Australia’s Big Four banks could end the practice of discounting offered mortgage rates to their customers, as they seek to lessen the impact of higher wholesale funding costs.
The Australian government has announced it is open for discussions with the mining sector over the controversial resource super profits tax and is anxious to resolve the matter as quickly as possible.
Ford Falcon celebrated its 50th year of inception on Monday as company workers, friends and family gathered in Ford Australia’s Broadmeadows plant in Melbourne to witness the showcasing of Falcon’s evolution, from the initial model XK Falcon down to its latest 2010 limited edition series.
New Prime Minister Julia Gillard seeks a quick agreement with miners over RSPT in order to counterbalance the issue at this year's general election, according to newspapers.
Shares of Iron Ore Holdings Ltd., fell as much as 21 percent to A$1.395 on the Australian stock exchange and traded at A$1.475 at 12:04 p.m. Sydney time.
Publicly listed law firm Slater & Gordon announced on Monday that it is acquiring Trilby Misso Lawyers Ltd for $57 million, declaring that the purchase should bolster the firm’s strategic goal of leading the country’s personal injuries litigation market.
WorleyParsons Ltd has cut a deal to supply engineering services for Brazilian iron ore mining company Vale's S11D project near Sao Paulo in Brazil.
Holden said today that it is set to resume the second production shift of its Elizabeth plant in South Australia by November following its decision last year to reduce production and dump the two-shift production day scheme citing difficulties brought by the global financial crisis.
Wattyl, which has a market capitalisation of $107m, has accepted a $142 million takeover proposal from Valspar, the Sydney-based company announced today.
Photon Group founder Tim Hughes will step down as executive chairman after the company announces a trading update today.
The Phillips River gold project is not likely to be cancelled if the resource super profits tax is implemented in its current form, according to Junior gold and base metals explorer Tectonic Resources.
Ford Australia chief Marin Burela is in drive for a greener Ford Territory and more fuel efficient power in its Landmark Falcon, believing that these are among the initiatives that will uphold the company's fortunes in Australia.
Starting Thursday this week, the Australian Securities and Investments Commission (ASIC) will be granted the authority to void skyrocketing home loan exit charges that are not directly related to expenses banks actually shouldered in closing accounts, a clear benefit for consumers and home owners.
Vodaphone Hutchison Australia has started on a multi-million-dollar exercise that will see all 93 of VHA's 3 mobile stores revamped as multi-branded Vodafone and 3 stores.
Telstra intends to acquire companies with software capabilities and product development as it
seeks to chart a new course to focus on digital households and customer services, David
Thodey, chief executive officer of Telstra said.
Chinese consumers' growing thirst for premium Western Australian wine has led to a new book profiling top local wineries.Agriculture and Food Minister Terry Redman will tonight launch the ‘Western Australia Wineries' book, as part of a WA wine masterclass in Shanghai. The publication is printed in...
Fonterra Australia has launched a new incentive payment which provides returns to all Victorian and Tasmanian suppliers, gives improved cash flow through the season and enhances the popular Seasonal Ratio Payment (SRP) with up-front payments.Fonterra's National Milk Services Manager, Heather Stacy, ...
Some of the biggest names on the world food scene are heading to Sydney this October for the Crave Sydney International Food Festival, including some of the hottest stars from the World's Best Restaurants list.Festival Director Joanna Savill today announced the extraordinary line up fronting the Wor...
Cold Rock Ice Creamery is embracing the social media revolution by using Facebook and Twitter to communicate with its customers.The national ice cream franchise, which has an official Cold Rock Facebook fan page, is encouraging franchisees to set up their own fan pages to give customers exclusive co...
Lenders offering the most competitive interest rates, and mortgage borrowers will be amongst those who benefit the most from the proposed Australian federal government ban on unfair mortgage exit fees, according to Australian banking major NAB.
Perth-based Samson Oil & Gas Ltd announced on Friday that it has sealed a binding deal with a large US-based oil and gas producer for large-scale acquisition of the junior company’s US estate to the tune of $US79 million or $A91.5 million.
Mosaic Oil NL announced today that it has sold its Papua New Guinea subsidiary for $US11 million or $A12.7 million in cash to an unidentified company it merely described as a major player in the international oil and gas industry.
Fuel marketer Caltex Australia expected its net profit for the first half of calendar 2010 to reach half of what was earned from the same period last year based on a stronger Australian dollar.
Guinness Peat Group (GPG) director Tony Gibbs said on Friday that the company must abandon its planned spin off on its Australian operation, which it announced last week along with its intention to float Coats Group within the year.
Mining firm Rio Tinto has finally opened its high-tech operations center in Perth today that would remotely control and maneuver the mining giant's network of mines, rail systems, infrastructure facilities, and its port operations in Western Australia's Pilbara.
Shanghai-based Bright Food is on its way to signing a contract with Australian conglomerate CSR over the sale of the latter's Sucrogen. Reports suggested a settlement could be reached as soon as today.
Downer EDI’s Board has announced its appointment of a new Deputy Chairman in the person of Mike Harding today, starting July 1, 2010. Currently, Mr. Harding is non-executive director of Santos Ltd. and chairman of Clough Ltd. He had also held various administrative positions with British Petroleum. Since July 2008, Downer has had him as Director.
Kim Wong, Managing Director of WinTech Group, has accepted court orders that prevent him from leaving Australia until late September.
The Greens have accused Forestry Tasmania for planning to operate a wood chipping project.
Peabody Energy, denied in a bid for acquisition in Australia recently, is still interested in expanding their holdings in the area in order to answer demands in the region and is also working at striking a deal with the Mongolian government, said Gregory Boyce, CEO of Peabody today.
