Prime Minister Julia Gillard stands by forecasts for the budget to return to surplus but says she is concerned about the implications for the Australian economy from the "fiscal cliff" in the Unite
The settlement of a class action against the National Australia Bank relating to the bank's heavy losses over toxic subprime home loans in the United States sends an important message to corporatio
US stocks have sunk in a second day of losses following President Barack Obama's re-election victory, trimming another one per cent after Wednesday's huge rout.
The Australian dollar is half a US cent lower despite better than expected local jobs numbers, as negative market sentiment took hold after the re-election of US President Barack Obama.
US stocks have tanked more than two per cent after President Barack Obama's re-election victory set up a tough battle with Republicans over the looming "fiscal cliff".
Australian stocks finished 0.7 per cent higher, and the Australian dollar recorded solid gains, as US President Barack Obama's victory sparked a late afternoon rally.
Commonwealth Bank of Australia has lifted its first quarter cash profit to about $1.85 billion but warns difficult economic conditions are beginning to hit businesses.
US stocks closed with solid gains as the country goes to the polls to choose between Barack Obama and Mitt Romney for president, with the economy the key issue in the tight election.
The Australian dollar rallied to its highest level in almost six weeks after the Reserve Bank of Australia opted to keep the cash rate on hold for November.
Industry, retailers and unions have questioned the central bank's decision to leave the cash rate unchanged following its monthly board meeting, when many market economists were predicting a furthe
The Reserve Bank of Australia has kept the cash rate on hold for November, citing higher than expected inflation and signs of improvement in the global economy.
US stocks have scored gains on the eve of the presidential vote, with President Barack Obama and Republican challenger Mitt Romney locked neck-and-neck in the race for the White House.
The Australian share market finished slightly higher as investors await the United States presidential election and a local interest rate decision tomorrow.
The Reserve Bank of Australia might still keep its finger off the interest rate button despite a private sector survey showing slower growth in consumer prices.
Westpac has become the second of the big four banks to post a fall in full year profit, with the tax implications of its takeover of St George causing a 15 per cent fall to $5.97 billion.
