The Australian dollar opened higher on Friday on positive pieces of US economic data and a move back towards riskier assets.  At 0700 AEST on Friday, the local unit was trading at $US0.9108/12, up from Thursday's close of $US0.9072/75. Si...

Two armed men have robbed a Club X adult store in Melbourne's south-east.  Police said one man was armed with a large knife and the other a hammer when they entered the store in Scoresby Rd, Bayswater, and demanded cash from a lone store att...

Metcash Ltd has farewelled its chairman of 12 years and flagged the retirement of CEO Andrew Reitzer as the grocery and liquor wholesaler forecasts earnings growth this fiscal year.  Metcash says underlying earnings per share in fiscal 2011 ...

The Australian dollar opened one US cent stronger thanks to a good run economic data from US, China and Australia.  At 0700 AEST on Thursday, the local unit was trading at $US0.9111/15, up from Wednesday's close of $US0.9010/12. Since 170...

Australians have returned to the shops and are eating out more - but saving less, writes Kim Christian of AAP.  Economists say the turnaround in behaviour - from the dark days of the global financial crisis when consumers hung on to their wa...

The Australian dollar opened slightly stronger on Wednesday, trading in a tight range after a night of mixed economic signals from the US.    At 0700 AEST, the local unit was trading at $US0.8904/09, up from Tuesday's close of $US0.8893...

Centro Properties Group has narrowed its annual loss as property values stabilise, but the real estate investor faces a challenging future amid high debt levels and a complex management structure ,writes Drew Cratchley of AAP.  "Restructurin...

The Australian dollar opened lower on Tuesday after a US consumer spending report failed to allay fears about the American economy.  At 0700 AEST on Tuesday, the local unit was trading at $US0.8916/23, down from Monday's close of $US0.8979/8...

Centro Retail Group has returned to profitability due to more stable property valuations for its shopping centres in Australia and the United States. However the owner of over 400 retail properties has forecast a challenging year ahead as it dea...

The Australian dollar opened above 90 US cents on Monday after comments by the head of the US central bank lifted market sentiment on Friday night.  At 0700 AEST on Monday, the local unit was trading at $US0.9019/23, around one and a half US...

Australia's highest-profile sexual harassment lawsuit is about to be played out in court.  Lawyers for former David Jones boss Mark McInnes and publicist Kristy Fraser-Kirk will face off for the first time in Sydney's Federal Court on Monday...

Myer Holdings CEO Bernie Brookes has likened dealing with shareholders to "herding cats" and says he wishes the department store chain had remained a private company rather than listing on the Australian Stock Exchange.  Brookes also told a ...

The Australian dollar opened slightly lower on Friday as a mood of global uncertainty continues to hang over markets.  At 0700 AEST on Friday, the local unit was trading at $US0.8862/66, down from Thursday's close of $US0.8875/79. Since 1...

Woolworths has delivered a 10.1 per cent increase in full-year profit - and forecast further profit growth of between eight and 11 per cent in the current year.  The nation's largest grocery and liquor retailer reported a net profit after ta...

Ten Network Holdings Ltd says it has formed a joint-venture with US broadcaster CBS Studios International for a new digital multi-channel.  The channel, to be called Eleven, will launch in 2011, Ten said in a statement on Thursday. Ten wi...