AGL Energy has announced that it has successfully diverted some of its debts to the American market as a part of its scheme to make the firm’s debt maturity longer and to diversify its sources of financing.
Woodside Petroleum’s search for suppliers and gas for its Pluto project seems to be getting delayed second stage approval into 2011 at the least.
Babcock & Brown, the failed investment firm, was using a high risk business system and was deep in debt, Michael Larkin, the firm’s last CEO has disclosed to an inquiry regarding the firm’s fall.
Iron ore mining firm Grange Resources Ltd (ASX: GRR) said on Friday that it is set to spin off two non-core assets, one of which is offshore operation, which should enable the Perth-based company to concentrate on its main business within Australia.
Further hikes in interest rates are expected as Australia's export prices hit a record increase last quarter fuelled by Asian demand for iron ore and coal.
Premier Mike Rann of South Australia says the federal government’s scheme to integrate more green energy into Australia’s power grid is very good news for their state.
Babcock & Brown was submerged in debt during its collapse, according to Michael Larkin in the fourth day of hearings in the Federal Court in Sydney.
Dissidents exposed to the downfall of Australian financial services firm Sonray Capital intend to raise a class action against administrator Ferrier Hodgson in an effort to claw back their accounts.
PanAust delivered a solid quarterly production report and with a number of growth options available brokers remain almost unanimously positive on the stock at current levels.
Medical diagnostics firm Sonic Healthcare Ltd (ASX: SHL) reaffirmed on Friday the company’s latest full-year guidance, adding that its US operations gained second half organic revenue growth of 3.6 percent while the same operation’s organic volume growth notched up by 1.4 percent.
Giant mining firm BHP Billiton Ltd (ASX: BHP) confirmed on Friday reports that the company is set to move financial services staff from its Adelaide office to either offshore locations in Asian cities or Perth and Brisbane stations in order to achieve smoother business relations with its Asian operations.
Australian food and retail franchise owner and operator Allied Brands (ASX: ABQ) has lowered profit guidance for the second time in six weeks due to larger write-downs.
Many of National Australia Bank's customers have been slapped with bigger monthly payments after one of the nation's major financial institutions incorrectly computed repayments for some variable and tracker-style mortgages.
A brief look at important company events and economic data releases next week.
In a case of deja vu for Australians, the US Democrats have decided to shelve their ETS plans ahead of the mid-term elections given lack of Republican support.
Sydney-based David Jones Ltd (ASX: DJS) announced today that it is ending its collaboration with Saatchi & Saatchi as the high-end retailer’s advertising partner for 14 years, taking in M&C Saatchi as the company’s new promotional agent for the next three years.
Chief executive Andrew Penn of Australasian wealth manager Axa Asia Pacific Holdings (ASX: AXA) has put on a bold front amid his company's weak results.
The AUD has opened up over USD0.8900 this morning after a surprisingly strong night offshore last night.
U.S. stocks climbed broadly Thursday following strong earnings from Caterpillar, 3M and United Parcel Service, while better than expected data on U.S. existing home sales and euro zone economic activity also provided a boost.
US jobless claims rose by 19,000 in the latest week to 464,000, above expectations for a result near 445,000.
Australia's economy will deteriorate and inflation rise if the admission of skilled migrants is not maintained at least at its current level, according to some of the nation's most prominent business figures.
Riding on the heels of much better passenger traffic this year, Sydney Airport said on Friday that its terminal operations garnered a double-digit spike in earnings for the first half of calendar 2010, which about 12.9 percent higher from the previous corresponding period last year.
Another bad day for Woolworths' shares yesterday.While the market was mixed in reaction to poor leads from offshore, Woo...
Analysts have downgraded production forecasts, following global miner BHP Billiton's (ASX: BHP) fear that the Gulf of Mexico disaster will destroy the petrol growth prospects this year.
Federal Reserve Chairman, Ben Bernanke, has had an unusual economic lexicon in the past year or so.In early 2009 he gave...
After looking vulnerable to more downside in Asia yesterday the Aussie dollar found intraday support at 0.8735 going on to reverse its trajectory and rally during the European time-zone to retest what had been strong resistance around 0.8750.
As the merger with Lihir Gold inches closer, Newcrest Mining yesterday reported a solid end to the 2010 financial year a...
With the federal election now set for August 21 the AMP's chief economist, Dr Shane Oliver says it is natural to wonder ...
The earnings season yo-yo shot up last night and even economic data surprised. Dow up 201. (Locked for subscribers until 10:00 AEST)
The Australian currency opened nearly two US cents stronger, bolstered by positive investor sentiment following comments from the central bank and the US Federal Reserve earlier in the week.
