![Andurand Capital did not switch its long positions into shorts as it remained "fundamentally bullish on oil", a source said.](/web/20170505185026im_/http://www.smh.com.au/content/dam/images/g/m/5/d/t/0/image.related.wideLandscape.460x259.gvzhdi.png/1494005679386.jpg)
Oil bull Andurand closes bet on rally
​Pierre Andurand, who runs a hedge fund specialising in oil, liquidated the fund's last long positions in oil a week ago.
​Pierre Andurand, who runs a hedge fund specialising in oil, liquidated the fund's last long positions in oil a week ago.
Citigroup listed seven companies as potential takeover targets for Apple, as a way to put its cash hoard to work.
US payroll gains rebounded in April by more than forecast and the jobless rate unexpectedly fell to 4.4 per cent.
Iron ore's tough week has opened up a pathway for benchmark spot prices to drop back into the $US50s a tonne range.
Crude oil bounced back from its lowest level since November, while global stocks powered to fresh record highs.
A Canberra business has carved a niche as one of Australia's leading producers of promotional drink bottles and is now taking on the world.
A battle over mountain views at an upmarket ski town apartment is not going Rich Lister and Liberal Party heavyweight Andrew Abercrombie's way.
Energy giant Woodside Petroleum say it is keen to develop Australian resources in the longer term but has called on the government to review its policy towards the energy sector.
Macquarie Group has posted a $2.2 billion profit after a strong second-half performance.
The Reserve Bank of Australia thinks the economy is on track for solid growth, but the central bank's optimism has been met with a note of caution from some economists.
Safety investigations will continue into Toll and Virgin Australia's turboprop aircraft.
A hefty slide in commodity prices as well as an abrupt end to the banking rally dashed hopes the benchmark index might scale the elusive 6000-point mark anytime soon.
The relief high-income earners gain from the debt levy being axed may be very short-lived as the Turnbull government considers higher health taxes.
The country's biggest retail landlord, Scentre Group, has shrugged off concerns about the sector to unveil a solid first-quarter performance.
Steep gains in Telstra and Macquarie can't quite offset losses in miners following an overnight collapse in commodity prices.
Qantas has launched a new credit card promising more frequent flyer points at the same time as its loyalty scheme has helped power the airline's share price to an almost 10-year high.
It's the biggest gear shift in the history of Australia's car industry, and Holden's road from local manufacturer to full importer is proving to be not without its potholes.
Telstra ran a scare campaign in an attempt to maintain its dominant position in the mobile phone market in regional Australia, the consumer watchdog has claimed.
Telstra has had an important win in the battle for regional customers after the competition watchdog ruled the telecommunications giant should not have to share its network infrastructure with its competitors.
A budding Melbourne art company which manufactures enormous stage-show quality animals and life-like animatronics has signed a major industrial lease deal in Fishermans Bend.
Simon Birmingham has rejected Tony Abbott's claim that the coalition is "on a loser" if its disadvantages Catholic schools.
Staff are the new front in the retail war between Myer and David Jones as the two chains prepare for life headquartered in the same city.
Just five years after its initial public offering, Facebook is one of the 10 highest market-capitalised public companies in the world. But its gargantuan influence has become its biggest liability.
It's said that sex sells, but S, 3, X? Well, it would seem not.
Equity investors across the world are positioned for the nirvana of synchronised and accelerating global expansion led by China and the US.
Ferrari achieved a rare feat by generating profit margins on par with Apple, as the rich clamor for powerful and pricey supercars like the $2.1 million LaFerrari Aperta.
Iron ore is in full-scale retreat, with futures in China plunging to end limit-down on investor concern about demand.
The local sharemarket is set to drift lower at the open, following global markets down as investor caution returned.
Spot iron ore remains highly exposed to Chinese demand, which appears poised to ease as hope for supply tightness fades.
The Indonesian government has launched a $US2 billion ($2.6 billion) lawsuit against the company responsible for the worst oil spill in the history of Australia's offshore petroleum industry.
Debate is needed about the benefits and costs of merging under performing universities.
The small business ombudsman says the Australian Bankers' Association's response is disappointing and excludes many small businesses.
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