Commonwealth Bank has given hints that it may increase interest rates even before the central bank makes its move to jack up cash rates.
Bank of Queensland (ASX: BOQ) saw its shares soaring on Thursday following its revelation that the bank’s yearly net earnings surged by five percent on the back of reduced costs and positive outlook for the remaining months of 2010.
Rising mining giant Fortescue Metals Group Ltd (ASX: FMG) reported on Thursday that it saw a seven percent slip on its September quarter iron ore shipments though the quarterly results exceeded previously set projections.
Australian mining firm Indophil Resources NL is most certain that a Philippine-based partner for their world-class mining reserve project is the way to go.
Coal explorer Northern Energy Corporation Ltd (ASX: NEC) is thwarting the $193 million unsolicited takeover bid by New Hope Corporation (ASX: NHC), calling the proposal as inadequate and materially undervaluing the firm.
The falling out between Bendigo Mining Ltd (ASX: BDG) and BCD Resources NL (ASX: BCO) resulted to an expected business split as the former confirmed on Thursday that the planned merger between the two companies has been ditched following the deterioration of a rift that started over a loan default.
The Australian stock market is seen to benefit from the gains of the S&P 500 index and futures, which both bounced back reflecting the Federal Reserve's decision to ease up on its fiscal policy.
Kristy Fraser-Kirk has reportedly rejected a revised $8 million offer to settle her sexual harassment case against Australian department store David Jones Ltd.
Qantas Airways Ltd believes that the current solid standing of the Australian dollar would result to better profits for the airline but it admitted that the tourism industry would eventually feel the crunch of the surging currency.
Australian oil and gas firm Woodside Petroleum Ltd (WPL.AX) has launched a hunt for a new boss after its chief executive Don Voelte announced he will step down in the second half of 2011.
Base metal miner Copper Strike Ltd (ASX: CSE) advised its shareholders on Wednesday to hold off any action on the $14.3 million takeover proposal pushed forward by Kagara Ltd (ASX: KZL), calling the offer as highly opportunistic.
Iron ore mining firm Fortescue Metals Group Ltd (ASX: FMG) confirmed on Wednesday that it has been conducting negotiations with several financial groups following reports published by the Australian Financial Review that the company is mulling a capital raising of up to $US6 billion or $A6.11 billion.
Yielding a lower ore grade in the September quarter, uranium explorer Energy Resources of Australia Ltd (ASX: ERA) announced on Wednesday that it would have to pare down its production guidance for the year 2010.
Adelaide will soon roll out freshly assembled Holden Cruze by 2011 as GM Holden Ltd said on Wednesday that its new facility in the area will commence production of a local version of the popular small car model.
JB Hi-Fi Ltd (ASX:JBH), an Australian electronics and home entertainment retailer, said first-quarter sales rose 12.2 percent from a year earlier but were about 5 percent behind its target.
Shares of ASX-listed mining firm Conquest Mining (ASX: CQT) has steadily climbed with the lifting of its trading halt that coincided with its announcement of securing a $45 million institutional placement.
Investments in gas-fired power plants may double and reach close to $15 billion in the near term if Australia starts to implement a stiff price on carbon emissions, Fitch Ratings said.
Australia's S&P/ASX 200 is expected to ease from its early rally this week, as investors are wary of China's economic performance. Analysts said though there will be a positive push from the turn of events in the US with the Federal Reserve's decision to temper its fiscal policy, this will not easily avert the dampened mood that may set in today.
Mineral explorer Conquest Mining Ltd (ASX: CQT) entered trading halt on Tuesday and would remain in such state until Thursday pending the announcement of the $100 million capital raising that would finance the development of the company’s Mt Carlton gold, silver and copper project in Queensland.
Australia's economic growth may be eroded by local banks' preference toward household lending over business loans, a National Australia Bank Ltd. executive warned.
Following the announcement of its new debt facility on Monday, Fortescue Metals Group Ltd (ASX: FMG) drew mixed reviews from Deutsche Bank and Macquarie, with the latter offering a positive outlook for the iron ore miner it now calls as the third force in the iron ore industry.
The Adelaide Airport had a brief security concern this morning when a man suddenly broke in with his car crashing into the tarmac. The man suspected of drunk-driving or mentally ill has been subdued by the airport police moments after the said incident.
The offer document of QR National float, the biggest public share offering since Telstra’s privatisation in 1997, has been made public on Tuesday where the Queensland government is anticipating a fund raise that could go beyond the $5 billion mark.
As the country struggles to retain its global competitiveness but retaining its current energy production levels to sustain local industries, the Australian Parliament has chosen to put a price on coal emissions.
The Beaconsfield gold mine of BCD Resources Ltd (ASX: BCD) could be in danger of entering receivership should it fail to repay a $5 million loan it acquired from Bendigo Mining Ltd (ASX: BDG).
Business confidence remains high albeit a very slight tinge of wariness in the country's business sector. This is according to the latest of the National Australia Bank's quarterly business survey published today.
The Adelaide Airport had a brief security concern this morning when a man suddenly broke in with his car crashing into the tarmac. The man suspected of drunk-driving or mentally ill has been subdued by the airport police moments after the said incident.
Virgin Galactic's suborbital spaceship has made its first solo glide flight from Mojave Air and Space Port in California, as it continues to undergo very strict testing before it can carry tourists to space.
Australia's biggest sexual harassment case may be ended this week if both parties agree on the terms that plaintiff Kristy Fraser-Kirk and defendants David Jones company officers and former CEO Mark McInnes.
Virgin Blue Holdings Ltd (ASX: VBA) said on Monday that total loss incurred on its computerised reservation system crash last month could run from $15 million to $20 million.
