A fall in residential building approvals in September confirms yesterday's interest rate cut by the Reserve Bank of Australia was the right call, the Housing Industry Association says.
Acting Prime Minister Wayne Swan says the mining tax will allow the community to share in the resources boom, as the mining industry continues its campaign against the proposed impost.
ANZ has become the third of the major banks to pass on Tuesday's central bank rate cut in full, but National Australia Bank only passed on a 20 point cut.
Shares in OneSteel plunged 16 per cent to a decade low after the company revised down its earnings guidance because of the recent fall in the iron ore price and rise in the Australian dollar.
The Australian stock market has opened lower, mirroring large losses on offshore bourses, as investors reacted to the latest developments in financially-troubled Greece.
The Australian dollar is sharply lower as news of a Greek referendum to decide whether to accept a second Eurozone bailout package sent jitters through markets.
Collapsed US broker MF Global may have used client money on its own behalf as it fought to beat losses on European debt, markets operator CME Group said Tuesday.
Master Builders Australia says a replacement agency with fewer powers than the Australian Building and Construction Commission would give the green light to building unions to engage in unlawful st
The forestry assets of failed rural land owner The ARK Fund have been sold for $46 million in a deal struck by receivers from McGrathNicol with an international timber investment group.
A joint venture led by US-owned construction contractor Kiewit Australia, which is a new player in the local mining sector, has won a $247 million contract from Fortescue Metals Group for works on
Cedar Woods says it is on track to lodge a record profit of more than $34 million this financial year, with $140 million in pre-sales underpinning its growth in trying market conditions.
Australian stocks fell 1.5 per cent, as weakness among the nation's major miners dragged the broader market lower on weaker Chinese manufacturing data and concerns about Europe.
Campbell Brothers has bought US-based environmental and food analytical group, Columbia Analytical Services (CAS), for $US33 million ($31 million), as the company seeks to expand in the United Stat
US stocks plunged Monday amid renewed worries about the eurozone debt crisis, which claimed its first major US casualty -- a key brokerage that filed for bankruptcy.
Anvil Mining shares slipped today after the company said its $C1.3 billion ($1.2 billion) takeover offer from MinMetals Resources may be in danger of falling over.
Shares in Africa-focused miner Paladin were punished after it reported a fall in uranium production amid weak market prices, despite record sales for the September quarter.
Perth-based stockbroking and investment house Argonaut is expanding its reach to alternative capital markerts in Asia, with the launch of its first office in Hong Kong.
Qantas will recover market share and press ahead with plans to set up an international business in Asia despite incurring more that $100 million in lost earnings, the airline's boss says.
