The Australian share market closed lower, partly pulled back by market giant BHP Billiton, which paid its interim dividend; the big banks, three of which had a ratings downgrade on Friday; and some
The eurozone will have to put in place a bigger financial firewall to combat the crisis before other countries will pour more cash into the IMF, the G20 top and developing economies say.
Three of Australia's big four banks have had their prized AA credit ratings downgraded by one notch because of their partial reliance on wholesale funding markets.
Western Australia’s share of GST grants will fall to a record low next year, with the state due to get back just 55 per cent of all GST collected here.
Reserve Bank of Australia governor Glenn Stevens says interest rates are about where they should be, even after retail banks independently lifted their lending rates this month.
Federal politicians head to Sydney on Friday to quiz the nation's most influential banker, providing an opportunity to focus on the economy rather than who will win next week's Labor leadership bal
The Dow Jones Industrial Average topped 13,000 for the first time since May 2008 before falling back to close flat on Tuesday, in a bumpy day spurred by news of a long-awaited new bailout for Greec
Wealth Management group Entrust has bolstered its management ranks with the appointment of former Snap Group boss Grant Vernon as its new chief executive.
An agreement for a second bailout deal for Greece buoyed the Australian share market, with all market sectors moving into positive territory as investor confidence strengthened.
Australia's inflation outlook leaves room for another cash rate cut, the Reserve Bank of Australia (RBA) says, but only if demand conditions were to wind back significantly.
The Australian share market opened flat this morning, with stocks moving slightly up or down, as investors awaited the outcome of the euro zone finance ministers' meeting in Brussels.
European shares closed at a near seven-month high on Monday as euro zone finance ministers edged closer to a long-awaited agreement on a rescue package for Greece.
The Australian dollar was unmoved from its last close today, ignoring positive developments in China because of uncertainty ahead of a key euro zone meeting to resolve Greece's debt crisis.
The Australian share market rallied over one per cent on a raft of corporate earnings results and the likelihood of euro zone finance ministers approving another bailout for Greece.
Australian stocks have opened more than one per cent higher, as firmer oil prices and a relaxing of banking requirements in China fuelled a rally in the resources and energy sectors.
European stock markets closed higher on Friday as investors took heart from the latest comments on the Greek debt crisis and positive US economic data, analysts said.
