Fortescue Metals is planning to appeal a ruling by the Australian Competition Tribunal not to force BHP Billiton and Rio Tinto to share their two main railroads to Port Hedland - Mount Newman and Hamersley to other miners.
AGL Energy Ltd intends to buy out Mosaic Oil NL, a gas and oil exploration company.
Leighton Holdings has cut deals in India worth $US550 million ($653.5 million). The construction and contract mining group disclosed it had been awarded two infrastructure projects: the Chenani-Nashri road tunnel in Jammu, northern India and the Vizag Port expansion.
Chalco, a Chinese owned mining firm, has put its plans to develop a Cape York bauxite mine worth $3 billion on hold.
Leighton Holdings Ltd said on Thursday that it has been awarded two infrastructure projects in India worth $US550 million or $A653.5 million, with the construction work on Chenani-Nashri road tunnel alone being valued at $US500 million.
At the start of today's session, a sluggish trading is still the general sentiment as there is not enough good news that could perk up the appetite of investors.
The thought of more money on their pockets are expected to welcome Aussie workers today as the tax cuts come into effect with the Tax Office declaring that starting this financial year, even same-sex couples would be able to enjoy the same tax concessions provided to married and de-facto heterosexual unions.
Wall Street held steady all session until 3pm when a massive programmed sell order ensured a technical break-down. Dow down 96.
The June quarter has made a complete mess of market returns here and offshore.The three months ended yesterday saw the l...
The June quarter has made a complete mess of market returns here and offshore.The three months ended yesterday saw the l...
Mixed news on the housing front yesterday with Reserve Bank figures showing lending for May was solid, but new home sal...
Rio Tinto has moved to cement its control of Ivanhoe Mines of Canada and the huge Oyu Tolgoi copper and gold project in ...
Mining service provider, Ausenco Ltd, says it will take a $6.8 million after-tax, non-cash impairment charge in its ha...
Australian mining firm Indophil Resources NL has committed to continue developing its Tampakan copper-gold project in the Philippines.
The Australian Competition Tribunal on Wednesday ordered BHP Billiton and Rio Tinto, the second- and third-largest iron ore exporters, to share their multibillion-dollar infrastructure in the Pilbara to others.
Discount supermarket chain Franklins has been acquired by its wholesale supplier, Metcash Trading Ltd, in an unsolicited $215 million offer to its current owner, South African chain Pick n Pay.The sale, pending approval from the ACCC, will also bring to an end all current litigation between the two ...
The Federal Government has given the green light to apple imports from China today, following a recommendation by Biosecurity Australia.Fears of infestation by the spotted-wing fruit fly, Drosophila suzukii, a pest present in China and indigenous to south-east Asia, have caused concern among Austral...
Nestlé announced yesterday that it will invest CHF 40 million (A$44.6 million) in the Democratic Republic of the Congo, also known as the DRC, over the next three years.The Democratic Republic of the Congo remains one of the world's most unstable nations. The mineral-rich country was the centre of ...
A snapshot of economist responses to today's as expected Australian retail sales and weaker than expected building approvals data for May.
There simply is no two ways about it: China's economy is slowing down.
As many as 200 employees of Australian banking major Westpac could stand to benefit from a plan which proposes to pay super on unpaid parental leave to the lenders permanent staff.The first such measure to be adopted by an Australian bank would affect all group companies of Westpac, which include St...
Volatile global financial markets that plunged in the aftermath of the European sovereign default crisis have consumed the highly anticipated bounce in super fund returns.The drop in financial markets is likely to result in investment earnings falling below double digits for the financial year, endi...
With renewed worries about the Chinese economy, here's some news that will add to those concerns,Around 10% of China's a...
The Australia 200 CFD Index finished 1% lower at 4301.5, with material and industrial names detracting most of the points
STW Communication Group Ltd reaffirmed on Wednesday its guidance of double-digit net profit growth for 2010 as it expressed confidence that the company remains on track to deliver much solid performance for the half year leading to June 30.
Australia’s business credit experienced an annualised expansion rate of 1.2 percent over the quarter to May.
The Australian dollar advanced after news that bank lending strengthened in April and May. The Aussie dollar was at 85.21 U.S. cents as of 2:28 p.m. in Sydney, from 84.87 cents yesterday.
While the Australian share market remained in the red territory by early afternoon, it was off its lows as several investors tentatively sought bargains.
Downer EDI has rejected all claims that it is fidgeting with its operational funds to lift its end-of-year accounts.
Perth-based Macmahon Holdings announced today that as an alliance consortium member, it has been awarded a $50 million share of a $112 million rail contract extension by the New South Wales Government.
