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
Anglo-Swiss miner Xstrata on Monday offered $2.8 billion for Australian nickel miner Jubilee Mines, seeking to consolidate its position as a global nickel producer.
Australian and New Zealand Banking Group, Australia's third-biggest lender, missed forecasts with a 7 percent rise in its second-half profit, as provisions for bad loans increased.
Underlying inflation in Australia speeded past expectations last quarter to hit the very top of the central bank's target range, sharply lifting the risks of a hike in interest rates as early as next month.
Babcock & Brown, an Australian investment and advisory firm, said on Wednesday it had raised about $800 million to buy infrastructure assets in North America.
Woolworths, Australia's largest grocery chain, said on Wednesday it has decided not to proceed with a request for the competition regulator review a potential acquisition of some Coles Group assets.
Australia has a strong Western-style economy. Consumer confidence is high, exports of raw materials and agricultural products are profitable, and the budget has been in surplus since 2002.
BHP Billiton, the world's biggest miner, churned out as much copper, iron ore and coal as it could in the first quarter to keep up with surging China-driven demand, but failed to impress investors.
Australian healthcare provider Symbion Health said on Tuesday it would press ahead with a revised tie-up plan with Healthscope, despite opposition from its major shareholder.
Australian producer prices rose faster than expected last quarter, led by higher food and construction costs, fueling concerns consumer inflation could accelerate enough to provoke another hike in interest rates.
AGL Energy, Australia's largest electricity retailer, said on Monday that Chief Executive Paul Anthony had left the company, following an earnings downgrade, and would be replaced by Michael Fraser.
Australian travel firm Flight Centre said on Friday it was looking at international acquisition opportunities which may be funded with debt and capital raisings if a deal goes ahead.
Australian travel agent Jetset Travelworld said on Thursday it was looking at expansion opportunities but declined to comment on a report it may merge with Qantas Airways' travel business.
Australia's Publishing & Broadcasting will push ahead with plans to split its media and gaming assets into separate companies after deciding on Wednesday that new tax laws would not impact the demerger.
Australian iron ore miner Murchison Metals made a $889 million bid for Midwest Corp on Wednesday, seeking to combine the two miners' iron ore projects in the nation's west.
The Australian dollar settled around 90 U.S. cents on Monday, after scaling a fresh 23-year peak as investors piled back into riskier assets like higher-yielding currencies and stocks.
The Australian bank isn’t doing anything illegal, but its practices are enough to make Cramer nervous.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Telstra, Australia's largest telephone company, may be forced to split its network and retail business to break a deadlock over building a high-speed broadband network and to boostcompetition.
Shares in Australian mortgage lender RAMS Home Loans Group tumbled as much as 27% on Wednesday, compounding the previous day's blood-letting as doubts crept in over its deal with Westpac Banking.
Australia's central bank held interest rates steady as expected on Wednesday, likely waiting for global credit turmoil to calm and for a critical update on domestic inflation before deciding whether to hike again.
Australian equipment hire firm Coates Hire has agreed to a revised takeover bid from smaller rival National Hire and private equity firm Carlyle Group, a source familiar with the situation said on Tuesday.