Westpac approaches St George over merger
AAP - Monday May 12, 09:16 AM
Westpac Banking Corporation has approached St George Bank about a proposed merger between the two.

BG Group given month for Contact offer
AAP - Monday May 12, 08:14 AM
The bidder for Origin Energy has received a Takeovers Panel exemption from having to make any immediate takeover offer for Contact.

China forms company to make jumbo jets
AAP - Monday May 12, 08:05 AM
China has established a company to build regional commercial jets, with an eye to eventually reducing the country's reliance on Boeing and Airbus.

Aussie stock market to open lower
AAP - Sunday May 11, 04:19 PM
The Australian stock market is tipped to open slightly lower on Monday following a weak lead from Wall Street on Friday night.

NAB wants to expand wealth business
AAP - Sunday May 11, 03:04 PM
National Australia Bank, which on Friday delivered an interim profit in excess of $2 billion, said it would like to expand its wealth business.

Oil price hikes up on Venezuela concerns
AAP - Saturday May 10, 06:52 AM
Oil rose above $US126 a barrel for the first time on Friday, on concerns Venezuela could cut oil exports to the US.

US March trade gap thins on import drop
AAP - Saturday May 10, 06:38 AM
A record drop in US imports because of slowing domestic demand took a big bite out of the US trade deficit in March despite record high oil prices.

Citigroup predicts 9% revenue growth
AAP - Friday May 9, 11:44 PM
Citigroup says it's aiming for nine per cent revenue growth as it looks to rebound from struggles tied to deterioration in the mortgage and credit markets.

US trade gap narrows on import drop
AAP - Friday May 9, 11:40 PM
The US trade deficit narrowed more than expected in March on a record plunge in imports, a Commerce Department report showed.

Profits show big banks weathering storm
AAP - Friday May 9, 07:45 PM
Australia's major banks have proven resilient in the face of the global credit crunch, says an industry survey.

Yilgarn, Midwest end stoush
AAP - Friday May 9, 06:55 PM
Yilgarn Infrastructure says it would have made sense for iron ore miner Midwest to have appointed Yilgarn as its Oakajee port developer sooner.

Crescent Gold shares jump 22%
AAP - Friday May 9, 06:45 PM
Shares in WA gold producer Crescent Gold Ltd jumped on news it had repaid its $25 million project loan and gold loan with Investec Bank Australia Ltd.