Still reeling from the series of its financial and operational woes, Cougar Energy Ltd (ASX: CXY) came out scrambling for the right solutions as the company announced on Thursday that it is currently conducting discussions that could lead to an alliance in developing further underground coal gasification (UCG) projects.
Australian demand for construction or improvement of home building has declined in August as higher interest rates turned off would-be borrowers.
Hobart was the best-performing capital city in the three months to August, according to a leading supplier of commercial and residential property information services.
The Australian dollar dipped on Thursday noon after disappointing domestic building approvals data gave investors an excuse to sell into some of its recent hefty gains.
The Australian sharemarket is trading sharply lower at Thursday noon after receiving some mixed local data and negative leads overnight.
The Reserve Bank of Australia (RBA) found the Australian financial system to be strong and profitable.
The New South Wales Supreme Court ruled in favor of grocer company Metcash Limited's (ASX: MTS) position against its former supermarket chief.
Figures were flying high for Qantas Airways Ltd (ASX: QAN) as the company reported on Thursday that travellers using the airline’s services have risen by 8.5 percent in August though the company’s revenue seat factor has retreated a bit by 0.9 percent to 79.6 percent for the year.
Australian home prices in August continued a downward trend since the market peaked in May, according to RP Data-Rismark's capital city home value index.
The new director of Sigma Pharmaceutical Limited (ASX: SIP) warned of a 12 month recovery period for the company.
Mining services firm Asciano Group (ASX: AIO) said on Thursday that it has been awarded a 10-year $550 million hauling contract by Centennial Coal Company Ltd to transport some 4.5 million tonnes of coal from Centennial’s mine site in the Southern and Western Coalfields regions of New South Wales.
Global ratings agency Fitch Ratings will conduct several stress tests on Australian banks so as to determine what is likely to happen if mortgage defaults rise as much as eight percent and property prices slump by 40 percent.
The International Monetary Fund (IMF) said on Wednesday that the Australian economy is robust enough to absorb global financial shocks as the world body praised the country’s economic managers for bringing it into budget surpluses while noting that it is one of the few advance economies which emerged largely unscathed from the global financial crisis.
The nation's largest telecommunication company is prepared for operations without the National Broadband Network deal.
The recent rally in the AUD continued overnight with the local unit breaching USD0.9700 to record its highest level since July 2008.
US mortgage applications fell by 0.8pct in the past week - marking the fourth straight week of declines. However the MBA purchase index (a early indicator of home sales) rose 2.4pct.
Stocks stumbled modestly as declines in the more economically sensitive materials and financial sectors offset a rise in oil prices and energy stocks.
Early yesterday it appeared as though we were in for another quiet Asian session with the AUD/USD sitting contently within a 25 pip range for the majority of the day.
Australian researchers were able to identify specific targets for future breast cancer treatments through a sophisticated new protein screening technology to profile basal breast cancer.
On the Sydney Futures Exchange this morning, the share price index futures contract was five points lower at 4668 points.
The surging Australian currency held ground to nudge closer to a 2008 peak on Wednesday noon, as US dollar weakness persists and traders balance concerns about global risk factors.
The Australian sharemarket closed lower on Wednesday after it was led down by a weak financial sector during afternoon trade.
The International Monetary Fund has downplayed the impact of global currency war among countries, but admitted it is possible to occur.
Market confidence on Australian companies improved further as credit-default bonds fell anew.
Qantas Airways Ltd (ASX: QAN) had a first crack on the recently approved alliance by Abu Dhabi-based Etihad Airways on its close competitor Virgin Blue, according to the airline top honcho Alan Joyce.
The Federal Court hearing the $37 million sexual harassment case against luxury retailer David Jones Ltd, nine company directors and former chief executive Mark McInnes finally ordered on Wednesday the revelation of all the names of witnesses involved in celebrated sex case.
Mineral explorer NGM Resources Ltd (ASX: NGM) expressed dismay on Wednesday as it reacted on last week’s revelations by Paladin Energy Ltd (ASX: PDN) of backing out from the two companies’ merger deal that the latter has attributed to the worsening security situation in Niger.
Rare earths explorer Lynas Corporation Ltd (ASX: LYC) announced on Wednesday that it has struck a deal with a major Japanese firm for supply of rare minerals with pricing wholly based on the China free-on-board (FOB) market price during the delivery time.
The Australian stock market was slightly firmer at Wednesday noon, boosted by mining gains on the back of higher metals prices overnight.
Property developers in the Gold Coast are merely waiting for investors to pull out of off-the-plan purchases of more than 900 new apartments.
