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A takeover push for clothing and footwear maker Pacific Brands could mark the start of a buying spree among private equity firms in search of bargains, analysts say.
Australian shares extended early gains after a positive start to the United States earnings season and news of more interest from private equity firms in local companies.
US stocks managed modest gains Monday as Wall Street awaited the unofficial kickoff of the fourth-quarter earnings season and talks between France and Germany on Europe's debt crisis.
European shares fell on Monday in thin trade, dragged down by banking stocks after Unicredit's rocky start to its key rights issue and worries about prospects for the U.S. earnings season.
Christmas Island oil spill threat; Loyalty pays off for Rinehart heir; Shipping chiefs fire warning shot on work laws; Miles Kennedy to revive Fortnum Gold; KKR eyes PacBrands $600m buyout
Australian shares open slightly higher after strong US non-farm payroll data released on Friday buoyed hopes that the world's largest economy is on the mend.
Western Australia's indigenous affairs minister Peter Collier has refused to comment on an Aboriginal group's claim he eased mine consent conditions to help his mining magnate friend Andrew Fo
Australian stocks ended 1.2 per cent lower as another slump in retail stocks and sagging investor sentiment over the eurozone debt crisis weighed on the market.
Australian stocks declined one per cent in thin trade after a muted reaction to the latest move to solve Europe's debt crisis took the shine off hopes for a Christmas rally.
The Australian dollar dropped more than half a US cent after fear set in that nearly half a trillion Euros in loans from Europe's central bank to struggling commercial lenders may not be enough to
US stocks markets were mixed on Wednesday after Tuesday's strong gains, with the Nasdaq dragged lower on poor Oracle earnings and other indexes finding little direction in holiday-thinned tra
Australian shares broke their two-day losing streak to end sharply higher after strong gains on offshore markets sparked hopes for a long-awaited Christmas rally.
Australia's housing shortfall is expected to blow out to more than 640,000 in 20 years, prompting industry calls for tax cuts and other measures to stop prices going through the roof.