Fortescue Metals Group has borrowed $US1.5 billion ($A1.44 billion), half a billion more than initially intended, to fund the iron ore miner's expansion plans.
The Australian dollar fell on scepticism that Europe's leaders are close to resolving the region's debt crisis and as traders await local inflation data.
Global stock markets were lower in cautious trade as investors waited in hope for a second EU summit to produce a long-awaited plan to solve the eurozone debt crisis.
Health insurer HBF has revealed one of its strongest years on record as improved investment markets more than match up with the rising levels of claims.
Construction company Diploma Group has won two new contracts worth a combined $24 million, including refurbishments and additions to heritage-listed Hale House.
The gold price could rise to $US2,200 an ounce by 2013 as global economic uncertainty continues, South Africa-based gold mining giant AngloGold Ashanti says.
Perth-based oil and gas junior Buru Energy has extended its gas supply agreement with Alcoa by one year, giving it more time to establish sufficient reserves to commence supply of the gas.
The state government is seeking comment on its plans for the Cockburn Coast just south of Fremantle, which feature a hospitality and tourism precinct at the derelict South Fremantle Power Station a
The Reserve Bank of Australia (RBA) has again left the door open to lower interest rates and flagged tomorrow's inflation data as potentially paving the way for a move.
Australian shares gained about $35 billion in value as buyers and confidence returned, amid hopes of a comprehensive fiscal stability plan for Europe that also led to a rally on offshore markets.
A real estate scam that led to two Perth houses being sold without the owners' knowledge has prompted the state government to toughen house sale rules.
NRW Holdings has announced a three year, $36 million extension to its earthworks contract with Rio Tinto at its Simandou iron ore development in West Africa.
Perth-based online movie rental business Quickflix has signed an agreement with Sony Computer Entertainment to stream its movie subscription service to Playstation 3 users.
US stocks ended a choppy session mixed Thursday amid scepticism that European leaders will forge a deal on resolving the eurozone debt crisis in coming days.
Perth-based technology firm ThinkSmart has launched three new strategic initiatives designed to grow its presence in the point of sale financing sector in Australia and the United Kingdom.
A FEDERAL government employee superannuation fund is understood to be circling SAS Trustee Corporation’s half share in the blue-chip QV1 office tower in Perth’s sought-after CBD.
Leighton Holdings has hit out against a downgrade by ratings agency Standard & Poor's (S&P) on the very day it secured a $1.2 billion rail contract in Hong Kong with a joint venture partner
The Australian share market closed firmly in the red after a fall in commodities prices and as it became apparent a full resolution to the European debt crisis was not imminent.
Scottish company Global Energy Group (GEG) has moved into the Australian market by acquiring a majority shareholding in West Perth-based Global Resources Network – GRN Australasia Pty Ltd in a deal
Australian banks have little direct exposure to risky European government debt and are more resilient to turbulence in international markets, a senior central bank official says.
The Australian share market opened one per cent lower today due to a weak lead from Wall Street and doubts about the prospects for an effective solution to Europe's debt woes.
