Rupert Murdoch's crusade to oust Kevin Rudd in Australia's general election has given rise to a heated social media campaign inside a campaign, as Twitter, Facebook and other digital platforms become the weapons used by some to try to outflank Murdoch's "old media".» Read More
U.S. President George W. Bush said on Wednesday it would help to balance trade if China floated its currency, which has been allowed to appreciate gradually in the past two years but remains tightly managed.
The Reserve Bank of Australia (RBA) said Wednesday its board decided to leave the cash target rate at 6.50 percent after Tuesday's monthly policy meeting.
Asian stocks closed mixed in subdued trading on the lack of a lead from U.S. markets which were closed on Monday for a public holiday.
After a lightning visit to Iraq, U.S. President George W. Bush arrives in Australia on Tuesday where he can expect anti-Iraq war protests as he attends an Asia-Pacific leaders' summit in Sydn
Australian conglomerate CSR Ltd said on Tuesday its earnings before interest and tax (EBIT) this year were likely to be 5% down on the previous year, before one-offs, hurt by lower sugar prices.
Asian markets were mixed Monday, as investors stayed cautious in spite of reassuring statements by U.S. President George W. Bush and Fed Chairman Ben Bernanke on sheltering the economy from the turmoil in the markets.
Canada's state-backed pension fund said on Monday it will seek up to 49% of New Zealand's Auckland International Airport as a rival Dubai-based deal looks set to fail.
Australian businesses added to inventories at a slower pace last quarter amid subdued sales, suggesting stocks subtracted more from economic growth than first thought.
Australia's largest construction and contract mining group, Leighton Holdings Ltd, said Monday it will merge its operations in the Arabian Gulf with Al Habtoor Engineering by acquiring a 45 percent stake in Al Habtoor for about 870 million Australian dollars.
Asian markets made solid gains Friday, ending the week firmly in positive territory as investors bet on a positive reaction to Fed Chairman Ben Bernanke's speech on monetary policy and housing in Jackson Hole, Wyo. at 11 am Singapore time.
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Australian electrical goods and furniture retailer Harvey Norman beat forecasts with a 28% rise in year profit on strong sales of flat-screen TVs and laptops, sending its shares up more than 6%.
Australian consumers spent freely for a second straight month in July as strong employment, high consumer confidence and generous tax cuts combined to get the third quarter off to a brisk start.
Australia's central bank on Friday provided the banking system with less money than its estimated need, as it struggled to ease upward pressure on some market interest rates.
New Zealand's Auckland International Airport said it had been informed by Dubai Aerospace Enterprise that a legal challenge against the company was in breach of the terms of Dubai's $1.8 billion takeover bid, sending its shares falling.
Asian markets mostly finished higher Thursday, but were off their morning highs. Volumes were thin amid a dearth of strong incentives, with many market participants holding back ahead of a long weekend in the United States. Japan and South Korea both closed almost 1% higher.
Liquidators of Basis Capital's Basis Yield Alpha Fund said on Thursday they were assessing if the fund could pay back investors, after it was placed into provisional liquidation on Wednesday.
Asian stocks closed lower across the region Wednesday as investors shunned riskier assets on the renewed fears about the health of the U.S. economy. But markets were off their lows with South Korea closing just slightly in the red after plunging as much as 3% at one point during the session.
Asian stocks mixed Tuesday as fresh fears about the outlook for the U.S. economy offset healthy profits and orders at firms in the region, while the yen firmed as investors trimmed exposure to riskier assets.
Foster's Group, Australia's biggest alcoholic drinks company, said on Tuesday second-half net profit rose 22%, boosted by strong beer and international wine sales.