Shares bounce back with biggest one-day lift in five months
![](http://web.archive.org./web/20141202110647im_/http://images.watoday.com.au/2013/04/30/4234625/ZAH_asx_TN-20130430223924875920-192x128.jpg)
Australian shares have posted their strongest session in five months in a relief rally that clawed back some of the heavy losses of the previous two sessions.
Last updated: | |
United States Dollar | |
---|---|
0.8464 | -0.31% |
Euro | |
0.6810 | -0.06% |
British Pound | |
0.5388 | -0.22% |
The country’s wealthiest families are increasingly chasing the newest new ideas and driving an entrepreneurial culture not seen since the height of the last internet boom.
Terry Dodd will be disappointed if he lucks out in the tender process to run fast ferries to Manly on Sydney Harbour, and understandably so.
An online wagering firm is understood to be paying nearly $10 million annually for the contract.
Waiting for peace to break out: Dan Fuss, a battle-tested debt maverick, won't invest in North Asia despite China's recent charm offensive.
The ASX’s mFund gives a small but revealing insight into how banks stifle competition.
Ignore the hype around Medibank, the fear over commodities, the market bumps and buy great companies at good prices.
The Australian dollar has rebounded from Monday's four-and-a-half year low, lifting after the Reserve Bank of Australia's decision to leave the cash rate on hold.
The Reserve Bank of Australia on Tuesday held the cash rate at 2.5 per cent for the 15th policy meeting in a row.
Australian shares have posted their strongest session in five months in a relief rally that clawed back some of the heavy losses of the previous two sessions.
Home building approvals have rebounded, driven by a strong surge in apartment blocks.
NSW politicians need to get over their view of thinking of tourism as a "boardies and thongs" exercise and realise it drives $33 billion in spending in the state every year.
Shares in grocery retailer and wholesaler Metcash dipped to an 11-year low after posting disappointing results and flagging lower-than-expected earnings this year, as investors question the pace of its turnaround.
Casual-dining chain Sizzler burst into Australia almost 30 years ago. But now Australians are being asked to imagine a world without it.
A Reserve Bank backed $1 billion real time payments network will be delayed by another year to late 2017 after five of the institutions originally funding it stepped back from signing the deal on Tuesday.
The ASX’s mFund gives a small but revealing insight into how banks stifle competition.
The Swiss miner has won approval to continue mining until 2035.
The world's largest oil and gas producers are looking to slash costs in response to diving prices.
Security researchers say they have uncovered a cyber espionage ring focused on stealing corporate secrets for the purpose of gaming the stock market.
Vox Media, a US publisher with a fast-growing portfolio of online lifestyle and news brands, is set to announce that it has just closed a $US46.5 million round of financing from General Atlantic, a New York investment firm.
Growth in Chinese factories stalled in November as output shrank for the first time in six months, reinforcing expectations that authorities will roll out more aggressive stimulus .
Waiting for peace to break out: Dan Fuss, a battle-tested maverick of debt markets, avoids North Asia despite Chinese President Xi Jingping's recent charm offensive.
Mirvac chairman John Mulcahy says a fundamental shortage of housing is driving the current housing boom.
Charter Hall Group has paid $171.4 million industrial portfolio leased to the leading Australasian poultry producer and processor, Inghams Enterprises, on behalf of its managed funds.
A new hotel will join retail and offices in a major mixed-use development.
The Sangoma Retreat has been sold to the Turner family; Graham Turner is the boss of Flight Centre.
These are the presents every man would love to find under the tree on Christmas morning.
Decisions need to be made on the banking industry - the savings of millions of Australians are at stake.
Finding ways to fund 20 years of post-work living is going to stretch many of us.
It was Chris Strode's major achievement for the year. What's yours?
If you love buying cheap gear from the States, you need to know about this business.
The latest RBA figures say that household debt levels are getting close to the all time high reached before the GFC. Interest rates are still on hold but could there be a cut soon? Personal finance editor John Collett and Business reporter Clancy Yeates comment.
Comment & Analysis
ABC cuts could be bad news for News Corp
Treasury waters down financial adviser register
Iron's big three remain bullish as prices tumble