Andrew Forrest's Fortescue Metals Group stands the Gillard government's proposed minerals resources rent tax (MRRT) should not proceed in its current shape.
The Australian sharemarket is gaining for the 2nd day this week with the All Ordinaries index (XAO) flat at lunch.
Due to large amounts of rainfall this May, farmers of New South Wales are expecting some record-breaking harvest amounts for this winter, the NSW government has said.
A sluggish morning trading affected Australia's stock market S&P/ASX 200 Index as it declined 0.3 percent to 4,397.50 as of 12:48 p.m. in Sydney. New Zealand's NZX 50 Index shed off 0.3 percent to 3,004.56 in Wellington.
Australia’s Ceramic Fuel Cells Ltd has been given an innovation award on Monday for its work on developing energy-efficient electricity generation units, as handed out by the NRW.INVEST in Germany.
Robust sales and encouraging profits resulted to better business conditions in the month of June as companies gained steadier outlook in the same month, that according to the latest survey of the National Australia Bank (NAB) released on Wednesday.
The inability of the spot uranium price to break out of the doldrums (down again this week) has led to broker target price cuts for Australian miners.
Minara Resources has reported its share of nickel produced at the Murrin Murrin mine in Western Australia slumped 15 per cent both on quarter and from the previous year.
National Australia Bank's Monthly Business Survey for June showed business oconfidence levels were steady as conditions improved slightly.
Mineral sands explorer Iluka Resources Ltd said on Tuesday that the company’s expected rutile production output from its Murray Basin Stage 2 project in Victoria would be a bit lower as compared to the announced forecast made in February.
Australian companies are set to deal with higher finance rates as the major banks reprice business loans.
Giant aluminium firm Alcoa reported on Monday that its second quarter net income peaked to $155 million, far exceeding the company’s previously announced earnings guidance and improving from the quarterly loss it suffered from the previous year.
National Australia Bank may pump up to 387 million pounds ($A664.79 million) more into its British arm Clydesdale amid increasing pressures from UK regulators to aid local units .
Heavy equipment specialist Emeco Holdings Ltd said on Tuesday that the company’s annual net profit should reach the lower rung of earnings guidance previously announced, effectively matching its targeted range of $40 million to $41 million and only $3 million shy from the maximum $44 million earlier set.
Queensland premier Anna Bligh has confirmed industry talk the state government has been encouraging proponents to combine projects.
The recently established Dagong credit rating agency has made its first sovereign assessments, rating US bonds AA, Britain's AA- and Australia's AAA.
US Federal Reserve chairman, Ben Bernanke, has indicated that improving small business access to finance is a key factor needed to support economic recovery.
U.S. stocks edged up Monday, led by technology stocks, including Microsoft and SanDisk, following ratings upgrades from analysts, although jitters over second quarter earnings reports and disappointing import data from China weighed on Alcoa and other materials stocks.
Canadian Ivanhoe Mines insists its shareholder rights plan does not violate any of British-Australian Rio Tinto's existing contractual rights.
Australia's dollar fell from its highest level in almost three weeks to an intraday low near 87 cents on the back of a drop in imports of iron ore and copper by China, the nation's biggest trading partner.
Alcoa's after-the-bell result beat expectations and that's all that matters. Wall Street went nowhere all session as it waited. Dow up 18.
On Wall St, US markets rose for a fifth straight session as analysts upgrades of technology stocks bolstered optimism ahead of the Q2 earnings season.
Australia's major banks are feeling the squeeze of rising funding costs but refuse to increase mortgage rates until after the federal election.
DuluxGroup Limited has performed solidly on its own in its ASX (Australian Securities Exchange) debut on Monday.
The Australian dollar opened higher today, strengthened by a positive close on Wall Street.
The total value of charge and credit card transactions, plus advances, posted at $19.631 billion last May, according to figures released by the RBA (Reserve Bank of Australia) on Monday.
Victorian Premier John Brumby today cut the ribbon on Unibic's new $44 million biscuit and cake facility, which will produce Unibic's whole range, including the new Harvest Kitchen Soft Centre biscuits.The new purpose-built facility is capable of producing 4.5 tonnes of goods per hour, and includes ...
New findings indicate that cocoa flavanols, the bitter antioxidants in cocoa beans, may be an important part of a healthy diet for people with cardiovascular disease, according to research by a team of researchers, including scientists from Mars.The study examined cells called CACs, circulating angi...
National Farmers' Federation President David Crombie today warned that food scarcity is a reality that all Australians will need to face.“Australians need to brace for a future of higher prices for life’s essentials. It’s an inevitable consequence of more mouths to feed and less food to go aro...
One of the largest global managers of fixed income securities, Pimco, says that Australia now offers the most investment opportunities in the developed world.During one of its regular updates to the global bond markets, David Fisher who runs global product management for Pimco also said there was a ...
