Local stocks closed at highs not seen since April today, underpinned by stronger commodity prices and takeover activity. In thin trade, the All Ordinaries Index (XAO) rose 18.6pts or 0.4pct to finish at 4888.2.
Sharon Olalia Dec 23, 2010
High-end home prices in Australia declined by 7.5 percent in the six months to September says real estate researcher RP Data.
Admin System Dec 23, 2010
Australian companies appear to be concealing the more pertinent information when they file their annual business reports as the Australian Securities and Investments Commission (ASIC) observed on its review that corporate declarations are lacking in quality.
Erik Pineda Dec 23, 2010
Specialist investment manager, AMP Capital Investors has bought a prime Sydney central business district space located at 50 Park Street specifically for its Select Property Portfolio No. 3 fund.
Admin System Dec 23, 2010
Australian-based OneSteel Ltd (ASX:OST) says it has met all regulatory conditions to buy the Moly-Cop and AltaSteel businesses from global mining group Anglo American.
Sharon Olalia Dec 23, 2010
Anglo-Australian Rio Tinto (ASX:RIO) says it has completed a 100 per cent divestment of its equity holdings in US collier Cloud Peak Energy Inc. through a fully exercised over allotment in connection with a recently announced secondary offering.
Sharon Olalia Dec 23, 2010
Resource giant Rio Tinto Group (ASX: RIO) has agreed to buy Australian-listed coal miner Riversdale Mining Ltd (ASX: RIV) for A$16 a share, in a deal which values the target at around $3.9 billion.
Sharon Olalia Dec 23, 2010
Foster's Group Ltd (ASX:FGL) says its Carlton & United Breweries (CUB) and Carlsberg Group have extended a long-term exclusive licence to sell the Danish brewer's brands in Australia.
Sharon Olalia Dec 23, 2010
Local stocks are managing to hold on to six week highs, although trading volumes are light.
Admin System Dec 23, 2010
Giant telecommunication firm Telstra Corporation is writing down some $138 million in carrying value of its Octave business operation in China, which mainly deals on giving out technical services and providing phone content to mobile platforms.
Erik Pineda Dec 23, 2010
Next week's release of $100 billion US Treasury bonds weighed on the Australian bond market as it opened weaker today.
Admin System Dec 23, 2010
The Australian dollar remains well supported despite further bad news out of Europe overnight.
Admin System Dec 23, 2010
U.S. stocks climbed to fresh two year highs Wednesday, led by financial companies as bank stocks continued to benefit from recent merger activity while the latest round of data pointed to a still recovering economy.
Admin System Dec 23, 2010
US existing home sales rose by 5.6pct in November to a 4.68 million annual pace - marking the highest reading since June.
Admin System Dec 23, 2010
The Australian Dollar continued to hold above the 99 cents mark yesterday in local trade despite there being no domestic data to drive direction.
Admin System Dec 23, 2010
The U.S. Securities and Exchange Commission (SEC) ordered two San Francisco-based hedge funds and three former employees to pay $1.2 million for multiple antifraud violations.
Admin System Dec 23, 2010
Retail sales nationally are down on forecasts, and most retailers are doing worse than this time last year.
Sharon Olalia Dec 22, 2010
The Australian stock market closed marginally higher on low trading volumes after gains by mining giant BHP Billiton offset weaker performances by the banks.
Admin System Dec 22, 2010
Santos Ltd (ASX:STO) $200 million investment plan to drill three wells in the Bay of Bengal has received approval from the government of Bangladesh.
Sharon Olalia Dec 22, 2010
Local stocks managed to hold on to six month highs today and post a small win, thanks to strength from the miners.
Admin System Dec 22, 2010
The Property Council of Australia’s latest audit shows that local councils in Sydney are sitting on almost $560 million in unspent infrastructure levies.
Admin System Dec 22, 2010
The trade relationship of Australia and China continue to bear fruit as it registered an annual growth of 8.8 percent in 2010, en route to whopping trade value of $90 billion, according to the latest report of the Department of Foreign Affairs and Trade.
Erik Pineda Dec 22, 2010
Australia's biggest sugar milling company CSR Ltd has successfully completed the sale of Sucrogen to Singapore's Wilmar International for $A1.843 billion.
Sharon Olalia Dec 22, 2010
The Australian economy moderately grew in October but economists expressed optimism that the firm movement signals calculated expansion and not deceleration.
Erik Pineda Dec 22, 2010
New Zealand firm Contact Energy's(NZE:CEN) $1 billion geothermal power station in Taupo has been granted resource consent.
Sharon Olalia Dec 22, 2010
The Australian Securities and Investments Commission (ASIC) rolls into action its legal suits against parties allegedly involved in the $3 billion Storm Financial meltdown following the deadline’s lapse for banks to strike compromise deals with up to 14,000 investors affected by the collapse.
Erik Pineda Dec 22, 2010
Law firm, Norton Rose Australia, became the first tenant to sign a lease for the 6 star Green Star premium office building, the One One One Eagle Street development slated to be finished by the end of the year.
Admin System Dec 22, 2010
Melbourne-based clean energy company Ceramic Fuel Cells Ltd (AIM/ASX:CFU) is expanding its UK presence.
Sharon Olalia Dec 22, 2010
Property developer Lend Lease has bought construction unit Valemus from Bilfinger for $1 billion; making it the second largest contractor in the country.
Admin System Dec 22, 2010
Independent energy retailer Australian Power & Gas (APG) (ASX: APK) had signed two new contracts for wholesale gas supply.
Sharon Olalia Dec 22, 2010
