Qantas had rejected an offer for government assistance in the leadup to the announcement that it will close its Avalon heavy Maintenance facility, the company's domestic chief executive Lyell Strambi says.
The Reserve Bank of Australia has revealed that the option to cut the cash rate further remains alive.And the Aussie dollar is what's keeping it breathing.
Gold has slumped toward $US1,300 after better-than-expected US economic data and an interest rate cut by the European Central Bank (ECB) bolstered the US dollar.
US stocks have tumbled despite a successful launch of trading in Twitter stock and report on US economic growth that bested expectations by a wide margin.
Wesfarmers chief executive Richard Goyder has defended grocery giant Coles' relationship with farmers, saying the high dollar and government regulations are a weight on the agricultural sector.
Osborne Park-based technology firm Stochastic Simulation has launched new software which it claims will enable oil and gas companies to achieve overnight a level of subsurface analysis which would have previously taken years.
It will probably take Gina Rinehart a few years to catch Bill Gates in the race to be the world’s richest person, but it is easy to see how she might overhaul the Microsoft founder’s swag of $75 billion.
Property executives were the big movers in this year’s Wealth Creators list, while the resources slowdown put the hurt on mining services directors’ fortunes.
The liquidators of timber plantation assets formerly owned by collapsed managed investment scheme Great Southern may have found a buyer for the assets, with an investment trust managed by Sydney-based company New Forests agreeing to purchase the plantations.
The Kailis family is planning to start its redevelopment of the Trigg Island cafe site next year, but it will be at least two years before it’s completed.
Fairfax Media has avoided a second strike and potential boardroom spill, but its directors still have not won the support of major shareholder Gina Rinehart.
The state's housing construction market is tipped to remain at its strongest level in years on the back of a 34 per cent increase in dwelling starts in 2012-13.
More than $123 million has been wiped from the market value of mining services firm Ausdrill after the company forecast a more than 50 per cent fall in its annual earnings.
Australia sells more of its top-shelf wine to China than any other country but the industry is going to great lengths to convince drinkers there it has even more to offer.
Federal Small Business Minister Bruce Billson has rejected a suggestion that the government should guarantee loans for small businesses to foster growth in the sector.
Finbar Group is on the lookout for new opportunities in the Pilbara, despite selling less than half the apartments in its most recent project in Karratha.
