Homeowners may be in for an early Christmas present, with the Reserve Bank of Australia expected to deliver at least one more interest rate cut before the end of 2012.
Bankwest has had a win in its long-running battle with prominent property developer Luke Saraceni over Raine Square, with the Supreme Court today backing the appointment of administrators over the
Thermal coal miner New Hope says it is reviewing the pace at which it is developing new projects because of falling coal prices and the strong Australian dollar.
Not much is going right for Australia these days, which is why the high value of the dollar is such a mystery, or was until a Queenslander working for one of the world’s biggest fund managers provi
Fortescue Metals Group has resolved its short-term funding problems after securing the backing of global banking groups Credit Suisse and JP Morgan for a new US$4.5 billion credit facility.
The Australian dollar is half a US cent lower, following sharp falls in commidity prices.At 0700 AEST, the local unit was trading at 104.76 US cents, down from 105.24 cents yesterday.
Brazilian authorities say they are fining US oil firm Chevron $US17.5 million ($A16.64 million), and likely will impose further penalties, over a major spill off Rio de Janeiro state last year.
US stocks have closed lower in the aftermath of the Federal Reserve's new QE3 stimulus rally amid concerns about weakness in US manufacturing and anti-American unrest in the Middle East.
Apex Minerals is set to go to market for more funds, with its Wiluna operation expected to become cash-flow positive next month as it ramps up production to between 12,000 and 13,000 ounces of gold
The number of first homebuyers in Western Australia’s residential property market hit its highest level in nearly three years in August, new research says.
The Australian share market has closed at its highest level since May, as investors were encouraged by separate moves to stimulate the US economy and keep the bailout of the debt-ridden euro zone o
Engineering and construction contractor LogiCamms has won $10 million worth of contracts for the Wiggins Island Export Terminal in Queensland and Australia-Pacific LNG.
Doray Minerals shares have risen after the gold miner announced it had finalised a $55 million funding arrangement for its Andy Well gold mine in the Murchison region.
Internet service provider iiNet has signed the first mobile virtual network operator agreement with Optus Wholesale, which will enable it to offer 4G wireless broadband services to customers.
Forge Group subsidiary Cimeco has received a notice of award for a $70 million engineering and procurement contract at Rio Tinto’s West Angelas and Brockman iron ore mines in the Pilbara.
The carbon tax is not totally to blame for higher electricity prices, gas and electricity supplier AGL Energy says as it calls for the deregulation of what consumers are charged.
Federal Labor continues to make gains on the coalition in two new opinion polls, as anger over the carbon tax wanes and state budget cuts rebound on Opposition Leader Tony Abbott.
Engineering and construction group Clough has won a key contract at Tap Oil’s Manora oil development in the Gulf of Thailand, adding a $US60 million package of works with Pearl Oil to its growing o
Macmahon Holdings is poised to cut its earnings guidance, only a month after the mining services and construction group forecast 20 per cent profit growth for fiscal 2013.
Australian stocks have opened marginally firmer, with strong gains among resources-related companies offset by weakness in defensive market sectors such as healthcare and utilities.
Resources Minister Martin Ferguson has backed a research report released this morning that warned the cost of delivering mining projects must be kept in check if investment plans are to b
Gold futures have eked out a new six-month high as optimism for demand remained strong in the wake of the US Federal Reserve's newest monetary-easing initiative.
A Chinese government office is forecasting economic growth of between 7.7 and 7.8 per cent for the year in a sign of an expected improvement in prospects for the world's second-largest economy.
