The federal government has opened up 27 new offshore petroleum acreages across nine basins in Commonwealth waters off five states, including 13 new areas off the coast of Western Australia.
Up to half of all new jobs created in the next few years will be in sectors related to the booming mining industry, the Reserve Bank of Australia says.
The once-mighty Aussie dollar is losing purchasing power as it slips below its US counterpart, but TVs and electrical gadgets are likely to stay dirt cheap - for a while at least.
Australia has identified gas reserves that could keep up the rate of current production for nearly two centuries, Resources Minister Martin Ferguson says.
Construction and contracting company Decmil Group has announced new contract wins collectively worth $137 million, including a major new deal with Fortescue Metals Group.
Local stocks have opened firmer with market players buoyed by the Chinese central bank's actions to support lending in one of Australia's key trading partners.
US stocks took a beating last week, only to face more turbulence from Europe as Greece grapples with rising political uncertainty that could cost the country's crucial EU-IMF bailout.
Perth's City Square has become just the second property worldwide to bear the name of Canadian investment fund Brookfield, after it was rebranded Brookfield Place Perth.
The "bully boy tactics" of Coles and Woolworths are threatening the future of Australian food production, Australian Workers' Union boss Paul Howes says.
Fears of a new financial crisis in the wake of Greece's elections have dragged the Australian dollar perilously close to parity with its US counterpart.
Oil and gas companies operating in Australian waters tend to fail to recognise at a corporate level the occupational health and safety risks posed by ageing facilities, a report says.
Aura Energy stocks have jumped on the Australian Securities Exchange, after the company announced it had appointed Gresham Advisory Partners as its corporate advisors.
Greyhound Australia has won a $104 million contract to transport workers from Onslow airport to the construction site for Chevron's Wheatstone liquefied natural gas facility.
The High Court will hear a class action by customers of the ANZ Bank alleging it charged excessive fees for overdrafts, overdrawn accounts, dishonour fees and over-the-limit credit card accounts.
Some of the activists who have flown to Broome to picket against Woodside Petroleum's controversial Browse gas hub development are "professional protesters", West Australian Premier Colin Barnett s
Cape Lambert Resources says it has reached agreement to sell its Leichhardt copper project in Queensland for $25 million, less than two years after purchasing it for $7.75 million.
