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Downer EDI wins $70m contract

Downer EDI has won a $70 million contract to perform engineering work at an ammonium nitrate plant project in Western Australia.

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US stocks soar as Ukraine tensions ease

US stocks soar, with the S&P 500 reaching its second record high in three sessions, as tension between Russia and Ukraine ease.

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Exports help economic growth pick up pace

Australia's economy grew by 0.8 per cent in the December quarter, for an annual rate of 2.8 per cent, better than most economists had expected.

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Banks lead Aussie share market higher

The Australian share market has closed higher as investors temper their fears of a worsening crisis in Ukraine.

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RBA reluctant to move rates for some time

The central bank has kept the cash rate unchanged at 2.5 per cent, citing an improvement in the local home construction sector and business confidence.

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Housing sector shows sign of life

Approvals for the construction of new homes rose 6.8 per cent across Australia in January, stronger growth than expected by economists.

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