Financial Services

Australian interest rates could be cut again as early as next month amid new warnings that Europe faces tipping into recession.

Property developer Port Bouvard will re-allocate funds previously set aside for its Point Grey project near Mandurah to repay its debts, in order to qualify for an extension of its banking fac

Australian shares closed firmly higher on positive offshore leads and short-covering ahead of the weekend.

A spike in recent insolvencies in Australia shows that fallout from the global financial crisis (GFC) is continuing, liquidation firm Dissolve says.

Outgoing Commonwealth Bank chief executive Ralph Norris remains the country's highest paid banker, despite a rise in remuneration for Westpac's Gail Kelly.

China's Guangdong Nuclear Power Co has reduced its take-over offer for London-listed Kalarahi Minerals, the major shareholder of Extract Resources.

The Australian stock market opened higher, after markets in the United States rebounded on positive developments in the debt-ridden Eurozone.

US stocks rebounded Thursday amid signs that Italy and Greece were moving to form new governments that would address their deep debt problems.

World oil prices drifted higher on Thursday but the market remained plagued by persistent doubts over the eurozone's debt crisis and in particular the plight of Italy, traders said.

Australia's farmers face a positive outlook in the medium term despite a volatile global economy, the Reserve Bank of Australia (RBA) says.

An unexpected fall in the jobless rate is unlikely to prevent the Reserve Bank of Australia (RBA) cutting interest rates again given the continuing turmoil on global markets.

The state government says it will reap an extra $1.9 billion over the next three years after finalising agreements with BHP Billiton and Rio Tinto to increase the royalty rate payable for thei

Mutiny Gold says it has signed an $11 million project loan and hedging facility to fund the acquisition of the final 30 per cent stake in the Gullewa tenements and a feasibility study for its Defle

Australia's unemployment rate fell to 5.2 per cent in October, official figures show.The September figure was an upwardly revised 5.3 per cent.

The Australian stock market fell the most in almost two months as the ongoing troubles in the Eurozone spooked investors.

The Australian dollar has fallen more than two US cents on renewed fears of a looming debt crisis in Italy.

New worries over a eurozone meltdown have sent US stocks plummeting more than three per cent.

The Australian dollar closed higher as the looming resignation of Italy's prime minister added to investor sentiment and gave the currency a boost.

One of Australia's largest accounting firms is standing by its analysis of Labor's mining tax after Treasurer Wayne Swan rebuked it for distorting the public debate.

Australian shares gained more than one per cent as markets focused on Italy and stronger commodity prices prompted local investors to buy mining stocks.

The coalition has switched tactics on the carbon tax, accusing the Australian Greens of seeking a second wave of climate action, including an end to coal-fired power.

Consumer sentiment has risen strongly in November, suggesting that last week's interest rate cut has had the desired effect, Westpac says.

International Monetary Fund chief Christine Lagarde has warned the world is at risk of plunging into "uncertainty and financial instability" and has urged Asian economies to be on their guard.

The federal government's leading employment index rose for a third consecutive month in November after revisions to the series.

Insolvencies spiked in Australia in the September quarter as creditors got tough on debt recovery, fresh data from the corporate watchdog shows.

Monthly trade figures usually prompt talk of coal, iron ore and the like, but this focus on minerals is a distraction from another important element of the trade data.

Australians are returning to home-buying on expectations that interest rates won't be going up anytime soon, economists say.

Seven Group says the current uncertainty in global markets may prompt the media and earthmoving equipment company to consider further impairment charges on its investments.

Australian shares gained more than one per cent with local investors encouraged by Wall Street's overnight rise on news Italian Prime Minister Silvio Berlusconi would resign.

The Australian dollar has lifted on news of Italian Prime Minister Silvio Berlusconi's decision to resign.

US stock markets scored robust gains Tuesday after the embattled Italian prime minister, Silvio Berlusconi, said he would resign after austerity measures are approved.