Banks clawed back margins on home loans in late 2011 with average interest rates on new variable mortgages declining by less than the overnight cash rate, the Reserve Bank of Australia (RBA) says.
Doray Minerals has announced an in-principle native title agreement it says will pave the way for the company to be granted a mining lease over its Andy Well gold project in the Murchison.
Subsea services provider Fugro TSM has won a $100 million-plus contract with Woodside Energy at the North West Shelf project off the coast of Western Australia.
Australia's top diplomat has expressed frustration with the slow progress of free trade talks with China, suggesting there is unlikely to be a deal for many years to come.
Rox Resources shares have spiked 12 per cent after the company unveiled a maiden JORC-compliant gold resource at its Mt Fisher gold project in the northern Goldfields.
Newcrest Mining has forecast a continuing strength in the gold price after reporting a record high first half profit, driven by stronger gold, silver and copper sales.
Wangara-based Vortex Pipes has requested reinstatement of its shares on the Australian Securities Exchange, after entering a refinancing agreement with Carmichael Corporate.
Rio Tinto has booked a 59 per cent slump in full year net profit due mainly to a writedown of its aluminium business, but underlying earnings jumped eleven per cent.
The Australian share market closed slightly lower as investors mulled over mixed earnings results, the ongoing Greek debt crisis and whether or not China would cut its interest rates.
The state government has unveiled four new land redevelopment committees that will advise the Metropolitan Redevelopment Authority on urban redevelopment.
Gold explorer Westgold Resources has moved to secure up to $80 million in debt funding to help pay for development of its Central Murchison project in Western Australia.
Clough and its joint venture partner BAM International have won a $400 million engineering and construction contract on Chevron's Wheatstone liquefied natural gas (LNG) project.
The Australian Greens have again urged federal Labor to increase its proposed mining tax, to better protect industries struggling under the weight of the high Australian dollar.
Australian Workers' Union boss Paul Howes says the Reserve Bank of Australia has signed a "death warrant" for manufacturing by putting its cash rate on hold.
Leighton Holdings subsidiary Thiess has won a $180 million contract for work at BHP Billiton Mitsubishi Alliance's (BMA) Caval Ridge coal mine in Queensland.
The Australian share market has opened weaker with the stocks of major companies BHP Billiton and Telstra weighing on sentiment after weaker-than-expected profit results.
Property group Stockland's first-half net profit has fallen by 28 per cent due to tough economic conditions, but the company expects a better performance in the remainder of the financial year.
