Virgin Blue Holdings Ltd has acknowledged that it is experiencing slow down in sales and to address the slump, chief executive John Borghetti is training his eyes on business class flyers, looking at the possibility that the budget carrier could entice other market segments apart from its existing revenue base.
An airline has picked Melbourne and Auckland as the first long-haul destinations for its Singapore hub operations.
The newly appointed chief executive of Tasmanian timber company Gunns told media on Wednesday that recent interest sought by foreign investors spells a good sign for the company.
A survey shows that almost one third of Australian banks employees are worried about their customers' ability to repay loans while half admitted they are pressured to force on customers for more credit even when they were not requested.
Prime Minister Kevin Rudd will formally discuss his proposed resource super profit tax on Wednesday in resource-rich Western Australia today.
Commuters in Sydney’s Inner-West area will have more options of public transport within two years. The Government has budgeted $55 million to fast-track its light rail project which is expected to commence within this year.
Residential dwellers near south of Brisbane have complained about a hazardous waste incinerator near their homes.
Greater Bendigo Gold Mines Ltd (GBM) announced today it has signed an option to purchase the Bendigo Creek Tailings Project at Huntly, approximately 10 kilometres from Bendigo.
Business confidence in the country dropped for three straight months in May. Survey results suggested major factors affecting the economy like high interest rates and a lower Australian dollar with the European debt crisis, giving doubts of a global growth outlook.
Australia is nearing the height of its V-shaped recovery from the global financial crisis, said the longest-serving current board member of the Reserve Bank of Australia (RBA), who added that Europe would eventually give up on euro over the long term.
Construction and engineering company Valemus Ltd said today that recent declines on the Australian Stock Exchange (ASX) have effectively slashed the value of its planned listing as its German parent company pushes its sale through an initial public offering (IPO) with value of up to $1.39 billion.
The South Korean manufacturer Hyundai in the Australian division announced the launch of the 2011 Grandeur yesterday. The latest Grandeur is a modified and fine-tuned version of the existing model. The transformations are not that massive and mostly engaged in visual issues and trim levels, but Hyundai hopes the car will be given a new charm with the facelift.
Newcrest Mining disclosed on Tuesday it has completed its due diligence on Lihir Gold for its $9.5 billion takeover bid, and will finalize its contract with the target.
The Queensland Government and the Opposition argued in a Parliament meeting today on a discussion with the State budget.
Transport and logistics company Toll Holdings Ltd said yesterday that it has acquired the Asia-Pacific express air freight business of Qantas Airways Ltd and negotiations are underway too for the possible purchase of DPEX Group, also owned and operated by Qantas.
Agribusiness Elders Limited disclosed on Tuesday it failed to finalize its bank finance from the Rural Bank to lure in potential investors in their Forestry 2010 managed investment scheme project.
The Australian Securities and Investments Commission has responded to media claims on clearing its public information with a “technical oversight” despite that the documents were dated for more than a decade ago.
The National Australian Bank brushed off claims that it feels under pressure to participate in the consolidation of the banking sector in Britain. A representative for NAB said the bank is comfortable with its position in a foreign country.
Three Western Australian regions have made it to the top list for construction of new homes.
US-based Tenet Healthcare Corporation has withdrawn its takeover offer for Australian private hospitals operator Healthscope Ltd.
A Labor representative comments that Prime Minister Kevin Rudd will negotiate the “muddy waters” surrounding his proposed super profits tax the same way he handled Australian's response to the global financial crisis.
Internet giant Google has flat out denied claims from Communications Minister Stephen Conroy that its Street View Cars can capture people's personal banking details.
Most of the nation’s farmers have doubts over the progress of agribusiness in the country; losing confidence as commodity prices dropped. Quarterly survey conducted by Rabobank Australia showed that Australian farmers have expressed worries on falling commodity prices.
Western Plains Resources Ltd has announced Monday that it is set to sell nine million tonnes of iron ore over the next five years from its South Australian Peculiar Knob project, with a definite agreement to be inked within months.
Austal is likely to build two more joint high speed vessels (JHSV) for the US Navy after it exercised contract options to fund a long lead-time equipment associated with the construction of two additional 103 metre JHSV.
The New South Wales government plans to have two cuts to payroll tax for next year to urge business expansions and growth in the region.
US Treasury Secretary Timothy Geithner has called on China to allow its currency to appreciate and take its true form, integrating the policy to a much wider economic reform that would free up Beijing from too much dependence on exports and encourage domestic demands for its products.
Private companies are eyeing expansion plans and growth this year as a recent survey revealed most companies hold positive outlooks for the economy. The survey showed that the number of companies planning for development and growth has dramatically increased in mid-term.
Foreign Investment Review Board (FIRB) has approved an investment agreement between Western Australian sandalwood grower TFS Corporation and a US-based institutional investor.
Governor Glenn Stevens of Reserve Bank of Australia is advised to inform a rate rise halt when he speaks later this Wednesday at Castle Hill, in the heart of north-western Sydney's mortgage belt.
