Australian stocks ended modestly higher as positive leads from the United States helped the local market claw back some ground after a week of heavy losses.
Sydney-based Southern Cross Venture Partners has been appointed by the federal government as fund manager of Australia’s largest renewable energy venture capital fund, making available a total
Law firm Maurice Blackburn will file class actions against the other big banks for charging exorbitant customer fees after the partial success in a court case against ANZ.
Bendigo and Adelaide Bank will pay about $130 million for Bank of Cypress Australia, which caters to the Greek and Cypriot communities in NSW, Victoria and South Australia.
GR Engineering's founding shareholders and key executives have sold $32.4 million worth of shares in the company, reducing their collective stake from 79.3 per cent to 67.3 per cent.
Southern Cross Goldfields has completed a $3.3m capital raising to fund the completion of a feasibility study at its Marda gold project and exploration at the Copper Bore VMS copper-gold project.
Australian stocks fell as fears that France may face a downgrade to its sovereign debt rating sparked renewed concerns about the fall out from the euro zone debt crisis.
Westpac Banking Corporation says volatility in global financial markets is continuing to weigh on the bank's revenue from its markets and treasury business.
Mortgage arrears stabilised during the September quarter and are expected to fall as the impact of the central bank's recent interest rate cuts reach borrowers, Fitch Ratings says.
Australian shares slumped in line with stock markets across Asia as warnings from two ratings agencies wiped out optimism that Europe's debt crisis may be nearing a resolution.
Australian shares slumped 1.6 per cent as warnings from two ratings agencies doused hopes that the measures outlined at Europe's debt summit will be enough to resolve the crisis.
Australian shares rose more than one per cent after US data topped market expectations and a debt deal from Europe boosted hopes for the global economy.
Chinese investment group Wah Nam International has moved to gain full ownership of iron ore company Brockman Resources, through a takeover pitched at less than half the value of its original offer.
Treasurer Wayne Swan says the major four banks have looked after their customers leading into Christmas by moving inline with the central bank's interest rate cut.
Australian shares ended near their lowest point this month as investors took cash off the table ahead of a weekend of crunch talks on the future of the eurozone.
