Self-employment is fast-emerging as a more popular alternative for Australian workers at this time as the new list of the country’s top employers also yielded a trend which shows that seven out of 10 workers would not think twice in ditching their current employment for a new placement.
The Australian share market is trading slightly lower after a mixed session in Wall Street.
New financial aggregates data from the Reserve Bank of Australia show that credit demand remains soft.
Australia's largest investment bank, Macquarie Group Ltd. will pursue further expansion in spite higher staff costs that slashed down first-half profits generated from its core equities trading and commodities businesses.
Private sector home building is set to slump following a large reduction in new home sales over recent months, a survey of Australia's major residential builders, shows.
Integrated forestry company Gunns Ltd (ASX: GNS) today downgraded its full-year earnings guidance.
Ten Network is yet to issue a statement on reports on the resignation of its chairman Nick Falloon following James Packer's joining the company.
The AUD appears to have recovered fromthe steep sell off it suffered after the release of the weaker than expected CPI data earlier in the week.
U.S. stocks fell Thursday despite a large drop in weekly jobless claims as investors moved cautiously before the Federal Reserve's key meeting next week.
During Thursday''s local session the Aussie recovered from a three-week low beneath US97 cents but was still feeling the effects of the relatively benign inflation data released mid-week.
US jobless claims fell by 21,000 to 434,000 - a three month low.
The Australian share market has ended the day firmly higher with another strong result from one of the major banks and resurgent miners helping to buoy the market.
The Australian sharemarket pulled back slightly throughout the afternoon however still finished stronger for the second time this week.
International fast-fashion brand Zara is among stores anticipated to arrive as the Westfield Group opened the first stage of the $1.2 billion Westfield Sydney development today with 130 fashion and food specialty stores.
Despite its insistence of continuing to dump mine processing wastes into the sea, Newcrest Mining Ltd said on Thursday that it has a solid environmental track record even if its recent acquisition of Lihir Gold puts that record into serious scrutiny.
Banks today rejected claims made by politicians and others that they are making record profits due to reduced competition. As the reporting season gets underway, National Australia Bank reported a $4.22 billion profit while Australia & New Zealand Banking Group announced that profits soared to 69 percent.
The prospect of a lift on interest rates seemed to have failed in eroding consumer confidence for now yet an alarming number of Australians were now enmeshed in debt related problems that make it harder for them to meet collections dues.
Australian telco Telstra will be laying off almost 1, 000 of its employees, as it pursues a simpler business model.
Lachlan Murdoch is reported to be seeking half of James Packer's new stake in Network Ten (ASX: TEN.AU).
The New Zealand dollar bounced from lows on Thursday, benefiting from a broadly softer greenback and after a widely expected decision by the Reserve Bank of NZ to hold rates unchanged and keep a tightening bias.
Telecommunications firm Telstra has announced that it will cut down 950 jobs across the country.
Australian investment bank Macquarie Group Ltd. is now under pressure to slash down its workforce to cope with the lower trading and merger fees.
Setting the stage for a new shopping standard in Sydney, Westfield Group unveiled on Thursday its $1.2 billion freshly-renovated commercial complex in the city’s central business district, with the property developer announcing that the bar has been raised for the next level of shopping experience.
The Australian sharemarket is currently gaining for only the second time this week with the All Ordinaries index (XAO) up 42.3pts or 0.9pct to 4762.8. All sectors are in the black with the financial sector leading the way.
A new policy recommendation report released by the Asian Development Bank Institute (ADBI) for the Asian Policy Forum urges Asian policymakers to take a collective approach to secure balanced and sustainable growth.
Sydney's main shopping street Pitt Street Mall opens today after two years of construction.
Australia & New Zealand Banking Group Ltd. has reported that profits soared to 69 percent as a number of its nonperforming loans dropped significantly.
Australian Prime Minister Julia Gillard met with BHP chief executive Mr. Marius Kloppers on Wednesday in an effort to save the agreement signed with the mining industry now on the brink of collapse.
Basing on trend recorded for the past five years, all manufactured food and grocery items being sold in Australia may soon be sourced from abroad and push local processors and manufacturers out of business if such developments were not reversed.
Following National Australia Bank's (ASX: NAB) $4.22 billion profit announcement yesterday, the Finance Sector Union on Thursday called on banks to share their profits with those that provided it - the Australian community.
