US markets were closed overnight for the Thanksgiving Day holiday.
The devastating mine accidents in the recent months have prompted Rio Tinto (ASX:RIO) to further pursue new innovative means of safety for its miners. Australia's Rio Tinto will be investing some C$10 million for research to create a Centre for Underground Mine Construction.
Authorities have set a building revival forum for February 8, 2011 aimed at supporting the Queensland as it deals with the effects of the Global Financial Crisis.
Melbourne's suburbs lack new office buildings thus keeping demand high and vacancy rates down reported Colliers International's Melbourne Metropolitan Report.
The Reserve Bank of Australia (RBA) hinted on Friday it is likely to hold the cash rate at 4.75 percent for the rest of the year.
The AUD has opened slightly higher this morning, despite thin trading conditions with the Thanksgiving holiday in the US overnight.
The multi-million Yarra Valley project has failed as its lead investor Melbourne businessman Bernard Roux filed for bankruptcy.
The Aussie opens around the US98 cent mark today after yet another volatile 24 hours.
The main European equity markets advanced Thursday as a strong finish on Wall Street offset worries about sovereign debt in peripheral euro-zone countries.
The European Commission and German Government have denied a news report that European officials were considering doubling the size of a rescue fund to support the Euro.
The Australian stock market posted moderate gains on Thursday, amid sluggish trading conditions ahead of a public holiday in the US.
Home buyers and sellers are increasingly opting for more environmental friendly homes according to industry insiders and research groups.
Melbourne-based architectural firm , Fender Katsalidis, is set to design the world's second-tallest tower standing 580 meters high and inspired by Islamic patterns in Kuala Lumpur.
Work on the new Royal Melbourne Institute of Technology campus located on Swanson Street in Melbourne has begun and is expected to become a design landmark when the US$228 million, 11-storey city campus is finished in two years.
The Virgin Blue Group of Airlines Brisbane Domestic Terminal will undergo a multi-million major refurbishment that will include an upgrade of existing facilities on both the arrivals and departures concourse.
First time home owners will be better off looking at housing options in Sydney rather than Melbourne based on a report made by the HIA-Commonwealth Bank Housing Affordability Index.
Life insurer Tower Australia Group Ltd (ASX:TAL) today announced an increase in underlying profit of 24 per cent to $92.3 million for the year ended 30 September 2010.
Foreign buyers are flocking to Australian real estate market and fueling demand in Sydney's central business district, North Shore and Eastern Suburbs said the Real Estate Buyers Association of Australia.
The September quarter saw the infusion of fresh capital investments in Australia and judging from the latest figures carried by the Australian Bureau of Statistics (ABS), the rising trend would only continue, at least for the remaining part of the current financial year.
Australian stocks have kicked off today's trading with a rally after the negative start yesterday, as concerns over the Korean skirmish and the Irish bailout package subsided.
Perth Airport operator Westralia Airports unveiled its $500 million renovation blueprint that the company said would refurbish and merge the operations of the airport’s domestic and international terminals.
Westralia Airports Corporation (WAC), the owner and operator of Perth Airport, today announced its plans to invest up to $500 million over the next three years to deliver new and expanded passenger terminals, expanded aircraft parking areas and expanded public access infrastructure.
Queensland businesses are the most likely to expect weaker Christmas trading conditions across Australia, according to the Sensis Business Index released today.
More consumers are playing Scrooge this holiday season as two thirds of Australians are planning to spend less on gifts, sale shopping and family entertainment, according to a new survey by a finance comparison website.
Renewed demand for growth related assets pushed the AUD higher overnight.
The Aussie spent most of yesterday recovering from the previous session's losses owing to the military flare-up on the Korean Peninsula.
U.S. investors geared up for the holiday shopping season by snapping up retail stocks, erasing almost all of Tuesday's sharp declines as the latest economic data painted an improving picture for U.S. growth.
The final US consumer sentiment reading for November rose from 67.7 to 71.6.
The market made a late recovery to only close down a couple of points at the close today with the All Ordinaries Index (XAO) losing 0.1pct or 3.7pts to 4673.2.
The Australian share market closed steady after regaining early losses as investors bought into stocks weakened by concerns about European sovereign debt and tensions on the Korean peninsula
