Holden will hit American roads again after more than 15 years of absence in the region, GM Holden reported on Friday, and the North American incarnation will come in the form of Australia's venerable sedan, the Commodore.
What Happens When the World Economy “Goes Japan”
The Australian government said on Thursday that issuing much affordable cigarette brands in the market was an act of desperation coming from the British American Tobacco Australia (BATA), which recently unleashed a new brand that sells for only $11.50.
Samsung is the king of smartphones for the first quarter of 2012, based on the latest global sales data released on Thursday by Gartner.
St Hilliers Construction, which two months ago won major public housing projects in New South Wales, went into voluntary administration on Wednesday. The move created havoc on the company's building projects in Illawarra, Shoalhaven, Coffs Harbour and Victoria.
Apple will issue a new iPhone version later this year and based on reports that emerged, the hit gadget will come with a bigger screen, ditching the standard screen size that the smartphone has been carrying since its 2007 market debut.
In the last 10 years, Australians have been issuing lesser cheques by over 60 per cent. The Australian Payments Clearing Association (APCA) said the irreversible decline of the cheque is due to a change in consumer preference for electronic payments systems such as the use of debit and credit cards.
Officials of the International Monetary Fund (IMF) are in Sydney to conduct stress test on ANZ, Commonwealth Bank, National Australia Bank and Westpac.
Consumers were not buoyed by the huge rate cut handed down by the Australian central bank earlier this May despite the slight climb in the current month's reading of Westpac-Melbourne Institute Index of Consumer Confidence.
U.S. auto giant General Motors (GM) reportedly plans to halt its advertising presence on popular social media site Facebook, a move that the carmaker said was part of an ongoing review on its marketing approach and expenditures.
Australia's general trading environment is far from being ideal but Coca Cola Amatil (CCA) is upbeat that profit gains will mark the initial half of its calendar 2012, which will be anchored on specific expansion moves.
Credit unions have long been touted as an alternative to banks, though only recently have more and more customers made the switch over to the financial cooperative.
Australia's mining sector continues to gallop, while the rest of the economy trails behind.
A quick preview of the key economic events for the upcoming week!
The unexpected gains in Australia's unemployment rate in April may once again be placed in peril with threats of job cuts in several companies.
Conflicting data...what to believe?
Retailers are hoping that Australians would spend some of their budget handouts on shopping to lift the industry.
Rio Tinto officials have admitted that challenges in the near-term could hamper the mining firm's full-growth capability, chief of which is the increasing cost of producing the company's prime commodities - iron ore and coal.
Economists are forecasting that when the Australian Bureau of Statistics (ABS) releases unemployment data on Thursday, it would show joblessness has risen to 5.3 per cent in April from 5.2 per cent the previous month.
Ford Motor is eyeing growth prospects in the Asia-Pacific region, specifically in China where car sales are expected to reach 30 million units over the next 10 years, reports said.
The future is still bright for Australia beef industry. According to a report released on Monday at the Beef Australia 2012 summit, the country's cattle herd is expected to reach 30 million heads this year. It would be the peak since the 1970s.
The New South Wales (NSW) government said on Monday that it will push through with the North West Rail Link project in Sydney despite the rejection by the federal government of its request for a $2.1-billion financial assistance. It is now seeking private investors to finance the said project
The worst appears to be behind GM Holden, for now, as the carmaker reported on Monday $89.7 million in profits for 2011, largely boosted by the total number of Cruze that hit Australian roads since last year.
The latest building activity data confirmed the warning issued last week by the Australian central bank - that the local housing sector will not be geared to recovery mode, at least in the near term.
Westpac Banking Corporation announced on Friday that it will cut its variable home loan rates by 37 points, in the process keeping 13 points for the bank. However, the bank passed in full the cut in interest rate to business loans.
Victoria's unemployment rate of almost 5.8 per cent is expected to worsen as hundreds of workers in the Australian state lose their work.
No new planes will be added to Qantas Airways' existing fleet as the company embarked on saving measures that will push back the scheduled deliveries of eight Airbus A380s to 2019 at the latest.
South Australian Transport Services Minister Chloe Fox announced on Wednesday that the state has imposed about $218,000 fines on three Adelaide bus contractors because their buses are always late.
Australians continued to enjoy their passion for travel to domestic and foreign destinations which resulted in air carriers, Qantas and Virgin Australia, enjoying high passenger numbers for the month of March.
Manual work proved as the best pay slip booster these days, according to a new national wage report that detailed the compensation benefits currently enjoyed by Australian workers.
