The Reserve Bank of Australia has backed claims by major lenders that their cost of borrowing has risen drastically in the wake of Europe's sovereign debt crisis.
There is no law against providing lousy financial advice, but there ought to be, and the first person investigated should be the man in charge of Australia's finances, Wayne Swan.
Australian stocks opened lower this morning, with market players using the downgrade of three European countries as a catalyst to sell out of equities.
US stocks closed higher on Monday after the Greek parliament's approval of tough austerity measures paved the way for a new financial rescue of the country.
Andrew Forrest's Fortescue Metals Group will pay Iron Ore Holdings $25 million for the exclusive option to mine the Iron Valley and Weelli Wolli tenements in the central Pilbara, in a deal that cou
The Australian share market closed strongly, with investors delighted after the Greek parliament voted for an austerity package needed to obtain bailout funds.
ACP magazines and Seven West Media have refused to comment on speculation that the owners of Nine Entertainment Co were looking to offload the magazine publisher in a bid to reduce debt.
The Guildford Hotel Redevelopment Group is seeking to overturn redevelopment conditions proposed by the City of Swan for its plan to restore the historic fire-damaged hotel, saying the $7 million p
Minemakers has launched an off-market, all-scrip takeover bid for its joint venture partner UCL Resources, which values the target at around $23 million.
National Australia Bank and the Commonwealth Bank have followed the lead of ANZ and Westpac, hiking interest rates above that prescribed by Australia's central bank and blaming higher funding costs
Environmental services firm Cardno has won a $22 million contract to help provide major infrastructure upgrades at several Rio Tinto iron ore mines in Western Australia.
A motorists' lobby group says the competition and consumer watchdog has the power to crack down on petrol price gouging by supermarkets and other fuel retailers.
Expectations of a strengthening housing sector have been helped by new figures showing a rise in the value of new home loan commitments to a two-year high, economists say.
Murchison Metals shareholders have backed the sale of key assets to the company's equal joint venture partner, Japan's Mitsubishi, clearing the way for the $325 million deal to proceed.
Tap Oil has washed its hands of any exposure to legal action surrounding the Harriet gas joint venture, selling its 12.2 per cent stake to a subsidiary of Apache Corporation for $10 million.
Australia's number two telco Optus says it has posted a resilient third-quarter result where net profit rose four per cent and operating revenue increased two per cent.
The Australian share market opened higher this morning after the Greek parliament agreed to an austerity package needed to obtain bailout funds for the debt-laden country.
The Australian dollar has fallen to its lowest level in almost two weeks as the Greek parliament debates legislation that would enable the euro-zone nation to avoid a default on its debt.
A five-week streak of gains on US markets ended on Friday after revived worries that Greece will default on its huge mountain of debt sent stocks falling.
The central bank's decision to lower its forecasts for inflation and growth shows the nation's economy is rock solid despite headwinds from Europe, Treasurer Wayne Swan says.
The Australian dollar has fallen one US cent after the central bank lowered its inflation forecast and Greece's moves to avoid a default on its debt suffered another setback.
Paynes Find Gold has announced a $4 million capital raising plan to fund an exploration ramp-up at its tenements 420 kilometres northeast of Perth, following months of boardroom upheaval.
