Tony Webber, managing director at Webber Quantitative Consulting, discusses Qantas following the release of the group's earnings and says the international business remains "poor".» Read More
Australian energy retailer AGL Energy said it has approached Origin Energy about a potential A$13 billion (US$10 billion) merger to create the country's biggest gas and electricity supplier.
Australia's monopoly wheat exporter, AWB Ltd., will lose its right to veto wheat export deals by its rivals for six months, Prime Minister John Howard said Tuesday.
Australia's current account deficit narrows in the third quarter as improved trade performance added to economic growth for the first time in almost five years.
Insurance Australia Group Ltd. has agreed to buy British auto insurance underwriter Equity Insurance Group for $1.13 billion, its second acquisition in the UK market.