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Finance Minister Penny Wong has challenged Opposition Leader Tony Abbott to show how he would bring the budget back to surplus a year earlier than the government.
West Australian Premier Colin Barnett has ruled out any subsidisation of the state's power station operator Verve Energy, which says it would be potentially burdened by $200 million in extra costs under a carbon tax.
Iron ore miner Fortescue Metals Group has lost its bid to overturn an Australian Competition Tribunal ruling that kept Rio Tinto's Hamersley rail line closed to smaller rivals.
Prime Minister Julia Gillard will launch a fresh bid to convince business leaders of the value of her carbon tax, as a new poll suggests fewer than one in three voters support it.
Miner Anglogold Ashanti has confirmed quarterly production guidance, saying strong performances at its overseas operations have offset disruptions due to weather at its Sunrise Dam mine in Western Australia.
Tap Oil has agreed to sell 25 per cent of a Western Australian natural gas exploration permit for $US30.2 million ($A27.66 million) to a joint venture of Japanese trading giants Mitsubishi Corporation and Mitsui & Co.
The Australian share market slipped to a five-week low during intra-day trading on a currency-led sell-off as banks and big resources companies came under selling pressure.
The Australian dollar was lower this morning after commodity prices fell overnight and the Australian central bank gave no indication that there will be an interest rate rise soon.
ATO adds 500 to Wickenby probe – The Fin; High $A harsh reality for industries: ANZ – The West; Chinese circle Burrup Fertilisers – The Aus; Green rules 'harm' coal power stations – The West; City Link project to go to one developer – The West
The Australian share market closed in negative territory on broad-based losses as the impact of the strong local currency on forthcoming corporate earnings results weighed on investors.
The upcoming federal budget is likely to lack any gutsy decisions to prepare the Australian economy for the re-emerging mining boom, an economist says.
About 10,000 call centre workers and door-to-door salespeople around Australia could be out of pocket as a result of being engaged as independent contractors.
ANZ Banking Group has increased first half profit by 38 per cent to a record as the lender raises market share while warning that the operating environment is challenging.
The federal government's proposed carbon tax will make it hard for Australia to remain a first world economy, federal Opposition Leader Tony Abbott says.
The strength of the Australian dollar is having an impact on the final framing of Treasurer Wayne Swan's fourth budget which he will hand down in a week's time.
Shares in Fairfax Media have fallen by more than eight per cent as it forecasts a drop in revenue and earnings, and outsources subediting for its largest mastheads.
The Australian market was firmly in the red at noon, down about one per cent as investor concern continues over the high Australian dollar ahead of the central bank's interest rates decision.
US stock markets dipped on Monday as investors focused on weakness in the economy as euphoria about the US slaying of Al-Qaeda chief Osama bin Laden faded.
Death of al-Qaida leader no magic bullet for markets –The West; Abbott's toiling keeps Coalition ahead –The Aus; Chevron applies to raise Gorgon output –The Aus; Bid to reverse coalmine ban in Margaret River –The West; Extract upbeat on Namibia –The West
Centro Properties Group expects to post a second half loss as a result of its United States asset sale and says discussions are continuing on a domestic restructure.
The Australian share market clawed back to close flat when all the talk was surrounding the death of Osama Bin Laden, overshadowing early losses from a plunge in silver futures and a new high for the strong local currency.
A rising Australian dollar is putting a smile on the face of Aussies buying imported goods and travelling overseas, but many local businesses, especially exporters, aren't jumping for joy.
Woolworths' hardware brand is to be known as "Masters", as Australia's biggest supermarket chain continues to prepare for its entry into the $42 billion home improvement market.
Prime Minister Julia Gillard has unveiled a controversial plan to pay cash bonuses to top-performing school teachers ahead of next week's federal budget.
Shares in Extract Resources have been placed in a trading halt on the eve of a Chinese state-owned nuclear power firm's deadline to make a formal takeover bid for it's top shareholder.