BUSINESS

A report made by the International Monetary Fund assures that while housing prices in Australia are rising, a collapse is unlikely.

Admin System Dec 16, 2010

Apartment buyers in Melbourne are being warned of a possible apartment property glut as oversupply threatens funding.

Admin System Dec 16, 2010

The world's top explosives maker Orica Ltd (ASX:ORI) has confirmed it expects its profit in fiscal 2011 will rise from a year earlier.

Sharon Olalia Dec 16, 2010

Local stocks are attempting to make it six wins in a row, despite a weak lead from offshore markets.

Admin System Dec 16, 2010

A 1930s Spanish mission-style home located in the Portsea cliff-top in Victoria is set to break records when it is sold for more than US$25 million.

Admin System Dec 16, 2010

Spanish construction company Actividades de Construccion y Servicios (ACS) has raised its takeover bid for Leighton Holdings Ltd's (ASX:LEI) parent Hochtief, a few hours after the German builder recommended that shareholders reject a lower offer.

Sharon Olalia Dec 16, 2010

The Australian Competition and Consumer Commission (ACCC) has given the go-ahead for the proposed trans-Tasman alliance between Air New Zealand (NZE:AIR) and Virgin Blue (ASX:VBA).

Sharon Olalia Dec 16, 2010

The Australian dollar fell back through USD0.9900 overnight on renewed concern over European sovereign debt.

Admin System Dec 16, 2010

Australian consumer are more upbeat leading into the holiday season with consumer confidence improving for December growing 0.2% from -5.3% last month.

Admin System Dec 16, 2010

U.S. stocks fell slightly Wednesday, despite improving U.S. economic data, as investors continued to worry about euro-zone finances.

Admin System Dec 16, 2010

US industrial output rose 0.4pct in November - marking its biggest gain since July and ahead of expectations.

Admin System Dec 16, 2010

SITA Environmental Solutions, a joint venture between France-based Suez Environnement and Singapore's Sembcorp Industries, has acquired the NSW government's waste services firm, WSN Environmental Solutions for $235 million.

Sharon Olalia Dec 16, 2010

The Australian stock market closed flat late trade.

Admin System Dec 15, 2010

The Australian bond weakened after US central bank declared that the ongoing economic recovery is not sufficient to hamper increase in unemployment.

Admin System Dec 15, 2010

The ACT government has released the revisions on the Change of Use Charge (CUC) that will apply to the territory set for July 1 next year.

Admin System Dec 15, 2010

Consumers remain confident, but are likely to hold out on spending, the peak body representing Australia's leading retailers says.

Sharon Olalia Dec 15, 2010

Local stocks tracked sideways today, however the marginal gain was enough to make it five wins in a row for the local share market.

Admin System Dec 15, 2010

Demand for office space in Melbourne’s central business district remains robust and may force rents to rise as vacancies drop and supply is limited.

Admin System Dec 15, 2010

Ten Network Holdings Ltd (ASX:TEN) has appointed Grant Blackley as chief executive officer of Ten Holdings effective immediately.

Sharon Olalia Dec 15, 2010

The country’s consumer shopping mood grew steadily in December despite expected declines due to the Reserve Bank of Australia’s (RBA) decision in November to lift its policy rate.

Erik Pineda Dec 15, 2010

More Australians are considering buying homes in the United States as the Australian dollar becomes at par with the U.S. dollar according to real estate executives.

Admin System Dec 15, 2010

Mineral explorer Conquest Mining Ltd (ASX: CQT) has given the formal approval for the development of the Mt Carlton Project in North Queensland following the positive results achieved in the project's optimisation study.

Sharon Olalia Dec 15, 2010

Weak sales and a stronger Australian dollar have led Billabong International Ltd (ASX:BBG) to cut its profit forecasts.

Sharon Olalia Dec 15, 2010

A full bench ruling by the Federal Court affirmed an earlier judicial decision that effectively stripped Telstra Corporation-subsidiary Sensis the right to exclusively own and publish the telco’s telephone directories’ contents.

Erik Pineda Dec 15, 2010

CSR Ltd (ASX:CSR) Australia's biggest sugar milling company, says the Overseas Investment Office (OIO) in New Zealand has given the greenlight for the sale of its sugar division to an overseas buyer.

Sharon Olalia Dec 15, 2010

Shanghai-based, Thakral Corporation, has announced new plans to invest in mid-sized residential developments in Australia and the Asia Pacific region.

Admin System Dec 15, 2010

Local stocks are posting modest gains in early trade, following a strong offshore rally.

Admin System Dec 15, 2010

Australian contracting and property development company Watpac Limited has bagged the contract for the US$353 million construction of high-end ‘One Central Park’ residential and retail buildings located in Sydney.

Admin System Dec 15, 2010

Global miner Rio Tinto Ltd (ASX: RIO) is to invest in its Canadian aluminium smelters to improve production efficiency through modernisation and expansion.

Sharon Olalia Dec 15, 2010