Ausenco's New Losses
Mining service provider, Ausenco Ltd, says it will take a $6.8 million after-tax, non-cash impairment charge in its ha...
Indophil Resources NL continues Tampakan mining development
Australian mining firm Indophil Resources NL has committed to continue developing its Tampakan copper-gold project in the Philippines.
Small miners granted rail access
The Australian Competition Tribunal on Wednesday ordered BHP Billiton and Rio Tinto, the second- and third-largest iron ore exporters, to share their multibillion-dollar infrastructure in the Pilbara to others.
Metcash buys Franklins supermarkets
Discount supermarket chain Franklins has been acquired by its wholesale supplier, Metcash Trading Ltd, in an unsolicited $215 million offer to its current owner, South African chain Pick n Pay.The sale, pending approval from the ACCC, will also bring to an end all current litigation between the two ...
More news
Westpac To Start Making Super Contributions For Female Staff On Unpaid Maternity
As many as 200 employees of Australian banking major Westpac could stand to benefit from a plan which proposes to pay super on unpaid parental leave to the lenders permanent staff.The first such measure to be adopted by an Australian bank would affect all group companies of Westpac, which include St...
Global Financial Market Instability Hits Australian Super Fund Returns
Volatile global financial markets that plunged in the aftermath of the European sovereign default crisis have consumed the highly anticipated bounce in super fund returns.The drop in financial markets is likely to result in investment earnings falling below double digits for the financial year, endi...
China Cuts Aluminium Output as Markets Slide Continues
With renewed worries about the Chinese economy, here's some news that will add to those concerns,Around 10% of China's a...
IG Markets Australian Market Wrap
The Australia 200 CFD Index finished 1% lower at 4301.5, with material and industrial names detracting most of the points
STW reaffirms 2010 guidance
STW Communication Group Ltd reaffirmed on Wednesday its guidance of double-digit net profit growth for 2010 as it expressed confidence that the company remains on track to deliver much solid performance for the half year leading to June 30.
Economists cite business sector as fuel of May credit growth
Australia’s business credit experienced an annualised expansion rate of 1.2 percent over the quarter to May.
Growth in bank lending pushes Australian dollar
The Australian dollar advanced after news that bank lending strengthened in April and May. The Aussie dollar was at 85.21 U.S. cents as of 2:28 p.m. in Sydney, from 84.87 cents yesterday.
Bargain hunters strengthen stocks
While the Australian share market remained in the red territory by early afternoon, it was off its lows as several investors tentatively sought bargains.
Downer accounts under close examination
Downer EDI has rejected all claims that it is fidgeting with its operational funds to lift its end-of-year accounts.
Macmahons earns contract extension
Perth-based Macmahon Holdings announced today that as an alliance consortium member, it has been awarded a $50 million share of a $112 million rail contract extension by the New South Wales Government.
More than 200 workers get laid off when dairy plant closes
More than 200 experienced dairy workers will get laid off after National Foods announced that it would shut down its western Sydney plant.
Stocks improved but still lower at noon
While the Australian share market recovered slightly by noon, it was still distinctly lower, with massive losses in various sectors.
HIA says new homes sales decline in May
The Housing Industry Association (HIA) said on Wednesday that new home sales fell to a three-month low in May thanks to the ever-increasing interest rates which further doused cold water on an already struggling fresh housing demand recovery.
PM Gillard: Talks with mining firm 'good'
Declaring that negotiations with the mining industry members are "good," Australian Prime Minister Julia Gillard will likely unveil a compromise with the sector on its planned tax measures.
Telstra defends deal with Foxtel
Telstra Corporation Ltd, the Australian telecoms giant, has defended its intentions of offering exclusive content via Foxtel, provider of pay television, asserting that the deal was done at “arm’s length” and rejecting claims of non-competition reported by Fairfax.
Rio Tinto increases stake in Ivanhoe
Multinational mining and resources group Rio Tinto will exercise warrants to acquire shares of Ivanhoe Mines, expanding its interest to 30 per cent for about $US393 million.
The BP Oil Disaster Presents Problems For Governments And Consumers
FNArena has the pleasure to welcome senior resources analyst Gavin Wendt as contributor to our news and analysis service.
Northern Star Resources strikes new deal for Paulsens Gold Mine
Northern Star Resources has signed a new deal with Intrepid Mines for Paulsens Gold Mine after renegotiating the offer to $40 million, an increase of $13 million.
Copper, oil plunge
Waning hopes on the potential power of continued international growth pushed down commodities today, with copper suffering the hardest hit.
PM Gillard set to call an election in August
Australian Prime Minister Julia Gillard will make an announcement on July 2 regarding a possible election in August, the Australian Broadcasting Corp. cited on its website.
Tatts in huge write-down
Joining a string of Australian companies to suffer in Britain, Tatts Group is finally conceding a huge write-down of its Talarius poker machine business.
The Overnight Report: Confidence Expires
Low leading indicator and confidence readings in China and the US broke the dam of building disquiet last night sending risk assets tumbling. Dow down 268.
More Evidence That Japan Is Slowing
More signs yesterday that Japan's economy is not growing as strongly as previously thought.A day after figures showed re...
Japan Slowing; Markets Take Fright at China, Banks
More signs yesterday that Japan's economy is not growing as strongly as previously thought.A day after figures showed re...
Macquarie, Downer EDI Worry Investors
A tale of two companies on the nose, it seems with the market: Downer EDI and Macquarie Group.Both were sold off yesterd...
Campbell's Solid Profit Upgrade
Shares in Brisbane-based mining testing group, Campbell Brothers, jumped sharply yesterday after the group revealed a so...
Corporates: Tatts, Macmahon
Gambling group, Tatts Group Ltd, has revealed $165 million in write-downs and impairment charges on assets in Britain a...
GPG Fires Rebel Director
Four days after going public with an attack on plans to split the business, GPG's executive director in New Zealand, Ton...
AUS, NZ currencies seen improving
A slight correction in the world financial markets may improve today’s value of the Australian and New Zealand dollars and break off from the sluggish trading now lasting for three weeks.
Gibbs no regrets despite losing job
Guinness Peat Group's Tony Gibbs has no regrets over a statement opposing the company's demerger plan that cost his job.
Pages
- MOST READ IN Business
- 1
- 2
- 3
- 4
- 5
