$A slips as traders eye April rate cut

Expectations of another interest rate cut after Easter have weakened the Australian dollar. The currency dipped on Monday afternoon to be worth 77.23 US cents at 1700 AEDT, down from 78.01 cents on Friday. ...

  • Novogen shares surge on drug data AAP - 44 minutes ago

    Shares in drug discoverer Novogen have surged after the company said its experimental anti-cancer drug Cantrixil killed human ovarian stem cells. Novogen, which is listed on the Australian Securities Exchange and the Nasdaq index in the United States, said studies had shown the drug had been highly effective in both in-vitro and animal studies. The study will mainly target ovarian cancer and colo-rectal cancer. Shares in Novogen were three cents, or 15.79 per cent, higher at 22 cents.

  • Shares plunge on weak commodity prices AAP - 45 minutes ago

    The share market has tumbled more than one per cent as the energy sector bears the brunt of fresh falls in the oil price. Mining stocks also suffered as iron ore prices plunged four per cent to their lowest ...

  • Skydiving deaths won't alter takeover plan AAP - 49 minutes ago

    Newly listed Skydive the Beach says its plans to buy Australia Skydive are not affected by the death of two skydivers during a jump at Byron Bay in NSW. Experienced skydivers Michael Vaughan and Alana Clarke plummeted to the ground when their parachutes became tangled during a dive from 4000 feet (1200 metres) on Friday. The pair was involved in a week long training course with Australia Skydive, which Skydive The Beach intends to take control of after raising new funds in its share market listing. "The board has concluded that the accident is unlikely to have a material adverse financial effect on Australia Skydive or on the financial forecasts included in the replacement prospectus in relation to Australia Skydive," it said.

  • Govt told not to change dividend tax rules AAP - 52 minutes ago

    Shareholders have warned against tampering with rules that provide tax benefits on dividends. The federal government's tax discussion paper asks if the dividend imputation system - which prevents companies and shareholders both paying tax on profits - is serving Australia well as the economy opens up to overseas investors. The paper says the current imputation system may do little to attract foreign investment and questions whether it is appropriate in a global economy. "It's simple, it's straightforward, it's very understandable," chairman Ian Curry said.

  • Origin slapped with $2m fine AAP - 1 hour 7 minutes ago
    Origin slapped with $2m fine

    Origin Energy has been fined $2 million after the Federal Court found it guilty of illegal door-to-door sales. Federal Court judge Justice Anna Katzmann said Origin and its marketing company SalesForce had exploited vulnerable consumers in their own homes in order to get them to sign energy contracts. "In each case the sales representative practised deceptions on the consumers in order to secure their custom," she said in her judgment. Justice Katzmann found Origin and SalesForce guilty of unconscionable conduct, undue harassment or coercion, false or misleading representations and in breach of consumer law provisions.

  • Aussie Beer made in China AAP - 1 hour 10 minutes ago
    Aussie Beer made in China

    A liquor wholesaler has been fined $10,200 for trying to pass off a beer brewed in China as Australian. Aussie Beer had green and gold labelling featuring the slogan `Australia's finest malt', plus the words `100% owned' within a map of Australia. The Independent Liquor Group, which includes the Little Bottler, Super Cellars and Pubmart chains of bottle shops, supplied Aussie Beer between March and August 2014. The Australian Competition and Consumer Commission said the packaging was misleading and breached consumer law.

  • Hockey a hypocrite on bank tax: Bowen AAP - 1 hour 14 minutes ago
    Hockey a hypocrite on bank tax: Bowen

    Federal Labor says if Treasurer Joe Hockey goes ahead with a flagged bank tax it will show he stands for nothing. "More than all his other mistakes, more than everything else he's done, this underlines that Joe Hockey stands for nothing," shadow treasurer Chris Bowen told reporters in Sydney.

  • Guangdong tells PanAust to take lower bid AAP - 1 hour 16 minutes ago

    Shares in gold and copper miner PanAust have rocketed after a heavily reduced takeover bid by Chinese company Guangdong Rising Assets Management. Shares in the Australian-listed Laos-focused takeover target closed 49 cents, or 40 per cent higher at $1.715. The Chinese state-owned resources company has made a $1.71 a share offer for PanAust, valuing the company at $1.11 billion. Guangdong said in a letter to PanAust shareholders that the offer provided them with the certainty of cash when there was a range of risks to its share price.

  • Aussie bonds firm as iron ore price slumps AAP - 1 hour 23 minutes ago

    Australian bonds have firmed as iron ore prices slumped to a seven-year low. This weakness in commodity prices is adding to expectations the Reserve Bank will cut interest rates in April to a new record ...

  • Aust shares fall on weak commodity prices AAP - 1 hour 25 minutes ago

    Australia's share market has tumbled more than one per cent as the energy sector bears the brunt of fresh falls in the oil price. Energy stocks fell more than 4.5 per cent amid talk of easing sanctions ...

  • Stocks to watch at close on Monday AAP - 1 hour 40 minutes ago

    Stocks to watch on the Australian stock exchange at close on Monday: ANZ - ANZ BANKING GROUP - down 44 cents, or 1.2 per cent, at $36.36 CBA - COMMONWEALTH BANK - down $1.24, or 1.3 per cent, at $93.10 ...

  • Aust shares close lower AAP - 1 hour 42 minutes ago

    The Australian share market has closed lower, with energy stocks retreating 4.5 per cent on fresh falls in the oil price. At the close on Monday, the benchmark S&P/ASX200 index was 73.8 points, or 1.25 ...

  • Shares dive on Chevron twin exits AAP - 1 hour 48 minutes ago

    Chevron's exit from two major Australian investments has raised concerns about the nation's reliance on oil and gas earnings as shares in the sector dive. Late on Friday, the global oil and gas giant made a $4.6 billion exit from its 50 per cent stake in fuel distributor Caltex and walked away from the country's biggest unconventional oil and gas exploration venture. Caltex welcomed the oversubscribed sale but its shares along with Beach Energy and Icon Energy, partners in the South Australian Cooper Basin shale project, fell heavily. Friday's announcements were sudden but not a surprise as Chevron flagged plans earlier this month to sell up to $US15 billion in assets by 2017.

  • Mark Powell to depart Warehouse by Feb 2016 after 4 … BusinessDesk - 2 hours 9 minutes ago

    Mark Powell will step down as chief executive of Warehouse Group by February 2016 after 14 years, the last four as chief executive that saw him revamp the retailer's so-called 'Red Sheds' and steer its online strategy. Auckland-based Warehouse will now embark on a search for a new CEO, in what it says will be an orderly succession. Powell has overseen a $100 million 'refresh' programme for the Warehouse stores that the company says has delivered 17 quarters of sales growth. Earlier this month, Warehouse posted a 19 percent drop in first-half profit and its forecast for annual earnings, saying it was turning its focus to reducing costs and improving its products and productivity.

  • Airlines agree on new cockpit rules AAP - 2 hours 17 minutes ago
    Airlines agree on new cockpit rules

    Australian airlines must have two crew members in the cockpit at all times, under a deal struck with the industry after the Germanwings plane crash. The pilot of the plane, which is believed to have been deliberately crashed into the French Alps, was locked out of the cockpit by his co-pilot. Domestic and international airlines will have to comply with the new rule immediately, Transport Minister Warren Truss announced on Monday. Mr Truss says aviation agencies will work with the industry and airline staff on further improvements, such as the requirements for medical testing, including mental health, of all flight crew members.

New Zealand Markets

Company Finances

  • Why Denny's Sounds Like a Chill Teenager on Social Media Entrepreneur - Sat, Mar 28, 2015 1:00 AM NZDT
    Why Denny's Sounds Like a Chill Teenager on Social Media

    Find out how this restaurant chain was able to go viral with one of the most unique social-media strategy in the business.

  • Lab beef a reality in 10 years: scientist AAP - Fri, Mar 27, 2015 10:03 PM NZDT
    Lab beef a reality in 10 years: scientist

    Laboratory beef could surpass the real thing within 10 years to solve environmental and animal welfare problems, while remaining just as tasty, a Dutch scientist says. Mark Post, Professor of Physiology at Maastricht University in the Netherlands, 18 months ago oversaw the creation of the first "cultured beef" burger made of stem cells from cow muscle tissue. "They recognise the same problems, probably better than anybody else, and they see there could be alternatives," Professor Post told reporters in Darwin on Friday, where he was a guest speaker at the Northern Territory Cattlemen's Association annual conference. Initially, it will be considered a luxury product, with an appeal to those with environmental and animal welfare concerns.

  • Diet sodas fall in US; Pepsi takes back No. 2 spot Associated Press - Fri, Mar 27, 2015 11:05 AM NZDT
    Diet sodas fall in US; Pepsi takes back No. 2 spot

    Americans bought less soda for the 10th straight year in 2014, with diet sodas shrinking more than their sugary counterparts, according to a report released Thursday. An annual report by the industry tracker ...

  • New Samsung, HTC phones coming April 10 in US Associated Press - Fri, Mar 27, 2015 9:25 AM NZDT
    New Samsung, HTC phones coming April 10 in US

    New phones from Samsung and HTC will be available in U.S. stores starting April 10. Advance orders for the new HTC One begin Friday, and those customers might receive their phones before April 10. Orders ...

  • Bleisure: Korean barbecue, karaoke for biz travelers to NYC Associated Press - Fri, Mar 27, 2015 3:09 AM NZDT
    Bleisure: Korean barbecue, karaoke for biz travelers to NYC

    New York City is a 24/7 kind of place. That makes it easy for business travelers to squeeze a little sightseeing in after a day of meetings. Take in a Broadway show and late dinner, or a nighttime view ...

  • Early movers: LULU, SNDK, CAG, WGO, MCD & more CNBC - Fri, Mar 27, 2015 12:59 AM NZDT
    Early movers: LULU, SNDK, CAG, WGO, MCD & more

    These are the stocks posting the largest moves before the bell.

  • Heinz-Kraft deal: The stories behind the brands Associated Press - Thu, Mar 26, 2015 11:30 AM NZDT
    Heinz-Kraft deal: The stories behind the brands

    The combination of H.J. Heinz Co. and Kraft Foods Group Inc. will bring many of America's oldest and best-known brands under the same corporate roof. Here's a look at the history behind some of those products: ...

  • HJ Heinz buys Kraft to build $28 billion food giant Associated Press - Thu, Mar 26, 2015 11:23 AM NZDT
    HJ Heinz buys Kraft to build $28 billion food giant

    Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world's largest ...

  • Disruption Yet Again: 3 New Technologies That Will Transform Marketing Entrepreneur - Thu, Mar 26, 2015 9:00 AM NZDT
    Disruption Yet Again: 3 New Technologies That Will Transform Marketing

    Smart devices give access to new sources of data that can be used to enrich relationships with customers.

  • What the Kraft-Heinz deal means for food mergers CNBC - Thu, Mar 26, 2015 5:01 AM NZDT
    What the Kraft-Heinz deal means for food mergers

    The merger of Kraft and Heinz could pave the way for future food mergers, but dealmaking will likely dip in the near term, analysts tell CNBC.