Luxury department store David Jones says it may increase dividends as profits improve. Chief executive Mark McInnes told journalists the business was in ‘‘terrific shape’’. ‘‘Our gross margins are good, our costs are good, our inventories are clean, our debt is low,’’ he

Both nations “deserve to keep the Aaa rating” and “the likelihood of a default is so small, particularly in the U.S. because all we do is print money to pay it back,” he said in response to questions after a speech in London yesterday. “The notion of a default is so absurd, it’s

The closing of the local market a handful of points higher yesterday (it was up 7.3 points to 4521.4) brought the Australian Securities Exchange's benchmark ASX200 index back to almost exactly where it was a week earlier. In between, billions were made and lost on positive and negative swings

By Rebecca Christie “Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. “That will never happen to this country.” Geithner said investors around the world turn to U.S. Treasury securities and