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Businesses expect the pain of a high exchange rate to intensify over the coming year, with exporters saying they will respond by slashing their investment spending.
The federal government is likely to produce a budget deficit of about $20 billion this financial year on the back of declining company tax revenues, according to new analysis.
BHP Billiton has denied any wrongdoing after the Australian Federal Police (AFP) and US authorities launched an investigation into bribery allegations surrounding the company's sponsorship of the B
National Australia Bank plans to save about $800 million a year from new changes to its business that include a major reshuffle of its senior managers.
Australia will host an inaugural Australia-Hong Kong trade and investment dialogue to pursue greater international use of the Chinese currency, federal Treasurer Wayne Swan says.
Woodside Petroleum's $40 billion Browse gas project looks less likely to go ahead despite the re-election of its biggest supporter, Premier Colin Barnett.
Federal Treasurer Wayne Swan said the government intends to keep to its promise of getting debt below $250 billion by the end of the 2012/13 financial year.
Business hiring intentions are subdued due to conflicting economic messages and uncertainty over the outcome of the upcoming federal election, a survey says.
The Australian dollar has closed lower, drifting back towards 102 US cents as global markets poured back into the US dollar after a positive US jobs report.
Mark Bouris' TZ Limited has struck a deal to install lockers in petrol stations and convenience stores in a bid to capitalise on the online retailing boom.