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Listed investment firm Australian Foundation Investment Company (AFIC) expects uncertainty in Europe to continue to cause market volatility in the coming months.
Shares in base metals and gold miner Bass Metals have been suspended from trading as it may not be able to meet debt repayments amid concerns its Tasmanian operations are becoming financially margi
The federal opposition believes Treasurer Wayne Swan will need to be a magician to deliver his promised budget surplus in 2012/13 in the light of downgraded global growth forecasts.
The Australian dollar has been dragged down as negotiations to prevent Greece defaulting on its debt hit an impasse and the International Monetary Fund downgraded its global growth forecasts.
Opposition Leader Mark McGowan is being "sneaky" by promoting an opt-out provision for workers under proposed Sunday trading laws, the government says.
Australia's biggest gold producer, Newcrest Mining, has reported a 20 per cent drop in quarterly gold production compared with the prior corresponding December quarter.
Prime Minister Julia Gillard says the federal government will help find jobs for the 350 Toyota workers made redundant and shore up the car industry overall.
Toro Energy expects its Wiluna project will receive final government approval this year before a state election when the opposition Labor Party hopes to ban new uranium mines if elected.
The Australian dollar has soared above 105 US cents for the first time since October on renewed optimism that Greece will reach a deal with its creditors to avoid defaulting on its debt.
Oil prices rose modestly Monday after the EU slapped an embargo on Iran's crude exports as part of tough new sanctions aimed at stopping Tehran from funding its disputed nuclear program.
The Australian share market closed weaker as investors awaited an outcome to Greek debt restructure plans, with eurozone finance ministers scheduled to meet later today.
A Chinese nuclear company has moved a step closer to bidding for Australian uranium explorer Extract Resources but the target says it is still seeking alternative suitors.