BUSINESS

Upcoming mining company IMX Resources Ltd reported on Monday that the Australian government has given its go signal for China’s Sichuan Taifeng to increase its stake on the Perth-based company and invest as well to its South Australian iron ore, copper and gold exploration projects.

Australia-based investment company Mirrabooka has posted a 31 per cent increase in full-year net profit, and announced a share purchase plan saying equity valuations had gone back to attractive buying levels.

Macquarie Bank has announced the release of a new mortgage-based plan intended for borrowers that plan to make use of mortgage as a part of wealth development strategy.

Australia's housing finance commitments have marked their first increase in eight months, showing a renascent housing market amid higher rates and falling confidence.

The Australian Securities and Investments Commission (ASIC) issued warnings on Monday that thousands of ordinary investors could be burned by the high-risk investments contracts for difference (CFDs) as it reported that industry players are deliberately downplaying the risks entailed in betting to the investment products.

Australia’s surfing RTW retailer, Billabong has announced plans of acquiring a California-based “progressive” clothing label, RVCA, for an amount yet to be disclosed.

The auction clearance rate in Sydney nosedived at the weekend with just 49 per cent of properties selling, the poorest record in 18 months.

Sigma Pharmaceuticals said on Monday that it has been offered to closely coordinate with US drug manufacturer Aspen Pharmacare in order to fetch a much promising bid for the company, though it confirmed that Aspen’s exclusivity period has lapsed and no extensions have been made so far.

Australia's second-largest airline Virgin Blue has postponed its relaunch until early next year as it seeks to resolve a long-running dispute with largest shareholder, Richard Branson, over its plans to own the Virgin name.

The worst is over for Europe if officials of the European Central Bank (ECB) are to be believed, no further recessions would be seen in the eurozone and the region’s economies should have been tinkering its way to recovery by now.

Credit Suisse has joined UBS in covering iron ore play Gindalbie Metals, both brokers rating the stock as a Buy given valuation upside and leverage to iron ore prices.

Jetset Travelworld has not been able to meet a self-inflicted deadline to justify to shareholders why they should approve a $440 million merger with Stella, Australia's largest travel retailer.

Australian paints, adhesives and garden care products firm DuluxGroup Ltd sees Asia as a key growth area for the company.

Mining tycoon Clive Palmer has unveiled plans to build a new coal loading port facility north of the existing facility at Abbott Point in north Queensland.

Australia's biggest liquor maker Foster's Group Ltd is expected to continue selling its wine unit even as it has returned to growth after more than a year of decline.

Orica Ltd, the world's largest industrial explosives maker, says the demerger of its DuluxGroup paint and garden products business in Australia is worth the millions in transaction fees.

In search of stand-out stocks in a market gripped by fear and bearish technical signals.

The iron ore boom powered by China is rapidly going cold, holding out the prospect that if this trend continues, Austral...

China's trade surplus jumped sharply in June, a development that will get all the American loudmouths yapping again abou...

Global stocks rose on Friday, recording their best week in nearly a year, as risk aversion eased.It was a reversal of th...

Commodity prices may have had a good run last week, but that improved tone may not last with news that China's imports o...

Growth in Asia will dominate the coming week, with China and Singapore revealing second quarter growth estimates.China r...

Data released on Saturday showed that China´s trade surplus widened from US$19.5 billion to US$20.02bn in June, well above forecasts for a surplus near US$15.6 billion.

The Australian wine industry had its first opportunity to learn about organic wine production last week at the industry's major triennial event, WineTech in Adelaide.Organic representative group Biological Farmers of Australia (BFA) joined biological farm input manufacturers to highlight the quality...

The National Heart Foundation of Australia today congratulated the Victorian Government on its commitment to introduce mandatory provision of kilojoules on menus of large fast food chains and called on other Australian Governments to follow the move."If accepted nationally, we believe this initiativ...

A snapshot of economist responses to today's housing finance data and the inflationary case for a rate hike next month.

The market agrees oil prices will head higher as the global economy recovery and market fundamentals improve, with RBS Australia offering its preferred list for playing the sector.

Spending by Australians on charge and credit cards including advances increased in May according to the Reserve Bank of Australia, who said $19.631 billion was spent during the month.The amount spent in May on charge and credit cards rose from $17.960 billion in April, whilst the number of transacti...

Growth in Western Australia is set to explode, with forecasts by the Western Australian chamber of commerce predicting 4.5 per cent growth in the current financial year, and a leap to 6 per cent in the following financial year.The Chamber of Commerce and Industry says Western Australia has performed...