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Retail sales miss expectations in May, ABS revises down April sales
RETAIL sales rose less than expected in May, in a sign consumers remain cautious despite deep interest-rate cuts over the past year and a half. Retail sales rose 0.1 per cent in May from a month...
View ArticleTiger Airways Australia rebranded Tigerair Australia, reveals new livery
TIGER Airways Australia will be renamed Tigerair Australia and change its livery as part a group-wide rebranding exercise it said was aimed at better connecting with customers. The first plane in the...
View ArticleEvolution Mining reports 13pc jump in FY gold production
EVOLUTION Mining reported a 13 per cent surge in annual gold production following a sharp rise in the fourth quarter fuelled by a doubling of output at its Mt Rawdon mine in Queensland. The company,...
View ArticleD-Day for sparring Sydney casino bids
THE winner of Sydney's casino wars will be known at 1pm AEST today, when NSW Premier Barry O'Farrell is due to front a press conference to declare which rival $1 billion-plus development from James...
View ArticleCall on gold miner still evolving
EVOLUTION head Jake Klein says the gold miner was "created for current market conditions", which is a big call as the lustrous commodity lingers around $US1250 ($A1376) an ounce and far from its...
View ArticleUS stocks up on jobs data in short trading day
US stocks rose as investors weighed better-than-expected jobs data against political turmoil in Portugal ahead of a key jobs report due Friday. The Dow Jones Industrial Average rose 56.14 points, or...
View ArticlePackage magnate snares Pro-Pac
MELBOURNE packaging billionaire Raphael Geminder has quietly secured majority control of small Sydney packaging company Pro-Pac, the group he wants to turn into a $1 billion enterprise by 2017 through...
View ArticleAndrew Coppin quits Wilson HTM to consider buyout of securities unit
WILSON HTM managing director Andrew Coppin has resigned from his position, as he eyes a potential buyout of the investment group's securities business. In a statement to the Australian Securities...
View ArticleRBAs Philip Lowe said Glenn Stevens' rate comments were misinterpreted
THE central bank's deputy governor Philip Lowe said remarks by governor Glenn Stevens on yesterday about its July board meeting had been misinterpreted by financial markets. In his remarks, Mr Stevens...
View ArticleWoodside hit by Pluto glitches
THE jewel in Woodside Petroleum's crown, the $15 billion Pluto liquefied natural gas plant in Western Australia, has been shut for the past 10 days because of technical glitches, forcing the...
View ArticleMorrow's call: Vodafone heads back to black
VODAFONE Australia chief Bill Morrow expects the company to emerge cashflow-positive next year after two years of negative returns totalling about $1.4 billion amid mass customer defections due to...
View ArticleReal house husbands more likely to live on struggle street
THE concept of house husbands is relatively new in popular culture. The idea being that progressive-thinking generation Y and generation X men are more comfortable than baby-boomer men with the idea...
View ArticleAnthony Albanese backs embattled NBN CEO Mike Quigley
NEWLY appointed Communications Minister Anthony Albanese has thrown his support behind the NBN Co's embattled chief executive amid speculation that the company's board is looking for a replacement....
View ArticleIndustry salutes Woodside founder
VALE Geoff Donaldson. The man widely regarded as the father of Woodside Petroleum has died, aged 99. Mr Donaldson helped found Woodside in Victoria in 1954 by underwriting its first share issue and...
View ArticleFlight Centre ends year on a high note
FLIGHT Centre has upgraded its annual profit guidance after a strong finish to the financial year in its key markets. The travel retailer yesterday bucked the broader corporate trend of profit...
View ArticleASX200 volatility reflects investors' lack of confidence
THE S&P/ASX200 index has see-sawed since last month. It has oscillated between perceptions that the market's 10 per cent fall from May 14 to June 13 represented a buying opportunity and other...
View ArticleRetail slump puts paid to investors' optimism
INVESTORS betting on a much-awaited recovery in the retail sector have been left dismayed by the latest industry figures, revealing consumer spending has lost its momentum after a solid start to the...
View ArticleBuilding approvals lower in May, ABS says, despite rate cuts
THE number of Australian home-building permits granted in May fell from a month earlier, the latest sign deep rate cuts have yet to spur a sustained recovery in the housing market. Approvals to build...
View ArticleChinese target mining bargains as stocks dive
CHINA'S state-owned enterprises and private companies are preparing to exploit distressed equity and asset values in the mining sector by ramping up acquisitions and investments ahead of a forecast...
View ArticleVodafone boss Bill Morrow takes the battle to Telstra
ALL Bill Morrow's dreams are about to come true -- well almost, with the Australian Competition & Consumer Commission expected to release a series of discussion papers next week as a preliminary...
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