The Australia Post plans to take advantage of the digital mailing craze and in 2011 targets to open an online retail store.
The Australian share market closed lower on Friday on profit-taking following Thursday's rally.
Tourism journalist Simon Anhalt added unsolicited colour on the prospects of Australia’s tourism industry when he labelled the country as the ‘dumb blonde’ in the sector for its attention-grabbing but bland allure.
Global miners BHP Billiton and Rio Tinto have noted with disappointment the statement today by the German Federal Cartel Office (FCO) that its current intention is to prohibit the companies' proposed iron ore production joint venture in Western Australia.
An online poll conducted by Loan Market showed that many Australians were not even aware that there exists a federal program that provides assistance for first time home buyers.
Continued consumer disinterest in traditional shopping periods threatens the recovery of Australia's retail industry.
The Australian Dollar traded to another new high overnight of USD0.9990 before falling victim to some profit taking, with the currency pair back to around USD0.9900 this morning.
Following years and billions of development investments, the new Ford Ranger makes its debut on Friday in a Sydney motor show that Ford Australia said has captured the attention of journalists, dealers and executives alike from across the Asia-Pacific.
US producer prices rose by 0.4pct in September, above expectations for a 0.2pct gain.
The Aussie came within a whisker of parity during overnight trade hitting a high of 0.9993, its highest level against the US Dollar since the currency floated in 1983.
The planned joint venture between the two largest miners in the world reached another setback as BHP Billiton (ASX: BHP) and Rio Tinto (ASX: RIO) received another disappointment with the German Federal Cartel Office (FCO).
US producer prices rose by 0.4pct in September, above expectations for a 0.2pct gain. But the core rate rose just 0.1pct, in line with expectations.
U.S. stocks dropped Thursday, dragged lower by financial shares as investors' concerns ramped higher regarding banks' foreclosure practices.
The Australian banking sector has assured that there will be no changes in the way they do business in areas affected by the implementation of the Murray-Darling Basin project.
The Australian share market closed higher on Thursday as demand for resources and banks lifted the local bourse, while the local currency approached parity with the US dollar.
Local stocks rallied today, buoyed by strength in the Asian region and the Australian dollar.
Global mining giant Rio Tinto Ltd (ASX: RIO) heralded a breakthrough September quarter for its mining operations as the company revealed on Thursday that its resources sites delivered record yields of iron ore, alumina and coking coal in the three months leading to September 30.
Commonwealth Bank has given hints that it may increase interest rates even before the central bank makes its move to jack up cash rates.
The Australian Tax Office (ATO) issued an advisory on Thursday warning the existence of near-perfect counterfeit cheques that currently circulates across the nation, supposedly under the auspices of the tax office and the Reserve Bank of Australia (RBA).
Their 69-days of being trapped in a mining shaft sandwiched by tonnes of rocks and sand 2000 feet below, ended on a triumphant rescue operation on Thursday as all 33 miners ascended one by one riding through an escape capsule.
Across Asia, regional markets are all firmer this afternoon as global confidence continues to improve on expectations the Federal Reserve will pump more money into the ailing US economy.
Bank of Queensland (ASX: BOQ) saw its shares soaring on Thursday following its revelation that the bank’s yearly net earnings surged by five percent on the back of reduced costs and positive outlook for the remaining months of 2010.
Rising mining giant Fortescue Metals Group Ltd (ASX: FMG) reported on Thursday that it saw a seven percent slip on its September quarter iron ore shipments though the quarterly results exceeded previously set projections.
Australian mining firm Indophil Resources NL is most certain that a Philippine-based partner for their world-class mining reserve project is the way to go.
No more holiday tours to meet mortgage payments have become the norm for a great number of Australian homeowners, with about 50 percent more revealing that day-to-day basic requirements were being trimmed to cope with the upward surge of housing interest rates.
Australian consumers are bracing for higher inflation in the year ahead, increasing chances of official interest rate hikes by the central bank to cap prices.
Coal explorer Northern Energy Corporation Ltd (ASX: NEC) is thwarting the $193 million unsolicited takeover bid by New Hope Corporation (ASX: NHC), calling the proposal as inadequate and materially undervaluing the firm.
The falling out between Bendigo Mining Ltd (ASX: BDG) and BCD Resources NL (ASX: BCO) resulted to an expected business split as the former confirmed on Thursday that the planned merger between the two companies has been ditched following the deterioration of a rift that started over a loan default.
he AUD rallied to a fresh post-float high overnight of USD0.9937. It now seems to be a case of when, rather than if, the AUD will break parity. Some in the market are predicting the AUD will break through USD1.0000 before the end of the week.
US export prices rose by 0.6pct in September while import prices fell 0.3pct. The lift in export prices exceeded forecasts of a 0.2pct gain while import prices largely met forecasts.
