The Reserve Bank of Australia (RBA) analysis shows Australia's banks will be able to satisfy the Basel III requirements.
The Australian stockmarket was half a per cent stronger at Friday noon, as the resource giants continued to post gains, despite lacklustre overseas leads.
Rare earths producer Arafura Resources Ltd (ASX: ARU) announced on Friday that it has forged a deal with OneSteel Ltd to acquire land in Whyalla on South Australia’s Eyre Peninsula where the company will house its new processing plant .
Unlike Queensland Premier Anna Bligh, financial analysts are casting doubt on the economic and sovereign risk factors involved in the proposed Purari river project.
Foster's Group, Australia's biggest brewer, is on the top of a $45.6 billion list of local companies compiled by broking house RBS Equities that are seen as targets especially for foreign buyout firms.
The supposed Commonwealth Bank of Australia (ASX: CBA) delegation for the 2010 CLSA Asia-Pacific Markets investor forum in Hong Kong still flew to the area.
A US neuroscience expert confirmed in his report that children from a small town in Queensland indeed suffered from brain damage due to lead poisoning, which the families of the affected kids had attributed to the nearby mining activities of giant resource firm Xstrata.
The Australian work force remains pessimistic of their superannuation, a survey shows.
Retirement village operator Aevum Limited (ASX: AVE) awaits an updated opinion after property investment firm Stockland Corporation Limited (ASX: SGP) increased its bid.
The AUD maintained its bid tone overnight, supported above USD0.9350 amid continuing USD weakness and EUR strength.
US jobless claims fell by 3,000 to 450,000 - the lowest reading in two months.
Technology companies boosted U.S. blue chip stocks to a narrow gain Thursday, as confidence mounted that the economy would avoid a double dip recession.
Finance recruitment firm Robert Half International found a significantly high number of employers complaining about job applicants who have exaggerated their work experience during the recruitment process.
Australia's Myer (ASX: MYR) is putting an end to continuous discounting and begins a customer service improvement campaign.
The Australian stock exchange opened higher today following a higher closing of the Dow Jones industrial average.
The Australian currency was slightly higher at Thursday noon as further speculation of quantitative easing in the US and currency devaluations by other countries kept it in a tight range.
The Australian currency finished lower on profit-taking after Japan did not step in a second time to weaken the yen against the greenback.
The Australian sharemarket finished sharply lower on Thursday as the big miners sank on weaker metal prices.
The latest Westpac-Australian Chamber of Commerce and Industry (ACCI) survey of industrial trends showed local manufacturing activity declined in the three months to September as global concerns and election uncertainty at home outweighed a generally favourable economic background.
Aviation giant Boeing Company said on Thursday that the international airline industry would be requiring the services of a combined million aviators and maintenance crews for the next 20 years, with the bulk of the demand coming from Asia.
South African-focused mining firm Continental Coal Ltd (ASX: CCC) announced on Thursday that it has struck a deal that would allow the junior miner to purchase Mashala Resources, paving the way for the company to achieve mid-tier producer status.
The Reserve Bank of Australia (RBA) said on Thursday that the country is already out of sync with the US economy and has slowly shifted its focus on the movements of the fast-expanding Chinese economy, currently the nation’s biggest trading partner and largest consumer of its natural resources.
Bauxite miner Alumina Ltd (ASX: AWC) revealed on Thursday that its third quarter operating costs for the current year could soar by as much as $US11 million or $A11.73 million following the power outages and equipment commissioning problems that hit its Alumar refinery in Brazil.
The Liquor Hospitality and Miscellaneous Workers Union (LHMU) insists on a reasonable pay increase in order to end the work-to-rule ban in hospitals across Western Australia.
The Australian sharemarket was weaker at Thursday noon, as profit takers drive losses among materials and financial stocks.
Wesfarmers Ltd (ASX: WES) subsidiary Coles Supermarket said on Thursday that it is set to open some 100 new format stores within the current financial year, with about 60 new format supermarkets already operating in the whole of Australia, which the company said was integral to the fiver-year recovery blueprint for Coles.
Budding Australian businesses are tapping the largest consumer market in Asia by taking part in the China International Small and Medium Enterprises Fair (CISMEF).
Australian consumers expect prices to increase in September, opposing falls over the past four months, thanks to a string of strong economic data, a survey shows.
Rare earths miner Arafura Resources Ltd (ASX: ARU) said on Thursday that it has requested for a pre-market trading halt until September 20 pending the revelation of its new processing complex.
Consumers seem to enjoy the thought of continuous discounts, and still keep their belts tight.
