BUSINESS

After a volatile week, U.S. stocks closed nearly flat over five sessions as worries over the rate of Chinese growth and the stability of European economies mounted and ebbed.

Sharon Olalia Nov 22, 2010

On Friday Chinese authorities raised the Reserve Ratio by 0.50pct to 18.5pct - marking the fifth such rise this year.

Sharon Olalia Nov 22, 2010

Shares in New Zealand coal miner Pike River Coal Ltd dropped sharply after reports of an explosion at its underground mine about 50 kilometers (30 miles) north of the town of Greymouth.

Sharon Olalia Nov 20, 2010

Local stocks closed slightly lower today as financial and mining stocks turned negative despite an impressive lead in from global share markets and higher commodity prices.

Sharon Olalia Nov 19, 2010

The Australian share market closed lower on Friday, as speculation of more interest rate rises in China dampened investor sentiment to risk.

Sharon Olalia Nov 19, 2010

OZ Minerals (ASX: OZL) says it has been advised by the Australian Securities & Investment Commission's (ASIC) that the corporate regulator's investigation in relation to, amongst other things, the Company's disclosure obligations during the period approximately 1 July 2008 to 31 December 2008 has concluded.

Sharon Olalia Nov 19, 2010

Emerging iron ore mining giant Fortescue Metals Group Ltd revealed its approved investment plan up to $US8.4 billion or $A8.51 billion that would be used to ramp up the mining firm’s current iron ore production capacity to an estimated 155 million tonnes per annum (MTPA).

Erik Pineda Nov 19, 2010

Bell Financial Group (ASX:BFG) intends to merge its Southern Cross Equities unit and Bell Potter stockbroking business into a full-service independent stockbroker to boost revenue.

Sharon Olalia Nov 19, 2010

Emphasising the extent of damage incurred by Qantas Airways’ Flight 32 during its engine blowout incident over Indonesia last November 4, an aircraft engine expert could only conclude that all-aboard on the A380 superjumbo effectively cheated death when the aircraft still managed to land back in Singapore.

Erik Pineda Nov 19, 2010

Citing unattractive demand currently prevailing on the service route, Tiger Airways has decided to suspend its flights between Darwin and Melbourne for two months though it made clear that no complete pull out for the airline is in the offing.

Erik Pineda Nov 19, 2010

Local stocks are enjoying solid gains in early trade on the back of a positive lead from overseas markets.

Sharon Olalia Nov 19, 2010

Australia's largest automotive retailer Automotive Holdings Group Ltd (ASX:AHE) has confirmed it is in discussions with several firms to acquire car dealerships although an agreement is yet to be reached.

Sharon Olalia Nov 19, 2010

Airport owner and operator MAp Group (ASX: MAP), formerly Macquarie Airports, today announced a lift in total passenger traffic at all airports in October.

Sharon Olalia Nov 19, 2010

Giant telco firm Telstra Corporation Ltd is banking on an expected surge in customer numbers is fiscal 2011, reaffirming that the company’s previously set financial guidance is within reach despite projections that earnings could suffer a bit in the current financial year.

Erik Pineda Nov 19, 2010

U.S. stocks rose sharply Thursday as investors bet on a resolution to Ireland's debt situation and watched General Motors' shares climb on their return to the Big Board.

Sharon Olalia Nov 19, 2010

US jobless claims rose by 2,000 to 439,000 over the past week. However the four week moving average of claims - a better gauge of underlying labour trends - hit the lowest level since September 2008.

Sharon Olalia Nov 19, 2010

Virgin Blue scored a goal as the official airline of the Australian Football League (AFL) after the latter dumped Qantas on an $8 million-a-year contract.

Sharon Olalia Nov 19, 2010

The Australian share market closed higher, rising slightly from Wednesday's four week high as Sonic Healthcare, together with some mining and energy companies dragged the index higher.

Sharon Olalia Nov 18, 2010

Local stocks managed a win today as Asian markets snapped a four day losing streak on news the Chinese government has proposed temporary price caps to tackle inflation.

Sharon Olalia Nov 18, 2010

As Rolls Royce revealed that some 40 Trent 900 engines would require replacement on airlines using A380s across the globe, Qantas Airways gave indications that the national carrier would need to replace up to 14 engines currently employed by its entire A380 fleet, which remain grounded at this time.

Erik Pineda Nov 18, 2010

The Westfield Group (ASX:WDC), Australia's largest shopping mall landlord, has taken the e-commerce plunge with the launch of Westfield.com.au - an online mall for Aussie consumers.

Sharon Olalia Nov 18, 2010

Tasmanian gold miner BCD Resources hurdled another scare this week and escaped fresh threats of receivership as it secured a $10 million loan at the last minute which should keep its Beaconsfield mine site operating, its 200 employees working and its major lender grinning, for now.

Erik Pineda Nov 18, 2010

Australian stocks are trading relatively flat at lunchtime in the East following a mixed lead from Wall Street and as losses from the banks cancel out gains made elsewhere on the market.

Sharon Olalia Nov 18, 2010

Australia's private pension funds First State Super and Health Super today announced an in-principle intention to merge, in a deal that could spark more consolidation as funds in world's fourth-largest wealth management market aim to cut costs.

Sharon Olalia Nov 18, 2010

Australia is poised to witness a wind fall of up to $132.9 billion as of the month of October, which mainly would come in the form of capital expenditures for lined up projects in the energy and minerals industry.

Erik Pineda Nov 18, 2010

Amid ongoing debate on stricter policies, Commonwealth Bank of Australia (ASX: CBA) chief executive Ralph Norris today warned politicians that over-regulation of the banking sector could hinder competition.

Sharon Olalia Nov 18, 2010

Luxury retailer David Jones Ltd barely saw sales growth during the initial quarter of the current financial year yet the company maintained its upbeat forecast of up to 10 percent profit growth for the rest of fiscal 2011.

Erik Pineda Nov 18, 2010

Global mining giant BHP Billiton Ltd may soon be opening up its port and rail network as it confirmed on Thursday that a rail haulage cooperation and port access agreement with junior miner Atlas Iron Ltd in the Pilbara region of Western Australia is being discussed and could be finalised very soon.

Erik Pineda Nov 18, 2010

All of AXA Asia Pacific's (AXA.AX) independent directors have now backed AMP's $13.3 billion takeover bid from parent AXA SA (AXAF.PA) and AMP (AMP.AX).

Sharon Olalia Nov 18, 2010