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.
Australian shares fell after disappointing jobs data added to an already muted market tone as investors awaited the outcome of the eurozone debt crisis summit.
CuDeco will raise $32 million for its Rocklands copper project in a share placement agreement with UK-based M&G Investments, the company announced today.
Perth-based gas production and exploration company Triangle Energy has won backing from investment group Standard Chartered Private Equity (Singapore), which has agreed to subscribe for $9.75
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 edged lower as investors continued to fret about whether eurozone leaders will be able to hammer out a deal to tackle the debt crisis at this week's summit.
Australian shares added 0.7 per cent as hopes for a new debt deal in Europe and forecast-beating economic growth data for the September quarter boosted investor appetite.
WA’s largest locally owned banking institution Police & Nurses Credit Society has announced that it will follow the Reserve Bank, cutting the full interest rate on its variable home loan produc
Australian shares are higher as hopes for a new debt deal in Europe and better than expected economic growth data for the September quarter boosted investor appetite for risk.
Australian shares are lower, breaking their six-day winning streak after Standard and Poor's warned 15 eurozone members of possible credit downgrades due to the region's deepening debt crisis.
Capital raised by companies listing on the Australian Securities Exchange slumped 61 per cent in November from a year earlier as the turmoil in global financial markets took its toll.
The Reserve Bank of Australia has cut the cash rate to 4.25 per cent from 4.5 per cent at its December board meeting.It was the second consecutive month that the RBA has cut the rate.
Australian shares fell, breaking their six-day winning streak after Standard and Poor's warned 15 eurozone members of possible credit downgrades due to the region's deepening debt crisis.
The Australian dollar is higher today after European leaders announced plans to establish a new treaty which imposes strict budget discipline on member states.
