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Local banks and other financial institutions will be allowed to issue covered bonds as a cheaper source of funding under legislation introduced to parliament.
The value of Australia's resources and energy exports soared by 27 per cent last financial year to a record $175 billion, even though a strong local dollar offset some of the benefits of soaring gl
A joint venture between Clough and Downer EDI has won a $600 million contract to build a pipeline and compression facilities for the Santas GLNG project.
Dinosaur footprints near the site of a controversial multi-billion dollar gas hub project in the Kimberley will be examined by Canadian and US experts flown in by the state government.
Optus will start rolling out fourth generation (4G) mobile services next year at the same time as it runs Australia's first trial offering 4G services on spectrum previously used for analog TV.
Department store owner Myer Holdings says it expects profit to fall by as much as 10 per cent in the current fiscal year, after more than doubling its full year profit for fiscal 2011.
The Australian share market opened more than one per cent higher after a rally on European and US markets, as investors clung to positive comments from French and German leaders about the eurozone
The Australian dollar is higher this morning after the euro and major equity markets rebounded overnight, despite continuing concerns about Europe's sovereign debt.
US stock markets closed with strong gains on Wednesday, amid signs that European leaders might be coming together to tackle the continent's debt crisis.
The state government has spent nearly $120,000 since January on lip balm, fake tattoos, lollies and mouse pads promoting its Royalties for Regions program.
The Australian share market closed more than one per cent lower, with broad-based losses across almost all sectors on speculation China was unlikely to inject capital into debt-ridden European econ
Consumer confidence has rebounded strongly in September, a survey shows, as a recovery in economic growth and fading expectations of an interest rate hike reassured households.
Opposition Leader Tony Abbott has taken aim at the prime minister as parliament begins debating government legislation setting up a carbon pricing regime.
The Australian share market had a broad based gain, recouping part of yesterday's heavy losses, amid speculation China was seeking to buy into ailing European banks.
Kids aged four to 14 are now a cashed-up and digitally savvy consumer group with $1.5 billion to spend on enjoying themselves every year, a new survey has found.
They've been quietly storing carbon dioxide for decades without causing a fuss or charging anyone a cent for the privilege but Australia's seagrass beds are at risk of being destroyed by climate ch
The decision by Fairfax Radio's Perth talkback station 6PR to install Paul Murray in the morning shift has paid off, with the former newspaper editor trumping his ABC rival in the latest radio surv
Business confidence has fallen sharply to levels last seen in 2009 as the economy was struggling to emerge from the global financial crisis, the National Australia Bank's monthly business survey ha