The federal government insists there will be a floor price when the carbon tax transforms into an emissions trading scheme in mid-2015, despite independent MP Rob Oakeshott suggesting he could try
Westpac's business customers have received greater interest rate relief than mortgage holders, with the bank saying the sector needs a boost in the current economy.
A union representing 600 workers at the troubled Point Henry Alcoa aluminium smelter is optimistic the plant can be saved after meeting with US executives reviewing its future.
Wall Street made a brief incursion into positive territory early Thursday, but spent the rest of the day in the red as trepidation about weak data sent markets into a spin.
The Australian dollar fell about one-third of a cent to below 103 US cents after the publication of data showing weaker than expected Chinese economic output.
Australian stocks closed marginally lower on a day of low volumes as gains among finance-linked companies were offset by weakness in the energy sector.
Perth-based investor group Investmet Limited has agreed to underwrite a complex recapitalisation of Swan Gold Mining, adding to a string of mining deals it has undertaken this year.
Shares in Talga Gold have jumped on the Australian Securities Exchange, after one of the Perth based miner's Swedish graphite deposits was rated as one of the highest-grade in the world.
Atlas Iron has outgrown its current home at Alluvion on Mounts Bay Road, and will move into the $500 million Raine Square office tower by the end of the financial year, highlighting the tight offic
Mongolia-focused minerals explorer Eumeralla Resources has listed on the Australian Securities Exchange, after successfully completing a $3.5 million initial public offering.
Setting aside natural gas resources for the nation's own use would be counter-productive and could leave gas in the ground at a time when new supplies need to be developed, says oil and gas produce
Industrial and mining infrastructure firm Tenix has been announced as the preferred contractor to complete a $200 million upgrade of wastewater services in the Pilbara.
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.
