Australians consumed more fast food and dined out often in August providing a boost to retail sales, which grew by 0.3 percent, the Australian Bureau of Statistics said.
Emerging iron ore mining player Brockman Resources Ltd (ASX: BRM) revealed on Tuesday that its planned Marillana project in the Pilbara regions of Western Australia could eventually amassed a rich yield of up to $35 billion through the course of its projected 25 year life.
Activity in Australia's services sector slowed for the fifth consecutive month in September, according to data released on Tuesday.
The outlook for Australian corporate bonds over the next few years could be promising as global rating agency Standards & Poor’s said on Tuesday that bond growths would be experienced soon as the sector sets out to ramp up its presence in the financial market.
Australia posted another trade surplus in August, which would be on its fifth consecutive month on the back of higher exports of coal and lower imports of industrial machines and aircraft.
A report released by the Conference Board of Canada on Monday has stated that BHP Billiton Ltd’s hostile takeover bid on Potash Corporation of Saskatchewan could potentially lead to some negative impacts for the host province and slash Canadian government earnings by as much as $2 billion for the next 10 years.
Cafes and restaurants, which are again leading the charge with an increase to retail figures of 0.3 per cent, cloud the reality of a low 0.1 per cent rise for the rest of the sector, according to the Australian National Retailers Association (ANRA).
Australia's labour market has once more risen in September on account of job postings on newspapers and the Internet, the ANZ Bank said in a statement today.
Investors are on a waiting mode, at least until after the Reserve Bank of Australia’s (RBA) anticipated policy rates announcement today, as the Australian bond market opened on Tuesday a bit jittery and somewhat weak on economists’ projections that a lift is in the offing.
After holding onto recent gains above 0.9700 at yesterday's open, the Australian Dollar has let slip and made a move back towards support at 0.9650.
Four-wheel drives fueled the record sales numbers of motor vehicles seen in September as the Federal Chamber of Automotive Industries reported on Tuesday that Australia’s motor vehicle sales would most likely soar beyond the one million mark on the current calendar year.
Investors sold off U.S. stocks and helped the dollar recover some ground as the market awaited guidance from official jobless numbers and the start of corporate-earnings season.
US pending homes sales rose by 4.3pct in August after a 4.5pct lift in July and ahead of expectations for a 3pct gain.
Contracting firm Transfield Services Ltd (ASX: TSE) said on Monday that it has chalked up some $1.1 billion worth of work in Australia and New Zealand so far in the first quarter of the current financial year, including substantial deals struck with BHP Billiton Ltd, Caltex Australia Ltd and initial site rollout constructions for the National Broadband Network.
The Australian dollar jumped on Friday after surprisingly strong Chinese manufacturing data countered concerns about the global outlook and augured well for demand for Australia's resource exports.
New Zealand insurer Tower Ltd. listed in both the NSX and the Australian Stock Exchanges (TWR: NSX/ASX) has announced that it offers to buy industry rival Fidelity Life Assurance Co. for about $118 million.
The Australian currency held firm on Friday, buoyed by surprisingly strong Chinese manufacturing data and intense speculation the Reserve Bank of Australia will lift interest rates next week.
The Australian stock market closed slightly lower on Friday after investors used an early rise to book profits and sold out of the major banks.
The Sydney Airport will be able to meet its debt obligations due in 2011 and 2012 as its issued bonds recently fetched US$ $965 million.
Rains may have exceeded forecast earlier set by Australia’s climatologist but the Bureau of Meteorology (BOM) said on Friday that the great amount of rain that poured on much of the country would not offset the alarming possibility of severe dry years ahead, which could also affect the country’s short-term agribusiness outlook.
Mineral explorer Conquest Mining Ltd’s (ASX: CQT) complete takeover of North Queensland Metals Ltd (ASX: NQM) assumes a full-swing mode as Conquest chair Jake Klein took the helm on Friday as new chairman of the target company.
Amidst earlier projections made by Access Economics that resource prices would slide down by 2013 and 2014, a senior resources experts said that while iron ore price may see some softening over the next four years coal prices would still flex some muscles due to continuous high demand.
A survey of Macquarie Equities Research shows hiring and recruitment in the financial services industry will boost demand in office space.
The nation’s largest provider of integrated health insurance and health solutions humbly presented a full-year net profit before tax of $380 million, but expected premium increases to stay below the industry average.
Synthetic gas specialist Cougar Energy Ltd (ASX: CXY) said on Friday that it has struck a partnership with China’s Shanghai Limitedless Investment Group Co Ltd for up to three percent of interests in the company’s business operations in China.
The Australian bourse has erased morning gains but is still trading higher on the first day of the new quarter, despite negative offshore leads overnight.
Analysts are predicting that Australia's major lenders will lift rates regardless of the outcome in the Reserve Bank of Australia's policy meeting on October 5.
Trading hours in Western Australia maybe slowly catching up with international standards but the Chamber of Commerce and Industry (CCI) in the state is convinced that the government is stopping short too soon.
The nation's largest telecommunications firm is expected to find ways to motivate employees following its announcement of slashing 6,000 of its more than 43 thousand jobs.
Activity in the Australian manufacturing sector contracted in September due to the strong local dollar, increased raw material costs and weaker demand, a survey showed.
