Opposition Leader Tony Abbott has seized on comments Prime Minister Julia Gillard will make linking a budget surplus to lower interest rates, describing them as an admission of failure.
Prime Minister Julia Gillard is defending the Labor government's determination to deliver a 2012/13 budget surplus, but she can't guarantee the federal coffers won't swing back to deficit in later
Asciano and the maritime union have ended a long-running dispute over wages and conditions at its waterfront terminals after both parties approved a new enterprise agreement.
Woodside Petroleum's first quarter revenue is up 20 per cent to $US1.2 billion, despite a 10 per cent fall in production due to the impact of cyclones.
Two property surveys released this week have shown marked differences in sentiment between the retail and residential property markets in Western Australia.
Finance Minister Penny Wong has taken Opposition Leader Tony Abbott to task over his claim that the local economy is underperforming, saying he's "simply wrong".
The Australian share market closed higher in response to positive production numbers from BHP Billiton and after global markets rallied in response to a successful Spanish bond auction.
Prime Minister Julia Gillard has challenged state Treasurer Christian Porter to step down if he can't balance his state's books with $800 million less GST revenue.
Prime Minister Julia Gillard has accused mining magnate Andrew Forrest of peddling "rehashed old nonsense" about finalising an agreement with Kevin Rudd on a revised mining tax deal in 2010.
Funding cuts to the state Department of Corrective Services will put the community further at risk because prisons are already overcrowded, the Prison Officers' Union says.
Prime Minister Julia Gillard says the government remains determined to deliver a surplus and has rejected comments from former Commonwealth Bank head Ralph Norris that such a goal is "mindless".
The builder of the national broadband network says its satellite launch plans are on course after a United Nations agency confirmed its procedures are correct.
Opposition communications spokesman Malcolm Turnbull says the high cost of building the national broadband network is likely to lead to increased prices for internet services.
Western Australia should get its full share of the infrastructure funding due to come out of the federal government's mining tax revenue, state Opposition Leader Mark McGowan says.
Shares in Grange Resources rose after the iron ore pellet producer reported an improvement in first quarter production from its Savage River mine in Tasmania.
A leading business group has urged the Australian Greens to take a more centrist line when it comes to industrial relations and set aside their "anti-market platform".
