A write-down in value of two major projects and a deluge of wet weather during harvest season has hit almond producers Select Harvests' bottom line, with the company posting a full-year loss
Embattled developer and funds manager Aspen Group has painted a gloomy outlook for its residential and commercial property syndicates, after launching a strategic review in the wake of a near-$100
Finance Minister Penny Wong has painted a rosy picture of Australia's economy during a visit to the US, as the Labor government awaits a crucial domestic growth report.
Takeover target and energy infrastructure investor Hastings Diversified Utilities Fund (HDF) says domestic demand for gas has softened, but long-term demand prospects are good.
Beleaguered consumer goods retailer Harvey Norman hopes to claw back market share, as tough trading conditions are expected to force many of its competitors to close.
US stocks tumbled on Thursday ahead of a much-anticipated speech by Federal Reserve Chairman Ben Bernanke on Friday and as European woes renewed global growth worries.
Uranium miner Paladin Energy says it is looking forward to a year free of construction and commissioning activities after lodging a net loss of $US172.8 million for the 12 months to June 30.
The Australian dollar has fallen to its lowest level in more than a month after official figures showed investment in the mining sector is likely to grow by less than expected this year.
Construction and contracting group VDM says it expects to build on positive momentum built in the second half of the 2012 financial year, after lodging an annual loss of $54.8 million.
Australia’s largest property developer, Stockland, has confirmed it has sold 45 St Georges Terrace for less than what it paid for the building in 2006.
Fabrication and construction company AusGroup says added to a string of contractors reporting strong profit growth on the back of resource sector construction projects.
Fortescue Metals Group chairman Andrew Forrest has spent nearly $39 million in two days increasing his shareholding in the mining company he founded, as its shares and iron ore prices plunge.
Fund manager Perpetual will cut more jobs next year as it continues with a major restructure that contributed to a 57 per cent drop in its full year profit.
The federal government is calling for an investigation into whether Opposition Leader Tony Abbott misled parliament when he claimed to have read BHP Billiton statements about the scrapping of the O
MacPhersons Resources has raised an additional $4 million for exploration at its Nimbus silver project near Kalgoorlie, following on from securing an $8.6 million investment from USA-based RK Mine
Global property developer Lend Lease has forecast higher earnings after unveiling a near two per cent rise in net profit for its 2012/13 financial year.
Treasurer Wayne Swan has slammed mining magnate Gina Rinehart for insulting Australian workers after she called for a cut to the minimum wage and accused people of being jealous of the wealthy.
Tourism from Indonesia and Malaysia is expected to rapidly rise by 2015, while the number Australians holiday overseas is showing signs of easing, a survey has found.
