season kicks off this week.
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US to give bourse a liftSun, 05 Feb 2012 13:00:00 GMTEQUITIES are expected to rally more than 1 per cent today but the tone for the rest of the week is less certain.
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Gold slips as investors cash inFri, 03 Feb 2012 23:42:17 GMTGOLD futures fell 1 per cent today as some investors moved to cash in recent gains.
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Outlook for oil strong amid risesFri, 03 Feb 2012 23:36:44 GMTOIL futures have risen sharply, boosting expectations that demand from the US, the world's biggest oil consumer, will improve.
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Downer in $570m Karara mine winMon, 06 Feb 2012 13:00:00 GMTDOWNER EDI has been awarded a $570 million contract with Karara Mining for its magnetite iron ore project in Western Australia.
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Billion-dollar deals thin on groundMon, 06 Feb 2012 13:00:00 GMTMERGER and acquisition activity in the mining sector is expected to be dominated by smaller transactions this year.
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Xstrata deal fires up talkfestMon, 06 Feb 2012 13:00:00 GMTMINING executives from around the world have converged on Cape Town for the annual indaba, or conference.
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Premium the key to mega-merger dealMon, 06 Feb 2012 13:00:00 GMTGLENCORE'S long-baked plan to merge with its 34 per cent-owned Xstrata is close to fruition.
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Red 5 pours first Siana goldMon, 06 Feb 2012 03:24:06 GMTGOLD miner Red 5 today reported pouring first gold and silver at its $US75 million Siana project in the Philippines.
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Extract still seeks other suitorsMon, 06 Feb 2012 01:47:45 GMTEXTRACT Resources said it was still seeking alternative options after China inched closer to making a takeover offer.
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Few $1bn-plus miner deals in 2012Mon, 06 Feb 2012 00:00:00 GMTMERGER and acquisition activity in Australia's mining sector is tipped to be dominated by smaller transactions this year.
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Deal unnerves Xstrata holdersSun, 05 Feb 2012 21:58:29 GMTTALK of the $75bn-plus Xstrata-Glencore merger has some Xstrata shareholders concerned that it looks "uncomfortably cozy".
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How Glencore and Xstrata nailed dealSun, 05 Feb 2012 13:00:00 GMTTUCKED in a corner of the Google bar at Davos, Ivan Glasenberg was in cracking form.
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Boom port homes to attract doctorsSun, 05 Feb 2012 13:00:00 GMTTHE booming mining town of Port Hedland is so desperate to attract doctors it has started building an enclave of new ocean-front homes.
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Gold slips as investors cash inFri, 03 Feb 2012 23:42:17 GMTGOLD futures fell 1 per cent today as some investors moved to cash in recent gains.
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Outlook for oil strong amid risesFri, 03 Feb 2012 23:36:44 GMTOIL futures have risen sharply, boosting expectations that demand from the US, the world's biggest oil consumer, will improve.
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Optimism lifts copper futuresFri, 03 Feb 2012 23:05:40 GMTCOPPER futures roared higher today amid strong US employment figures, boosting investor confidence.
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Oil tumbles on weak demandThu, 02 Feb 2012 21:01:40 GMTUS crude oil futures tumbled to a fresh six-week low, falling below $US97 for the first time since December 19.
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Gold jumps on Bernanke signalsThu, 02 Feb 2012 20:55:17 GMTGOLD futures gained for the sixth time in seven sessions, settling at the highest level in 11 weeks.
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Copper slumps on Bernanke lectureThu, 02 Feb 2012 20:26:02 GMTCOPPER futures slumped 1.6 per cent overnight as stern words from Federal Reserve Chairman Ben Bernanke spooked some investors.
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Oil slumps on higher inventoriesWed, 01 Feb 2012 21:05:21 GMTOIL finished at its lowest level in more than a month as US oil inventories rose more than expected and demand sank.
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Gold rises on weaker US dollarWed, 01 Feb 2012 20:57:01 GMTGOLD climbed to the highest level in almost two months as investors sought the metal as an alternative to the slipping US dollar.
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Copper higher on strong US dataWed, 01 Feb 2012 20:49:48 GMTCOPPER futures ended higher as a spate of stronger US economic data fanned investor interest in the growth-sensitive asset.
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Oil lower ahead of inventory riseTue, 31 Jan 2012 21:42:06 GMTCRUDE oil futures settled weaker overnight ahead of inventory data expected to show a rise in already high US crude oil inventories.
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US deficit biggest problem: GormanMon, 27 Jun 2011 14:00:00 GMTTHE biggest issue facing global markets is not Greece but the $1.5 trillion US budget deficit, Morgan Stanley chief James Gorman says.
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MacBank expands Asia bond operationMon, 27 Jun 2011 14:00:00 GMTMACQUARIE is expanding its bond and loan arranging business in Asia, as sales of so-called "dim sum" notes surge.
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MySuper deadlocked on priceMon, 27 Jun 2011 14:00:00 GMTMULTIPLE pricing for MySuper funds remains a sticking point in negotiations over the federal government's superannuation reforms.
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Swan bats off fears of global downturnMon, 27 Jun 2011 14:00:00 GMTWAYNE Swan has talked up the economy's capacity to withstand another global downturn, but warned it was "not immune".
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Debt levels cast shadow on the WestMon, 27 Jun 2011 05:34:39 GMTAROUND the globe, the inability of governments and households to reduce their debt continues to cast a shadow over Western economies.
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Greek troubles worry frugal GermansMon, 27 Jun 2011 02:28:19 GMTTO better understand Germans' unease over subsidising their southern neighbours, consider Berliner Niko Strogies.
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EU has 'limited options' for GreeceMon, 27 Jun 2011 01:22:12 GMTAXEL Weber says Europe needs to consider guaranteeing all Greece's outstanding debt because the only viable alternative is a messy default.
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IOOF and DKN lock in schemeSun, 26 Jun 2011 23:38:44 GMTIOOF Holdings and DKN Financial Group have entered into a scheme of arrangement through which IOOF will acquire DKN for 80 cents a share.
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French plan for Greek debtSun, 26 Jun 2011 23:27:29 GMTFRENCH banks have proposed a plan to reinvest half the proceeds from maturing Greek government bonds, as part of a new bailout for Greece.
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Age of cheap money must end: BISSun, 26 Jun 2011 21:49:57 GMTRISING labour costs in emerging countries threaten to set off a global inflationary spiral similar to the one triggered in the 1970s.
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Wall St bounces on banks, MicrosoftMon, 27 Jun 2011 20:46:27 GMTUS stocks closed sharply higher today as financial stocks jumped on banking capital requirements that were less onerous than expected.
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Gold price edges below $US1500Mon, 27 Jun 2011 20:14:35 GMTGOLD edged below $US1500 as a pause in the escalation of worries about Greek debt curbed investor demand for a safe place to park cash.
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Copper falls 1.2pc on China concernsMon, 27 Jun 2011 20:04:14 GMTCOPPER prices fell amid uncertainty surrounding the resolution of the Greek debt crisis and renewed doubts about Chinese demand.
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Oil dips on Greek crisis, US worriesMon, 27 Jun 2011 19:58:07 GMTUS oil futures fell slightly in thin trading today, as concerns about Greece's debt crisis and US demand kept a lid on prices.
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$A falls to two-month lowMon, 27 Jun 2011 06:27:01 GMTTHE Australian dollar fell to its lowest levels in more that two months today ahead of a pivotal vote on austerity measures in Greece.
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Stocks fall 1pc on Greek debt anxietyMon, 27 Jun 2011 06:25:00 GMTTHE Australian sharemarket fell more than 1 per cent as investors awaited a Greek parliamentary vote on measures to cut high debt levels.
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Shares fall on debt contagion fearsMon, 27 Jun 2011 06:25:00 GMTAUSTRALIAN shares were sharply lower on renewed investor concern over Greek debt, which also pulled the local dollar to a two-month low.
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Euro hits low as contagion fears spreadSat, 25 Jun 2011 00:00:16 GMTEURO-zone debt worries have reached Italy as contagion fears pushed the euro to an all-time low against the Swiss franc.
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Europe woes see Dow fall againFri, 24 Jun 2011 23:41:26 GMTTHE Dow industrial has dropped on worries about Italian banks, Greece's austerity measures and disappointing technology earnings.
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EU foils Greek bid to dilute austerity planFri, 24 Jun 2011 12:50:00 GMTEU leaders fended off a Greek bid to water down the austerity and privatisation package that is the price for new aid.
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Bankers hope for Greek debt plan soonMon, 27 Jun 2011 21:54:32 GMTEUROPEAN bankers hope to come up with the principles of a plan for Greece's debt crisis by July 3.
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Debt levels cast shadow on the WestMon, 27 Jun 2011 05:34:39 GMTAROUND the globe, the inability of governments and households to reduce their debt continues to cast a shadow over Western economies.
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Greek troubles worry frugal GermansMon, 27 Jun 2011 02:28:19 GMTTO better understand Germans' unease over subsidising their southern neighbours, consider Berliner Niko Strogies.
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EU has 'limited options' for GreeceMon, 27 Jun 2011 01:22:12 GMTAXEL Weber says Europe needs to consider guaranteeing all Greece's outstanding debt because the only viable alternative is a messy default.
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French plan for Greek debtSun, 26 Jun 2011 23:27:29 GMTFRENCH banks have proposed a plan to reinvest half the proceeds from maturing Greek government bonds, as part of a new bailout for Greece.
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Chinese property risks fuel concernsSun, 26 Jun 2011 22:41:31 GMTA RECENT decline in Chinese real estate prices is starting to shake confidence in the country's economic vitality.
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EU foils Greek bid to dilute austerity planFri, 24 Jun 2011 12:50:00 GMTEU leaders fended off a Greek bid to water down the austerity and privatisation package that is the price for new aid.
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Home-lending pioneer revisits sub-primeFri, 24 Jun 2011 04:12:02 GMTLEWIS Ranieri, once known as the father of mortgage finance, is daring to revisit the most infamous sector of that market - sub-prime lending.
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Google faces US competition probeThu, 23 Jun 2011 22:51:33 GMTGOOGLE is facing a wide-ranging, formal investigation in the US into whether the internet-search giant has abused its dominance on the web.
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Class warThu, 23 Jun 2011 00:51:39 GMTA NEW film satirises the ridiculous lengths New York parents go to secure places for their kids in exclusive kindergartens.
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