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A small ceremony in South Korea last week will eventually lead to a big debate in Australia about who benefits most from resource development in this country; Australians or foreigners.

Oz Minerals says it remains on track to meet its full-year guidance despite posting a fall in copper and gold production during the September quarter.

Clothing and homewares supplier Pacific Brands says it is too early to tell if its financial results will improve upon last year's.

West Perth based nickel explorer ENK will officially delist from the Australian Stock Exchange today after being taken over by Filipino resources and construction giant DMCI Holdings.

Energy giant Woodside Petroleum is looking to expand its operations to Israel.

Ten Network Holdings has received a reduced offer for its outdoor advertising business Eye Corp from its private equity suitor.

The defence and resources sectors should introduce a "buy Australian" policy, a union says, amid a slump in Western Australia's manufacturing industry.

The Australian share market has opened flat.

A modest tightening in the federal government's budget position adds to the case for lower interest rates, but a reduction in November still hinges on another benign inflation reading.

Australia's ability to compete internationally is under pressure as business leaders struggle to engage with Asia.

A diminished sales forecast by industrial bellwether Caterpillar has clouded stocks, but a last-minute burst of buying pushed the Dow and S&P 500 barely back into the black for the session.

In what must rate as one of the more embarrassing oversights in WA business, engineering contractor Forge Group has admitted that it forgot about one of its directors when it prepared this year's n

Malaga-based drilling equipment manufacturer Drillstar Engineering has been acquired by Swedish company Driconeq AB after more than 20 months of talks.

Drilling services and mining contractor Ausdrill is considering issuing $US300 million in unsecured notes to USA-based institutional investors.

Amadeus Energy has announced a merger deal with UK-based Ecofin Energy, owners of Texas-based Lonestar Resources.

The Australian dollar is a third of a US cent lower as rising expectations of an interest rate cut in November put pressure on the currency.

Australian stocks have closed more than half a per cent lower, with the resources sector worst hit on a day of broad-based declines.

Winemaker Treasury Wines Estates says price increases, the release of more luxury wines and more promotional activities will help lift earnings in the second half of the financial year.

Mining services provider OTOC has announced a $32 million contract win for Rio Tinto in the Pilbara.

Atlas South Sea Pearls shares have jumped after it announced plans to raise up to $5 million alongside a proposal to acquire fragrance and flavour manufacturer Essential Oils of Tasmania.

NRW subsidiary Action Drill and Blast has won a three-year, $100 million supply contract with John Holland Group in Queensland.

Businesses in the state's northwest have been reminded to make sure contingency plans are in place to protect workers during the cyclone season.

The Reserve Bank of Australia is introducing industry-wide reporting standards for mortgage-backed securities to boost investor confidence in the market.

The federal government has cut by a third the revenue it expects to receive from its controversial mining tax.

The latest snapshot of Perth's real estate market shows that property prices have remained flat while sales activity and property listings have fallen.

Australian small businesses that sell their goods and services online were 33 per cent more likely to have increased their profits in 2011/12, according to a report from American Express.

Southern Cross Goldfields says it has a short-list of financiers to provide the necessary funding to complete the acquisition of the Sandstone gold project from Troy Resources.

Rio Tinto says it has attracted strong interest from Asian and European buyers at its annual pink diamond sale.

Reed Resources has launched a $10 million placement and share purchase plan, to boost working capital as it moves towards start-up at its Meekatharra gold project.

The federal government is relying on optimistic economic growth forecasts to return the budget to surplus, a leading economist says.

The federal government is planning to raise an extra $10 billion from the business sector through new tax measures announced today in response to a sharp deterioration in its budget outlook.

Australian stocks have opened weaker, as a disappointing finish on Wall Street over the weekend prompted widespread selling at the start of the local trading week.