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Oil and gas producer Santos has increased its underlying first half profit and maintained its full year production guidance.

The Australian market has opened cautiously higher following gains from markets overnight and amid growing optimism that a eurozone break-up is less likely.

ANZ says its expansion into Asia gives it an advantage over rivals competing in an Australian market where credit growth is set to remain weak.

US stocks have put on solid gains after two flat days helped by fresh employment and housing data and German Chancellor Angela Merkel's supportive comments in Canada for the European Central Bank (

The Australian dollar is higher, trading in a tight range as the market awaits further economic data out of the US and more clues as to whether the US economy will get a helping hand.

Mining services group ADG Global Supply has reported a net profit of $1.75 million for the year ended June 30, the result of significant growth across its industrial products, global procurement an

The Australian share market closed sharply higher after a string of strong earnings results, with Wesfarmers and AMP among the best performers.

Ivanhoe Australia plans to cut costs by almost $100 million and reduce spending by up to $74 million over the next two years as it tries to improve cash flow and look to joint ventures in volatile

Alumina Ltd has flagged an end to China's control over aluminium prices as it posts a $US14.6 million ($A13.95 million) half year loss.

Equity market operator ASX Ltd has reported a four per cent drop in annual net profit, blaming decreased investor activity arising from Europe's debt crisis.

Damning findings have been made against organisers of the 2011 Kimberley Ultramarathon which left runners suffering horrific burns after a bushfire swept through the race route.

Nickel miner Mincor Resources has bounced back into the black, lodging a net profit of $240,000 for the year ended June 30, despite a 19 per cent drop in nickel prices.

Global miner BHP Billiton has flagged potential job losses at some of its Australian operations as it reins in costs amid falling commodity prices.

Prime Minister Julia Gillard says the federal budget will return to surplus as planned, despite the additional cost of its new asylum seeker measures.

Entrepreneur Dick Smith is calling on federal parliament to support farmers and local manufacturers, including his own food business.

The Perth Wildcats have a new major sponsor, with state government agency Healthway signing a three-year partnership worth $1.5 million.

Internet service provider iiNet has delivered another solid lift in profit, with its best ever financial result comfortably beating analyst expectations.

AMP expects further growth after its $4 billion merger with AXA Asia Pacific contributed to a seven per cent rise in underlying first half profit.

Shares in Horseshoe Metals are skyrocketing after the junior explorer announced significant copper hits from drilling activities at the Horseshoe Lights project near Meekatharra.

Jobs and growth pressures in Western Australia are expected to be the focus of a community cabinet meeting in Perth on September 5.

The Australian market has opened higher following mixed leads from Europe and the US overnight.

Australia's two-decade long economic expansion is at risk unless productivity growth returns to its long term average, according to a new report.

US stocks have closed mixed with the Dow and S&P 500 essentially flat for the second straight day as fresh data releases failed to give any clearer picture of US economic growth.

Community sentiment towards Australia's newest onshore asylum-seeker detention centre remains mixed, Northam Shire president Steve Pollard says.

Shares in Hastings Diversified Utilities Fund (HDF) fell after Pipeline Partners Australia (PPA) Pty Ltd increased its cash offer for the fund by 10 cents to $2.43 per security.

A range of positive factors, including solid wage growth, has failed to lift the mood of consumers.

The resources sector has welcomed a state government plan to establish a new mining rehabilitation fund, saying the move will free up significant funds at the beginning of the project development s

Bankwest has delivered a 13 per cent bump in profits for the year ended June 30, driven by strong increases in lending and deposit balances.

Rents continue to increase across the metropolitan property market, while the number of tenants walking out on their leases to find cheaper accommodation is starting to climb, new research says.

The Australian stock market finished lower as nervous investors made for the safety of defensive stocks amid thin trading volumes.

Paladin Energy stocks jumped on the ASX today, after the Perth-based uranium miner announced a six-year off-take contract with a major utility for ore from its African mining operations.