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Oil Search's liquefied natural gas project in Papua New Guinea remains on track to deliver its first gas sales next year, despite overall costs blowing out to billion.
Consumer and business confidence in Australia should rebound in 2013 if the global economy stays relatively stable, says Commonwealth Bank chief executive Ian Narev.
Federal Labor has accused the coalition of a "staggering backflip" after the opposition signalled it might keep the government's extension of the petroleum resource rent tax to onshore projects.
A tax exemption on superannuation earnings supporting pensions and annuities will be capped at $100,000, and anything above that level taxed at a rate of 15 per cent, the federal government has ann
US stocks closed a choppy day of trading higher after Japan's monetary stimulus plan boosted sentiment.The Dow Jones Industrial Average rose 55.76 (0.38 per cent) to 14,606.11.
Prime Minister Julia Gillard has touted Australia's friendship with China on the eve of her visit to the regional powerhouse, saying only Labor has a plan to engage with fast growing Asian markets.
Opposition leader Tony Abbott has indicated a federal coalition government would not invest in state urban rail projects, insisting the Commonwealth should “stick to its knitting” of funding roads.
The competition watchdog isn't satisfied with the national broadband network builder's plan governing wholesale broadband pricing and access to its infrastructure.
Australia's trade deficit has shrunk by more than $1 billion and demand for its mineral resources is set to increase as China's manufacturing and services sectors continue to expand.
The head of Australian oil and gas producer Santos has rejected claims one of its major Queensland coal seam gas projects wasn't subjected to a rigorous approval process.