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.
The Australian share market closed lower as investors pondered possible weakening in the resources sector, a hold on interest rates this week, a soaring Aussie dollar and Greece's debt crisis.
The federal government expects to raise about $3 billion from the renewal of spectrum licences for mobile phone and wireless broadband services held by Australia's three main telecommunications gro
Former Perth fertiliser tycoon Pankaj Oswal is facing a contempt of court charge for allegedly releasing confidential information to the press about the receivers appointed to Burrup Fertilisers.
Minerals explorer Sheffield Minerals has launched a $10 million capital raising to fund drilling and exploration programs at its Dampier Zircon and Enneabba mineral sands projects.
A lower inflation forecast means there is still plenty of scope for the Reserve Bank of Australia (RBA) to drop the official interest rate further, economists say.
The Australian Football League has filed a notice of appeal in the Federal Court after losing a court battle to prevent Optus offering its TV Now service.
Banks clawed back margins on home loans in late 2011 with average interest rates on new variable mortgages declining by less than the overnight cash rate, the Reserve Bank of Australia (RBA) says.
Doray Minerals has announced an in-principle native title agreement it says will pave the way for the company to be granted a mining lease over its Andy Well gold project in the Murchison.
Subsea services provider Fugro TSM has won a $100 million-plus contract with Woodside Energy at the North West Shelf project off the coast of Western Australia.
Australia's top diplomat has expressed frustration with the slow progress of free trade talks with China, suggesting there is unlikely to be a deal for many years to come.
Rox Resources shares have spiked 12 per cent after the company unveiled a maiden JORC-compliant gold resource at its Mt Fisher gold project in the northern Goldfields.
Newcrest Mining has forecast a continuing strength in the gold price after reporting a record high first half profit, driven by stronger gold, silver and copper sales.
Wangara-based Vortex Pipes has requested reinstatement of its shares on the Australian Securities Exchange, after entering a refinancing agreement with Carmichael Corporate.
