Qantas has advanced the delivery date of the first set of the state-of-the-art Boeing 787 Dreamliners by a couple of years, indicating the company’s confidence in the recovery of air travel demand.
Arrow Energy Ltd. said it has not formally received an approved offer from China's state-owned PetroChina of its bid to acquire the A$3.5 billion ($3.1 billion) Australian coal-seam gas producer.
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.
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.
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.
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.
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 second-largest airline Virgin Blue has postponed its relaunch until early next year as it seeks to resolve a long-running dispute with largest shareholder, Richard Branson, over its plans to own the Virgin name.
Jetset Travelworld has not been able to meet a self-inflicted deadline to justify to shareholders why they should approve a $440 million merger with Stella, Australia's largest travel retailer.
Tiger Airways' ambition to increase activity in Australia is set to put pressure on budget carrier Virgin Blue Holdings Ltd's market share.
Foxtel has dropped its plan to offer exclusive content to Telstra broadband subscribers.
Australian Prime Minister Julia Gillard said she is amenable to discuss a disputed natural gas project in East Timor to gain support for asylum seekers.
BHP Billiton-Mitsubishi Alliance and Prime Infrastructure Group shut berths at two terminals of the Hay Point port, the world's biggest export harbor for coal, to carry out planned maintenance.
National Australia Ltd.'s bid for AXA Asia Pacific Holdings faces a new setback as the regulator shelved its decision until September.
Auckland International Airport Ltd. will invest NZ$27.7 million ($19 million) buying a 25 percent stake in Queenstown Airport, which has the nation's fourth-largest number of international visitors.
A widely monitored construction activity private index takes a turn for the worse this June, ending three straight months of progress.
After a year of NBN talks with the Government, Telstra chief executive David Thodey says he now has its sights set on diversifying the business and satisfying unhappy customers.
Macquarie Telecom Group claims its preliminary full year results have come in above guidance.
International passenger traffic on Australia’s airports saw a sluggish growth in April as fresh government figures showed that a total of 2.059 travellers passed through in and out of the country in the month, which is a 4.2 percent improvement from the 1.976 million posted on the same corresponding month last year.
Telstra Corporation Ltd, the Australian telecoms giant, has defended its intentions of offering exclusive content via Foxtel, provider of pay television, asserting that the deal was done at “arm’s length” and rejecting claims of non-competition reported by Fairfax.
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.
Alcatel-Lucent has been granted a profitable contract to provide critical fibre optic equipment for the $43 billion national broadband network.
Telstra chief information officer John McInerney has stepped down effective immediately, as the company plans to merge two IT divisions.
The federal government has expressed confidence that Telstra would eventually become a partner for its national broadband network project which should reduce its mammoth cost once the rollout begins.
The $25 million study on the national broadband network commissioned by the federal government has revealed on Thursday that the project is doable within the allocated $43 billion budget and should be up and running within its eight year time frame.
Mobile company Vodafone Hutchison Australia (VHA) has announced Thursday that it has acquired the services of Nokia Siemens Network to run the company’s network operations which covers equipment supply and service management.
Vodafone Hutchison Australia (VHA) is upbeat that its stellar performance since the company’s formation in June 2009 will be sustained down the line in 2010, as the country’s third largest telco announced on Tuesday that it has started working on long-term branding and network strategies.
China has announced on Tuesday that it is set to require telecom operators and internet service providers to report and cooperate with state security officers on possible leak of state secrets, as the country moves further to tighten its grip on communication facilities and discourage political dissent.
Opposition senators have called on the federal government to release the $25 million study on the $43 billion National Broadband Network (NBN), which has been touted by the government as Australia’s largest infrastructure undertaking to date.
Telstra has announced plans to impose an additional 20 cents charge on competitors accessing the company’s copper network, and raising the possibility that consumers will soon foot much higher internet and phone bills.
