AAP

Financial Services 16 Feb 2015

$A slightly lower on rate cut expectations

The Australian dollar is lower, weighed down by expectations that the Reserve Bank will cut the cash rate for a second time in 2015 in the coming months.

Financial Services 16 Feb 2015

RBA's stability talk to guide expectations

When the Reserve Bank of Australia repeatedly throughout 2014 flagged a "period of stability" for interest rates, you could have been forgiven for thinking it was signalling a period of stability for interest rates.

Mining 16 Feb 2015

Gold lifts on Greece uncertainty

Gold prices have risen as investors sought shelter from the uncertainty surrounding Greek debt talks and prepared for a slower week due to the Lunar New Year holiday in China.

Financial Services 13 Feb 2015

Shares close 133.9pts higher

The share market has rallied to a six-year high due to Rio Tinto's massive shareholder returns, rising oil prices and optimism from a ceasefire agreement in Ukraine.

Energy 13 Feb 2015

New rules after Galleria explosion

New safety precautions have been put in place for a type of high-voltage switch involved in the fatal explosion last week at Morley's Galleria Shopping Centre.

Government 13 Feb 2015

Rate cuts may be less effective: RBA

Reserve Bank of Australia governor Glenn Stevens has warned that interest rate cuts may not have the same impact on growth as in the past.

Deals 13 Feb 2015

Newcrest puts Telfer under review

Gold miner Newcrest has flagged the possible sale of the Telfer mine in Western Australia, one of its main assets.

Financial Services 13 Feb 2015

Shares open 88.2pts higher

The share market has opened higher as investors welcomed Rio Tinto's profit growth and massive return to investors.

Financial Services 13 Feb 2015

US stocks rise on Ukraine deal

US stocks have posted solid gains, rallying on news of a ceasefire in Ukraine as strong earnings from Cisco lifted the technology sector.

Mining 13 Feb 2015

Oil prices up as producers cut investment

Global oil prices rebounded as more leading petroleum producers announced they would curtail investment because of tumbling crude prices.

Financial Services 13 Feb 2015

$A bounces on disappointing US data

The Australian dollar has rebounded, gaining more than one US cent overnight following the release of disappointing US retail sales and jobs figures.

Mining 13 Feb 2015

Mild gain for gold after Ukraine ceasefire

Gold prices have posted mild gains as news of a ceasefire in Ukraine tempered support from a weaker US dollar.

Financial Services 12 Feb 2015

Shares close 25.5pts lower

The highest unemployment rate in more than 12 years has dented the share market, with concerns about a slowing economy hitting the banks.

Mining 12 Feb 2015

BP cuts 160 jobs at Kwinana refinery

Energy giant BP has slashed the workforce at its Kwinana oil refinery by 20 per cent.

Government 12 Feb 2015

No compo for botched WA council mergers

Councils won't get a single cent of compensation for the Western Australian government's failed amalgamation plans.

12 Feb 2015

Ship loading accident at Fremantle port

A 100-tonne crane was accidentally dropped into the hold of a cargo ship during loading at the port of Fremantle.

Mining 12 Feb 2015

Santos takes $1.6bn hit from oil slide

Oil and gas producer Santos faces a $1.6 billion hit to its books after the dramatic slide in global oil prices.

Property 12 Feb 2015

Mirvac profit up 13% to $279m

Mirvac Group is on track to achieve the upper end of its earnings guidance as low interest rates fire up the housing sector.

Mining 12 Feb 2015

Rio posts $US6.5bn profit, share buyback

Mining giant Rio Tinto will spend $US2 billion ($A2.6 billion) buying back its own shares and has increased its dividend despite reporting a result marked by falling earnings.

Government 12 Feb 2015

Unemployment hits 6.4% but falls in WA

The national unemployment rate has shot up to a 12.5-year high, increasing the chances of a second Reserve Bank interest rate cut in March.

Financial Services 12 Feb 2015

Shares open 14pts higher

The Australian share market has opened higher.

Financial Services 12 Feb 2015

US stocks flat as market eyes Greece talks

Wall Street stocks have finished little changed as investors eyed key Brussels talks on Greece's demands to renegotiate its international bailout as the risk of a debt default looms.

Technology, Innovation & Science 12 Feb 2015

Telstra posts $2bn half year profit

Telstra has reaffirmed its full year earnings guidance after lifting its first half profit 22 per cent to more than $2 billion.

Financial Services 12 Feb 2015

$A weak amid Greek uncertainty

The Australian dollar is under pressure as investors await the outcome of an emergency eurozone meeting to discuss the future of debt-stricken Greece.

Mining 12 Feb 2015

Oil market slides as US reserves rise

World oil prices have fallen sharply, with New York crude sliding below $US49, as swelling US inventories added to the global supply glut.

Mining 12 Feb 2015

Gold prices fall on $US strength

Gold prices have fallen as a stronger US currency damped investors' appetite for the dollar-denominated metal.

Energy 11 Feb 2015

Chinese energy company to list on ASX

China-based Premiere Eastern Energy will list on the Australian sharemarket tomorrow as it pursues growth in the world's largest economy.

Financial Services 11 Feb 2015

Shares close 31.5pts lower

The Australian sharemarket has finished weaker because of disappointing company results and continued commodity price weakness.

11 Feb 2015

Asset sales lift Leighton profit

Asset sales by the new management of construction giant Leighton Holdings have boosted annual profit and offset lower earnings from its mining operations.

Mining 11 Feb 2015

Oz Minerals back in black with $48m result

Copper and gold miner Oz Minerals is back in the black thanks to improved production at its Prominent Hill mine in South Australia.

11 Feb 2015

Cost cuts, house boom, lift Boral

Australia's housing construction boom has helped Boral rebound to record $104 million in half-year profit, but the building products maker says the benefit of further rate cuts on housing will likely be minimal.

Deals 11 Feb 2015

Skilled Group reveals flat profit

Australia's biggest workforce provider, Skilled Group, has unveiled a flat first-half profit result although its engineering and marine services businesses posted strong earnings.

AAP

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