New figures published by the Australian Bureau of Statistics (ABS) on Wednesday showed that the country’s trade surplus registered at $3.539 billion in June, pointing to a gain of $1.714 million when compared to a previous corresponding period.
While market conitions are volatile Russell Investments doesn't see another downturn for the global economy, so the group forecasts sharemarkets end the year higher than current levels.
Australia's home price growth slowed less than predicted in the three months to June, as interest rates climbed and buyer demand weakened.
Private buyers raised up the ante on motor vehicle hunting in July as new vehicle sales soared by ten percent in the month compared to the sales figures posted in 2009 on the same month, with most customers taking a preference on the now-ubiquitous SUVs.
The Australian sharemarket opened slightly lower this morning after a selloff on the U.S. markets overnight.
Coal producer Linc Energy Ltd (ASX: LNC) said on Wednesday that it has sold its mining rights at the Galilee Basin exploration site, located in central-west of Queensland, for $500 million to Adani Enterprises of India.
Australian residents made a record 6.8 million short-term trips overseas in 2009-10, according to the latest data issued today by the Australian Bureau of Statistics.
Paint manufacturer Wattyl Ltd (ASX: WYL)on Wednesday that it has regained profit status this year, revealing that the company garnered an unaudited annual net profit after tax of $5.2 million for the 2010 financial year.
Activity in the service sector contracted in July, as government stimulus fades, according to a report.
US personal income and personal spending were both largely unchanged in June - with results below market expectations.
U.S. stocks fell Tuesday as disappointing earnings from Procter & Gamble and Dow Chemical and a round of weaker than expected economic data prompted worries about the strength of the recovery.
The Australian Dollar has opened above USD0.9100 after a night in which ambiguity and uncertainty presented themselves to the markets again.
After yesterday's strong move up on the S&P it's no surprise to see markets pull back and consolidate those gains. The lead in for the Australian market is relatively benign with the S&P 500 closing at 1120, down 0.5%.
The Australian Dollar fell below 0.9100 US earlier in the day following an unexpected decline of -3.3% in June building approvals.
No rate rise from the Reserve Bank yesterday, and no signals for what might happen in future months, as we got from Sep...
On the one hand, retail sales for June were weak, rising from May by just 0.2%, seasonally adjusted.Looking at the compo...
The building approvals figures for June were also mixed: a weak month to end what was started out as a strong year last ...
Is there life after a slump for Adelaide-based manufacturer Hills Industries?Judging by yesterday's full year result and...
Wheat prices at a two year high, copper hits a three month high, oil above $US81 a barrel, and other commodities such as...
The Fair Work Ombudsman has started a prosecution against Stewarts Transport & Logistics Pty Ltd, a Bendigo transport company, for allegedly underpaying a worker $3200.
Global miner Rio Tinto Ltd (ASX: RIO) is planning to invest another $US790 million ($A866 million) to grow its iron ore operations in Western Australia's Pilbara region.
Weak data and mixed earnings results at the consumer level took the gloss of Monday's rally last night. Dow down 38. (Locked for subscribers until 10:00 AEST)
The Australian stock market has received a weak lead from Wall Street where dismal earnings and economic data put an end to the recent rally.
In A double windfall for farmers the Coalition has committed to pursuing comprehensive trade agreements - reaffirming agriculture as a central pillar in all negotiations - and returning to a dedicated, stand-alone federal trade minister who has a seat in Cabinet."Some have suggested Australia should...
Australian prawn and barramundi farmers are this morning (Wednesday) calling on all political parties to support better country-of-origin labelling for the seafood industry.At their industry conference on the Gold Coast, farmers and industry have vowed to unite and pass a motion of support demanding...
Organisations from Exxon to the Bill Gates Foundation have invested heavily in the race to produce biofuel from algae. One Australian company is ahead of the game, and is now in the process of an IPO.
We'd all like to believe the US economic recovery is becoming more solid and sustainable, but new insights this week offer a different picture.
Global banking giant HSBC’s Australian unit says it intends to increase its corporate lending.HSBC says it will leverage its massive international balance sheet in order to capture market share from its big four Australian rivals.H
Despite rising commodity prices, the Australian central bank has been forced to hold interest rates steady, as consumer spending remains static.
The Australian market ended 0.7% higher with cyclical/risk sectors driving the gains but failed to challenge the 4600 level
