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Australia's economy is expected to slow in the second half of the year due to weakness in consumer spending and ongoing weakness in the property market.
The federal government has released updated Treasury modelling on the impact of its carbon tax, showing personal incomes will grow 0.1 percentage points less per year to 2050 under the scheme.
The Australian share market opened higher this morning as a better-than-expected performance on Wall Street drew some investors back into the heavily sold-off local market.
The Australian dollar was more than half a US cent firmer, as equity markets in Europe bounced back overnight and ahead of tomorrow's announcement from the US Federal Reserve.
US stocks drifted mostly lower Tuesday amid Greek debt concerns and as investors awaited the end of a Federal Reserve policy meeting hoping for new stimulus for the economy.
The federal government's proposed carbon tax will have a minimal impact on the value of Australia's top listed companies, according to analysis from a major bank.
The federal opposition has stepped up its challenge to the Gillard government to release its new carbon tax modelling ahead of tomorrow's "shotgun" parliamentary inquiry.
Future Fund chairman David Murray says the federal government could use money from the fund to stabilise the budget, if the rules governing the fund are changed.
If Australia does nothing to mitigate the effects of climate change other countries will be "significantly discouraged", the federal government's adviser on climate change says.
Straits Resources will pay $US120 million ($A117 million) to restructure an existing sales deal with a JP Morgan company for copper from its Tritton mine in NSW to reflect lower prices for the meta
Australia's earnings from resources and energy commodity exports are set to soar by 21 per cent this financial year on the back of strong commodity prices and increased volumes, a national forecast
University of Western Australia Oceans Institute director, Carlos Duarte, has won the International Council for the Exploration of the Sea's Prix d'Excellence award for his contribu
Leighton Holdings Ltd subsidiary Thiess has won a $100 million contract with Fortescue Metals Group Ltd for works on the Solomon Hub iron ore mine in Western Australia's Pilbara region.
US stocks slid Monday, snapping a five-session winning streak as traders worried about a possible Greek public debt default and eurozone inaction to confront the crisis.
There's no obvious threat to Western Australian energy and resources facilities that would justify relocating defence units to ensure their protection, a new study says.
One of the world's largest undeveloped zirconium resources is a step closer to becoming an operating mine that could be worth as much as $1.2 billion, says Perth-based minerals explorer Alkane Reso
Federal Treasury Secretary Martin Parkinson says Australia would have to return the national budget to surplus before considering starting up a sovereign wealth fund.
Bringing Chinese investment into the embattled Oakajee port and rail network won't be easy, Premier Colin Barnett says, with the country still debating the massive project.
The federal government is being asked to consider new measures to make housing more affordable to support the "millions" of low and middle income Australians struggling with high costs.