AAP

The Australian sharemarket closed weaker for the sixth straight day, ending at a seven-week low, following losses on European markets overnight as investors grew impatient with a lack of action fro

Some of Australia's best-known winemakers who were evacuated because of the Margaret River bushfires are still unable to access their properties.

Treasurer Wayne Swan says reports that China will allow direct trading of the Australian dollar against its currency on its foreign exchange market is another significant step of the bilateral rela

Tax dodgers will be caught, the Australian Taxation Office has warned after nabbing and convicting 356 people in the third quarter of this year.One person went to jail for five years.

Mining giant Rio Tinto has agreed to take part in Intercept Minerals' bauxite project on Tiwi Islands.

NBN Co chief executive Mike Quigley says about 3,000 people now have services on the national broadband network, including people on the interim satellite service, and people at sites in Tasmania a

A Russian steel making giant may seek a deal with Fortescue Metals Group after a $554 million takeover of Flinders Mines, which holds an undeveloped iron ore project next to Fortescue's Solomon dev

Myer has reiterated that sales this fiscal year will be flat and net profit will decline as much as 10 per cent because of the tough retail conditions.

Residents of the Margaret River region remain on alert as a bushfire that has destroyed 34 houses and holiday chalets continues to threaten properties.

Shares in Woodside Petroleum slumped six per cent to a seven-week low after the oil and gas producer's 2012 production target fell short of expectations.

The Australian sharemarket has opened weaker for the sixth consecutive day as investors shy away from mining and resources stocks and after European markets suffered more losses.

Federal Treasurer Wayne Swan has approved an application by US brewer SABMiller to acquire the Foster's Group.

European stock markets have closed mostly lower, slipping back from a modest technical rebound made as a strong survey of German business confidence helped sentiment amid the eurozone debt gloom.

Australian economic growth is likely to accelerate in 2012 but it won't be enough to get the federal budget back into surplus, economists say.

Two leading business figures have spoken out against the recently introduced two-strikes executive pay rule, arguing it could be used for mischief and does not improve corporate governance.

David Jones shares slumped to an eight-week low after the retailer reported that first quarter sales fell more than 10 per cent and confirmed expectations of a hefty drop in first half profit.

A record eastern Australian crop has helped GrainCorp more than double its full year profit to nearly $172 million.

As bushfires continue to engulf parts of Western Australia's southwest and another fire threatens homes in Perth's east, a parliamentary report has revealed the state may be underprepared for the b

It's been a rite of passage for generations of Western Australian families.

The Australian sharemarket has closed weaker for the fifth consecutive day at a seven-week low with investors staying away or moving their money to safer assets.

Westpac has overhauled its management structure and hired a potential chief executive successor as it pushes to be the country's leading financial company.

Home buyers can continue to expect mortgage discounts next year as big banks battle each other for a bigger share of a sluggish lending market, a new report says.

Struggling steelmaker BlueScope Steel has raised $338 million so far in a $600 million capital raising as it tries to repay some of its debt.

The Transport Workers Union says it is backing the pilots' union's bid for a recent decision by Fair Work Australia (FWA) to be overturned in its stoush with Qantas.

An insurance catastrophe has been declared for areas affected by bushfires burning in the southwest.

A parliamentary committee has demanded the rollout of the national broadband network be more transparent, especially in regional areas.

Liberal MP Peter Slipper has been elected Speaker of the House of Representatives replacing Labor's Harry Jenkins.

The Australian sharemarket has opened slightly lower as traders wait for a catalyst following a bad run of news from around the world.

Murchison Metals will be left with just a few exploration tenements and little funds if it pays shareholders with cash received from the $325 million sale of key assets to Mitsubishi.

The Australian dollar has fallen to its lowest level in seven weeks as concerns about China's economic growth and Europe's debt crisis drag sentiment lower.

Brazilian regulators have temporarily banned Chevron from drilling for oil in the nation.

US equity markets have tanked as a poor German government debt auction fuelled fears over Europe's fiscal crisis and weak growth in the eurozone, a major US trading partner.