Erik Pineda

The operational marriage between the Australian Securities Exchange (ASX) and the Singapore Exchange (SGX) is in line with the national interest of Australia.

Reports published by a British newspaper over the weekend have suggested that mining giant Rio Tinto Ltd is eyeing Sydney-based Riversdale Mining Ltd for a billion-dollar acquisition deal.

Consumer advocacy group Choice is launching its new comparison website, called the Compare, Switch and Ditch, that it said would enable Australian bank clients to consider more banking services and change provider when necessary.

Two giant resources companies are poised to join forces and combine their resources in exploring the mineral riches of China in a joint agreement announced on Friday.

Again proving their worth as industry leaders in automotive sales, Toyota Motors and sports utility vehicles led the pack anew in the overall motor vehicle sales in November that slightly boosted Australia’s car market in the month.

Western Australia is set to receive a windfall of up to $350 million from both BHP Billiton Ltd and Rio Tinto Ltd as the two giant mining firms’ proposal of integrating their iron ore operations in Pilbara won the nod of the state parliament.

The Australian competition watchdog called on Prime Minister Julia Gillard to oppose the national broadband network blueprint of establishing a forced monopoly by allowing only the construction of 14 interconnection points when the country requires at least 200 to efficiently access the superfast information highway.

Striking an out-of-court settlement on the celebrated sexual harassment case against David Jones Ltd was only appropriate, according to the luxury retailer.

Qantas Airways Ltd is seeking for financial compensation on losses it incurred due to the Airbus engine troubles that hounded the airline’s numerous flights and forced its entire A380 fleet from flying for a number of weeks on November.

BHP Billiton Ltd acted too slow for public convenience in submitting its formal response on environmental concerns about its proposed mining expansion at Olympic Dam in South Australia.

The federal government needs to define its exact policy on carbon pricing, skilled immigration concerns and the controversial mining tax in order to lend some level of certainty in the Australian economy.

Mobil’s decision to sell its fuel terminal in Gladstone, Queensland to Caltex Australia Ltd could potentially harm the imported diesel and petrol market in the area.

The Trent 900 engine that powers the Airbus A380 superjumbos could be afflicted with manufacturing defects that could lead to engine failure and a potential mid-air disaster.

Australia’s trade surplus breached the $2 billion median market forecast in October, which prompted economists to muse that the country’s expert sector would maintain its robust standing in the months to come.

Giant retailer Coles Supermarket has bemoaned of the protracted five days shutdown spread throughout the two-week long holiday break for business establishments this December in South Australia.

Airbus is all set to deliver three freshly-built A380s to Qantas Airways this December and future deliveries, according to the aircraft manufacturer, would be fitted with new engines and meet completion target at the same time.

As calls for the establishment of a fifth pillar in the Australian banking industry grow, the country’s credit unions and building societies appear to be heading into a collision course with major banks as the former urged the federal government for financial guarantee so they can effectively compete against the giant financial institutions.

Queensland needs to swing-open its doors to uranium mining and with the state government playing deaf and blind on that emerging reality, cross-sectoral voices are training their attention on federal Labor stalwarts to overturn the state’s standing ban on uranium exploration and nuclear energy.

The Australian Taxation Office (ATO) ruled with finality on the question of asset sales tax dues for private equity firms, upholding an earlier draft decision that gains from such transactions must be subjected under the income tax provisions.

Federal subsidies on household rooftop solar panels will soon come to an end as the Climate Change Ministry announced the earlier withdrawal of the energy credit scheme, claiming that state and territory government would instead assume the burden of supporting renewable energy costs.

Federal Treasurer Wayne Swan maintained his stance that the Australian economy remains resilient despite the mere 0.2 percent growth it posted in the September quarter, admitting that road bumps may be present but the country’s economic fundamentals and growth prospects are solidly in place.

Up to 5000 bank clients of National Australia Bank (NAB) flooded its official website to file damage claims arising from NAB’s computer system glitch that started on Wednesday morning last week and extended onto the early part of the current week.

Global telecommunication firm Vodafone Group is welcome to the idea of a national broadband network in Australia as the company reportedly prodded the federal government early this week to continue on with the project’s full implementation.

Despite the recent scare episodes on a number of its flights in November, Qantas Airways Ltd still managed to raise its passenger traffic prior to the incidents as the Australian national carrier revealed that more domestic and international travellers took Qantas flights in the month of October.

Australian rock lobster exporters are being punished by China for avoiding tax duties on their products, according to an export specialist, who added that the seafood industry has been deliberately dodging Chinese authorities for some time now.

Flamboyant Virgin Group owner Richard Branson has decided to re-enter the media business via the glossy electronic magazine Project, which is exclusively intended for the iPad and purportedly targeting millions of audience currently owning the now ubiquitous Apple gadget.

ACT shift workers are now set to celebrate Christmas Day with their loved ones as the ACT government officially declared that December 25, which falls on a Saturday, is a public holiday.

Shoppers be warned as ‘fresh produce’ sitting on Australian supermarkets shelves could have been there for almost a year, with the consumer advocacy group Choice calling on consumers to be vigilant on their shopping trips.

The latest economic pronouncements of Reserve Bank of Australia (RBA) governor Glenn Stevens are acts of veiled criticisms on the economic policies of the Labor-led federal government.