BUSINESS

Gloucester Coal of Australia intends to raise equity to buy shares in coal mines from its loading shareholder, Singaporean-owned Noble Group, the most recent on a series of deals in the growing coal industry.

Extract Resources Ltd said on Friday that it has sold a 10.3 percent stake to ITOCHU Corporation of Japan, with Polo Resources Ltd acting as the vendor by selling 9.2 percent of its stakes with the company while a Polo subsidiary party agreed to sell the remaining 1.1 percent.

A glance through the latest expert views and predictions about commodities with updates on the corporate attractiveness of Oz nickel producers, signs gold is finding support and an update from BHP's CEO.

A shortage of skilled employees could impede Australia's economic growth, a new report says.

The Australian dollar is likely headed to its biggest gain in nine months as the global economic recovery gradually picks up and investors gobble up higher-yielding assets.

The latest Australian Industry (Ai) Group/Deloitte survey released on Friday showed that the shortage of skilled workers could hamper the country’s economic growth, with up to 34.7 percent of business executives affirming that the problem is indeed a high risk business issue.

Rio Tinto is looking to ramp up projects again after the Gillard government's switch from the resource super-profits tax (RSPT) to the minerals resource rent tax (MRRT).

Macquarie Telecom, the hosting and telecommunications provider, denies retrenching 40 employees in customer support areas.

Toll Holdings Ltd said on Friday that it is set to acquire United Kingdom-based WT Sea Air Group (WT) and Genesis Forwarding Group for a total of $150 million, in its bid to boost the company’s European operations.

Healthcare and industrial products maker Ansell Ltd has created four global business units as a result of its company-wide review, and consequent efforts to grow through acquisitions.

Michael McCarthy, Head of Dealing Asia Pacific at City Index suggests traders should consider buying into the share market for a catch up to the global return of risk appetite.

BHP Billiton Ltd has declined to reveal the total effective tax it will pay under the Gillard government's mineral resource rent tax, according to The Australian.

Santos Ltd is near to signing a $2 billion contract with Royal Dutch Shell involving the sale of a stake in its coal seam gas-to-liquefied natural gas (LNG) project, according to the Australian Financial Review.

Tiger Airways' ambition to increase activity in Australia is set to put pressure on budget carrier Virgin Blue Holdings Ltd's market share.

Foxtel has dropped its plan to offer exclusive content to Telstra broadband subscribers.

We saw more jobs than expected in June; 45,900 new ones were created, according to the ABS.That's unqualified good news...

The International Monetary Fund sees growth in the Australian economy marking time over the remainder of 2010, compare...

Good news for Australian coal exporters, China, the world's biggest producer and consumer, is facing an increasing short...

Lower jobless claims helped Wall Street build on Wednesday's surge as risk appetite continues to return. Dow up 120.

As expected, Boral shares fell sharply yesterday after trading resumed in the wake of the issue to institutional shareho...

Up to Thursday, gold had lost 4.7% since settling at the record high of $US1,258.30 an ounce on June 18.Included in tha...

Incident control centres staffed by a rolling strikeforce of up to 400 specially trained staff will be established across Victoria under a $43.5 million Victorian Government strategy to tackle what experts predict could be the biggest locust plague in the last 75 years.At Epsom north of Bendigo toda...

Whole Foods Market will be the only major retailer in the US to offer Marine Stewardship Council (MSC)-certified, fresh, harpoon-caught swordfish from Nova Scotia this (Northern) summer. This seasonal grilling gem that also happens to be a smart environmental seafood choice will be available at Whol...

Shares in Australian building materials group Boral slumped 9.6 per cent, from $4.89 to $4.40, yesterday after the completion of the $274 million institutional part of its $490 million rights issue.

The Australia 200 CFD Index closed 2.4% higher at 4356.1, with financial, consumer discretionary, energy and material names adding the bulk of the points.

Australian Prime Minister Julia Gillard said she is amenable to discuss a disputed natural gas project in East Timor to gain support for asylum seekers.

Australia is on its way to solid economic growth this year and by the following year even as worldwide growth is heading towards a downside risk as the renewed financial turbulence continued to intensify, that according to the International Monetary Fund (IMF) which released its World Economic Outlook Update on Thursday.

BHP Billiton-Mitsubishi Alliance and Prime Infrastructure Group shut berths at two terminals of the Hay Point port, the world's biggest export harbor for coal, to carry out planned maintenance.

National Australia Ltd.'s bid for AXA Asia Pacific Holdings faces a new setback as the regulator shelved its decision until September.