The Commonwealth Bank of Australia (ASX:CBA), the country's biggest lender, stands to make an astonishing $1 billion in extra annual interest revenue by lifting its home loan margins over the last two years, according to data crunched by banking comparison website Mozo.com.au.
The Westfield Group has announced that a retail trust would separately be created and listed to raise A$3.5 billion in capital.
Australia's services industry lifted in October for the first time in six months as measures of sales, new orders and wages advanced, a private survey revealed.
Westpac Banking Corp.'s second-half earnings hit a high of $3.47 billion ($3.47 billion) in the six months ending Sept. 30, as against the $1.27 billion a year earlier.
HP revealed its Instant-On Enterprise vision for Australian business and government through the provision of integrated solutions which help enterprise adapt new ways to best serve their customers and citizens.
The Australian Dollar reached a post float 28- year high overnight, pushing above parity with the US dollar for the second time in a month.
The Australian Dollar hit parity against the greenback overnight surging briefly to a high around the 1.0020 area.
U.S. stocks rose broadly Tuesday as investors awaited the results of U.S. midterm elections seen ushering in more Republicans and a two day Federal Reserve meeting expected to yield more economic stimulus.
The US residential rental vacancy rate eased from 10.6pct to 10.3pct in the September quarter.
The Reserve Bank has raised its key interest rates by 25 basis points to 4.75 percent from 4.5 percent to contain further economic expansion in the near term.
Airport Link project glitches prompted Leighton Holdings Ltd to report an $85 million profit downgrade as the giant construction firm also cited that the rising Australian dollar and issues on its Western Australia rail contract added to its woes.
Stronger bank stocks led the Australian share market higher after the central bank defied expectations by lifting interest rates.
The Australian share market ended flat today as investors digested a shock interest rate hike from the Reserve Bank and awaited key US elections and the start of the two day Federal Reserve meeting.
Macquarie Group dismissed allegations that a leasing arm of the financial firm actively took part on the questionable telecommunication equipment rentals deals offered to unsuspecting small business owners by 28 telco companies in 2008.
While fresh traffic data on southeast Queensland showed that travel time movement barely surged from the past three years, the state government is convinced that the latest figures represented growing demands from the area’s burgeoning population.
Network Ten (TEN.AU), has announced that it would restructure the composition of its Board of Directors as concerns of competitive disruptions arose recently with the entrance of James Packer and possible co-investor Mr. Lachlan Murdoch into the company.
Global consumers, mainly car aficionados in the United States, will have to bear a year of waiting before they could get their hands on the electrically-powered Nissan Leaf as all units so far shipped out were sold out as of this week.
The billion-dollar Queensland LNG projects would further boost job prospects in the state but would also push up the value of real estates that could leave first home buyers reaching deeper on their pockets.
Microsoft reiterated that it will not be giving political contributions to "527 Groups" as doing so is opposed to the company's political principles.
Sydney Airport operator MAp Group has reported a 7 percent increase in earnings for the year attributing to passenger traffic, which also rose 19.5 percent.
The Australian stock market is gathering mixed leads in today's trading day as the last-minute decline in the Wall Street trading will have some influence, but analysts are more optimistic.
Analysts are projecting that the Curtis Island liquefied natural gas (LNG) project in Queensland by the British Gas Group could exceed the previously headlined cost of $US15 billion and even surpassed that of Santos’ Gladstone cost estimates of close to $US19 billion.
The AUD has opened slightly lower this morning, after rallying towards USD0.9900 overnight.
U.S. stocks slipped in late trading Monday as jitters ahead of U.S. midterm elections and expected moves from the Federal Reserve prompted traders to duck out of a market whose long climb is now raising some eyebrows.
Speculation on Monday the Bank of Japan intervened in currency markets sent the Aussie down to an intraday low of 0.9810 as the greenback strengthened against the Yen.
The US ISM manufacturing index hit a five-month high in October, rising from 54.4 to 56.9.
Kate Vale, Google Australia's Youtube chief and Lars Rasmussen, Google Wave's co-founder, will both be leaving their posts within the Internet company.
Stronger bank and mining stocks saw Australian shares post surprising gains on Monday ahead of Tuesday's interest rate decision and a crucial mid-week meeting of the US Federal Reserve.
Australia's house prices recorded their smallest quarterly rise since early 2009, reinforcing speculations the Reserve Bank of Australia will keep interest rates on hold this week.
Australian stocks have started the trading week on a high, after the Dow Jones Index posted its best October in four years.
