NEWS.com.au | Business | Business Breaking News

US stocks sink after global rout

Thu, 23 May 2013 15:28:17 GMT

A LITTLE more than an hour into Thursday trade, the Dow Jones Industrial Average was down 68.35 points (0.45 per cent) to 15,238.82.

Ralph Lauren's 4Q profit rises 35 pct

Thu, 23 May 2013 15:12:27 GMT

RALPH Lauren is reporting net income of $US127.2 million ($A131.94 million), or $US1.37 per share, for the three months that ended on March 30.

US new home sales up 2.3 percent in April

Thu, 23 May 2013 15:12:26 GMT

THE Commerce Department said on Thursday new-home sales rose to a seasonally adjusted annual rate of 454,000 in April, up 2.3 per cent from March.

US unemployment applications fall

Thu, 23 May 2013 15:12:18 GMT

APPLICATIONS for unemployment aid declined to a seasonally adjusted 340,000 in the week ending May 18, the Labor Department said on Thursday.

Hong Kong shares close down 2.54%

Thu, 23 May 2013 11:18:20 GMT

HONG Kong shares have closed down 2.54 per cent following weak Chinese data.

Tokyo shares plummet 7.3%

Thu, 23 May 2013 10:55:42 GMT

PANIC selling has seen Japanese shares plunge 7.3%, the biggest fall since 2011's tsunami disaster.

European stocks dive after Tokyo plunge

Thu, 23 May 2013 09:58:16 GMT

EUROPEAN stocks have dived in early trade after the Tokyo bourse plunged more than seven per cent.

Holden, Toyota commit to Australia for now

Thu, 23 May 2013 09:18:39 GMT

THE last two car makers standing in Australia: Holden and Toyota, have reaffirmed their commitment to the country, for now.

DuluxGroup stops paint supplies to Masters

Thu, 23 May 2013 08:37:19 GMT

DULUX and Cabot's paint and woodcare products will no longer be sold at the Masters and Danks hardware stores, DuluxGroup says.

Aust stocks lower as $32b wiped off market

Thu, 23 May 2013 07:39:23 GMT

THE Australian stock market suffered its biggest one-day fall in two months amid broad-based selling.

$A falls as $US soars

Thu, 23 May 2013 07:39:18 GMT

THE Australian dollar has fallen to a one-year low against its resurgent US counterpart.

No big recovery in housing sector: JHardie

Thu, 23 May 2013 07:22:47 GMT

BUILDING products maker James Hardie expects the Australian housing market to remain flat to slightly higher over the year.

Aust bonds weaker on Bernanke comments

Thu, 23 May 2013 07:08:49 GMT

AUSTRALIAN bodn futures prices are lower following US Federal Reserve chairman Ben Bernanke's testimony to Congress.

Stocks to watch at close on Thursday

Thu, 23 May 2013 06:42:26 GMT

STOCKS of interest on the Australian Securities Exchange at close on Thursday

Bank of Japan moves as bond yield spikes

Thu, 23 May 2013 06:36:21 GMT

THE Bank of Japan has announced a Y2 trillion fund-supplying operation after the yield on the benchmark 10-year Japanese government bond hit 1.0 per cent.

NZ shares fall as US, China in focus

Thu, 23 May 2013 06:24:07 GMT

THE New Zealand stock market fell as investors questioned the strength of China's economy and policy in the US.

NZ dollar falls to eight-month low

Thu, 23 May 2013 05:40:32 GMT

THE New Zealand dollar has fallen to an eight-month low and it is expected to come under further pressure.

Xero doubles revenue, posts loss

Thu, 23 May 2013 04:49:16 GMT

ACCOUNTING systems provider Xero has rewarded investors but it is still reporting losses as it expands offshore.

US stocks edge higher before Bernanke test

Thu, 23 May 2013 04:20:26 GMT

US stocks have opened slightly higher, ahead of congressional testimony by Federal Reserve head Ben Bernanke.

Veolia Transport almost doubles profit

Thu, 23 May 2013 03:34:22 GMT

THE French company which runs commuter trains in Auckland has increased revenue and profit and is controlling costs.

Powerful $US pushing $A lower

Thu, 23 May 2013 02:13:13 GMT

AN improving US economy and a higher greenback is pushing the Australian dollar to new lows.

Hong Kong stocks open 0.81% lower

Thu, 23 May 2013 02:04:29 GMT

HONG Kong stocks have opened 0.81 per cent lower on Thursday, reflecting falls on Wall Street.

Job cuts expected in Telstra restructure

Thu, 23 May 2013 02:03:49 GMT

JOB cuts are expected at the nation's largest telco after Telstra unveiled a major restructure to its business units.

AACo property fails to sell at auction

Thu, 23 May 2013 01:40:18 GMT

THE auction of a Queensland property owned by cattle farmer Australian Agricultural Company's has failed to result in a sale.

AOFM sells $500m of Treasury notes

Thu, 23 May 2013 01:08:21 GMT

THE AOFM has sold $500 million of Treasury notes that mature on August 23, 2013.