Australia Business News

During the offshore session, the local unit traded in a range between $US0.9238 and $US0.9318. The local unit pushed higher overnight following a speech yesterday by RBA deputy governor Ric Battellino, Bank of New Zealand currency strategist Danica Hampton said....

The report, released exclusively to ABC's Lateline program, comes despite conventional wisdom that in the financial crisis employers have not sacked workers on mass, but merely cut their hours...Not a good thing, it wasn't expected but at the end of...

It's a question puzzling much of Melbourne at the moment, after the Orrong Road home of former Pacific Dunlop chief executive Phillip Brass fetched more than $20 million last week. That was followed by the sale of a much smaller...

The US share market slipped back after official figures were released showing weaker than expected economic growth in the third quarter...The resources and financial sectors led the rise, with BHP Billiton adding 2.4 per cent to $41.19...The banks are mixed...

Former treasurer Peter Costello blocked a $US3.2 billion bid by Shell in 2001 to take control of Woodside, citing national interest. ''Shell may be a willing seller because they do have some quite big projects themselves up their sleeve,'' Nick...