BUSINESS

Shanghai-based Bright Food is on its way to signing a contract with Australian conglomerate CSR over the sale of the latter's Sucrogen. Reports suggested a settlement could be reached as soon as today.

Australian mining group Macarthur Coal has urged the new Prime Minister Julia Gillard to water down and take out the revenue from the proposed resources super profit tax .

Downer EDI’s Board has announced its appointment of a new Deputy Chairman in the person of Mike Harding today, starting July 1, 2010. Currently, Mr. Harding is non-executive director of Santos Ltd. and chairman of Clough Ltd. He had also held various administrative positions with British Petroleum. Since July 2008, Downer has had him as Director.

The Queensland Resources Council has temporarily put a stop to campaign ads for opposing the Federal Government's planned super profits mining tax and it will try to negotiate with the new Prime Minister Julia Gilliard.

The latest Westpac-Australian Chamber of Commerce and Industry (ACCI) survey of industrial trends showed that business conditions saw a decline in the June quarter, with the series of interest rates hikes and doubts over the European debt crisis hounding the domestic economic outlook.

Kim Wong, Managing Director of WinTech Group, has accepted court orders that prevent him from leaving Australia until late September.

The Greens have accused Forestry Tasmania for planning to operate a wood chipping project.

BTIG market strategist Mike O'Rourke explains what needs to happen in the US to start creating more jobs and bring unemployment down.

Peabody Energy, denied in a bid for acquisition in Australia recently, is still interested in expanding their holdings in the area in order to answer demands in the region and is also working at striking a deal with the Mongolian government, said Gregory Boyce, CEO of Peabody today.

More than $65 million in client accounts are now being frozen after derivatives group Sonray Capital Markets collapsed on Tuesday due to insufficient funds and a derivatives position that took a wrong turn.

Gold prices rose to $1,250 an ounce on Thursday as market jitters over sovereign credit risk and equity markets urged investors to park their funds into safer domain.

Riversdale Mining has entered a $1 billion-plus contract with a Chinese state-owned steel maker to set up a second coking coal mine in Mozambique, in hopes to become the world's biggest producer.

The Queensland government has approved a multi-billion dollar Curtis Island LNG (liquefied natural gas) project near Gladstone.

Macquarie Group shares were hammered yesterday after it revealed that the increased volatility in financial markets sin...

Macquarie Group shares were hammered yesterday after it revealed that the increased volatility in financial markets sin...

Another hint that Japan's strong export driven recovery may be losing steam, and with it, the surging growth in Australi...

The Federal Government would be expected to receive millions of dollars from an auction of wireless broadband spectrum in late 2012.

The New Zealand economy grew for a 4th straight quarter in the three months to March, thanks mostly to the strength of...

US Congressional leaders (mostly Democrats from the Senate and the House of Representatives) are working towards complet...

Rising oil supplies will mostly offset higher demand expected over the next five years, the International Energy Agency ...

In what seems like a delayed reaction, Wall Street took a tumble last night as fears of a fresh global slowdown grew. Dow down 145.

British-based BG Group has won the Queensland government environmental approvals for a liquid natural gas plant at Gladstone.

Alcatel-Lucent has been granted a profitable contract to provide critical fibre optic equipment for the $43 billion national broadband network.

Mining stocks improved amid hopes that new Prime Minister Julia Gillard will have a more favourable tax regime than the proposed resource super-profits tax.

The Asia-Pacific region will witness some of the biggest percentage increases in obese and overweight children in the world, finds Datamonitor.Research by the independent market analyst has found that in China, for example, although 15.9% of children aged between 5 and 13 are currently obese or over...

Dr Roger Campbell, CEO of Australia's Pork Cooperative Research Centre (CRC), is increasingly convinced that fresh Australian pork has a range of largely untapped health and nutrition attributes."There's just something about pork," he said, after welcoming almost 500 people to the 2010 Pan Pacific P...

Online trading service provider GFT sent prized asset Kathy Lien into a meeting with journalists this week to update Australian investors on financial matters.

The apex court in America, The Supreme Court of the United States has ruled in favour of Australian banking Major, National Australia Bank, and said the foreign investors could not continue with their lawsuit in that country, which seeks to obtain damages from NAB over the Homeside case.

The Australia 200 CFD Index closed 0.1 lower at 4479.7, with gains among material names offset by late weakness among financials.