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Business News

Properties raided in Aboriginal trust fraud probe

Northern Territory police have conducted a series of raids on Groote and Bicketon Islands, as part of an ongoing investigation into alleged fraud at an Aboriginal land trust.
ABC - May 2, 8:50 pm
Legal fight looms over aquatic centre

The designer of the state Aquatic Centre at Marion in Adelaide is planning to sue the South Australian Government over unpaid fees.
ABC - May 2, 8:07 pm
Public servant suspended over alleged Korean spy links

A Commonwealth public servant has been suspended after ASIO found that he had contact with South Korean spies.
ABC - May 2, 7:49 pm
Obeid recalled to front ICAC inquiry

Former New South Wales Labor minister Eddie Obeid has been recalled to give further evidence to a corruption inquiry.
ABC - May 2, 6:14 pm
Global data drags share market lower

The Australian share market closed down as disappointing local and international data weighed on investor sentiment and commodity prices.
ABC - May 2, 5:56 pm
Housing approvals disappoint raising rate speculation

A decline in apartment and medium-density housing has led to an overall fall in home building approvals.
ABC - May 2, 4:38 pm
Funding splash for maritime industry

The Federal Government will inject $22 million into Tasmania's maritime industry to improve skills and transport.
ABC - May 2, 4:18 pm
Industry sees no way out of manufacturing slump

Manufacturing industry figures say they cannot see a way forward as they are swamped by rising costs and effects of the high Australian dollar.
ABC - May 2, 4:13 pm
Business leaders express reservations over disability funding

The Business Council of Australia says it supports disability insurance, but has some reservations about the funding model currently being proposed.
ABC - May 2, 3:40 pm
Outback hot-rocks test site powers up

A power station driven by hot-rocks technology has begun producing electricity in the far north-east of South Australia.
ABC - May 2, 12:48 pm
Defence firm cutting 30 jobs

Defence engineering company Saab Systems is cutting 30 jobs in Adelaide.
ABC - May 2, 12:23 pm
Car count shows sharp rise on Barton Highway

An independent study has found a substantial increase in traffic on the Barton Highway between Canberra and Yass in southern New South Wales since 2006.
ABC - May 2, 10:23 am
Christian lobby urges fines for bestiality billboard

The Australian Christian Lobby (ACL) says Foxtel should be fined after it erected a billboard in Sydney's Kings Cross depicting an act of bestiality.
ABC - May 2, 10:03 am
Community's fears as shale oil production begins

After nearly 50 years of attempts, Australia's first commercial oil shale plant is gearing up to move into commercial production in Queensland.
ABC - May 2, 9:51 am
Premier pins hopes on mining boom

The Premier has joined forces with a national union heavyweight to talk up the future of the state's mining industry.
ABC - May 2, 8:26 am