Citing unattractive demand currently prevailing on the service route, Tiger Airways has decided to suspend its flights between Darwin and Melbourne for two months though it made clear that no complete pull out for the airline is in the offing.
Australia's largest automotive retailer Automotive Holdings Group Ltd (ASX:AHE) has confirmed it is in discussions with several firms to acquire car dealerships although an agreement is yet to be reached.
Airport owner and operator MAp Group (ASX: MAP), formerly Macquarie Airports, today announced a lift in total passenger traffic at all airports in October.
Giant telco firm Telstra Corporation Ltd is banking on an expected surge in customer numbers is fiscal 2011, reaffirming that the company’s previously set financial guidance is within reach despite projections that earnings could suffer a bit in the current financial year.
Virgin Blue scored a goal as the official airline of the Australian Football League (AFL) after the latter dumped Qantas on an $8 million-a-year contract.
As Rolls Royce revealed that some 40 Trent 900 engines would require replacement on airlines using A380s across the globe, Qantas Airways gave indications that the national carrier would need to replace up to 14 engines currently employed by its entire A380 fleet, which remain grounded at this time.
The Westfield Group (ASX:WDC), Australia's largest shopping mall landlord, has taken the e-commerce plunge with the launch of Westfield.com.au - an online mall for Aussie consumers.
Tasmanian gold miner BCD Resources hurdled another scare this week and escaped fresh threats of receivership as it secured a $10 million loan at the last minute which should keep its Beaconsfield mine site operating, its 200 employees working and its major lender grinning, for now.
Australia's private pension funds First State Super and Health Super today announced an in-principle intention to merge, in a deal that could spark more consolidation as funds in world's fourth-largest wealth management market aim to cut costs.
Australia is poised to witness a wind fall of up to $132.9 billion as of the month of October, which mainly would come in the form of capital expenditures for lined up projects in the energy and minerals industry.
Amid ongoing debate on stricter policies, Commonwealth Bank of Australia (ASX: CBA) chief executive Ralph Norris today warned politicians that over-regulation of the banking sector could hinder competition.
Luxury retailer David Jones Ltd barely saw sales growth during the initial quarter of the current financial year yet the company maintained its upbeat forecast of up to 10 percent profit growth for the rest of fiscal 2011.
Global mining giant BHP Billiton Ltd may soon be opening up its port and rail network as it confirmed on Thursday that a rail haulage cooperation and port access agreement with junior miner Atlas Iron Ltd in the Pilbara region of Western Australia is being discussed and could be finalised very soon.
All of AXA Asia Pacific's (AXA.AX) independent directors have now backed AMP's $13.3 billion takeover bid from parent AXA SA (AXAF.PA) and AMP (AMP.AX).
Queensland-based Macarthur Coal Limited (ASX:MCM) has seen profits tripling in fiscal 2011 as the higher demand for steel-grade coal grows and supply situation tightens further.
Safety is paramount concern for giant mining firm BHP Billiton Ltd and more so in ensuring that people working on the company’s project sites are kept from being harmed.
Bankers today contested media reports that Australian lenders have increased their margins.
Giant telecommunication service provider Telstra Corporation has appointed emerging advertising agency DDB Group to handle the telco’s new brand campaign that it hopes would improve the company’s connections top its subscribers.
Another Qantas Airways’ international flight was forced to turn back minutes after its take off but inherent engine trouble nor electricity issue were neither the cause this time.
The typical CEO is taking home almost 100 times that of the average worker, a new analysis of remuneration at Australia's 50 largest companies reveals.
Mobile phone service provider Vodafone Hutchison Australia is tossing off unlimited calls offering to Australian subscribers in its attempt to chip away a sizeable portion of the fixed-line market currently dominated by Telstra Corporation and Optus.
The planned asset sale of New South Wales of its electric power assets will easily fetch some A$8 billion in investments for the state, the Citigroup Inc. said in a report.
A jostle for stability and sustainable growth had been the direction of Australian businesses whether big or small in the last nine months, two separate research surveys conducted by the Westpac Banking Corp. and the National Australia Bank had shown.
Next year’s initial growth figures could give out strong indicators for the Australian economy yet the numbers could prove a bit anaemic from earlier projections.
Ausenco Limited (ASX: AAX), an Australia-based engineering and project management group, today confirmed that it had returned to growth in the second half of 2010.
After succeeding setbacks on planned merger and acquisition deals, BHP Billiton Ltd had conceded that absorbing such defeats were wholly difficult for the giant resources firm, which is also regarded as the world’s largest mining operator.
Bankers said today's minutes from the Reserve Bank Board's Monetary Policy meeting confirm that the cost of banks' funding has increased beyond the official cash rate.
Australia and New Zealand Banking Group Ltd (ASX: ANZ) said Tuesday it is continuing to conduct due diligence on a majority stake in Korea Exchange Bank, dismissing media reports that the Melbourne-based lender had lost out to another bidder.
AWB Ltd shareholders voted overwhelmingly on Tuesday to support the $1.24 billion takeover proposal of Canadian firm Agrium Inc for the Australian rural services provider.
A multibillion-dollar takeover bid for AXA Asia Pacific (ASX: AXA) hit a potential hurdle on Tuesday when the Australian company's board failed to meet a key condition of unanimously backing the proposal.
