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A significant shareholder in mining giants BHP Billiton and Rio Tinto has backed the federal government's stand on the minerals resources rent tax for its potential benefit to the wider economy. Fi..
The Australian share market finished firmly lower after battling headwinds on all fronts, with negative offshore leads, concerns about Greece's debt woes and disappointing Australian gross domestic pr..
The economy posted unexpectedly slow growth in the December quarter, but provided some good news on labour productivity. The economy's output of goods and services, measured by gross domestic produ..
Australian bond futures have fallen after concerns about Greece's debt swap deal and a European recession drove global stock markets and risk currencies lower. Westpac senior market strategist Dami..
Decisions by the major banks to raise interest rates independently of the official cash rate does not suggest an undermining of monetary policy, according to a central bank representative. Speaking..
A lower-than-expected growth reading for the Australian economy in the last three months of 2011 is not surprising, given recent data, economists say. Australian gross domestic product (GDP) rose b..
Stocks to watch on the Australian stock exchange at noon on Wednesday: AMC - AMCOR LTD - up 14 cents, or 2.05 per cent, at $6.94 Packaging maker Amcor will expand its flexible packaging business..
Monetary policy has a key role to play in the evolution of the Australian economy as it responds to structural change, the Reserve Bank of Australia (RBA) says. Addressing an economic forum in Sydn..
The Australian dollar has tumbled almost one US cent to its lowest level in six weeks on fears of a euro zone recession and nervousness about Greece's debt-swap deal. At 0630 AEDT, the Australian d..
A roundup of trading on major world markets: NEW YORK - US stocks opened sharply lower amid growth concerns as data confirmed that the euro zone appears headed into recession. The Dow Jones Indu..
