Fortescue Metals Group has borrowed $US1.5 billion ($A1.44 billion), half a billion more than initially intended, to fund the iron ore miner's expansion plans.
The Australian dollar fell on scepticism that Europe's leaders are close to resolving the region's debt crisis and as traders await local inflation data.
Global stock markets were lower in cautious trade as investors waited in hope for a second EU summit to produce a long-awaited plan to solve the eurozone debt crisis.
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.
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.
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.
A FEDERAL government employee superannuation fund is understood to be circling SAS Trustee Corporation’s half share in the blue-chip QV1 office tower in Perth’s sought-after CBD.
Leighton Holdings has hit out against a downgrade by ratings agency Standard & Poor's (S&P) on the very day it secured a $1.2 billion rail contract in Hong Kong with a joint venture partner
The Australian share market closed firmly in the red after a fall in commodities prices and as it became apparent a full resolution to the European debt crisis was not imminent.
Australian banks have little direct exposure to risky European government debt and are more resilient to turbulence in international markets, a senior central bank official says.
The Australian share market opened one per cent lower today due to a weak lead from Wall Street and doubts about the prospects for an effective solution to Europe's debt woes.
The Australian dollar fell more than one US cent as data released overnight highlighted weak US economic conditions and as European officials prepare for their weekend summit.
US stocks fell sharply Wednesday after the Federal Reserve's "Beige Book" portrayed a still-weak economy in September, as big losses from tech stars Apple and Amazon pulled the Nasdaq down more tha
The Australian dollar gained more than a US cent on reports that France and Germany were ready to sharply boost the eurozone's rescue fund amid a solid performance on regional equity markets.
The Australian share market finished higher despite a late-session weakness by resource heavyweights and the dark shadow of Europe's debt crisis overhanging the market.
The Reserve Bank of Australia is optimistic about the stability of the Australian banking system, despite recent worries about the European banks and government debt problems.
Retired insolvency expert Geoff Totterdell, who has worked on some of the state’s best-known company collapses in a long career, has stepped into the job of overseeing development in the Peel region.
The Barnett government is living up to its promise to deliver more community infrastructure via public private partnerships, naming three short-listed consortiums to bid for a 350-bed prison develo
US stocks rallied Tuesday after a British newspaper reported that France and Germany were ready to sharply boost the eurozone's rescue fund in a bid to address the public debt crisis.
The central bank says it may be prepared to cut the cash rate if inflation looks as if it is under control, against a backdrop of deteriorating domestic and global economic conditions.
