John Wilson, Stock Broker at Morgans Financial, says persisting demand and false expectations for prices to remain stable are leading big miners to ramp up production.» Read More
Telstra, Australia's largest phone company, beat expectations with a 13 percent increase in first-half profit, helped by rapid mobile phone and broadband subscriber growth, and lifted its 2008 guidance.
The President of China's state-owned Chinalco remained remarkably cool under pressure during a Sydney press briefing earlier this month despite the figurative and literal glare of the media spotlight.
Foster's Group, Australia's biggest alcoholic drinks company, posted its slowest growth in first-half net profit in several years on Tuesday, as U.S. wine sales slumped and the strong Aussie dollar crimped earnings.
AMP Ltd, Australia's top pension administrator, missed estimates with a 10 percent rise in full-year underlying profit, but said it was well positioned to grow despite current market volatility.
ASX Ltd, operator of the Australian stock exchange, broadly met market expectations with a 35.4 percent rise in first-half profit on record revenues from its cash equities business.
Upmarket Australian department store chain David Jones posted a 9.3 percent increase in second-quarter sales, lifted by a bumper Christmas season, and raised its first-half profit growth forecast to between 23-25 percent.
Australian medical centre operator Primary Health Care reported a 23.7 percent fall in first-half net profit, hit by the interest costs of buying a 20 percent stake in its takeover target Symbion Health.
Macquarie Group, Australia's top listed investment bank, named Nicholas Moore as its new chief executive to replace outgoing CEO Allan Moss, and forecast a record full-year profit.
Australian financial services firm MFS said on Monday it will sell a 65 percent stake in its Stella tourism business to private equity firm CVC Asia Pacific, raising enough cash to meet its short-term debt obligations.
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Australia's core inflation rate accelerated to its fastest pace in 16 years last quarter, adding greatly to the domestic case for a rise in interest rates even as turmoil in global markets seemed to argue against one.
Australian financial services firm City Pacific dropped its $1.1 billion plan to buy the management business of rival MFS after financing worries saw MFS shares' plunge.
Australia's producer prices rose by less than forecast last quarter as falls in the price of food and imported electronics helped temper rising fuel and construction costs, taking some steam out of inflation fears.
MFS, an Australian financial services and property group, said on Friday it would split its businesses into two listed companies, possibly clearing the way for rival City Pacific to buy its funds management business.
Allegiance Mining has rejected a takeover bid of up to $654 million from fellow Australian miner Zinifex, saying the offer was inadequate.
Employment in Australia recorded another solid rise in December while the jobless rate fell by more than expected, underlining a domestic case for a rise in interest rates, even as a troubled global outlook argued against one.
Australian carrier Qantas Airways said on Thursday that a delay in the delivery of its Boeing 787 Dreamliner planes won't affect earnings or strategy, but it will be seeking compensation.
Australian consumer sentiment soured in January as rising petrol prices and borrowing costs combined with sliding equities and global gloom to take the gloss off an otherwise robust economy, a survey showed on Wednesday.
Australian financial services and property group MFS, target of a takeover bid from rival City Pacific, said on Wednesday it was considering separating its Stella tourism business from its financial services division.
Shopping mall owner Centro Properties Group, a high-profile Australian casualty of the global credit crunch, warned on Tuesday it may have more debt to refinance than it previously said, sending its share price down by nearly half.