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Australian stocks have closed flat, with a strong day from the major miners offset by weakness among the banks. The local market took its cues from a positive finish on Wall Street, opening up abou..
Personal wealth growth in Australia has outpaced Europe and the United States - but it lags behind Asia. The high exposure of superannuation funds to the share market was a major factor in climbing..
Borrowers are unlikely to get another interest rate cut on Tuesday, partly because the central bank governor is getting his wish - a falling Australian dollar. All but one of the 13 economists surv..
Credit continued to grow in April but still at the same plodding, non-threatening pace as the past few years, figures from the Reserve Bank of Australia show. The stop-start series of interest rate..
Elders has slumped to a hefty first half loss after poor weather and depressed livestock markets affected its agribusiness bottom line. The company posted a net loss of $303.2 million for the six m..
Origin Energy chief executive Grant King thinks difficult times for Australia's coal industry could continue as the US boosts coal exports in the years ahead.Mr King says the rising use of gas in the ..
US stocks have forged higher as weaker-than-expected economic news fuelled hopes the Federal Reserve will continue to keep its foot on the stimulus pedal. The Dow Jones Industrial Average on Thursd..
Queensland households will pay an extra $268 a year for electricity from July 1 - the most significant increase since 2009.The Queensland Competition Authority (QCA) announced the higher than expected..
Australian stocks closed at their lowest level for six weeks, dragged down by a dive in the iron ore price that hit the miners. It wasn't the only bad news around, with the Organisation for Economi..
Wesfarmers chief executive Richard Goyder believes intervening to save failing companies stifles innovation and discourages creativity. Mr Goyder says it is inappropriate for regulations to protect..
BC Iron says its Nullagine joint venture is now producing six million tonnes of iron ore per year in line with guidance. The Pilbara iron ore miner said the joint venture with Fortescue Metals Grou..
The baton hasn't actually fallen to the ground yet, but the handover from mining to the rest of the economy is not going at all smoothly. The latest capital spending and building approvals figures ..
Atlas Iron plans to make a decision on building a new mine by the end of the financial year after reiterating its overall production guidance. Shares in the emerging Pilbara iron ore miner fell 4.5..
Home building approvals had a big rise in April, a sign that last year's series of Reserve Bank of Australia interest rate cuts are helping the sector. The number of new homes approved for construc..
First, BHP Billiton warned that it was slashing costs due to a weak outlook for the coal market - now it has explained how it is doing it.Closer monitoring of the performance of staff will be central ..
The competition watchdog has given the green light to a potential takeover of agribusiness Elders by its rival Ruralco.Debt-laden Elders has been looking to sell its agricultural products business sin..
Tokyo stocks plunged more than 5 per cent on Thursday as jittery investors dumped shares on the back of a stronger yen and after Wall Street fell on concerns over global growth.The benchmark Nikkei 22..
US stocks closed lower amid concerns about global economic growth and the US Federal Reserve's plans for unwinding its aggressive stimulus program.At the closing bell, the Dow Jones Industrial Average..
BHP Billiton is set to sell more mines and has all but ruled out an expansion of its struggling coal division.The global resources giant told analysts that its main priority was simplifying and cuttin..
Australian stocks finished flat despite the big miners came back into favour amid weakness in the Australian dollar.Options Xpress market analyst Ben Le Brun said the local market had not followed on ..
Tatts Group is the latest gambling firm to launch legal action against the Victorian government over a levy expected to cost the company more than $42 million.Tatts said it commenced proceedings on We..
Australia's rate of economic growth in the coming months is expected to stay above it's long term average, a private survey shows.A rally on the share market, modest improvement in productivity and a ..
ANZ bank is to spend $425 million buying back some of its shares.The bank said it was comfortable with its capital position and would therefore undertake a share buyback to offset the dilutive impact ..
Westfield Group chairman and Australia's second-richest person Frank Lowy has defended his right to receive directors' fees.Mr Lowy also hit back at criticism the shopping centre operator's top execut..
The construction sector took another hit in the first three months of 2013, even with interest rates close to record lows.The amount of construction work done fell two per cent in the March quarter, f..
