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Engineering firm Downer EDI has won a $70 million contract to perform structural, mechanical, piping and electrical work at the Technical Ammonium Nitrate Plant project on the Burrup Peninsula in West..
US stocks have soared and investors pushed the S&P 500 to its second record close in three days on signs of easing tensions over Ukraine. The Dow Jones Industrial Average surged 227.85 points (..
Increased mining exports helped lift the pace of economic growth in the final three months of 2013, but other sectors of the economy are still weighing on growth. Australia's economy expanded by 0...
The Australian share market has closed higher as investors await further developments on Russia's incursion into Ukraine. OptionsXpress market analyst Ben Le Brun said the market on Tuesday had a n..
The Reserve Bank is reluctant to make a change to the cash rate in the coming months, after its sixth straight decision to leave it at a record low. "On present indications, the most prudent course..
Building approvals are up for the first time since September, a sign the housing sector is set for a sustained recovery. Approvals for the construction of new homes rose 6.8 per cent across Austral..
Building approvals are up for the first time since September, a sign the sector is set for a sustained recovery that will help offset a downturn in mining construction. Approvals for the constructi..
Toys, clothing, confectionery and film distributor Funtastic is set to sell its film and television distributor and rights management company, Madman Entertainment. Madman Entertainment showcases A..
Virgin Australia says it is pleased with the government's decision to support greater foreign ownership of rival Qantas. The government has announced it wants to repeal a section of the Qantas Sale..
Stocks to watch on the Australian stock exchange at noon on Tuesday: AGK - AGL ENERGY - down 46 cents, or 2.98 per cent, at $14.97 Australia's consumer watchdog says it will oppose AGL Energy's ..
The SeaLink Travel Group has renewed contracts to operate ferry services in north Queensland for another five years. The transport operator will continue running ferry services from Townsville to t..
Australia's current account deficit is shrinking, thanks to a surge in mining and resources exports.The balance of payments deficit fell to $10.139 billion in the December quarter, seasonally adjusted..
The consumer watchdog has opposed AGL Energy's planned $1.5 billion takeover of two NSW government owned power stations.The Australian Competition and Consumer Commission (ACCC) says the proposed purc..
US stocks have fallen sharply as investors recoiled from equities in the face of mounting tensions over Ukraine. The Dow Jones Industrial Average dropped 153.68 points (0.94 per cent) to 16,168.03 ..
US stocks have fallen sharply as investors recoil from equities in the face of mounting tensions over Ukraine. At the closing bell on Monday, the Dow Jones Industrial Average fell 154.83 points (0...
Australian stocks have fallen due to concerns about the crisis in the Ukraine, but a recovery in afternoon trade meant losses were modest. Data showing a healthy Australian business environment spu..
Job advertisements rose by more than five per cent in February to their largest number in eight months. The growth in job ads comes after the unemployment rate hit six per cent in January, its high..
WorleyParsons has won a $Can130 million ($A132 million) contract to provide engineering and procurement work for a bitumen refinery project in Canada. The North West Redwater new bitumen refinery p..
The number of new home sales increased by 0.5 per cent in January, after a small fall in December, data from the Housing Industry Association (HIA) shows. January's new home sales were also up 17 p..
Inflation is rising towards the top of the Reserve Bank of Australia's target range, putting pressure on the central bank to raise interest rates, according to a survey of price movements. The TD S..
The National Australia Bank has cut its fixed interest rate for two-year terms to the lowest level in more than 20 years. The bank cut its two-year fixed interest rate by 0.05 per cent to 4.84 per ..
Beverages supplier Coca-Cola Amatil will pay former chief executive Terry Davis $150,000 a year for three years in exchange for him not working for competitors in Australia. Mr Davis on Monday step..
The Australian market looks set to open higher after the S&P 500 hit a new record peak with investors were generally optimistic about growth in the US economy. At 0645 AEDT on Monday, the March..
AMP chairman Peter Mason will step down at the company's annual general meeting in May. Mr Mason, who has been chairman of the company for eight years, will be replaced by former Macquarie Group ex..
The Australian dollar is weaker as escalating tension between the Ukraine and Russia dilutes appetite for riskier assets. At 0700 AEDT on Monday, the local unit was trading at 89.01 US cents, down ..
