AAP

Perpetual has flagged a massive profit slide and pay cuts for its board as it begins a major restructure that involves the loss of hundreds of jobs.

Prime Minister Julia Gillard says Australians can be proud of their economy which continues to grow and add jobs.

Billionaire Kerry Stokes' positioning for a possible bid for Consolidated Media Holdings was most likely serious but unlikely to succeed, analysts say.

Three of the nation's leading editors have quit as Fairfax Media continues the radical overhaul of its news business.

Australian stocks have opened lower, led by falls in the resources-related sectors as market players looked past a positive lead from offshore markets.

Wet weather has contributed to a reduction in Australian gold production at the start of 2012, a report says.

The biggest office relocation in Western Australia's history is under way, with about 3,000 BHP Billiton workers moving into Perth's newest building.

Governments, banks and households struggling with too much debt are dragging down the world's economy and more needs to be done to make the banking system safer, a global organisation of central ba

Any chance of US markets enjoying a rally last week were torpedoed by warnings about weaker US growth and a sweeping indictment of the world's largest banks.

The Australian dollar is more than one US cent lower on weak manufacturing figures from China, and continued economic uncertainty in the eurozone.

Australian shares finished almost one per cent lower due to widespread concerns about global growth.

Westpac Bank has made contingency plans in case wholesale funding markets dry up due to global jitters.

The families of some of the Sundance Resources directors who were killed in a plane crash en route to the company's West African iron ore project have launched legal proceedings against the firm.

Scaffolding workers on the Perth Arena project have downed tools for the second time in three weeks, this time over non-payment of superannuation contributions.

Qantas won't go under if rival Etihad expands into the local market but tough choices have to be made about the Australian airline's future, Shadow Treasurer Joe Hockey says.

Woodside Petroleum has let lapse a supply agreement for its Browse project worth up to $45 billion.

Australian stocks have opened weaker amid broad-based declines as local investors took their cues from a horrid night on offshore markets.

Fortescue Metals Group says it can beat the federal government's mining tax in a legal challenge that will thrash out the century-old states versus Commonwealth rights debate.

BHP Billiton has committed $US845 million to opening a new mine at its Illawarra Coal business in NSW.

Engineering firm Downer EDI has won a $73 million contract to build locomotives for iron ore miner Fortescue Metals Group.

The Australian dollar has fallen to a one-week low after weak manufacturing data from the US and China sparked renewed concerns about global economic growth.

US stocks have slid sharply, with the Dow Jones Industrial Average sinking two per cent, as disappointing economic data from China and Europe followed the Federal Reserve's slashing its growth fore

The Australian dollar is a a third of a US cent lower after data showed China's manufacturing sector continued to contract.

The Australian share market closed sharply weaker on negative economic news.

Myer shares have slumped to a record low, but chief executive Bernie Brookes insists the troubled department store chain has a positive future.

Mining giants BHP Billiton and Rio Tinto will not be affected by new laws in the United Kingdom requiring firms to list their greenhouse gas emissions because they say they already do so.

Australia's regional and bush airports could be about to hit severe turbulence because of the high costs of maintaining infrastructure, a new economic report warns.

ustralian households are paying banks an average of $470 a year in fees and charges.That might sound like a lot, but it is less than the year before.

Troubled surfwear company Billabong has launched a $225 million fund raising venture and issued another profit warning amid tough trading conditions in the retail sector.

With properties prices high and the housing market slow, Australians are holding on to their homes for longer.

Australians are moving to the nation's mining states and paying handsomely to live there.

Fairfax management has agreed to halt their restructure plans and proposed job cuts while a consultation process with unions is under way, unions say.