Trade Minister Craig Emerson believes it is important to return the federal budget back to surplus so there's room for the Reserve Bank of Australia (RBA) to cut interest rates again if needed.
Opposition Leader Tony Abbott says tough cuts would not be needed in the federal government's mid-year budget review if Labor had not wasted billions of taxpayers' dollars.
Qantas Airwas shares increased from a seven week low today, despite the airline forecasting a fall in first half underlying profit of up to 66 per cent.
Engineering company Norfolk Group has signed an $82 million contract with BHP Billiton for work on rail signalling systems in the Pilbara region of Western Australia.
Rio Tinto has maintained its faith in Chinese growth by raising its Pilbara iron ore production target, even though it admits customers are becoming increasingly cautious about the world economy.
The Australian dollar has opened slightly higher, on talk of a possible bailout solution for eurozone countries, after a week of increasing fears for the European currency.
Germany is facing mounting pressure to let the European Central Bank (ECB) save the euro, as reports surfaced of IMF contingency bailout planning for a remodelled Italy.
Marylyn Paspaley’s Pinctada Hotels and Resorts has pulled out of its bid to develop a luxury hotel at Longreach Bay, a day after new data revealed a slump in visitors at the holiday destination.
Treasurer Wayne Swan may only need to do some modest tweaking to reach his promised budget surplus in 2012/13, the chief economist at the nation's biggest home lender says.
Sundance Resources' suitor Hanlong Mining has failed to secure a letter of confidence from China Development Bank for its $1.65 billion takeover of the iron ore explorer.
Telstra Corporation chief customer officer Gordon Ballantyne says the telco's plan to lift service standards and improve its standing among customers is on track.
The Australian sharemarket closed weaker for the sixth straight day, ending at a seven-week low, following losses on European markets overnight as investors grew impatient with a lack of action fro
Treasurer Wayne Swan says reports that China will allow direct trading of the Australian dollar against its currency on its foreign exchange market is another significant step of the bilateral rela
Tax dodgers will be caught, the Australian Taxation Office has warned after nabbing and convicting 356 people in the third quarter of this year.One person went to jail for five years.
NBN Co chief executive Mike Quigley says about 3,000 people now have services on the national broadband network, including people on the interim satellite service, and people at sites in Tasmania a
A Russian steel making giant may seek a deal with Fortescue Metals Group after a $554 million takeover of Flinders Mines, which holds an undeveloped iron ore project next to Fortescue's Solomon dev
Quickstep Holdings has announced a $10.3 million capital raising to fund the construction of its new headquarters and manufacturing facilities in New South Wales and support its involvement in the
Myer has reiterated that sales this fiscal year will be flat and net profit will decline as much as 10 per cent because of the tough retail conditions.
Shares in Woodside Petroleum slumped six per cent to a seven-week low after the oil and gas producer's 2012 production target fell short of expectations.
The Australian sharemarket has opened weaker for the sixth consecutive day as investors shy away from mining and resources stocks and after European markets suffered more losses.
European stock markets have closed mostly lower, slipping back from a modest technical rebound made as a strong survey of German business confidence helped sentiment amid the eurozone debt gloom.
Transperth has signed on with transport systems technology specialist Vix Technology, formerly ERG, to carry out a trial aimed at improving Perth’s public transport network.
Two leading business figures have spoken out against the recently introduced two-strikes executive pay rule, arguing it could be used for mischief and does not improve corporate governance.
David Jones shares slumped to an eight-week low after the retailer reported that first quarter sales fell more than 10 per cent and confirmed expectations of a hefty drop in first half profit.
