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US stock markets traded choppily on Tuesday, with the Dow Jones Industrial Average squeezed by a sharp downward revision to US growth figures and lingering political concerns in Washington and Euro

The controversy over director independence at Mount Gibson Iron has taken another surprise twist, with a majority of the board resolving that one of its existing members should be reclassified as i

Financially beleaguered BlueScope Steel has embarked on a deeply discounted $600 million capital raising to tackle debt and try and turn around its fortunes.

Perth-based composite materials manufacturer Quickstep Holdings says it will lead a joint development project with the German government and car manufacturer Audi to reduce manufacturing costs.

Some of the world's best cyclists are expected to compete in the 2012 Perth International Track Cycling Grand Prix.

Qantas's public relations team is red-faced after a twitter publicity campaign backfired.

Australian shares closed weaker for the second day in a row but were relatively better performers than US and European bourses, which sold off on renewed sovereign debt concerns.

A Western Australian Aboriginal group's request for the environment minister to use emergency powers to intervene in a Pilbara land dispute with Fortescue Metals Group is being considered but there

Global financial turmoil and the high Australian dollar are expected to remain as the major ongoing challenges for Australia's tourism and hospitality industry, as Perth solidifies its position as

The federal government will set up an interim expert panel to assess coal seam gas projects, filling the gap before a full committee is established.

Three Australian cities, including Perth, have been ranked among the world's top 10 in terms of highest industrial rents, according to new research.

The junior miners are urging the Australian Greens not to support the federal government's mining tax.

Mermaid Marine has bought BIS Industries' supply base in Dampier for $24 million.

Developing East Asian countries should bring in deep reforms to offset threats from global slowing and regional natural disasters, the World Bank says.

Perth-based minerals explorer Minemakers says it has secured a $15 million equity facility with New York-based Haverstock Fund.

Fibre-optic network owner Amcom has bought Perth-based IT firm L7 Solutions for $15 million.

Shopping centre operator Centro has successfully jumped the first hurdle in its bid for a restructure at a series of meetings for securityholders to consider the move.

Is Australia really an island when it comes to the economy? That's a question with a potentially nasty answer as we fiddle with incomprehensible taxes and the rest of the world burns.

Australian stocks have opened more than one per cent lower as skittish local investors took their cues from a horrid night on offshore markets.

The federal government says it can meet the competing demands of cross-benchers and push its new mining tax through parliament.

The Australian dollar has fallen to its lowest level in six weeks as ongoing debt problems in the US and Europe dampen risk sentiment on global markets.

US equity markets have been rattled by news that Congress has failed to reach a deal to cut the country's massive budget deficit and to extend stimulus measures into next year.

Seven Group Holdings has upped its takeover bid for National Hire Group, after its initial offer of $3.00 per share was rejected by the target's major shareholder, Tasmania-based Caterpillar dealer

The Australian dollar fell to its lowest level in almost six weeks as the failure of US budget negotiations added to already negative market sentiment.

Prime Minister Julia Gillard says her travels to various parts of the globe in recent weeks have uncovered a common thread of concern amongst world leaders about Europe, and highlighted the merits

Petrol prices rose last week as fuel retailers held back from passing on falls in the wholesale price to motorists, an economist says.

The Australian share market closed marginally lower as wary investors held fire ahead of a Wednesday deadline for a long-term solution to the US debt crisis.

A retail and restaurant development in the Town of Cambridge has sold to a private investor for $2.9 million, CBRE says.

Steelmaker OneSteel expects conditions for the Australian steel industry to remain challenging.

Banks cannot rely solely on secured issuance, such as covered bonds, to meet funding needs, an Australian central bank official says.