After powerful equity relief rallies on a European debt crisis deal and stronger US economic growth, Wall Street investors are poised to refocus on the home front this week.
Stockbroking firm Hartleys has joined most of its industry peers in recording a bumper profit increase for the year to June 2011, a result that is unlikely to be matched in the current financial ye
Australian shares jumped almost two per cent, after the market finally opened, as European leaders agreed on a crucial plan to reduce Greece's debts and provide it with more rescue loans.
US stocks closed with solid gains Wednesday after a choppy session focused on the EU crisis summit, which produced no comprehensive plan but gave hints at real progress.
The Australian dollar is three-quarters of a US cent lower against the background of delays in Europe's debt crisis talks and soft local inflation figures.
The federal government has announced extra funding for the Industry Capability Network, to help Australian businesses win supply contracts on major resources projects such as the Browse LNG develop
Fortescue Metals Group has borrowed $US1.5 billion ($A1.44 billion), half a billion more than initially intended, to fund the iron ore miner's expansion plans.
The Australian dollar fell on scepticism that Europe's leaders are close to resolving the region's debt crisis and as traders await local inflation data.
Global stock markets were lower in cautious trade as investors waited in hope for a second EU summit to produce a long-awaited plan to solve the eurozone debt crisis.
The Reserve Bank of Australia (RBA) has again left the door open to lower interest rates and flagged tomorrow's inflation data as potentially paving the way for a move.
Australian shares gained about $35 billion in value as buyers and confidence returned, amid hopes of a comprehensive fiscal stability plan for Europe that also led to a rally on offshore markets.
US stocks ended a choppy session mixed Thursday amid scepticism that European leaders will forge a deal on resolving the eurozone debt crisis in coming days.
A FEDERAL government employee superannuation fund is understood to be circling SAS Trustee Corporation's half share in the blue-chip QV1 office tower in Perth's sought-after CBD.
Leighton Holdings has hit out against a downgrade by ratings agency Standard & Poor's (S&P) on the very day it secured a $1.2 billion rail contract in Hong Kong with a joint venture partner
The Australian share market closed firmly in the red after a fall in commodities prices and as it became apparent a full resolution to the European debt crisis was not imminent.
Australian banks have little direct exposure to risky European government debt and are more resilient to turbulence in international markets, a senior central bank official says.
The Australian share market opened one per cent lower today due to a weak lead from Wall Street and doubts about the prospects for an effective solution to Europe's debt woes.
The Australian dollar fell more than one US cent as data released overnight highlighted weak US economic conditions and as European officials prepare for their weekend summit.
US stocks fell sharply Wednesday after the Federal Reserve's "Beige Book" portrayed a still-weak economy in September, as big losses from tech stars Apple and Amazon pulled the Nasdaq down more tha
