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Thai floods to cost Insurance Australia Group about $50m

Insurance Australian Group estimates claims from floods in Thailand will cost about $50 million.

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Australian unemployment rate falls to 5.2% in October

Official data shows Australia's jobs market is still healthy but economists warn things could change for the worse if Europe's debt crisis deteriorates.

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Fairfax Media says trading conditions are still tough

Fairfax Media chief executive Greg Hywood says trading conditions have not improved since August when the company delivered its fiscal 2011 results.

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Challenger names new CEO

Challenger's chief financial officer Brian Benari has been appointed to take over as chief executive next year.

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Higher royalties for BHP, Rio

The West Australian government, BHP Billiton and Rio Tinto have finalised an agreement that will lift the royalty payable on iron ore fines products.

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US, European stocks drop

News from the world’s major stock markets

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