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Just over $31 billion was wiped from the value of Australian shares as Italy became the new centre of concern in the eurozone debt crisis. Both major share market indices fell the most in a month o..
Privatised rail operator QR National has ruled out job cuts even though lower than expected coal haulage volumes have forced it to implement cost-cutting measures. The reassurance - by QR National ..
Leighton Holdings has reaffirmed it will return to profitability this financial year with a profit of a much as $650 million as it tenders for $27 billion worth of work.The civil engineering and prope..
Insurance Australian Group (IAG) has received about 1,500 claims from floods in Thailand that it estimates will cost about $50 million. IAG operates two businesses in Thailand, which has been hit b..
Australia's jobs market is still healthy, official data shows, but economists warn it could worsen if Europe's debt crisis deteriorates.The unemployment rate fell marginally to 5.2 per cent in Octobe..
Fairfax Media chief executive Greg Hywood says trading conditions have not improved since August when the company delivered its fiscal 2011 results. My Hywood told shareholders at the company's ann..
Challenger's chief financial officer Brian Benari has been appointed to take over as chief executive next year. Mr Benari will succeed current CEO Dominic Stevens in February 2012, Sydney-based Cha..
The West Australian government has finalised an agreement with BHP Billiton and Rio Tinto to increase the royalty rate for iron ore "fines". The WA government cut a deal with the mining giants in J..
A roundup of trading on major world markets: NEW YORK - The Dow Jones industrial average dropped more than 400 points after Italy's borrowing costs soared and talks collapsed in Greece on forming a..
Stocks to watch on the Australian stock exchange early on Thursday: CSR - CSR LTD - up five cents at $2.41 CSR conceded its takeover of Viridian may have been a dud after the struggling glass di..
AirAsia chief executive officer Tony Fernandes is planning to start a new regional airline to compete with Australian carrier Qantas, a news report says. The Sun daily reported on Wednesday, quotin..
