BUSINESS

The Australian share market has started the trading week in the red, as losses from the banks and miners weigh on overall sentiment. The All Ordinaries Index (XAO) is down 25.4pts or 0.6pct to 4455.5 at lunchtime in the East.

Sigma Pharmaceuticals Ltd (ASX:SIP) has agreed to hand its pharmaceuticals division to South Africa's Aspen Pharmacare Holdings Ltd for $900 million.

Riding on the heels of soaring demands and prices for its product, steelmaker BlueScope Ltd (ASX: BSL) revealed on Monday that it has achieved a full-year profit of $126 million following its loss of $66 million from the previous corresponding period.

Australia's construction giant Leighton Holdings (ASX:LEI) has announced a 39 per cent increase in annual profit and foresees further expansion as the economic environment improves.

The Australian Dollar has opened weaker this morning trading around the 0.8950 level after a fairly quiet US session on Friday night in which US data releases were not that bad in relation to consensus.

US retail sales rose by 0.4pct in July, following a revised 0.3pct drop in June. The July result was marginally below forecasts for a gain of 0.5pct. Excluding autos and gasoline, sales rose fell by 0.1pct. US consumer sentiment rose from the final June reading of 67.8 to 69.6 in July.

U.S. stocks fell slightly Friday, with Intel, DuPont and Home Depot among the decliners in the final session of the market's worst week since early July.

The Australian Dollar opens a shade lower on Monday at 0.8928 as risk aversion keeps a lid on high-yielding currencies.

Where is the Minerals Council of Australia in the public debate about increased taxes for miners, asks Minelife's Gavin Wendt.

The Australian stock market is set to decline on overall negative leads from offshore trading over the weekend. Wall Street indices were slightly weaker, and most metals and oil also were down.

After the sudden change in market sentiment last week after the US Federal Reserve's meeting and downgrading of the US e...

The Australian market got a big reality check last week from two directions.From offshore there was the fading of the g...

A tale of contrasts last week on global economic growth, with data from Europe and the US the standouts and helping expl...

US sharemarkets finished the week with barely a spark as economic data gave little reason to reverse the downturn in se...

World oil prices fell for the fourth consecutive day on Friday, taking the drop to more than $US6 a barrel or more than ...

The Australian currency opened weaker today after soft US and Italian economic data dampened investor sentiment for risk.

The August results season has only just started, but I have already drawn conclusions and made observations that can be important for investors.

The UK Food Standards Agency is reminding caterers and consumers of the importance of refrigerating fish properly, following a number of incidents involving scombrotoxic fish poisoning during the (UK) summer.Scombrotoxic fish poisoning is linked to eating fish from the family that includes tuna, mac...

Leading premium brand, Bonne Maman, is being relaunched in Australia by national food marketing and distribution business, Menora Foods.Bonne Maman, the unrivalled market leader in France with more than 35 percent of market share, is now available in Australia at leading independent supermarkets and...

A glance through the latest expert views and predictions about commodities with some mixed views emerging for bulk materials but general upward trends in base metal and gold prices seen as sustainable.

Australian banking major, National Australia Bank, once again differentiating itself from its big four rivals over exception fees, says that credit card law reform would benefit consumers.Lisa Gray, who runs the lenders personal banking division says that NAB has already implemented changes to its c...

Mergers and acquisition (M&A) activity within the Australia and New Zealand region has slowed during 2010, with the values of transactions more than halving this year.Whilst the number of deals fell to their lowest level in over four years, according to a report authored by Thompson Reuters sug...

The Australian stock market finished over one per cent higher, led by gains in the mining and energy sectors, as investors took the previous day's decline as a buying opportunity.

Sydney-based Chameleon Mining NL (ASX: CHM) said on Friday that the state’s Supreme Court would be lifting its receivership filed by its Singaporean litigation funder International Litigation Partners (ILP).

Australian residential developer AVJennings (ASX:AVJ) is back in positive territory after offloading its loss-making contract building business.

Nicole Kidman and husband Keith Urban acquired $10 million-worth apartment in Manhattan.

The Australian market closed on its highs of the day shrugging off the doubts over global growth that plauged it for most of the week.

David Ryan, the controversial chairman of Transurban (ASX:TCL), a leading international toll road developer in Australia, has stepped down. His resignation spared him a confrontation with furious shareholders at the annual meeting in October.

South Korea’s Ssangyong Motor is set to be taken over by Indian firm Mahindra & Mahindra as creditors of the troubled company announced on Friday that the utility vehicle specialist edged out competing bidders from France, Japan and India.