AAP

Commonwealth Bank of Australia (CBA) shares have dropped despite posting a profit of $1.7 billion for the three months to March.

US stocks gave up early gains on positive US economic data to sink lower Wednesday as worries over Greece's future in the euro zone hit investor sentiment.

Federal Climate Change Minister Greg Combet is confident the international carbon market will stabilise in coming years.

 Joe Hockey's swipe at the federal government plan to increase its debt ceiling is an irresponsible scare campaign, Treasurer Wayne Swan says.

Australian stocks have plunged to two-month lows led by the resources sector, with Greece's problems keeping investor confidence at depressing lows.

Environmentalists are angry and commercial fishermen fearful after the federal government revealed plans for expanding oil and gas exploration in Australian waters.

The Australian Boomers will face off against world No.10 China in a three-match basketball series in Western Australia in June as the two countries gear up for the London Olympics.

The ACTU plans to campaign for new laws to give casual workers more protection in job security.

Federal Treasurer Wayne Swan says the government's contribution to the Great Eastern Highway upgrade in Western Australia is concrete proof it is spending enough on infrastructure in

Total loan approvals were up 5.2 per cent in March, official figures show.

Consumer confidence has posted a modest rise after the central bank provided a large cut to the cash rate on May 1.

Transport and logistics group Toll Holdings has warned of lower earnings in 2012 as weakness in the retail sector impacts on its business.

Engineering company Monadelphous Group says it has been awarded two new Pilbara construction contracts worth about $150 million.

Australian stocks have opened more than one per cent lower amid broad based declines as local market players took their cues from a poor night on Wall Street and ongoing troubles in Europe.

Household compensation to cushion the impact of the carbon price will start flowing to Australian families today.

US stocks have sunk as speculation about Greece's potential exit from the eurozone continues after the country's political parties failed to forge a government.

The Australian dollar rose back slightly above parity with the US dollar after a boost in late afternoon trade on official data showing Germany avoided a recession.

The state government will introduce legislation tomorrow allowing Bankwest to operate under the same license as its parent company.

Industry veteran Richard Cottee has taken up the reins as chief executive at conflict-ridden Central Petroleum, saying it's the company's massive exploration acreage that appeals to him.

Australian stocks fell to a weaker close, dragged down by heavy losses among the resource stocks.

The cost of a police operation to protect the interests of Woodside Petroleum against anti-gas hub protesters near Broome is expected to exceed six figures.

Treasury boss Martin Parkinson has argued the case for bringing the federal budget back to surplus, saying it is happening in a much healthier economic environment than in many other advanced econo

Blinds and curtains maker Kresta expects property sales to bring it back to profitability this financial year.

A drop in the Australian currency below parity with the US dollar and a recent cut in domestic interest rates will help manufacturers, the Australian Industry Group says.

Woodchipper Gunns has struck a deal to sell its hardwood sawn timber business for $28 million as it continues to finalise its long-awaited capital raising.

The state government has dismissed a report claiming the state cannot afford a Norway-style sovereign wealth fund - just as it prepares to unveil its own.

Slowing economic growth, inflation, and interest rate hikes by commercial banks gave the Reserve Bank of Australia (RBA) the impetus to cut the cash rate in May.

Beverages supplier Coca-Cola Amatil expects a higher underlying profit in the first half of the 2012 calendar year, despite tough trading conditions.

Treasurer Wayne Swan will reassure business the federal government is still on the case to reform the tax system, despite ditching a promised cut in the corporate tax rate in last week's federal bu

Westpac has cut its interest rates on its short term fixed rate home loans by up to 20 basis points.

Australian stocks have opened lower, with local market players taking their cues from a poor night on Wall Street as the political gridlock in Greece dominated trading.

More than half of all Australians feel they have been personally affected the global downturn, despite the nation's strong economy.