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The Reserve Bank of Australia (RBA) has again left the door open to lower interest rates and flagged tomorrow's inflation data as potentially paving the way for a move.
The Australian dollar rose to a six-week high on hopes that European leaders would soon announce plans to contain the region's debt crisis and avert a recession.
Strong demand for construction and mining equipment should boost Caterpillar Inc's revenue through next year, even as the health of global economy remains in doubt.
Australian shares gained about $35 billion in value as buyers and confidence returned, amid hopes of a comprehensive fiscal stability plan for Europe that also led to a rally on offshore markets.
Engineering and commercial construction is expecting a big boost this financial year and next thanks to the booming resources sector, a new survey has found.
The Australian share market has opened over 1.5 per cent higher as European leaders work towards finalising measures to boost Europe's bailout fund and resolve the Greek debt crisis.
Europe has inched closer to a resolution of its crippling economic crisis, winning praise from the head of the IMF and fresh reform pledges from debt-wracked Italy.
A motel owner from a remote Western Australian town has been fined $9000 for illegally lending money to Aboriginal people at interest rates of up to 50 per cent.
Leighton Holdings and WorleyParsons say Libya remains off-limits for the foreseeable future in the wake of Muammar Gaddafi's killing, as uncertainty remains.
A protester has tied himself to a communications tower near a proposed gas hub site in the Kimberley in a bid to stop survey work for the controversial Woodside Petroleum project.
Virgin Australia's proposed alliance with aviation powerhouse Singapore Airlines (SIA) has moved a step closer to fruition after regulators in Singapore gave the tie-up the green light.
Concerns about job security are at the heart of the Qantas industrial dispute and the onus is on the airline to resolve it, the Australian Council of Trade Unions says.
Woodside Petroleum seems to be making progress with its stalled Sunrise project, saying its new chief executive Peter Coleman has held constructive talks with the East Timor government.
US stocks ended a choppy session mixed Thursday amid scepticism that European leaders will forge a deal on resolving the eurozone debt crisis in coming days.