US stocks have closed higher after Federal Reserve chief Ben Bernanke gave a gloomy assessment of the economy to Congress and said the Fed would act if the situation gets worse.
The Australian dollar rose to its highest level in almost two weeks after the Reserve Bank of Australia showed some optimism about the economic outlook.
The Australian share market has closed higher, boosted by commentary from the nation's central bank that there were recent positive signs for the Australian economy.
Alaska-based engineering and construction firm NANA Development Corporation’s Australian subsidiary has signed a landmark alliance with Pilbara-based indigenous firm PLWA Group, giving it access to
Rupert Murdoch's group of Australian media companies have won a long-running battle with the Australian Taxation Office over more than $2 billion in tax deductions.
Former Greens senator Bob Brown has traded in his political hat for a pair of sea legs by joining the crew of the Sea Shepherd for an anti-gas hub campaign.
When the board of the Reserve Bank of Australia met on July 3, its members saw no case to cut the cash rate again and gave no hint that a cut was in the pipeline.
Treasurer Wayne Swan says the latest assessment by the International Monetary Fund (IMF) shows how strong Australia's economic fundamentals are compared with the rest of the advanced world.
US stocks have closed lower after an unexpected fall in retail sales in June, the third consecutive drop that fuelled concerns about the strength of consumer spending, a key driver of the economy.
Northern Star Resources says it is on track to meet its full-year production guidance after delivering a 43 per cent jump in gold production over the June quarter.
The Australian share market finished higher, with investors feeling more confident about taking risks following positive Chinese economic data last week.
Seven West Media says it is still interested in gaining the television rights to at least some National Rugby League games, but only if the price is right.
Motorists are set to pay up to five cents a litre more for unleaded petrol in the next fortnight as global oil prices rise on a more stable outlook for the world economy, an economist says.
Perth-based agency Guns for Hire has been appointed to handle the Australian and New Zealand publicity and marketing account for Italian chocolatiers Baci Perugina.