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Business News

Australian dollar drops as US currency rallies

The Australian dollar has taken a hit overnight, pushing the local currency closer to parity with the US dollar.
ABC - May 10, 10:26 am
Axe may fall on more forestry jobs

Forestry Tasmania's chairman is not ruling out further job cuts at the state-owned company as the forest peace deal is implemented.
ABC - May 10, 8:49 am
NAB posts record half-year cash profit

National Australia Bank has posted a half-year after tax profit of $2.5 billion.
ABC - May 10, 8:40 am
Forestry boss' contract terminated

The contract of Forestry Tasmania's managing director Bob Gordon has been terminated.
ABC - May 10, 8:01 am
Groves asks Brisbane court permission to move overseas

Failed ABC Learning Centres co-founder Eddy Groves has applied to the Federal Court in Brisbane to live in Canada with his new wife, who is setting up an English language college.
ABC - May 10, 6:19 am
Business brands Coalition IR policy 'timid, cautious'

Business and industry lobbies say the Coalition's new industrial relations policy is too cautious and will not deliver confidence to the economy.
ABC - May 10, 12:49 am
Rio Tinto shedding jobs, assets in cost-cutting drive

Mining giant Rio Tinto is moving ahead with plans to reduce staff and sell assets amid efforts to reduce operating costs by $US5 billion over the next two years.
ABC - May 9, 9:54 pm
Questions raised over job for minister's daughter

The daughter of a former NSW mining minister received help to get a job after her father granted a mining licence to former union leader John Maitland, a corruption inquiry has heard.
ABC - May 9, 8:41 pm
Abbott unveils Coalition's workplace relations policy

The Opposition has released its industrial relations policy, pledging no changes to unfair dismissal laws or measures to set penalty rates in the first term of a Coalition government.
ABC - May 9, 8:13 pm
Surprise jobs surge pushes unemployment lower

The unemployment rate has confounded most economists by falling from 5.6 to 5.5 per cent.
ABC - May 9, 7:38 pm
Dollar rises on surprise unemployment figures

The Australian dollar jumped and the share market ended flat after official unemployment figures came in much better than expected.
ABC - May 9, 6:17 pm
SA Premier sounds warning on Holden

South Australian Premier Jay Weatherill says Holden could shut down the Elizabeth production plant in northern Adelaide unless state and federal funding is secure.
ABC - May 9, 2:04 pm
Failed firm bills potato growers

South Australian growers still owed money by collapsed potato firm Mondello Farms say they are now being billed by the company for seed.
ABC - May 9, 12:35 pm
Miners attack levy for 'legacy' site clean-ups

A mining exploration company has criticised the Northern Territory for imposing what it calls a poorly thought out environmental levy on the mining industry.
ABC - May 9, 11:31 am
Resource tax undermined by billions in credits

The Federal Government's mining tax raised only $126 million in its first six months and it is generous asset deductions, not falling commodity prices, that seem most to blame.
ABC - May 9, 10:41 am