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.
More than 200 experienced dairy workers will get laid off after National Foods announced that it would shut down its western Sydney plant.
While the Australian share market recovered slightly by noon, it was still distinctly lower, with massive losses in various sectors.
The Housing Industry Association (HIA) said on Wednesday that new home sales fell to a three-month low in May thanks to the ever-increasing interest rates which further doused cold water on an already struggling fresh housing demand recovery.
Declaring that negotiations with the mining industry members are "good," Australian Prime Minister Julia Gillard will likely unveil a compromise with the sector on its planned tax measures.
Telstra Corporation Ltd, the Australian telecoms giant, has defended its intentions of offering exclusive content via Foxtel, provider of pay television, asserting that the deal was done at “arm’s length” and rejecting claims of non-competition reported by Fairfax.
Multinational mining and resources group Rio Tinto will exercise warrants to acquire shares of Ivanhoe Mines, expanding its interest to 30 per cent for about $US393 million.
FNArena has the pleasure to welcome senior resources analyst Gavin Wendt as contributor to our news and analysis service.
Northern Star Resources has signed a new deal with Intrepid Mines for Paulsens Gold Mine after renegotiating the offer to $40 million, an increase of $13 million.
Waning hopes on the potential power of continued international growth pushed down commodities today, with copper suffering the hardest hit.
Australian Prime Minister Julia Gillard will make an announcement on July 2 regarding a possible election in August, the Australian Broadcasting Corp. cited on its website.
Joining a string of Australian companies to suffer in Britain, Tatts Group is finally conceding a huge write-down of its Talarius poker machine business.
Low leading indicator and confidence readings in China and the US broke the dam of building disquiet last night sending risk assets tumbling. Dow down 268.
More signs yesterday that Japan's economy is not growing as strongly as previously thought.A day after figures showed re...
More signs yesterday that Japan's economy is not growing as strongly as previously thought.A day after figures showed re...
A tale of two companies on the nose, it seems with the market: Downer EDI and Macquarie Group.Both were sold off yesterd...
Shares in Brisbane-based mining testing group, Campbell Brothers, jumped sharply yesterday after the group revealed a so...
Gambling group, Tatts Group Ltd, has revealed $165 million in write-downs and impairment charges on assets in Britain a...
Four days after going public with an attack on plans to split the business, GPG's executive director in New Zealand, Ton...
A slight correction in the world financial markets may improve today’s value of the Australian and New Zealand dollars and break off from the sluggish trading now lasting for three weeks.
Guinness Peat Group's Tony Gibbs has no regrets over a statement opposing the company's demerger plan that cost his job.
Parliamentary Secretary for Health Mark Butler today announced the phase out by major retailers of baby bottles containing Bisphenol A (BPA).The voluntary phase out by the Wesfarmers group (Coles, K Mart and Target), and retailers Woolworths, Big W and Aldi is the result of months of constructive di...
SABMiller, one of the world's leading brewers, is providing an education for children of sugar cane workers in Honduras.Cerveceria Hondurena, SABMiller's Honduran subsidiary, set up the ‘Azunosa' school with the aim of trying to ensure that the sugarcane fields which supply its soft drinks operati...
In the view of Barclays Capital there are factors that could be positive for the natural gas market but none are likely or enough on their own to push prices significantly higher.
The Australian Stock Exchange, which with ASIC acts as a corporate regulator says it intends to monitor portfolio and mutual fund managers closely, as it seeks to stamp out the practice of window dressing.
RBS evaluates stocks impacted by changing dividend rules while JP Morgan weighs up the RSPT against the PRRT and Morgan Stanley warns of lower earnings for retail banking.
The Australia 200 CFD Index was 0.9% lower today at 4345, with energy, industrial, material and financial names detracting most of the points.
Allied Gold of Australia has been granted a $US35 million or $A40 million loan by the World Bank to finance the redevelopment of the Gold Ridge Mine in Solomon Islands, which was abandoned following a violent ethnic fighting 10 years ago.
Amidst global incidence of safety recalls, Toyota, the world’s biggest automaker, said on Monday that its worldwide sales jumped by 13.4 percent year-on-year in May following upswings in motor vehicle demand which further pushed the much-awaited recovery of the Japanese auto industry.
Campbell Brothers Ltd said on Tuesday that it is positively en route to post a high half-year underlying net profit of $63 million, owing to much better trading conditions and strong outputs contributed by acquired Pearlstreet and Ecowise.
