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Government likely to cut middle-class welfare in the budget: St George

Middle-class welfare is likely to be the focus for cuts when the federal government announces its budget, says St George chief economist Hans Kunnen.

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Leighton shares dip in toll road delay

Construction giant Leighton Holdings has announced that completion for Brisbane's Airport Link toll road has been pushed back till late August.

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Building and retail sales data strong but won’t stop rate cut

Retail trade and residential building approvals were unexpectedly strong in March, but unconvincingly so against the background of other weak data.

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Commonwealth Bank cuts 100 jobs in Victoria

Commonwealth Bank will cut about 100 jobs in Melbourne as it scales back its mortgages business to deal with weak demand.

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Orica still bullish despite drop in half year net profit

The new boss at explosives supplier Orica has come out swinging saying the company is riding high on the mining boom despite a horror year from a PR perspective

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US stocks slump

News from the world’s major stock markets

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