Due to large amounts of rainfall this May, farmers of New South Wales are expecting some record-breaking harvest amounts for this winter, the NSW government has said.
A sluggish morning trading affected Australia's stock market S&P/ASX 200 Index as it declined 0.3 percent to 4,397.50 as of 12:48 p.m. in Sydney. New Zealand's NZX 50 Index shed off 0.3 percent to 3,004.56 in Wellington.
Minara Resources has reported its share of nickel produced at the Murrin Murrin mine in Western Australia slumped 15 per cent both on quarter and from the previous year.
Mineral sands explorer Iluka Resources Ltd said on Tuesday that the company’s expected rutile production output from its Murray Basin Stage 2 project in Victoria would be a bit lower as compared to the announced forecast made in February.
Australian companies are set to deal with higher finance rates as the major banks reprice business loans.
National Australia Bank may pump up to 387 million pounds ($A664.79 million) more into its British arm Clydesdale amid increasing pressures from UK regulators to aid local units .
Heavy equipment specialist Emeco Holdings Ltd said on Tuesday that the company’s annual net profit should reach the lower rung of earnings guidance previously announced, effectively matching its targeted range of $40 million to $41 million and only $3 million shy from the maximum $44 million earlier set.
Queensland premier Anna Bligh has confirmed industry talk the state government has been encouraging proponents to combine projects.
Canadian Ivanhoe Mines insists its shareholder rights plan does not violate any of British-Australian Rio Tinto's existing contractual rights.
Australia's major banks are feeling the squeeze of rising funding costs but refuse to increase mortgage rates until after the federal election.
DuluxGroup Limited has performed solidly on its own in its ASX (Australian Securities Exchange) debut on Monday.
The total value of charge and credit card transactions, plus advances, posted at $19.631 billion last May, according to figures released by the RBA (Reserve Bank of Australia) on Monday.
Victorian Premier John Brumby today cut the ribbon on Unibic's new $44 million biscuit and cake facility, which will produce Unibic's whole range, including the new Harvest Kitchen Soft Centre biscuits.The new purpose-built facility is capable of producing 4.5 tonnes of goods per hour, and includes ...
New findings indicate that cocoa flavanols, the bitter antioxidants in cocoa beans, may be an important part of a healthy diet for people with cardiovascular disease, according to research by a team of researchers, including scientists from Mars.The study examined cells called CACs, circulating angi...
National Farmers' Federation President David Crombie today warned that food scarcity is a reality that all Australians will need to face.“Australians need to brace for a future of higher prices for life’s essentials. It’s an inevitable consequence of more mouths to feed and less food to go aro...
One of the largest global managers of fixed income securities, Pimco, says that Australia now offers the most investment opportunities in the developed world.During one of its regular updates to the global bond markets, David Fisher who runs global product management for Pimco also said there was a ...
A research analyst with Macquarie Equities Research says he believes that Australian banking major National Australia Bank will be the first lender to raise its rates after the election.According to The Australian, banks will likely raise their interest rates prior to the Federal election, but accor...
Mining industry service contractor WDS Ltd said on Monday that it has secured a two-year contract from BHP Billiton to carry out the resource giant’s longwall block management and outbye services of its Illawarra Coal’s Dendrobium mine site in New South Wales.
India's biggest coal importer, the Adani Group, was picked to develop an export fuel facility in Australia, reports said.
Australian mining firm Grange Resources Ltd said on Monday that it has sealed a considerable pricing agreement with BlueScope Steel Ltd for its magnetite iron ore pellets from the company’s Tasmanian mining site and deliverable within the September quarter.
Asian stocks rose, led by Japanese exporters and commodity producers. The MSCI Asia Pacific Index rose 0.2 percent at 116.46 as of 1:03 p.m. in Tokyo, extending a two-day, 2.6 percent rally.
Canadian mining firm Ivanhoe Australia Ltd announced on Monday that the Foreign Investment Review Board (FIRB) has granted its application to takeover the Osborne copper and gold exploration project in Queensland from Barrick Gold Corporation, currently the world’s biggest gold explorer.
The ARA (Australian Retailers Association) has given out a warning to retailers to speed up the new award salary payments, as the Fair Work Ombudsman starts its rounds on randomly picked stores across Australia.
Australian pharmaceutical firm, Sigma Pharmaceuticals Ltd., that has lost more than half its market value this year, said it is willing to work a better deal with Aspen Pharmacare Holdings Ltd. to have a better offer.
Resource company North Queensland Metals Ltd (NQM) said today that it is rejecting the takeover proposal of Conquest Mining Ltd, citing that its joint venture partner at the Pajingo gold mine site in Queensland, Heemskirk Consolidated Ltd offered a much superior bid.
Australia's S&P/ASX200 was little changed at 4,396.40 as of 10:41 a.m. in Sydney. New Zealand's NZX 50 Index was little changed at 3,005.38 in Wellington.
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 surfing RTW retailer, Billabong has announced plans of acquiring a California-based “progressive” clothing label, RVCA, for an amount yet to be disclosed.
