Australian shares are lower, breaking their six-day winning streak after Standard and Poor's warned 15 eurozone members of possible credit downgrades due to the region's deepening debt crisis.
Capital raised by companies listing on the Australian Securities Exchange slumped 61 per cent in November from a year earlier as the turmoil in global financial markets took its toll.
The Reserve Bank of Australia has cut the cash rate to 4.25 per cent from 4.5 per cent at its December board meeting.It was the second consecutive month that the RBA has cut the rate.
Woodside Petroleum doesn't expect its $30 billion Browse project will be delayed by a court deeming the compulsory acquisition of land for the processing hub as invalid.
Global conglomerate GE has opened a $100 million technology and learning complex in Perth, its first in-country support and maintenance center for the oil and gas industry.
While most states in Australia are seeing an increase towards purchasing units, townhouses, and semi-detached homes, recent Bankwest research shows Western Australians prefer their quarter-acre hom
CBH Grain's 2011-12 harvest is shaping up to be one of their biggest harvests in years, with total receivals for the state at approximately 8.2m tonnes and many sites breaking daily records, the la
Galaxy Resources has achieved mechanical completion at its Jiangsu lithium carbonate plant a month ahead of its revised schedule and will begin production early next year, according to a statement
Seven West Media has completed its takeover of National Hire Group, after Tasmanian Caterpillar dealer Dale Elphinstone relinquished his 21.9 per cent stake in the company for around $122 million.
Independence Group is expecting to incur a loss in the current half-year and to lose goodwill and value on two of its assets, according to a report from the company released late yesterday.
Would you prefer to deposit your money in a bakery or a bank? In Australia, the bank wins every time. In Europe, some people see their local baker as a better bet than the local bank.
Australian shares fell, breaking their six-day winning streak after Standard and Poor's warned 15 eurozone members of possible credit downgrades due to the region's deepening debt crisis.
The Australian dollar is higher today after European leaders announced plans to establish a new treaty which imposes strict budget discipline on member states.
US stock markets pared gains on Monday after a newspaper report said that Germany and five other triple-A eurozone countries face the prospect of a credit downgrade.
CBRE today announced it would take over management of Stockland's office and industrial assets in one of the largest property outsourcing mandates in Australia.
An inquiry headed by former Australian Federal Police Commissioner Mick Keelty will begin immediately to investigate the cause of the Margaret River bushfire and the prescribed burn that got out of
Greenland Minerals and Energy says it is seeking a development partner for its flagship Kvanefjeld multi-element project in Greenland, after the Greenland government granted it the right to apply f
Exploration company Minotaur today sold its 55 per cent controlling interest in the Tunkillia gold project in South Australia to Mungana Goldmines for $6 million in cash and shares.
There has been a sharp decline in business confidence as worries grow that the European financial crisis will worsen and hit the global economy, a private sector survey shows.
