The sharemarket closed more than 1 per cent lower as weak GDP figures prompted investors to dump banking stocks. At the close today, the benchmark S&P/ASX200 index was down 65.6 points, or 1.34 per cent, at 4835.2. The broader All ...
The sharemarket pared losses after falling to a four-month low today as the market began to speculate on the potential for a surprise interest rate cut from the Reserve Bank of Australia. A higher Australian dollar initially weighed on ...
Tags: Stocks, RBA Meeting
Australian coalseam gas junior WestSide has decided to bring talks over a potential takeover to a conclusion in the "near term," the company said in a statement Tuesday. Westside announced in November 2012 that it had received an ...
Tags: coalseam gas, WestSide, potential takeover
The mining sector's bellwether companies were all beaten down on Monday after China's premier Wen Jiabao delivered a downbeat outlook for the world's second largest economy adding that there were "new problems" to deal with. China will ...
Tags: China, Coal, Copper, Finance, Iron Ore, Lead, Nickel, Potash, Rare Earth, Zinc
Takeover talks between private-equity firm Cerberus Capital Management and US retailer Supervalu Inc are reportedly continuing despite rumours discussions had stalled. Negotiations between Supervalu and Cerberus were held this weekend, ...
Tags: takeover talks, retailer, Supervalu Inc, Cerberus Capital Management