Financial Services

Sandfire Resources has dropped Federal Court proceedings against the research body at the centre of the Australian National University’s controversial divestment action late last year, following an admission the researchers failed to meet their own standards.

The Australian share market has opened lower.

The Australian dollar has again broken past US80 cents, buoyed by weak US economic data and a Federal Reserve meeting that contained no major surprises.

Wall Street stocks have finished lower on news the US economy grew just 0.2 per cent in the first quarter.

The share market has fallen nearly 2 per cent, with a rapidly rising Australian dollar and profit taking by Japan-based foreign investors believed to be responsible.

Corporate and financial communication firms, Citadel PR and Magnus Investor Relations, have entered into an agreement to combine their businesses to form a significant independent national player.

The Australian share market has opened lower.

The Australian dollar has surged past the US 80 cent mark on the back of weak US economic data and concerns about the Federal Reserve meeting.

US stocks have finished mostly higher but Apple's sell-off left the Nasdaq in the red and NYSE-traded Twitter's unintentional early earnings release held back overall gains.

The share market has fallen further away from the key 6,000-point level as a recovery in commodity prices failed to boost the big miners.

Shares in local gold miners have dominated on the ASX today after the spot price for the precious metal jumped by over 2 per cent overnight to $US1,203.30 an ounce

The Australian share market has opened lower.

People leaving the workforce now have got it much tougher than those who left a decade ago and will need to take a lot more risk in order to fund their retirement, the head of the Reserve Bank says.

The Australian dollar has risen amid softer-than-expected US economic data in the lead-up to this week's US Federal Reserve meeting.

US stocks have snapped a three-day rally to record highs as investors awaited Apple earnings results and a Federal Reserve policy meeting.

The Australian sharemarket ended the week strongly, with gains on the back of a rally in iron ore prices from decade lows.

The Australian share market has opened higher, following gain on Wall Street overnight.

The Australian dollar is higher after the release of some disappointing US economic data.

The Nasdaq exchange has smashed its 15-year-old record, breaking through the old mark set at the peak of the dot-com boom in 2000.

The Australian share market has closed higher as gains among the big miners offset losses in the financial sector.

The Australian share market has opened lower.

US stocks have posted solid gains following a big jump in US existing-home sales and a mixed bag of earnings reports from Boeing, McDonald's and others.

The Australian dollar has managed to hold on to most of Wednesday's gains following stronger-than-expected inflation data.

Australian shares have closed lower as investors reduce their expectations of a May interest rate cut.

Fortescue Metals Group has suffered its second credit rating downgrade in a week due to the impact of low iron ore prices.

The share market is flat as investors react with disappointment to BHP Billiton's production forecasts.

The Australian dollar has clawed back some of Tuesday's losses, making its way above 77 US cents during a quiet overnight trading session.

US stocks have mostly fallen but the Nasdaq stayed in positive territory as Israel's Teva announced a $US40.1 billion ($A51.92 billion) cash-and-stock bid for generic drug maker Mylan.

Michael Barnes had been appointed the new under-treasurer for Western Australia with immediate effect.

The share market has closed higher as positive offshore leads outweighed concerns about the local economy.

Perth-based Cape Lambert Resources has told the market that its investments in Timis Mining and African Minerals have hit roadblocks.

The Australian share market has opened strongly higher.