The Reserve Bank of Australia (RBA) reports an increase of 2.8 percent in total credit made available by financial institutions over the year to July.
The production of red meat made a significant contribution to South Australia's agricultural production.
Mining firm Minara Resources Ltd (ASX: MRE) reported on Tuesday gains on its half year profit despite the prevalence of volatility in nickel and cobalt prices, which are the company’s present market focus.
The Australian stock market was lower at midday as doubts about the recovery in the global economy dragged down miners and banks.
The number of dwelling units approved rose in July, according to data released today by the Australian Bureau of Statistics.
The Australian Bureau of Statistics (ABS) reports a decrease in current account deficit during the second quarter of 2010.
Cafes, restaurants and takeaway food services are driving retail trade up, according to new data released today.
Toll operator RiverCity Motorway Management Ltd (ASX: RCY) said on Tuesday that it may have to deal with a substantial financial problem very soon following the $1.56 billion write downs of its Clem 7 tunnel road in Brisbane.
The Reserve Bank of Australia assistant governor Guy Debelle points at mis-assessment as one of the key factors in the financial crisis.
A new line of Holden’s Commodore series will soon race through Brazilian roads as the car maker revealed on Tuesday that the new VE Series II model would be exported to the South American country under the name Chevrolet Omega.
Monday's reversal of fortunes gained on Friday dragged the Australian stock market to start low.
On Wall St overnight, US markets gave up most of the points gained during Friday session as stronger-than-expected consumer spending data did little to overshadow a weaker-than-expected rise in personal incomes and the first drop in disposable income since January.
With the AUD trading just bellow USD0.9000 for the majority of yesterday's local trading session, the AUD has fallen about a cent overnight as concerns over the US economy resurfaced after a very short term period of renewed confidence.
US consumer spending rose by 0.4pct in July - marking the strongest reading in four months. US personal income rose by 0.2 pct in July after edging up 0.1pct in June.
U.S. stocks fell Monday despite deal activity from Intel and 3M as investors continued to fret about the health of the economy. The drop came in thin trading.
The Australian Dollar moved above US90 cents for the first time in over a week as sentiment was buoyed by recent comments from the US Federal Reserve that it is prepared to take steps to safeguard the world's largest economy from falling back into recession.
Employment opportunities would abound in the resources sector in about 5 years.
Working conditions in Australia remain marked by biases.
The dollar closed slightly higher even after a downward trend throughout the trading day.
British-Australian miner Rio Tinto (ASX:RIO) announced on Monday it will invest US$1.6 billion to develop the Hope Downs 4 iron ore project in Western Australia and link with Rio Tinto's existing rail, power and port infrastructure in the Pilbara.
The Australian currency managed to finish almost one US cent higher even after a steady fall throughout the trading day as the Bank of Japan took measures to bolster liquidity in an emergency meeting.
The Australian bourse rallied on Monday, posting a record increase this month, as the investment community took heart from reassurances by US Federal Reserve chairman Ben Bernanke that the central bank would provide more stimuli to the US economy if necessary.
Australian prospectors are searching old mines for more gold as bullion prices increase, pushing production to its record high in more than six years, according to consultant Surbiton Associates.
Gold showed to be steady as it began its fifth straight week in positive territory before the release of mixed US economic data.
The Australian Institute of Petroleum (AIP) announced on Monday that the national average price of petrol fuel slipped by 124 cents each litre last week, which it said was the biggest drop from the past six months.
Caltex Australia (ASX:CTX) has announced today it intends to continue a major expansion of its fuel terminal at Port Hedland in Western Australia in a move set to increase supply capability to the resource-intensive state's diesel market.
Building materials specialist James Hardie Industries SE announced on Monday that it would enter trading halt from 1400 AEST on September 1 pending the Federal Court decision on its appeal against a tax assessment that runs to more than $US330.4 million or $A366.62 million.
The six percent increase in electricity costs is not the last for the year.
Global rural lender Rabobank Group said on Monday that business confidence among Australian farmers soared to a record level in August as commodity prices saw marked improvement with farm outlook further buoyed by the arrival of winter rains in most states.
The number of new houses sold from May to July is 2 percent lower than the figures for the same period last year.
