BUSINESS

The US trade deficit widened from US$40.32 billion to an 18-month high of US$42.27 billion in May, above forecasts centred on a shortfall near US$40.3bn.

U.S. stocks shot higher Tuesday, extending the recent winning streak to six sessions as better than expected earnings from Alcoa and CSX boosted expectations for upcoming reports from bellwethers like Caterpillar.

The National Australia Bank says business confidence and conditions were mixed in June.The business conditions index ro...

Energy Resources of Australia shares fell more than 4% yesterday after it reported a 36% slump in first-half uranium ox...

Energy Resources of Australia shares fell more than 4% yesterday after it reported a 36% slump in first-half uranium ox...

Meanwhile, mineral sands miner, Iluka Resources, has warned that rutile production at its Murray Basin stage 2 project ...

A big day yesterday for earthmoving equipment provider, Emeco Holdings.It revealed in a statement to the ASX that it is?...

Wall Street surged higher once more in the wake of positive initial earnings. Intel's post-market result suggests a seventh consecutive rally tonight. Dow up 146.

SABMiller, one of the world's leading brewers, is calling on the brewing industry to improve disclosure on environmental and social impacts.The company is taking a lead by publishing detailed information about the impacts of its own operations around the world, in an online format which allows for g...

The Food and Agriculture Organization of the UN (FAO) is granting free and open access to its central data repository, FAOSTAT, the world's largest and most comprehensive statistical database on food, agriculture, and hunger, the UN agency announced last week.Previously, it was possible to download ...

Nearly half of all Australian households say they worry over the threat of looming interest rate rises, but only 20 per cent say they expect to have to carry increased debt levels in the next few months.According to the results of the latest survey by Dun & Bradstreet, which polled consumer exp...

Australian banking major National Australia Bank (NAB) embarked on a strategy this year of discounting its standard variable rate, is now starting to reap the rewards of the move, as it acquires a larger share of the home loan market.The number of home loans underwritten by Australia’s fourth larg...

Beijing's pressure valve of increased low-end housing supply may even serve to support sustainable property prices in China, suggests GaveKal, rather than spark a much feared crash.

Both credit Suisse and Deutsche bank have reviewed the Australian pathology sector to account for changes in market conditions and expectations.

The Chinese government has laid down the law to the country's property and steel industries, and in doing so caused cons...

The Australia 200 CFD Index finished 0.7% lower, with material, energy and industrial names detracting the most points.

Gindalbie Metals Limited, emerging iron mining firm, projects to shell out $80.4 million in developing its Karara development project worth about $2 billion for the third quarter of this year, which is situated at the midwest area of Western Australia.

IUCN (The International Union for Conservation of Nature) and Australia's third largest mining firm Rio Tinto today entered into a formal collaboration agreement, committing to work together over a three-year period.

Arrow Energy Ltd. said it has not formally received an approved offer from China's state-owned PetroChina of its bid to acquire the A$3.5 billion ($3.1 billion) Australian coal-seam gas producer.

The Australian dollar collapsed from near its highest in three weeks as a report likely to show economic growth in China-the country's largest trading partner-has likely slowed down.

Chinese investors represented by four consortiums appeared to be eyeing US insurance giant American International Group’s (AIG) Asian unit AIA Group for possible acquisition following Britain’s Prudential unsuccessful bid to takeover the insurance arm in June.

Pimco said Tuesday that Australia has solid economic fundamentals and is one of the top destinations for investment.

A new study by the APRA (Australian Prudential Regulation Authority) has identified a huge discrepancy between the paid fees by superannuation retail funds and those paid for funds not-for-profit, indicating that retail fees show generation of revenues rather than actual expenses.

Across Asia, regional markets are mostly lower this afternoon, choosing to ignore Alcoa's better-than-expected Q2 earnings result and instead focusing on Chinese comments reiterating their intention to curb property prices.

The Townsville port is on the cusp of experiencing growth in its iron ore shipments, with the first shipment of two trial batches set to leave the port tomorrow bound for China’s Beilun Port, near Shanghai.

Uranium producer Energy Resources of Australia Ltd (ERA) reported on Tuesday that the Darwin-based company suffered a 36 percent decline in its first half uranium oxide output even as it admitted that expected full year production could be up to 18 percent lower from the results posted last year.

NQBP Corp (North Queensland Bulk Ports Corporation), the government owned construction firm, has announced plans of exploring the viability of building a new Dudgeon Point export terminal, granting rights to Adani Group, an Indian construction firm, to head the project.

Investment manager Aurora Funds Ltd saw a tamed debut at the Australian Stock Exchange (ASX) on Tuesday as its shares remained untouched by 1100 AEST and with merely 320 shares being traded by 1345 AEST, with its stock price steadying at $2.00 per share.

Andrew Forrest's Fortescue Metals Group stands the Gillard government's proposed minerals resources rent tax (MRRT) should not proceed in its current shape.