BUSINESS

Uranium producer Energy Resources of Australia Ltd (ERA) (ASX: ERA) said on Friday that its first half profit suffered declines as the company saw sliding production, spiralling maintenance costs and a better performing Australian dollar all conspiring in pulling down its revenues.

Peabody Energy, the world's biggest listed coal group, has shown us just how profitable the Australian coal industry is ...

Home prices and superannuation, are contenders for top of the chat charts around dining tables, water coolers and bbq's....

Australia's biggest investment bank Macquarie Group Ltd (ASX; MQG) expects its advisory, securities, fixed income and commodities divisions to post lower earnings as global markets stumble and deals wane.

Neither the buyers or the sellers can gain the upper hand in this market as a rollercoaster ride ends with the Dow down 30.

Internet service provider iiNet is set to acquire a division of AAPT from Telecom Corporation of New Zealand Ltd and according to a report by The Australian on Friday, about $60 million would change hands, with Telecom NZ also gearing to sell down 17.4 percent of its iiNet holdings to institutional investors.

The Australian share market is likely to start weaker this morning after a fall on Wall Street overnight, although resource and energy stocks may gain after the price of metals and oil increased.

A rebound seems to be underway in the Chinese sharemarket after the big fall this year.That's because, as the AMP's chie...

Harold Mitchell has sold Mitchell Communication Group (ASX: MCU), which he founded 34 years ago, to British media company Aegis Group for $363 million. The Australian media mogul will, however, continue to lead the expanded company.

Suddenly Australia is a one off in the booming Asian region, instead of being ahead of the pack.After rate rises startin...

The US Federal Reserve meets early next month and already we know what we can expect from the meeting.No change on rates...

Increased competition is making attracting subscribers more difficult for Pay-TV group Austar, so brokers are trimming expectations for the stock.

Experts have warned that retail may take years to recover with continual sales over the past year having trained consumers to expect and only accept reduced prices.The warnings come as research group TNS' Discount Retailing Study found that 65% of Australians perceive retailers to constantly have sa...

Speaking in Orange today Australian Greens Leader Bob Brown called for a national register of foreign purchases of land or water in rural Australia."In the coming century food and fibre production will be a huge issue as the world population soars to 10 billion people or more," said Senator Brown."I...

Australian mining firm Rio Tinto and Chalco today signed a binding agreement to establish a joint venture (JV) covering the development and operation of the Simandou iron ore project in Guinea.

Australian digital publishing services provider Realview today confirmed that more than 30,000 editions from over 2,000 publications it produces for clients can now be interactively viewed on the Apple iPad, without having to download anything from the App Store.

The Reserve Bank of New Zealand Governor Allan Bollard is likely to raise interest rates in September and then take a respite to allow the economy to grow further amid a fragile global recovery, RBC Capital Markets today said in a forecast.

The ASX 200 makes a last minute attempt to break into positive territory but gets sold off in the post market auction

Junior coal miner Aston Resources Ltd has been reportedly identified by mining giants Xstrata and Peabody Energy Corporation for a possible buyout deal as sources privy to the company’s moves revealed that an initial public offering would be announced next week to raise an estimated $400 million.

The Australian share market broke a four day winning streak today, despite an afternoon buying frenzy which briefly the main indices in the black. A weak lead from Wall Street saw local investors pull back, with the All Ordinaries Index (XAO) closing down 5.9pts or 0.1pct to 4536.2.

Australia's share market has snapped a four day winning streak, after finishing a little weaker despite gains to miners and banks.

Freight company TNT announced in a statement today it had launched a new $6 million depot in East Arm, signalling its expanding international business and ongoing commitment to the Darwin region.

Gas and electricity firm Arrow Energy Ltd (ASX: AOE) said on Thursday that its annual gross sales in financial year 2010 indicated strong performance in the June quarter as gas and electricity sales more than doubled from the prior year.

The Australian share market was weaker by early afternoon after a negative lead from Wall Street, while the resources sector rallied.

Many Australians are bracing for a property slowdown over the next 12 months following the accelerated price expansion seen last year as the latest survey by the National Australia Bank (NAB) showed that the annual property price growth plunged from the 5.2 percent posted in March to a mere 1.4 percent in the June quarter.

Australian airline company Qantas (ASX:QAN) today launched a trial of its all-new Next Generation Check-in system at its domestic terminal at Perth Airport.

To help it sell five-year bonds, SPI (Australia) Assets Ltd., a unit of Singapore Power Ltd has acquired the services of Commonwealth Bank of Australia and Westpac Banking Corp.

The Australian share market is currently off by 0.4pct or 20.4pts to 4521.7 with almost all sectors currently in the red at lunch.

The spot uranium price has suddenly jumped but experts are warning investors not to read too much into it.