The Federal Government’s commission of audit has outlined 86 recommendations aimed at saving the budget up to $70 billion annually, with pensions, Medicare benefits, tax concessions and public service jobs all in the firing line.
The Barnett government has moved to defer future payments to providers of reserve electricity in a key first move of its review of the state’s electricity market.
Mirabela Nickel has reported a 14 per cent drop in nickel production for the March quarter as the cash strapped company seeks to undertake a complex restructuring.
Amcom Telecommunications has inked a deal which opens the door to it selling cloud-based services to the potentially lucrative higher education market.
Perth-based mining and exploration company Mindax will reduce its board membership from six down to four as a part of a company restructuring effort designed to minimise costs.
The commission of audit could recommend including the family home in the pension assets test, cuts to education and health and a maximum co-payment of $20 to see a bulk-billing doctor.
Gold prices have edged lower after the Federal Reserve cut bond purchases as expected and said economic growth is back on track after dropping off during the winter.
Chevron Australia managing director Roy Krzywosinski and Rio Tinto Iron Ore chief executive Andrew Harding have joined some of Australia’s top business leaders in being honoured by the American Australian Association.
Woodside chief executive Peter Coleman has urged the company’s shareholders to be patient, as it works through multiple challenges affecting its growth projects and its operating costs in Australia.
Qantas chief executive Alan Joyce has described how the national carrier’s $2 billion cost cutting program seeks to strike a balance with its premium airline image and capabilities.
Less than three weeks after announcing it had secured $US6.47 billion ($6.89 billion) in equity funding to construct a port and rail network at Oakajee, junior explorer Padbury Mining says the deal is now dead.
Social entertainment firm mig33, which is in the middle of a reverse takeover of Latin Gold, has secured more than $10 million in investment from Hong Kong-listed handset manufacturer FIH Mobile.
Perth-based miner Aditya Birla Minerals disclosed today it has stood down the majority of employees at its Nifty copper mine as it continues to investigate suspected ground subsidence.
Melbourne company Vocation has acquired Perth-based Australian College of Applied Education and 50 per cent ownership of the Australian School of Management for $2.125m.
Dubber, a cloud based call recording platform, is preparing for a backdoor listing on the Australian Securities Exchange after signing a deal with West African gold explorer Crucible Gold.
Hancock Prospecting is being compelled to hand back a stake in the Rhodes Ridge iron ore project after the Gina Rinehart-led company dragged its heels after a court ruling.
Galaxy Resources has agreed to sell its Jiangsu lithium carbonate plant in China to Sichuan Tianqi Lithium Industries in a deal worth about $249 million.
The Perth Mint is set to spend $16 million to expand its manufacturing facilities, in response to increasing demand for bullion and precious metal blanks, which are used to make coins.
Pharmacies supplier and health and beauty retailer Australian Pharmaceutical Industries has booked a loss of $115 million for the first six months of its fiscal year, after major asset writedowns.
The Australian dollar has drifted higher following a rally on global share markets and expectations that the greenback will trade within a narrow range.
Global oil prices have risen, supported by tensions over the Russia-Ukraine crisis and expectations of a drop in US commercial inventories at the key Cushing terminal.
