Westpac Banking Corporation is unlikely to pass on the central bank's 0.5 per cent rate cut despite making a near $3 billion profit in the first half of its fiscal year.
Prime Minister Julia Gillard is warning the opposition will need to make "incredible" cutbacks to government services if it does not back spending cuts in Tuesday's budget.
Harvey Norman says its pre-tax profit for the first nine months of the financial year is down 25 per cent, as sales continued to fall in the three months March.
The Commonwealth Bank of Australia has cut its standard variable home loan rate by 40 basis points to 7.01 per cent, while Westpac said it would wait until tomorrow to announce its intentions.
US stocks clawed back early sharp losses on disappointing data on private-sector job growth, with the Nasdaq index ending in the black while the Dow closed with a minimal loss.
The state government’s $130 million Pilbara Underground Power Project has run into more flak after electrical contractor O’Donnell Griffin halted work on the Karratha phase of the project.
The Australian dollar recovered some of the ground lost after this week's official interest rate cut as investors shifted their focus to recent positive data from the US and China.
Woodside Petroleum has told shareholders that it plans to substantially increase its exploration spending and seek new partnerships, despite plunging prices caused by a gas glut in the United State
Former federal opposition leader Dr John Hewson says the Reserve Bank of Australia (RBA) should continue slashing interest rates so they are in line with other developed economies.
Matilda Zircon has appointed former Murchison Metals boss Trevor Matthews as its new chief executive.Mr Matthews will take the reins at Matilda from May 14.
Aquila Resources' $430 million sale of its half interest in the Isaac Plains coal mine in Queensland is a step closer to being officially sold, following Foreign Investment Review Board's (FIRB) ap
Fortescue Metals Group founder Andrew Forrest expects his company will pay "little or no" minerals resource rent tax when it comes into effect from July 1.
National Australia Bank and the Bank of Queensland have become the first banks to lower interest rates, but both say they won’t pass on the full 50 basis point cut recommended by the Reserve Bank o
FIVE years after its launch and having developed a strong relationship with Aboriginal communities, the Nyoongar Sports Association has launched a new strategic plan aimed at diversifying its fundi
