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Australia shares slump 1.4 pct from six-year highs in broad selloff
Australian shares tumbled 1.4 percent from six-year highs on Friday in a sharp fall across all sectors after Wall Street tumbled overnight as strong U.S. economic data stoked concerns the Federal Reserve may start its rate-tightening cycle sooner than expected.
Wesfarmers exhibition lights up the city's arts scene
Luminous World exhibition co-ordinator Helen Carroll at Launceston's Academy Gallery ... the Wesfarmers' Collection touring exhibition will be on show at the Inveresk gallery until September 21. Picture: PHILLIP BIGGS While the Wesfarmers' Collection celebrates Australian art dating back to colonial times and includes more than 900 works, this ... (more)
Western Gas Announces Second Quarter 2014 Distribution and Schedules Earnings Conference Call
This distribution represents a 4-percent increase over the prior quarter and a 16-percent increase over the second quarter of 2013.
Sydney Morning Herald
Market takes Target write-down in stride
The $680 million writedown pinned to Target shouldn't come as a surprise given the business' poor financial performance over the past few years, with the merchandise and apparel chain arguably the weakest performing division scooped up by Wesfarmers when it bought Coles in 2007, analysts said.