BUSINESS

The value of construction work done unexpectedly slumped in the September quarter, led by a drop in completed residential buildings compared with the previous three months.

Sharon Olalia Nov 24, 2010

The September 2010 quarter housing affordability in Sydney was 20.8 per cent lower than a year earlier, while regional NSW affordability was down by 18.7 per cent, according to the HIA-Commonwealth Bank Affordability Report released today.

Sharon Olalia Nov 24, 2010

Amidst the reported presence of cancer-causing chemicals on Queensland’s emerging liquefied natural gas (LNG) and coal seam gas (CSG) operations, a new research apparently showed that despite the risks it brings, the state’s mining industry hauled in an estimated $3.8 billion in tax revenues for the past financial year.

Erik Pineda Nov 24, 2010

Buyers are in the best position as evidence emerges of a softening of the property market nationally, according to leading tax and property accountants in Melbourne, Sydney and Brisbane.

Sharon Olalia Nov 24, 2010

Virgin Blue Holdings Ltd continues beefing up its fleet of Airbus A330s as it announced on Wednesday the scheduled delivery of two more aircrafts by 2012, which the airline said would be deployed to serve its Australian service routes.

Erik Pineda Nov 24, 2010

The Australian sharemarket is off by 0.2pct or 10.8pts to 4666.1 being led lower by weakness in both our largest banks and miners.

Sharon Olalia Nov 24, 2010

The Aussie opens sharply lower today at 0.9710 as risk appetite took a nosedive overnight. In the absence of any market-moving economic data, European sovereign debt concerns continued to occupy the minds of investors during local trade on Tuesday.

Sharon Olalia Nov 24, 2010

U.S. stocks steepened their decline Tuesday after the Federal Reserve downgraded its U.S. economic projections in the minutes of its latest meeting, citing worse than expected growth.

Sharon Olalia Nov 24, 2010

The Commerce Department upwardly revised its estimate of September quarter growth from 2pct to 2.5pct.

Sharon Olalia Nov 24, 2010

The Australian share market dived more than one per cent on Tuesday as uncertainty over European sovereign debt troubled investors on a day with few economic indicators to provide direction.

Sharon Olalia Nov 23, 2010

Local stocks were heavily sold off in afternoon trade, as worries about Eurozone debt contagion and weakness in the Asian region unsettled investors

Sharon Olalia Nov 23, 2010

Fairfax Media is recalibrating its corporate structure to arrest the media company’s continuing profit slide in the print division and to keep abreast with the shifting norms in the media business operations.

Erik Pineda Nov 23, 2010

Sigma Pharmaceuticals (ASX: SIP) says it has now reached formal agreement with Aspen Pharmacare Holdings Ltd group of companies on the terms and conditions of the sale and the ongoing relationship between them. On August 16, 2010, Sigma announced that it had agreed in principle to sell its pharmaceuticals division to Aspen for A$900 million.

Sharon Olalia Nov 23, 2010

Metcash Ltd (ASX: MTS), the country's largest wholesale and distribution company, today openly defied the Australian Competition and Consumer Commission by announcing its plan to pursue its attempted takeover of Franklins.

Sharon Olalia Nov 23, 2010

Qantas Airways Ltd is set to fly again some of its Airbus A380s as it announced on Tuesday that a London-bound aircraft is scheduled to take off from Sydney on November 27, Saturday.

Erik Pineda Nov 23, 2010

Local stocks have followed US and European markets lower in early trade, with investors concerned other Eurozone countries may join Ireland in requiring a financial bailout.

Sharon Olalia Nov 23, 2010

Australian tennis star Mark Philippoussis is facing bankruptcy notice following the reported default on his $1.2 million mortgage for his Williamstown townhouse near the Port Philip Bay in Victoria.

Erik Pineda Nov 23, 2010

A growing field of analysts and industry insiders is warning that new capacity shortages are looming beyond 2011, although supply and demand in the container shipping industry appears in balance for next year.

Sharon Olalia Nov 23, 2010

Retail and financial services company Thorn Group Ltd (ASX: TGA) has reported a 38 per cent lift in net profit for the six months to September 30, 2010 to $11 million (2009: $8M).

Sharon Olalia Nov 23, 2010

One in four Australians dealt with financial trouble in the last 12 months, according to new research released today by Citibank.

Sharon Olalia Nov 23, 2010

U.S. stocks fell Monday as bank shares were hurt by worries about a broad insider trading probe and energy shares took a hit from falling oil prices.

Sharon Olalia Nov 23, 2010

The Chicago Fed National Activity Index improved from -0.52 to -0.28 in October. A zero value indicates the national economy is expanding at historical trends.

Sharon Olalia Nov 23, 2010

Four of the unions at the desalination plant at Wonthaggi, in southeast Victoria have urged their co-workers on strike to return to work today.

Christine Gaylican Nov 23, 2010

The Australian stock market has closed higher on a day when trade was dominated by the public float of Queensland freight railways, QR National.

Sharon Olalia Nov 22, 2010

A sound fiscal policy and a lean budget plan could help the federal government in effectively curbing runaway public consumption instead of over-reliance on tweaking Australia’s interest rates.

Erik Pineda Nov 22, 2010

A new survey has established an emerging reality that soon-to-be retiring Australians were clueless on most of the superannuation terms currently in use and may be ill-prepared for imminent retirement.

Erik Pineda Nov 22, 2010

Australian wireless broadband services provider BigAir Group Ltd (ASX: BGL) says it intends to make an off-market takeover bid for rival Clever Communications Australia Ltd (ASX: CVA).

Sharon Olalia Nov 22, 2010

Official figures from the Australian Bureau of Statistics (ABS) today show a property boom in Tasmania's Central Highlands.

Sharon Olalia Nov 22, 2010

Australia's largest coal hauler and transporter QR National stabilised at $2.55 per share at its mid-day introductory debut at the Australian stock exchange and so far raised some $4.6 billion for the Queensland government.

Christine Gaylican Nov 22, 2010