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  • Telstra Profit Is Up 13%, Beats Forecasts Wednesday, 20 Feb 2008 | 6:48 PM ET

    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.

  • Forging A Merger -- Or Not Wednesday, 20 Feb 2008 | 12:02 AM ET
    Rio Tinto

    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 Profit Growth Slows on Weak US Wine Sales Monday, 18 Feb 2008 | 9:16 PM ET

    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's Profit Is Up 10%, But Misses Forecasts Wednesday, 13 Feb 2008 | 7:37 PM ET

    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.

  • Australia's ASX Profit Is Up 35% on Strong Trading Wednesday, 13 Feb 2008 | 6:42 PM ET
    A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    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.

  • Australia's David Jones Sees Profit Up 23% Sunday, 10 Feb 2008 | 11:30 PM ET

    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.

  • Australia's Primary Health Profit Falls 24% Sunday, 10 Feb 2008 | 6:42 PM ET

    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 CEO Moss To Retire, Moore To Take Helm Tuesday, 5 Feb 2008 | 9:56 PM ET

    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.

  • MFS Sells Stella Stake, Is Able to Repay Debt Sunday, 3 Feb 2008 | 7:31 PM ET

    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.

  • Centro Optimistic on Bank Deadline, Shares Surge Thursday, 24 Jan 2008 | 12:46 AM ET

    1st paragraph of story should go here

  • Australia Inflation Jumps, Sounds Rate Alarm Tuesday, 22 Jan 2008 | 9:06 PM ET

    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.

  • City Pacific Pulls Plug on MFS Deal Sunday, 20 Jan 2008 | 9:54 PM ET

    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 Producer Prices Tempered by Food, Imports Sunday, 20 Jan 2008 | 9:06 PM ET

    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.

  • Australia's MFS to Split Business into Two Thursday, 17 Jan 2008 | 7:44 PM ET

    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 Rejects Zinifex's $654 Million Offer Thursday, 17 Jan 2008 | 12:49 AM ET

    Allegiance Mining has rejected a takeover bid of up to $654 million from fellow Australian miner Zinifex, saying the offer was inadequate.

  • Australia's Jobless Rate Falls in December Wednesday, 16 Jan 2008 | 9:18 PM ET

    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.

  • Qantas Says Dreamliner Delay Will Not Hurt Earnings Wednesday, 16 Jan 2008 | 6:52 PM ET
    Qantas passenger jets parked at their terminal at Sydney Airport.

    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 Sours in January Tuesday, 15 Jan 2008 | 10:44 PM ET

    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.

  • Australia's MFS Is Considering Stella Split Tuesday, 15 Jan 2008 | 10:18 PM ET

    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.