National Australia Bank chief executive Andrew Thorburn will tell a parliamentary committee that his bank had to balance the needs of borrowers, savers, investors and shareholders when it decided not to pass on in full the Reserve Bank's latest rate cut.
Bunnings’ property arm, BWP Trust, has posted a solid 48 per cent increase in net profit for the 2016 financial year, backed by some big revaluations and higher rental growth.
Advocates for the abolition of Western Australia’s development assessment panels took a hit yesterday, after the WA Local Government Association knocked back two motions that called for the scrappi
Downer's full-year profit has dropped 14 per cent due to a slowdown in its main mining and construction divisions and write-offs related to an unsuccessful metro rail bid.
Work is officially under way on the second stage of the Australian Centre for Energy Process Training facility in Munster, with the first sod turned today.
Shares in mining equipment supplier Emeco Holdings were up 50 per cent today after the company revealed an earnings uplift despite continued tough conditions.
Probuild has started construction of the Ritz-Carlton hotel and The Towers apartments project at Elizabeth Quay, with the luxury development to open in 2019.
Premier Colin Barnett has voiced his opposition to The West Australian’s proposed purchase of The Sunday Times as the competition watchdog raised concerns of its own.
Diversified miner Metals X has confirmed a $115.6 million capital raising and plans to demerge its gold assets into a new company, which will be led by existing chief executive Peter Cook.
The Australian share market has opened strongly, with energy firms and global miners BHP Billiton and Rio Tinto leading the benchmark index back above the 5,500 mark.
Global equity prices have slipped for a third straight day due to growing nervousness about US central bank policy, even as Wall Street eked out a modest gain.
The price of gold has retreated from the three-week high set in the previous session, after a rise in the US dollar on the back of strong economic data.
The Australian dollar has held ground just above its Wednesday close but remains in a tight range against the greenback ahead of the release of local retail trade.
Oil prices have jumped more than three per cent, with US crude futures returning to above $US40 a barrel, after a larger-than-expected petrol draw offset a surprise build in crude stockpiles in the No 1 oil consumer.
Banks reject Turnbull demandThe big banks have rejected as unaffordable Turnbull government demands that they pass on Tuesday’s interest rate cut in full but have agreed t
Perth’s office vacancy rate has risen to nearly 22 per cent, but the Property Council of Australia says that figure could mark an end to commercial landlords' pain due to the supply cycle having peaked.
The employment market for geoscientists improved in the three months to June, in a sign that the resources industry might have reached the bottom in this cycle, although more than a third are still getting less than their desired amount of work.
Formal opening of the new Perth Children’s Hospital has been delayed following the discovery of asbestos in the roof of the facility, with no updated completion time disclosed.
Qantas and Tourism Australia have signed a $20 million, three-year deal to promote the nation to the world, marking a big step in repairing the pair’s strained relationship.
The environmental watchdog has recommended rejection of a new uranium mine in the Goldfields after the proposal failed to meet one of nine strict factors.
Rio Tinto says it will spend $US338 million developing its Silvergrass iron ore mine in the Pilbara, on the same day it disclosed a slump in underlying earnings and dividend payments.
Kerry Stokes' diversified media, mining equipment and energy group, Seven Group Holdings, has swung to an annual profit and is cautiously confident that trading conditions will stabilise this year.
