The Commonwealth Bank (ASX: CBA) has reduced interest rates for one and three-year fixed interest rate home loans by 0.16 percent.
Australia's oil and gas firms have launched an information campaign to convince the public of the benefits of CSG and erase negative public perception of the industry.
Mining firms Rio Tinto and Anglo American Plc will divest their combined 74.5 equities in Palabora Mining Company Limited, whose principal asset is a copper mine in South Africa.
NASA is set to change the way cargoes are transported by air. Soon, there will be airships. In terms of gas emissions, NASA's airships could be the most eco-friendly freight carrier.
National Australia Bank (NAB) is in merger discussions with NBNK, a UK group that plans to bid for Lloyds Banking Group's 632 branches.
Local carmakers are bearing the brunt of the continued onslaught of imported vehicles that flood the domestic market, according to the latest statistics released by the Federal Chamber of Automotive Industries (FCAI) on Monday.
Google and Facebook have urged people to sign up using only their real names while those who use aliases are banned. Although internet analysts see only commercial goals, such as users-advertisers matching, as a reason behind this move, dissuading the use of aliases might prove some good points to consider.
An online survey released Monday found that 46 percent of Australians favor the government planned 30 per cent minerals resource rent tax (MMRT). The survey by Essential Research said 34 per cent are against the MMRT, reported the Herald Sun.
Auto dealership Rick Damelian Group has been put on receivership after raking in $80 million worth of debts.
Australia's retail sector continues to suffer from the economic downturn, with high-end clothing store Satch as the latest victim. Satch Clothing was placed under administration on Thursday.
Samsung was forced to pull out the Galaxy Tab 7.7 from the world's largest consumer electronics show after a court in Germany promptly granted Apple's request for an injunction. This was the same court that gave a ban of the sale and promotion of the Galaxy Tab 10.1 in 26 of the 27 European Union member countries, although the ruling was scaled back only to Germany on jurisdictional issues.
Toyota was Australia's best selling brand in August as the industry's vehicle sales went up 7.3% month-on-month. On a year-to-date basis however, auto sales in Australia is still down 4.4 %
Navantia, the Spanish shipbuilder undertaking the construction of Australia’s new Air-Warfare Destroyers (AWD) and two amphibious ships (LHD), says it will establish a wholly-owned Australian entity under the corporate name, Navantia Australia Pty. Ltd.
Navantia, the Spanish shipbuilder undertaking the construction of Australia’s new Air-Warfare Destroyers (AWD) and two amphibious ships (LHD), says it will establish a wholly-owned Australian entity under the corporate name, Navantia Australia Pty. Ltd.
Business confidence has taken a beating in Western Australia, with many small businesses concerned that people are not spending.
The decision of Telstra bosses to give themselves huge pay rises is an insult to staff battling uncertainty and pay rises that don’t keep up with inflation, the Communication Workers Union said today.
Westpac's subsidiary brands, St. George, BankSA and Bank of Melbourne have cut two-year fixed rates on their package products by 15bps to 6.44 per cent, and reduced their three-year rate 5bps to 6.54 per cent.
Australia's Retailers Association's executive director Russell Zimmerman, has appealed for the abolition of paying employees time-and-a-half on Saturdays and double-time on Sundays, to maintain the industry's competitiveness amidst the backdrop of a low consumer spending environment in the country.
For the year 2010/11, Australia's mining industry is expected to pay the federal and state governments a total of $23.4 billion in taxes and royalties.
Smaller online stores in Australia are complaining of bullying tactics adopted by retailers, according to online giant eBay which submitted an inquiry with the Productivity Commission (PC).
In spite the persisting low consumer demand, Australian companies have recorded a 6.7 percent growth on their gross profits, according to the seasonally adjusted data from the Australian Bureau of Statistics.
Alastair Macdonald, TCC regional director, Australasia, said the company has secured the global license for loyalty promotions in the grocery, convenience and petrol retail category for the Angry Birds game franchise. This means Angry Birds, Angry Birds Seasons and Angry Birds Rio may be used in the said establishments' loyalty promos to attract shoppers of any age, gender and profession.
James Murdoch declined a bonus amounting to almost $US6 million ($5.63 million) because of the phone hacking scandal at the defunct UK newspaper News of the World. He was supposed to get a payout of $US17.9 million, inclusive of the $US6 million bonus and $US8.3 million in stock awards. James' bonus was set to increase his compensation package by 74 per cent. Without the bonus, his remuneration will rise 16 per cent to $US11.9 million.
QR National has signed an agreement with eight coal companies for the construction of the $900 million Wiggins Island Rail Project to a new export terminal at Gladstone, South Australia
Australia's employers have opted to advertise online rather than on newspapers, according to the latest survey conducted by ANZ Bank, which showed a a monthly and annual decline indicative of a persistent sluggish economic growth.
Analysts forecast on Monday that the Reserve Bank of Australia will not increase interest rates for the rest of 2011. They based their prediction on reports that inflation rate dropped 0.1 per cent in August.
The roller-coaster movement of share market values over the past 10 years were generally unpredictable for investors but such is not the case for most of Australia’s chief executives, who according to a new report were largely shielded by solid pays and bonuses notwithstanding the overall economic condition.
Passengers of Jetstar who flew with a dead Kiwi male on board the trip from Singapore to Auckland were offered by the air carrier $100 as compensation. The offer was in the form of travel vouchers.
Police officers confirmed on Friday that they had helped Apple search for a "lost item" in a San Francisco residence but did not find anything.
A welcome lift in new orders and sales took the services sector into positive territory in August according to the latest Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (Australian PSI®). The seasonally adjusted index rose 3.3 points to 52.1 in the month (readings above 50 indicate an expansion in activity).
