Wayne Swan, Former Treasurer & Deputy Prime Minister of Australia, responds to Australian Treasurer Joe Hockey's comments about how Canberra inherited deficits from the previous government.» Read More
Woolworths, Australia's largest supermarket chain, beat forecasts with a 28.1 percent jump in first-half profit on strong growth in food and liquor sales, and outlined plans to ramp up investment in its stores.
Allco Finance Group, a troubled Australian asset manager, said it planned to sell its non-core assets, following a business restructure, in order to cut its debt due to high funding costs.
Australian conglomerate Wesfarmers beat forecasts with a 53 percent rise in first-half profit, boosted by its acquisition of the Coles supermarket chain, sending its shares up as much as 6 percent.
Caltex Australia, the country's only listed oil refiner and marketer, on Friday reported a lower-than-expected 3.25 percent rise in net profit, as lower refining margins and a strong Australian dollar offset record production volumes.
Brambles Ltd the world's biggest supplier of pallets, reported a 10 percent rise in first-half profit and said it expected solid sales and profit growth this year, sending its shares up as much as 8 percent.
Qantas Airways, Australia's biggest airline, doubled its first-half profit, beating market estimates and said it was on track to achieve at least a 40 percent rise in full-year earnings.
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.