BUSINESS

Australia is on its way to solid economic growth this year and by the following year even as worldwide growth is heading towards a downside risk as the renewed financial turbulence continued to intensify, that according to the International Monetary Fund (IMF) which released its World Economic Outlook Update on Thursday.

BHP Billiton-Mitsubishi Alliance and Prime Infrastructure Group shut berths at two terminals of the Hay Point port, the world's biggest export harbor for coal, to carry out planned maintenance.

National Australia Ltd.'s bid for AXA Asia Pacific Holdings faces a new setback as the regulator shelved its decision until September.

Already at a strong start, the Australian share market rallied further after the release of surprisingly better employment data.

Queensland farmers are collectively mired in $15 billion debt and most have no resort but to run to financial loans in order combat the effects of natural disasters, that according to the 2009 state rural debt survey data released today.

The Australian dollar rose over half a cent while bill futures fell after surprisingly strong jobs report reawakened the risk of a further hike in interest rates.

Australia's unemployment rate touched 5.1 per cent in June, the lowest since January 2009, as hopes for continuous economic improvement reinforced employer confidence.

Shares opened more than two per cent stronger today after a billow on Wall Street and major global markets overnight.

Fixed rate mortgages, based on the future expectation of bank funding costs, are regarded as an indirect scale of future official RBA rate actions.

Chinalco is keen on purchasing a direct minority stake in one of the world's largest undeveloped gold-and-copper mine deposits.

Junior gold miners in West Australia are gunning into full throttle for their expansion plans, buoyed mainly by the precious metal’s skyrocketing value with Integra Mining Ltd leading the hungry pack of the country’s future mining giants.

Silver Chef is effectively a finance company providing small industrial equipment solutions, enjoying strong growth and paying an enviable yield.

Ian Blackburne should consider stepping down from chairmanship given CSR's recent losses, according to the Australian Shareholders' Association (ASA).

Credit Suisse, the Swiss investment bank and fund manager, has spent the best part of $200 million in around 10 days, bu...

Credit Suisse, the Swiss investment bank and fund manager, has spent the best part of $200 million in around 10 days, bu...

Credit Suisse, the Swiss investment bank and fund manager, has spent the best part of $200 million in around eight days,...

Credit Suisse, the Swiss investment bank and fund manager, has spent the best part of $200 million in around eight days,...

Credit Suisse, the Swiss investment bank and fund manager, has spent the best part of $200 million in around eight days,...

A 274 point rally in the Dow may be welcome but not very convincing in many a view.

As many in the market suspected, Sigma Pharmaceuticals' putative South African suitor has tried a bit of cheese paring ...

Australia's multi-billion dollar building sector is facing significant change at a time when activity has started contra...

ustralia's multi-billion dollar building sector is facing significant change at a time when it has started contracting b...

US chain store sales rose by 3.1pct last week compared with a year ago according to Redbook Research.

Shares in nickel miner Minara Resources jumped 7.5% yesterday after it said it would return $111 million of capital to ...

Shares in nickel miner Minara Resources jumped 7.5% yesterday after it said it would return $111 million of capital to ...

U.S. stocks rallied broadly Wednesday in the third biggest one day gain of the year, pushing the Dow Jones Industrial Average back above the key 10000 level.

The merger between small iron ore groups, Atlas Iron and Aurox Resources, seems to be heading towards fruition after an ...

The major banks are likely to keep lifting interest rates for small and mid-sized business clients in a bid to recover funding costs. The hikes will be another hurdle for the sector, which continues to be weak.

Auckland International Airport Ltd. will invest NZ$27.7 million ($19 million) buying a 25 percent stake in Queenstown Airport, which has the nation's fourth-largest number of international visitors.