Recent articles

Cabcharge profit falls 13%

Payment and transport business Cabcharge is searching for new income beyond taxis and considering a name change after a 13 per cent fall in half-year profit.

Shares close 20.3pts higher

Speculation about a rate cut next week has buoyed the big banks and lifted the share market, securing a sixth consecutive week of gains.

Woolworths downgrades guidance

Woolworths has downgraded its full year guidance and announced plans to step up investment in its core supermarkets business after falling further behind arch rival Coles.

Newcrest sells Evolution stake for $106m

Newcrest Mining has sold more than half of its one-third stake in Evolution Mining for about $106 million.

Shares open 28.2pts lower

The market has opened weaker, dragged down by losses in the energy sector and a dismal Woolworths half yearly result.

$A falls as US data surprises

The Australian dollar has fallen sharply after the release of some positive US economic data.

Nasdaq powers closer to 5000

The Nasdaq has powered closer to 5000 points while weakness in oil-linked equities keeps the Dow and S&P 500 in the red.

Rio to cut jobs, halts contract

Workers fear hundreds of jobs are to be cut by mining giant Rio Tinto as it begins a new round of cost cutting by merging its copper and coal divisions.

Gold pares gains after firm US data

Gold pared gains after stronger-than-expected US data lifted the dollar and impetus from Chinese buying petered out, but it remained higher after the Federal Reserve indicated this week that it was in no rush to raise interest rates.

Oil tumbles on revived oversupply worries

World oil prices have fallen sharply as the market seems to do a double-take on a US report showing US crude oil stockpiles have hit a fresh record.

Shares close 36.4pts lower

The sharemarket has fallen from its seven-year high after three days of gains, with investors thought to be taking profits in the industrial and financial sectors.

Transfield profit growth disappoints

Engineering and contracting firm Transfield Services closed over 6 per cent weaker on the ASX today despite announcing an 80 per cent rise in half-year profit.



Rio Tinto$26.71bn
BHP Billiton Iron Ore$24.30bn
North West Shelf Venture$19.62bn
Fortescue Metals Group$12.48bn
Woodside Petroleum$6.09bn
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