BUSINESS

AGL Energy Ltd has gone on the takeover trail with a surprise play for small oil and gas explorer Mosaic Oil NL.AGL sai...

The Australian government and the miners and energy companies have reached an agreement on a new tax regime.

Wall Street staged a mid-session turnaround from its depths last night as a successful Spanish bond auction sparked short-covering and a big sell-off in gold. Dow down 41.

The Queensland government is seeking a new contract with Chinese aluminium producer Chalco, but may exclude a bauxite mine, which was part of the original deal.

Metal producers welcomed the possibility that they may be exempted from the Gillard government's modified resource super-profits tax, arguing that they deserved to be treated differently to bulk commodities coal and iron ore.

Australian Prime Minister Julia Gillard will hold a news conference in Canberra early Friday to announce a deal between the government and big miners has been struck, ending a dispute that removed her predecessor from office.

A recent GfK Roper "Gut Check" survey*, sponsored by Align, showed some common misconceptions about the digestive system. The U.S. national online survey was conducted to find out how people feel about their digestive system and what actions they take to keep it functioning normally.Survey results a...

For the first time in the Royal Queensland Wine Show's 133year history a trophy for the best gold medal winning Queensland wine made and produced in Queensland by a Queensland winery has been awarded to Ballandean Estate Wines Gen 3 Shiraz 2007 at the 2010 Royal Queensland Wine & Food Show Award...

FNArena editor Rudi Filapek-Vandyck was one of three guests in BoardRoomRadio's Friday Roundtable discussion.

Australian banking major CBA will have a class action law suit filed against it by investors who lost their money during the collapse of Storm Financial.The class action law suit will be filed today on behalf of former Storm investors who are not satisfied with the already agreed compensation deal. ...

Australian lenders have begun the process of securitising their asset backed debt into US dollar denominated securities, which may have the impact of boosting competition in the market for mortgage lending.Over the last week Macquarie Group and Members Equity have both begun selling US dollar denomi...

The Australia 200 CFD Index finished 1.5% lower at 4237.5, with financial and energy names detracting most of the points.

North Queensland Metals Ltd (NQM) says its belief that Conquest Mining Ltd's recent acquisition offer was insufficient has been validated by new mining producing heavy gold results.

John Borghetti, the new boss of Virgin Blue, has moved to take matters to his hands in trying to shift around the fate of its loss-making subsidiary, V Australia.

An enormous Papua New Guinea gas project can potentially put the impoverished nation on the path to economic sustainability, according to Australian Trade Minister Stephen Smith.

With reports that the government and three major mining companies are in the brink of reaching a compromise deal on the major provisions of the resource super profits tax, mining stocks started their recoveries following an early slump on market’s opening.

The government of Queensland has announced that it intends to push ahead with QR National’s public float despite coal companies’ offers to purchase the coal rail network.

Toro Energy Ltd said on Thursday that it is presently negotiating with potential buyers from Japan and the United States to purchase uranium ore from its planned Wiluna project in Western Australia, which is projected to commence deliveries by 2013.

Greens leader Bob Brown warned today that any agreement on the RSPT reached behind closed doors could be amended in the Senate.

River Murray irrigators in South Australia will start the new fiscal year with an opening allocation for irrigation at 21 per cent today.

New data published on Thursday suggested that consumer confidence is on the decline as shoppers were confined to simply roaming through the shops seemingly wary of spending due to rising cash rates.

Fortescue Metals intends to appeal Australian Competition Tribunal’s decision not to oblige Rio Tinto and BHP Billiton to open up their primary Western Australia rail lines to third party mining groups.

The Gillard government has cautioned it may have to forego company tax cuts and higher superannuation contributions to counterbalance any loss of revenue from a potential agreement with the mining sector over the troublesome RSPT.

Retail trade climbed by a moderate 0.2 per cent in May to $20.16 billion, coinciding with the last of six interest rate increases by the Reserve Bank of Australia since October, according to Australian Bureau of Statistics data released today.

Grocery and liquor wholesaler Metcash is acquiring Franklins supermarket chain for $215 million, increasing 85 branches in New South Wales.

Online travel specialist Webjet Ltd said on Thursday that the company recorded a 29 percent increase on the value of all tickets sold in 2009/10 and total turnover values reached $501 million for the 12 months leading to June 30 2010.

A glance through the latest expert views and predictions about commodities, with an assessment of how Chinese economic growth impacts on steel markets and reviews of the coal and energy sectors.

Metcash Ltd said on Thursday that it has reached an agreement with Pick n Pay Retailers Ltd to takeover the Franklins supermarket outlets for about $215 million.

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.