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Disgraced former Firepower boss Tim Johnston is believed to have squirrelled away millions of dollars offshore despite being declared bankrupt after the company's fuel pill scandal.
A dull debut for Facebook, one of the most heavily anticipated public offerings in years, crowned another down week for United States markets as eurozone instability kept fear levels high among inv
The Australian share market has fallen sharply to close as its lowest level for six months as investors took fright over the latest developments in the troubled euro zone.
Uranium miner Paladin Energy's mine in Malawi is back at full production following an industrial dispute sparked by demands for a 66 per cent pay rise from local workers.
Australian stocks have sunk to their lowest level this year as investors begin to panic over the crisis in Europe after reports of a run on Spanish banks.
Australian-made Holdens are to make a return to the streets and racetracks of North America with the production of a new Chevrolet SS performance sedan.
US stocks have closed with losses well above one per cent as negative news continued from Europe, with Greece's woes deepening and Spain falling into recession.
Australia should be the world's biggest exporter of liquefied natural gas by the end of the decade, says the vice president of the world's biggest petroleum company.
The head of mining products company Boart Longyear has disputed claims by BHP Billiton that commodity price falls and global economic uncertainty are causing miners to scale back.
Opposition communications spokesman Malcolm Turnbull says the government's "prejudice" against the private sector left about 35,000 new homes connected to copper instead of fibre cable last year.
The ACTU congress has condemned BHP Billiton's safety record after company chairman Jac Nasser slammed Australian labour laws for being too restrictive.
Treasurer Wayne Swan does not perceive a need to update budget forecasts because of recent events in Europe, saying Treasury has already accounted for a bleak outlook.
The building of mines and related infrastructure will continue to underpin the non-home construction sector for the next two years, a survey says. But as the sector surges, skilled workers wil
Greece's exit from the euro zone would not have the same impact on the world as the events that led to the global financial crisis (GFC), the head of Commonwealth Bank says.
Small businesses have emerged winners in Western Australia's budget to be handed down later today, with the government unveiling a $128 million payroll tax rebate.
A public sector union will be checking the West Australian government's 2012/13 budget for signs that services may be compromised because of a planned cutback to government agencies.
US stocks gave up early gains on positive US economic data to sink lower Wednesday as worries over Greece's future in the euro zone hit investor sentiment.