Stock Market

Australian stocks plunged to two-month lows, led by the resources sector, with $32 billion wiped from the value of the market as Greece's problems kept investor confidence at depressing lows.The benchmark ...

Spanish oil giant Repsol said Wednesday it had filed a class action lawsuit in a New York court against Argentina after the country nationalised the company's local unit YPF.The suit was filed on Tuesday ...

FBI chief Robert Mueller confirmed Wednesday that his agency had opened a "preliminary" probe into JPMorgan Chase's multibillion-dollar trading loss."All I can say is that we have opened ...

Stocks to watch on the Australian stock exchange at close on Wednesday:BHP - BHP BILLITON LTD - down $1.37 - or 4.04 per cent - at $32.49BHP Billiton chairman Jacques Nasser says the global miner will ...

Australian stocks closed at a two-month low, after one of its sharpest one-day percentage falls this year.The local bourse took its lead from much weaker European and US markets overnight, which dropped ...

US giant General Electric (GE) aims to increase its presence in the booming resources sector through a $700 million friendly takeover for Australian mining equipment-maker Industrea.Industrea shares jumped ...

India's rupee hit a record low against the dollar Wednesday and stocks fell nearly two percent as uncertainty over the eurozone debt crisis and weak domestic indicators hit Asia's third-largest economy.The ...

Sydney, Australia, May 16, 2012 - (ABN Newswire) - Padang Resources Limited (ASX:PXR.AX - News) is pleased to announce that it has secured the drill core and data from previous exploration undertaken on the Paser ...

With investors hungry for Facebook shares ahead of a hotly anticipated offering, the social network Wednesday unveiled a 25 percent increase in the number of shares to be sold at the market debut.The increase ...

Perth, Australia, May 16, 2012 - (ABN Newswire) - Perth-based clean power company Enerji Limited (ASX:ERJ.AX - News) has progressed with installation of the Opcon Powerbox at the Carnarvon Power Station with testing ...

Facebook on Wednesday boosted by 25 percent the number of shares for sale at its stock market debut, amid signs of strong investor demand for its initial public offering this week. The move by the Internet ...

Perth, Australia, May 16, 2012 - (ABN Newswire) - The Board of Directors of Coalspur Mines Limited (ASX:CPL.AX - News) present their report on the consolidated entity of Coalspur Mines Limited ("Coalspur" ...

Australian stocks were down close to two per cent at noon with the resources-linked sectors doing it toughest on a day of broad-based declines.At 1203 AEST on Wednesday, the benchmark S&P/ASX200 index ...

Stocks to watch on the Australian stock exchange at noon on Wednesday:CSR - CSR LTD - down two cents, or 1.2 per cent, at $1.67Building products group CSR fears Australia's housing construction industry ...

World stocks and the euro fell and borrowing rates for eurozone countries signalled alarm on Wednesday at new elections in Greece, prolonging agony for the eurozone.Inconclusive talks between German leader ...

Australian stocks have opened more than one per cent lower amid broad based declines as local market players took their cues from a poor night on Wall Street and ongoing troubles in Europe.At 1028 AEST ...

Financial markets might be volatile, but that is not stopping some investors from risking prison by insider trading.The Australian Securities and Investments Commission says there have been more breaches ...

China Mobile, the world's biggest mobile operator by subscribers, said Wednesday the company is in talks with Apple to offer the popular iPhone to its users in the Asian nation.The company's domestic rivals ...

India's rupee hit a record low against the dollar on Wednesday and stocks fell nearly two percent, as uncertainty over the eurozone debt crisis and weak domestic indicators hit Asia's third-largest economy.The ...

The CEO of JPMorgan Chase has offered a quick but blunt apology to shareholders for a $US2 billion ($A2.01 billion) trading loss that "should never have happened".CEO Jamie Dimon, who in recent ...

General Motors has confirmed that it is pulling its advertising from Facebook after determining that paid ads had little impact on consumers.GM has been spending about $10 million on paid advertising and ...

General Motors plans to stop advertising on Facebook because it determined paid ads had little impact on consumers, the Wall Street Journal reported Tuesday, citing people familiar with the matter.The ...

Amid signs of strong investor demand, Facebook has boosted the share price estimate for its stock market debut, giving the leading social network a value that could top $100 billion.

The Australian share market slipped today and the local currency remains under pressure as ongoing political uncertainty in Greece hits global markets.Greece faces new elections and a possible default ...

Under-fire JPMorgan Chase chief executive Jamie Dimon narrowly defeated a shareholder move to significantly curb his powers Tuesday, as his bank faced an FBI probe over a shock $2 billion loss.Days after ...

US President Barack Obama has up to $1 million in a JPMorgan Chase checking account, the White House said Tuesday as a controversy deepened over the bank's $2 billion dollar losses.Public figures in the ...

Amid signs of strong investor demand, Facebook on Tuesday boosted the share price estimate for its stock market debut, giving the leading social network a value that could top $100 billion.Facebook will ...

The US Justice Department has opened an investigation into JPMorgan Chase's more than $2 billion trading loss that the Wall Street bank announced last week, media reports said Tuesday.The Wall Street Journal, ...

Australian stocks fell to a weaker close, dragged down by heavy losses among the resource stocks.Investors worried about political and financial instability in Europe, including the future of the euro ...

Stocks to watch on the Australian stock exchange at close on Tuesday:CCA - COCA-COLA AMATIL - down 58 cents at $46.27Beverages supplier Coca-Cola Amatil (CCA) expects a higher underlying profit in the ...

Industry veteran Richard Cottee has taken up the reins as chief executive at conflict-ridden Central Petroleum, saying it's the company's massive exploration acreage that appeals to him.Mr Cottee takes ...

Tasmanian timber company Gunns has sold its Victorian sawmill for $28 million.The sale of the mill at Heywood completes the company's exit from native forest wood supply operations.Gunns also says it has ...

Perth, Australia, May 15, 2012 - (ABN Newswire) - Padang Resources Limited (ASX:PXR.AX - News) is pleased to announce that it has received local government approval required to gain access to the Paser Project permit ...