At the core of AAP Newswire is our unbiased, 24/7 breaking newswire that feeds the latest news from Australia and the world. Supported by over 200 journalists, AAP Newswire provides the news that matters.
US stocks have finished higher following a busy day of corporate earnings and a report showing the highest level of existing-home sales in eight months.
The chief of resources giant BHP Billiton has urged Labor and the minor parties to help the Abbott government repeal the mining tax, saying investment is being destroyed by "a lot of antics" in the Senate.
About 80 per cent of Australia's exports will go to Asia by 2020 as the region's growing middle class demands high quality food and education and looks to holiday overseas.
US stocks have finished lower as geopolitical worries weighed on sentiment during the first trading session of a busy week of corporate earnings reports.
The Australian share market has closed modestly higher as investors put aside geopolitical concerns arising from the shooting down of Malaysia Airlines flight MH17 and focused on company earnings reports in the United States.
A slowdown in consumer demand is expected to have helped keep a lid on inflation in the June quarter, allowing the Reserve Bank to keep the cash rate at record lows.
Property developer Australand said it is on track to lift its annual earnings even if a $2.6 billion takeover offer from a Singapore company falls through.
The Australian share market has edged higher despite local investors and markets around the world being unnerved by the shooting down of Malaysia Airlines flight MH17 in eastern Ukraine.
Resources companies will have to pay their next instalment of the mining tax after the federal government today rejected an overnight attempt by the Senate to retain funding mechanisms, despite voting to abolish the tax.