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Australian dollar closes higher

The Australian dollar has closed higher after rising back above 103 US cents during the local trading day.

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Former Qantas executive to lead Tiger

Tiger Airways has appointed former senior Qantas executive Rob Sharp to run its Australian operations.

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Santos to search in NT for gas, oil

Energy giant Santos says it will spend $100 million looking for oil and gas in the Northern Territory.

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Garnaut says MRRT highly flawed

Economist Ross Garnaut says state royalties and the ability of big miners to cite the market value of their mines has helped cut the MRRT take.

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Aquila hammered on JV pull out

Japanese firm Sumitomo has chosen not to proceed with a joint-venture with Aquila Resources on a coal exploration project in Queensland.

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Vector gets nod for Contact’s gas meters

Vector can buy Contact's gas metering service in the North Island for $63m after NZ's Commerce Commission decided it wouldn't affect competition.

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