WorleyParsons shareholders are seeking tens of millions of dollars from the engineering and construction giant, alleging they were misled over earnings forecasts.
The decision to keep rates unchanged in the US has given a note of confidence to the Australian share market, despite supermarket giant Woolworths shedding eight per cent of its value.
Gold prices have fallen in their weakest session in a month, with the market turning lower after the US Federal Reserve left the door open to a possible interest rate rise in December and the US dollar hit a two-and-a-half-month high.
Oil prices have surged after a US stockpiles report showed oil supplies rose less than expected last week, bringing a whiff of relief to concerns about the global glut.
Production is a step closer to restart at the Mt Cattlin lithium mine, with General Mining Corporation signing a four-year offtake deal with Mitsubishi Corporation.
The share market has fallen as weaker commodity prices and a disappointing profit from National Australia Bank outweighed increasing expectations of a Melbourne Cup day rate cut.
Engineering contractor Calibre Group has announced a radical restructuring that includes a partial buyout of minority shareholders, delisting from the ASX, and the purchase of Sydney-based company Diona for $45 million.
Tony Poli's property development vehicle Aigle Royal has won its biggest job to date in Perth’s property market, with the state government naming it as its preferred proponent to develop the former
Labor and Greens voters are so glad Tony Abbott’s gone they are indicating their support for Malcolm Turnbull. But will this support transfer to the ballot box?
Gindalbie Metals is handing over leadership of Karara Mining, with the venture's major shareholder, Chinese steelmaker AnSteel, appointing a new chief executive.
A host of “hero” events, attracted in part by the development of new hotels and Elizabeth Quay, is set to drive significantly increased revenue into the Perth Convention and Exhibition Centre, with flow-on effects for the wider economy.
Tame inflation figures have given the green light to the Reserve Bank of Australia for an interest rate cut, but it remains unclear whether the central bank is inclined to step on the accelerator at its next monthly meeting.
Uranium hopeful Bannerman Resources is looking to take full ownership of the Etango project in Africa and become debt free, through a deal with its two major shareholders.
National Australia Bank lifted annual profit to $6.34 billion and confirmed plans to sell its unprofitable UK business and the majority of its life insurance arm.
Shares of pharmacy chain Rite Aid and Starwood Hotels have bolted higher on reports of possible takeover bids, but the broader market declined on mixed earnings and lacklustre economic data.
Oil prices fell Tuesday with the market expecting another rise in US stockpiles as mild weather limited demand and sent natural gas prices to three-year lows.
Gold has edged up as the beginning of a two-day Federal Reserve meeting has investors turning cautious, and moves are muted as buyers await clues on the timing of a possible US interest rate hike.
