BUSINESS

International miner Equinox Minerals Ltd (TSX and ASX: EQN) said today it intends to declare its recommended takeover offer for Citadel Resource Group Ltd free of all defeating conditions if Equinox receives an interest in Citadel shares of more than 50 per cent on or before 5pm Western Australia Standard Time on December 16, 2010.

Striking an out-of-court settlement on the celebrated sexual harassment case against David Jones Ltd was only appropriate, according to the luxury retailer.

Australian stocks are recording another solid session of gains, thanks to a firm offshore lead on encouraging US economic data and reports the European Central Bank has bought Portuguese and Irish bonds.

First home buyers remain active in the market although their numbers have dropped by more than 50 percent based on figures presented by the Office of State Revenue.

Qantas Airways Ltd is seeking for financial compensation on losses it incurred due to the Airbus engine troubles that hounded the airline’s numerous flights and forced its entire A380 fleet from flying for a number of weeks on November.

The Real Estate Institute of Australia (REIA) has made their own suggestions to improve flexibility of the the government's proposed First Home Savers Account.

Housing prices in Australia's Gold Coast are dropping by as much as 30 percent with increasing properties up for sale and rising unemployment and interest rates hurting the major tourist destination.

The Australian Dollar has opened almost one US cent higher this morning as global sentiment turned positive overnight.

U.S. stocks climbed Thursday, extending the market's strong start to the month as better than expected chain store sales and pending home sales painted a brighter picture of the U.S. economy.

Australian Dollar: Local results drove the Australian dollar for most of the Asian session yesterday with a mixed bag of data being released.

Russia has won the right to hold the Football World Cup in 2018 and Qatar will hold the event in 2022.

The Australian share market surged 1.8 per cent to a two-week high on positive economic data from the US and China and the prospect of quantitative easing in Europe.

An increase in the local share market is noted today buoyed by the overall good economic performance in the Asian region.

The federal government needs to define its exact policy on carbon pricing, skilled immigration concerns and the controversial mining tax in order to lend some level of certainty in the Australian economy.

Australian farm chemicals maker Nufarm Ltd said on Thursday it sees its first-half operating results to return to the black this year, with first-quarter earnings well ahead of the previous corresponding half.

The Trent 900 engine that powers the Airbus A380 superjumbos could be afflicted with manufacturing defects that could lead to engine failure and a potential mid-air disaster.

Real estate consulting firm, CB Richard Ellis Group, Inc. (CBRE) bagged the award for being the "Best International Property Consultancy" of the year during the International Property Awards held in London on Saturday.

Australia’s trade surplus breached the $2 billion median market forecast in October, which prompted economists to muse that the country’s expert sector would maintain its robust standing in the months to come.

Retailers would have to double, if not triple, their efforts to get customers through the doors and confident to shop before any Christmas cheer returns to the sector, the industry body said today.

Investor confidence in Melbourne's prime industrial sites are picking up as more developers speculate on increased demand.

Giant retailer Coles Supermarket has bemoaned of the protracted five days shutdown spread throughout the two-week long holiday break for business establishments this December in South Australia.

A fast food complex located Sydney suburb, Bonnyrigg , was sold to a local investor for US$1.8 million including a initial net yield of 10 percent.

Airbus is all set to deliver three freshly-built A380s to Qantas Airways this December and future deliveries, according to the aircraft manufacturer, would be fitted with new engines and meet completion target at the same time.

Vacancy rates in Melbourne's central business district has dropped by almost 20 percent compared to rates in January amidst new office development according to research from Savills International.

Australian retail trade at current prices decreased by 1.1 per cent in October, seasonally adjusted, following a revised rise of 0.1 per cent the previous month, according to data released today by the Australian Bureau of Statistics.

Thiess, an Australian mining contractor wholly owned by Leighton Holdings Ltd (ASX: LEI), announced today it has won a landmark $5.5 billion mine development and coal mining contract in India.

Australian-based AMP Capital Property sold West Auckland's LynnMall shopping center US$174 million Kiwi Income Property Trust.

ESCO Corporation, a global provider of engineered consumable products, announced today the acquisition of all of the issued and outstanding shares of Austcast Pty Ltd in Brisbane, Australia, and its subsidiary Newlcast in Dunedin, New Zealand.

Property industry groups are calling for the government to provide more details on the US$35.7 billion National Broadband Network (NBN) deal specifically affecting property developers.