The dollar tumbled one cent against the greenback overnight after the Government announced a bigger than expected budget deficit for next year.
ABC - May 15, 10:04 am
Rural lobby group AgForce says Queensland farmers will not get much relief from new programs announced in last night's federal budget.
ABC - May 15, 9:22 amEnergy Australia said a decision to sell 75 per cent of the ownership of its Clare Valley wind farm would help fund future renewable energy projects.
ABC - May 15, 9:20 am
Clothing retailer Trims has gone into voluntary administration because of trading difficulties.
ABC - May 15, 8:55 amThe budget has received a cool reception from business groups, with most lamenting the lack of assistance for firms and tax changes that will hit large multinational companies.
ABC - May 15, 8:43 am
Queensland Agriculture Minister John McVeigh says he holds no animal welfare concerns about Australian live cattle exports to Indonesia as he pushes for an increase in trade.
ABC - May 15, 8:00 amThe Federal Government has taken a swipe at so-called middle-class welfare by abolishing the baby bonus in a deficit budget that delivers almost no traditional election-year sweeteners.
ABC - May 14, 11:21 pmFederal Treasurer Wayne Swan will announce tonight that the budget will remain in deficit for the next two years, with a plan to return to surplus in 2016-17.
ABC - May 14, 7:11 pmInvestors struggled for direction throughout today's trade with no key economic data out and little news from overseas overnight.
ABC - May 14, 6:50 pmEven though much of tonight's budget, Australia's business lobby groups seem convinced Wayne Swan's cupboard will be bare.
ABC - May 14, 6:24 pmThe Federal Resources and Energy Minister Gary Gray has warned the Maritime Union that demanding excessive wages could kill large-scale projects in Australia.
ABC - May 14, 5:09 pm
Indonesia has announced an increase in the live cattle export quota for Australia.
ABC - May 14, 1:51 pmKmart will donate $50,000 to a road safety trust and employ a compliance officer after failing to do brake tests during road worthy inspections at four of its Canberra outlets.
ABC - May 14, 1:21 pmIndependent MP Tony Windsor says he believes tonight's budget will be Treasurer Wayne Swan's last.
ABC - May 14, 12:36 pmSome say the South Australian Government's push to make Adelaide a more vibrant city is being hindered by a flawed liquor licensing system.
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