The Australian dollar and share market both had heavy losses today, but nothing compared to Japan's 7 per cent slump. Tokyo's benchmark Nikkei index has endured its biggest one-day fall in two years, with ...
Company News & Earnings
- Vale, Rio Tinto slammed over Mozambique resettlements AFP - 12 hours ago
Global mining giants Vale and Rio Tinto have neglected thousands of Mozambicans who have been moved from mining areas and resettled without proper homes or income, Human Rights Watch alleged on Thursday. ...
- Ford to halt car production in Australia in 2016 AFP - 19 hours ago
Ford announced Thursday it would cease making vehicles at its unprofitable Australian plants in 2016 and axe 1,200 jobs, ending an era that began in 1925 with the firm's first local car. Ford Australia ...
- UPDATE 4-Oil slips towards $103 on U.S. demand worries Reuters Australia - Wed, May 22, 2013 9:35 PM AEST
* Higher U.S. gasoline, crude stocks weigh on prices * Dollar index weaker but still near 34-month high * Investors await Federal Reserve meeting minutes * Coming up: EIA weekly crude stocks; 1430 GMT ...
- UPDATE 3-Brent dips towards $103 on U.S. demand worries Reuters Australia - Wed, May 22, 2013 6:51 PM AEST
* Higher U.S. gasoline, crude stocks weigh on prices * Dollar index weaker but still near 34-month high * Investors await Federal Reserve meeting minutes * Coming up: EIA weekly crude stocks; 1430 GMT ...
- Share market dips as investors await statement from Fed chairman Ben Bernanke ABC - Wed, May 22, 2013 6:30 PM AEST
The Australian share market has dipped slightly lower as investors nervously awaited the latest statement from US Federal Reserve chairman Ben Bernanke. Investors are looking for any signs of a move away ...
- Investment in resources set to fall dramatically ABC - Wed, May 22, 2013 5:17 PM AEST
The Federal Resources Minister says a predicted slump in mining investment is to be expected. Figures from government forecaster, the Bureau of Resources and Energy Economics, show that current mining ...
- UPDATE 2-Brent dips further below $104 on US summer demand worries Reuters Australia - Wed, May 22, 2013 5:12 PM AEST
* Higher crude, gasoline stocks weigh on prices * Weak dollar cushions prices * Federal Reserve meeting minutes awaited for cues * Coming up: EIA weekly crude stocks; 1430 GMT (Updates prices) By Ramya ...
- UPDATE 1-Brent dips further below $104 on US summer demand worries Reuters Australia - Wed, May 22, 2013 4:11 PM AEST
* Higher crude, gasoline stocks weigh on prices * Weak dollar cushions prices * Federal Reserve meeting minutes awaited for cues * Coming up: EIA weekly crude stocks; 1430 GMT (Adds quote, updates prices) ...
- Westpac-Melbourne Institute Index shows consumer confidence takes a hit from federal budget ABC - Wed, May 22, 2013 11:01 AM AEST
A widely watched index has found that consumer confidence took a hit from the federal budget. The Westpac-Melbourne Institute Index of Consumer Sentiment fell 7 per cent in May to 97.6 - below the critical ...
- Rinehart loses $7 bn but still Australia's richest AFP - Wed, May 22, 2013 9:38 AM AEST
Mining magnate Gina Rinehart had Aus$7 billion (US$6.8 billion) wiped off her fortune in the past year but remains Australia's wealthiest person, an annual rich list showed Wednesday. Rinehart, heiress ...
- Sprint lifts bid for Clearwire in broadband battle AFP - Tue, May 21, 2013 8:18 PM AEST
Sprint said Tuesday it was hiking its offer for the remaining shares of broadband service firm Clearwire, in the face of a rival bid from satellite TV group Dish Networks. Sprint, the number three US mobile ...
- Retrenched BlueScope workers 'ripped off' by Government rescue fund ABC - Tue, May 21, 2013 8:11 PM AEST
Steel workers are bitterly disappointed a Government rescue fund designed to ease the blow of job losses in the industry has failed to create hundreds of positions it promised to deliver. The $30 million ...
- Losses in industrial and retail stocks drag share market lower ABC - Tue, May 21, 2013 7:17 PM AEST
The share market has closed lower, with the biggest losses in industrial and retail stocks. The All Ordinaries index lost 0.6 per cent to 5,156, while the ASX 200 fell by the same amount to 5,180. There ...
- UPDATE 2-Brent holds near 2-week top around $105 on supply worries Reuters Australia - Tue, May 21, 2013 4:03 PM AEST
* Fresh conflict in Syria supports prices * Weak demand outlook, well supplied market weigh * Coming Up: API weekly crude stock report; 2030 GMT (Updates prices) By Ramya Venugopal CHENNAI, India, May ...
- UPDATE 1-Brent holds near 2-week top at around $105 on supply worries Reuters Australia - Tue, May 21, 2013 3:00 PM AEST
* Fresh conflict in Syria supports prices * Weak demand outlook, well supplied market weigh * Coming Up: API weekly crude stock report; 2030 GMT (Updates prices, adds quote) By Ramya Venugopal CHENNAI, ...
- AGL fined by ACCC over illegal door-to-door sales tactics ABC - Tue, May 21, 2013 12:17 PM AEST
The energy company AGL has been ordered to pay $1.56 million for using illegal door-to-door sales tactics, while the marketing company that carried out the sales, CPM Australia, has been ordered to pay ...
- Santos plugs outback oil leak ABC - Tue, May 21, 2013 11:24 AM AEST
Santos says it will begin assessing environmental damage from an oil leak in Queensland's far south-west. Spokesman Matt Doman says the leak was plugged yesterday afternoon with the help of a team of specialists ...
- Burberry profits drop on exceptional charge AFP - Tue, May 21, 2013 9:20 AM AEST
British luxury clothing and accessories maker Burberry said on Tuesday that annual net profits fell 3.4 percent after it took a large exceptional charge. Earnings after tax slid to £254.3 million in 12 ...
- Bauxite Resources Limited (ASX:BAU) Commencement of New Chief Executive Officer ABN Newswire - Mon, May 20, 2013 8:40 PM AEST
Perth, Australia, May 20, 2013 - (ABN Newswire) - Bauxite Resources Ltd (ASX:BAU) refers to its announcement of 11 February 2013 regarding the appointment of Mr Peter Canterbury as Executive Director and ...
- Tumblr deal sparks talk on next big tech target AFP - Mon, May 20, 2013 8:16 PM AEST
The billion-dollar deal for Tumblr has stirred talk on the next big acquisition target in the sector, with cash-rich tech giants looking for the next potential star. Yahoo!'s blockbuster deal for the popular ...
- Big four banks continue record run on market ABC - Mon, May 20, 2013 6:31 PM AEST
A broad-based rally in nearly every sector pushed the share market higher today, with only healthcare stocks edging lower. The market jumped at the open after another record close for Wall Street overnight, ...
- Broad gains lift share market higher ABC - Mon, May 20, 2013 11:54 AM AEST
The Australian share market has climbed more than 1 per cent in early trade on broad based gains. Three-quarters of companies on the ASX 200 were higher around 11:25am (AEST), pushing the index 1.1 per ...
- Yahoo! to buy blog-maker Tumblr for $1.1 bn AFP - Mon, May 20, 2013 11:00 AM AEST
Yahoo!'s board has approved a deal to purchase the popular blogging platform Tumblr for $1.1 billion in cash, The Wall Street Journal reported. The deal, if confirmed, would be the largest for Yahoo! since ...
- Qantas 'crippling' the Territory ABC - Mon, May 20, 2013 9:23 AM AEST
Qantas is crippling the Territory's tourism industry, the national Transport Workers Union has said. The airline cancelled its seven flights a week to Central Australia, as well as direct flights between ...
- Yahoo! to buy blog-maker Tumblr for $1.1 bn: report AFP - Sun, May 19, 2013 8:38 PM AEST
Yahoo!'s board has approved a deal to purchase the popular blogging platform Tumblr for $1.1 billion in cash, The Wall Street Journal reported Sunday. The deal, if confirmed, would be the largest for Yahoo! ...
- Yahoo! sets event amid Tumblr talk AFP - Fri, May 17, 2013 9:33 PM AEST
Yahoo! scheduled a news conference Monday amid reports it was in talks with the popular blogging platform Tumblr about an acquisition or strategic alliance. The California tech giant offered no details ...
- Firm's exclusion from Bendigo hospital tender unlawful, court rules ABC - Fri, May 17, 2013 9:07 PM AEST
The Federal Court has ruled the Victorian Government's exclusion of a major construction company from building the Bendigo Hospital was unlawful. The Construction, Forestry, Mining and Energy Union (CFMEU) ...
- Fall in Aussie dollar boosts local market ABC - Fri, May 17, 2013 7:45 PM AEST
The local share market benefitted from the sharp slide in the dollar today. The All Ordinaries added a third of a per cent to 5,160 and the ASX 200 matched that gain to 5,181. The dollar has fallen by ...
- US improvement main reason for Aussie dollar dive ABC - Fri, May 17, 2013 5:14 PM AEST
Currency analysts say renewed confidence in the US economic recovery is combining with increasing worries about Australia's economic outlook to push the local currency down against the greenback. The Australian ...
- Wesfarmers hit as Target earnings miss the mark ABC - Fri, May 17, 2013 12:49 PM AEST
Target's full-year earnings could fall by as much as 43 per cent because of weak sales, price discounting and restructuring costs. Wesfarmers is the conglomerate which owns Target, and it says the retailer's ...
- WorleyParsons cuts profit guidance AAP - Fri, May 17, 2013 10:20 AM AEST
Engineering giant WorleyParsons has cut its profit guidance because of delays to major resources projects. The company expects to make a net profit in the range of $320 million and $340 million in the ...
- Miners falling short on Indigenous consultation: Oxfam ABC - Fri, May 17, 2013 10:00 AM AEST
A major aid agency says Australia's resources companies are not being open enough about how they gain the consent of Indigenous land owners at their overseas mining projects. A study by Oxfam Australia ...
- Rio Tinto puts largest 'red' diamond on market AFP - Fri, May 17, 2013 8:04 AM AEST
Rio Tinto said Friday it was putting up for sale the biggest "red" diamond ever produced by its Australian mine amid an "explosion" in demand from Asia for the rare pink-hued stones. ...
- Dell profits plunge on PC woes AFP - Thu, May 16, 2013 9:30 PM AEST
US computer giant Dell said Thursday its quarterly profit plunged 79 percent from a year ago, as a shift away from PCs hammered the company's bottom line. The net profit for the first fiscal quarter slumped ...