US stocks have slashed steep early losses in the last hour of trade to end moderately lower, amid short covering and hopes that EU leaders would agree measures to stem the eurozone crisis.
Australian law firm Freehills and English firm Herbert Smith announced today that their partners have voted overwhelmingly in favour of a merger to create a new firm that will trade as Herbert Smit
One day before it was due to be released, Environment Minister Bill Marmion has announced that he is seeking legal advice on the Environmental Protection Authority's report into the proposed gas hu
Beleaguered grocery wholesaler Metcash is diversifying into the car spare parts business to help bolster its bottom line and will undertake a $375 million capital raising to help pay for the new bu
Economists doubt that the central bank will cut interest rates for a third month in a row when its board meets next week, despite further signs of weakness in demand for workers and new houses.
New home sales declined in Western Australia by 4.7 per cent in May, but the Housing Industry Association says conditions are right for the sector to bounce back by the end of the year.
The Australian share market surrendered most of its early gains to close almost flat as local investors waited to see if European Union leaders meeting in Brussels would act to contain the euro zon
Caltex Australia, which is pondering closing its refining operations, expects its first half profit to rise by as much as 81 per cent per cent due to higher refinery production.
Like it or loathe it, the carbon tax is here.Climate Change Minister Greg Combet insists it won't lead to businesses going broke and power bills forcing families to the wall.
Downer EDI has won a $175 million Western Power contract to construct a major transmission line from Perth's northern suburbs to Eneabba in the Mid West.
Despite some data showing the economy is growing strongly, it may not be growing strongly enough to match the growth in the number of people wanting jobs.
Three new ministers have been elevated to state Cabinet and two have been demoted after Premier Colin Barnett took the opportunity, forced on him by Christian Porter's shock decision to step down,
The Australian share market has opened half a per cent higher, following Wall Street's overnight positive lead ahead of a key European Union summit on the euro zone debt crisis.
The Australian dollar has moved higher following a better performance in US stocks.At 0700 AEST, the Australian dollar was trading at 100.81 US cents, up from 100.55 cents yesterday.
A rebound in US durable goods orders in May, a sign of firmer action in US industry, has helped push US stocks higher in the wake of European and Asian markets.
Fortescue Metals Group chairman Andrew Forrest has purchased another $43 million worth of shares in the iron ore miner, taking his total spend on FMG stock this week over $100 million.
Australians are increasingly using technology to help them shop, with nearly 40 per cent having used a smart phone or an iPad to compare prices, research says.
News Corp is considering splitting off its publishing assets from its more profitable entertainment business but that would not mean chairman Rupert Murdoch is stepping away from his much-loved new
Fremantle, Stirling and Murdoch are set to receive an economic boost, with the state government announcing plans to relocate 80,000 square metres of office space from the CBD to suburban locations.
The Australian share market has closed slightly higher, boosted by a positive lead from US markets, but trading remains weak and cautious ahead of a summit of European leaders later this week.
BC Iron has achieved its final production milestone for this financial year at its Nullagine iron ore joint venture with Fortescue Metals Group, exporting over 3.5 million tonnes of ore.
The Metallurgical Corporation of China has been ordered to set aside $80 million owed to Cape Lambert Resources over the sale of a Pilbara magnetite project in 2008.
