Commonwealth Bank researchers argue that Australian house prices are only overvalued by outdated measures.
Australia's mining giant BHP Billiton Ltd (ASX:BHP) says it remains cautious on the short-term outlook for the global economy, even after achieving record annual production results for its petroleum and iron ore divisions.
Global investment and advisory firm Babcock & Brown Ltd considered acquiring rival Allco Finance Group Ltd while it was dealing with a cash crunch of its own that ultimately led to the $10 billion financial empire's demise.
The Australian Dollar has opened higher after the Reserve Bank of Australia (RBA) said the next rate movement was all but dependent on official inflation data due next week.
Wall Street turned a 157 point loss in the Dow into a 75 point gain with little impetus last night. Apple blew the market away after the bell. (Locked for subscribers until 10:00 AEST)
US housing starts fell by 5.0pct to a 549,000 annual rate in June, below forecasts centred on a result near 580,000. But permits actually rose 2.1pct to 586,000 - above expectations.
U.S. stocks staged a strong mid day rally Tuesday to finish in positive territory for the second day in a row, shaking off deep losses as optimism grew ahead of a fresh wave of bank earnings and guidance from the Federal Reserve.
As we said in Monday's Air, the outlook for interest rates will proceed according to a fixed timetable, with the first i...
Chevron continues to push towards getting a second huge WA LNG project on the rails and underway.The US-owned oil major ...
he Aussie sprung to life either side of the Reserve Bank release of the July board meeting minutes moving to an intraday high of 0.8745 before slipping back towards US87 cents.
Department store group, David Jones has pulled out of a major shopping centre in the second decision of its kind in the ...
Iluka Resources saw a sharp improvement in second quarter sales of its mineral sands products.The company, the world's ...
Shares in telecommunication services group, M2 Telecommunications Group are within sight of their all time high after a ...
On Wall St overnight, US stocks gained after an early slide amid speculation the Federal Reserve will take further steps to stimulate the economy. Treasuries pared gains and higher oil and copper prices helped lift the commodity players.
The central bank has warned that macro-regulation proposals under the new Basel III bank rules could hit economic growth, although not as bad as some banks fear.
Australia's 35,800 trades job vacancy predicted in the mining sector by 2015 will likely be occupied by migrants as resource companies deal with the effects of not hiring the expected number of apprentices in an industry as big.
Solid growth in the number of passengers will fuel continued expansion of Tiger Airways' Australian operations after a loss of $S600,000 ($496,941) in 2009-10, according to the airline's annual report.
- Vote for your favourite steak for the chance to win a trip to Buenos Aires -Are you the kind of person who boasts about knowing where the greatest steak is served? Well, now is the time to put your money where your mouth is and help your favourite steak venue be crowned Pepperjack's National Steak...
VicHealth has today welcomed a bid to introduce a mandatory levy on alcohol and junk food advertising, in light of research that shows the overwhelming majority of Victorians want these industries to be accountable for the harm they cause."A levy on junk food and alcohol advertising would shift the ...
A glance through the latest expert views and predictions about commodities, with Macquarie seeing lead as better placed than zinc and positives for both iron ore and platinum prices.
The Australia 200 CFD Index added 1% today, with material and consumer discretionary names leading the index higher.
The Australian share market closed higher on Tuesday, boosted by some positive commentary from Australia's central bank and a lift in the Shanghai bourse. Major mining stocks led the gains on the local bourse.
The Australian share market posted solid gains today, recovering much of yesterday's losses, on the back of a positive lead from Wall Street and suggestions US markets will open strongly again tonight.
iiNet has announced the release of its bonded ADSL service offering, making it the first internet service provider in Australia to provide such optimized services. The deployment of the bonded DSL technology, which can likely double network speeds by integrating two copper wire pairs, is aimed at the SME market.
In Asia, regional markets are mostly higher this Tuesday, taking their leads from gains on Wall St. However, the Nikkei 225 is lower, down 1% with technology names under pressure following the disappointing revenue numbers from Texas Instruments and IBM.
A strong rally in Shanghai has prompted a surge in the Australia share market this afternoon.
Macquarie bank (ASX:MQG) is the chief creditor to the TPG-Carlyle consortium buying Australia's second-largest hospital owner Healthscope, with the banker having about $150 million in committed funds out of total funded facilities of $1.2 billion and another $300m in committed but undrawn funds.
Uranium miner Paladin Energy Ltd (ASX: PDN) said on Monday that negotiations are underway with NGM Resources Ltd (ASX: NGM) for a possible takeover agreement on the latter’s mining operations in Australia, West Africa and Madagascar.
Barry Frank Jennings, a financial adviser based in New South Wales, has been barred from providing and offering fiscal services by the ASIC (Australian Securities and Investments Commission) after allegedly giving advice to SMSF investors to place their money on unlicensed products.
A Queensland bank in the far north has called in the authorities to investigate the disappearance of more than $3 million as they also continue to look for the branch’s manager who has been missing since the previous week.
