AAP

Iluka Resources managing director David Robb has defended his decision to surprise the market with a sales downgrade and dire short-term outlook for the global economy.

The Australian dollar is higher, with the market relieved over China growth figures.

US stocks broke a six-day losing streak on Friday, helped by better-than-feared JPMorgan Chase results that bared a $US5.8 billion ($A5.7 billion) loss on its bungled London derivatives trading ope

The Australian dollar fell in late trade, unable to hang on to the early gains it made in response to China's latest economic growth figures.

Australia blew the last mining boom and can no longer rely on high commodities prices, federal Resources Minister Martin Ferguson says, as China's economy continues to slow.

The Australian share market finished higher after China reported economic growth had slowed to a more sustainable pace.

China's latest economic data should be welcomed by Australian businesses, as the Asian giant appears to have reined in growth to a more sustainable pace.

Qantas has for the first time been trumped by Virgin Australia in the annual global airline rankings.

Hundreds of companies hoping to win contracts on Gina Rinehart's Roy Hill iron ore project were clamouring to hear how they could improve their chances during recent roadshows.

Energy company AWE has publicly attacked its far bigger joint venture partner Origin Energy after the latest cost blow-out at the troubled gas project in Bass Strait.

Pipeline Partners Australia looks set to succeed in its $1.23 billion takeover bid for energy infrastructure investor Hastings Diversified Utilities Fund (HDF).

Former Liberal MP Bernie Masters says he will run against Treasurer Troy Buswell in the March state election because past indiscretions make him unfit to sit in parliament.

Australian Infrastructure Fund (AIX) says that passenger growth at its portfolio of airports grew by 1.3 per cent in May compared with the same month a year earlier.

Greedy resource companies are lying about the need to import foreign workers into Australia, outspoken federal independent MP Bob Katter says.

The federal government insists the GST does not apply to its carbon tax, warning action would be taken against businesses that claimed otherwise.

The Australian share market has opened flat in anticipation of a slew of economic data from China.

Britain is a champion of energy efficiency while the United States and Canada lag behind in conserving power, according to a new report.

The Australian dollar has pulled back a bit after dropping to its lowest level in two weeks overnight ahead of the release of key Chinese economic data.

The Nasdaq stock index led Wall Street lower Thursday, as traders shrugged off data showing US unemployment claims fell to their lowest level since March 2008.

Mineral sands miner Iluka Resources will cut its production and sales volumes to protect margins amid downturns in global markets.

The Australian dollar has slipped back below 102 US cents on the back of weaker jobs data.

Global miner BHP Billiton is reportedly investigating selling its aluminium assets in Brazil.

Supermarket operator Coles says the retail landscape is getting more competitive as big overseas retailers move into the Australian market, but Coles won't be expanding internationally at this stag

The Australian share market has closed lower after disappointing jobs figures exacerbated investors' gloom.

Payment fraudsters raked in an extra $77.5 million in 2011, despite the financial industry's success in combating cheque and debit card rip-offs.

Gina Rinehart's Roy Hill division has refuted claims its pledge to spend millions training local workers in exchange for an enterprise migration agreement (EMA) is a publicity stunt.

Opposition Leader Tony Abbott has dismissed Labor claims a future coalition government would slash the wages and entitlements of workers.

Specialised engineering and asset management group UGL has secured $350 million of new contracts.

Rallies denouncing the federal government's enterprise migration agreements (EMAs) are planned for the Pilbara as the mining union continues to dispute claims of a lack of skilled d

Struggling department store Myer is shedding 100 jobs in its latest attempt to shave costs during the toughest trading conditions in a quarter of a century.

Demand for the Australian dollar in financial markets could artificially push up the value of the currency, the nation's central bank warns.

Telstra is selling its New Zealand subsidiary TelstraClear to Vodafone for $NZ840 million ($A660 million).