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The bad news for borrowers is it looks like the Reserve Bank of Australia's interest rate reduction cycle is coming to an end, with economists divided on the chances of another cut. All 13 economis..
Billionaire miner Andrew Forrest has stepped down as chairman of Poseidon Nickel, one week before the company is due to repay him an $8 million loan. Mr Forrest has resigned from the board due to h..
Virgin Australia boss John Borghetti's take home pay fell by less than two per cent to $2.66 million last financial year, despite the airline falling to a $98 million loss. Mr Borghetti's remunerat..
Shares in Pumpkin Patch have been the best performer on New Zealand's benchmark index as the children's clothing retailer turned to a profit in 2013. Pumpkin Patch shares rose five per cent to $NZ1..
Toll road owner Transurban is considering bidding for Sydney's Cross City Tunnel, which has been placed in receivership for the second time. Transurban has indicated it is looking into the possibil..
Australia's largest automotive retailer says the outlook for car sales is encouraging, especially since proposed changes to the fringe benefits tax (FBT) were dumped. Automotive Holdings Group (AHG..
Harvey Norman chairman Gerry Harvey's annual pay remained steady at $1.03 million last financial year, as the company's profit dropped by 17.5 per cent. Mr Harvey's base salary of $723,000 in 2012/..
The Australian stock market is modestly higher, putting it on track for a seventh consecutive week of gains. It has followed the lead of US stocks, which made overnight gains despite political jock..
US stocks have risen for the first time in six days after some encouraging jobs and housing market data. The Dow Jones Industrial Average rose 55.04 points (0.36 per cent) to 15,328.30. The broa..
A boost to the big mining companies from a strengthening iron ore price has pushed Australian shares higher. For a second consecutive day, local investors managed to overlook a US budget deadlock, ..
Only eight per cent of Australia's biggest companies have a clear plan to improve the number of women in senior roles. Advocacy group Women On Boards says Australian companies needed to more rigoro..
BHP Billiton says the environmental assessment of its multi-billion-dollar Scarborough joint venture is progressing well amid support from the West Australian government. Joint venture partner Exxo..
Australia needs to build many more houses and apartments if it wants to put the brakes on price rises and improve affordability, according to one of the country's top bankers. ANZ Australia chief e..
Pathology and radiology provider Sonic Healthcare is buying German laboratory business Labco for 76 million euros ($A110.58 million). Labco operates five laboratories in west and south west Germany..
Whitehaven Coal has won the latest court battle over its new coal mine in northern NSW.The Federal Court in Sydney has thrown out a bid by an environmental group to stop work at the Maules Creek mine,..
BHP Billiton has raised $US5 billion ($A5.37 billion) on global bond markets. The maturities of the funds ranged from three to 30 years. The longest dated bonds were $US2.5 billion in securities..
Takeover target Warrnambool Cheese and Butter Factory (WCB) has rejected Bega Cheese's $319 million offer as too low and not having a high enough cash component."The board of WCB, together with its ad..
US sales of new homes bounced back in August after July's slump, though the pace remained slower than the first quarter of the year, the Commerce Department has reported. New home sales rose to an ..
US stocks ended a volatile day lower as investors remained cautious over the lack of progress in Washington budget talks. The Dow Jones Industrial Average lost 61.33 (0.40 per cent) at 15,273.26. ..
The Australian share market is higher, led by stocks in the energy and consumer goods sector. But there appeared to be no major driver behind the gains, with CMC Markets chief market strategist Mic..
The Reserve Bank of Australia is worried about self managed superannuation funds. Their potential to do some real damage, if not managed carefully, is a theme running through the RBA's half yearly ..
The Queensland government has extended wagering firm Tabcorp's Keno licence to 2047. The government in April announced it would extend Tabcorp's Keno licence, which was due to expire in 2022, by 25..
Telstra's decision to fire more than 1000 workers has been criticised by unions who say the number of faults on the telco's copper network - and its profits - are as high as ever.Telstra says the cuts..
Telstra is sacking 1,100 workers, drawing criticism from unions who say the number of faults on the telco's copper network, as well as its profits, are as high as ever.Telstra says the cuts to its ope..
Australian shares are higher, despite a weak lead from Wall Street. The local market's one-third of a per cent gain reflects normal market conditions rather than any specific data catalyst, Wealth ..
