Veteran MP Max Trenorden has asked the Nationals to expel him from the party, saying he has been treated poorly by its members but doesn't want to be forced to quit.
The Australian share market suffered falls in opening trade, driven by weaker materials stocks, aggressive short selling of the top 50 stocks and a soft lead from Wall Street.
Stumbling Facebook shares got a shot of adrenalin Thursday and pushed five per cent higher as US stocks traded lower Thursday on dull jobs and economic growth data.
Fortescue Metals Group boss Neville Power says he is confident China's continued growth will help the company generate enough cashflow to pay down its large debt.
BHP Billiton's proposed $20 billion expansion of its outer harbour project in the Pilbara has received federal environment approval, but the board's decision to proceed won't be made for sever
Australia's housing industry says it has fallen into a recession after building approvals plunged to their lowest level since the global financial crisis, driven largely by a change in the approval
A legal battle delaying a $554 million Russian takeover of iron ore miner Flinders Mines is continuing to drag on, with an appeal from Flinders Mines adjourned until June 6.
The company responsible for turning construction and demolition waste into road base for the Great Eastern Highway expansion says suspension of the project is unfounded and delaying Western Austral
Australia will continue to experience a surge in capital expenditure investment, despite deteriorating global conditions causing businesses to revise down their spending plans, economists say.
The Australian share market remained in the red by noon on fresh concerns over Europe's debt crisis, with consumer staples stocks bucking the downward trend.
Engineering firm UGL has won $190 million in contracts to supply and maintain freight locomotives for four different companies, including Rio Tinto's Pilbara mining operations.
Federal MPs have backed away from reports that a debate over the hiring of foreign workers for big mining projects may send xenophobic messages to overseas investors.
Sales at David Jones fell by about three per cent in the three months to April, and the retailer is gearing up for a big end of financial year clearance.
The Australian economy is robust enough to withstand current global uncertainty, but not immune, Treasury boss Martin Parkinson has told a Senate hearing.
The Australian share market has tumbled more than one per cent in opening trade as fresh worries over Europe's debt crisis led to heavy falls on US and European bourses.
Prime Minister Julia Gillard has warned the mining industry Australians want and deserve a share of the nation's resources boom and reminded its leaders they don't "own" the minerals in ground.
Prime Minister Julia Gillard has dismissed a Minerals Council of Australia report suggesting BHP Billiton's Olympic Dam expansion project in South Australia is in doubt.
Gold miner Troy Resources has increased its production guidance for its Casposo mine in Argentina by 40 per cent after preparing a new mine plan to include a significant discovery made late last ye
Plans for a $400m waste to energy plant at Kwinana have progressed to the next stage with John Holland agreeing to collaborate with project proponent Phoenix Energy.
The Australian share market has closed lower in the wake of weak retail trade data, reports that China's government may not stimulate economic growth as much as hoped for, and continued worries abo
