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Business News

Holden makes a loss as Commodore sales stall

Car maker Holden has reported a full year loss, blaming the costs of restructuring its business.
ABC - May 8, 1:01 pm
'No joy' from Ludwig at cattle crisis meeting

Graziers at yesterday's cattle crisis summit in north-west Queensland have voiced disappointment over the swift exit by federal Agriculture Minister Joe Ludwig.
ABC - May 8, 10:37 am
Combet confirms carbon trading tax cut on hold

Climate Change Minister Greg Combet has confirmed the 2015 tax cut associated with the carbon trading scheme will not go ahead because of the drop in the carbon price in Europe.
ABC - May 8, 10:31 am
Housing industry buoyed by rate cut

Tasmania's Housing Industry Association hopes yesterday's interest rate cut will stimulate home building.
ABC - May 8, 10:12 am
Rise of the robots could save manufacturing

Sections of Australian manufacturing have copped successive blows in recent years, but the CSIRO says it is working on solutions to guarantee their long-term viability.
ABC - May 8, 10:09 am
Forest payout inquiry probes rorting claims

A Senate inquiry has heard allegations contractors have rorted a $45 million forest industry exit scheme.
ABC - May 8, 10:05 am
Generation Y: Home ownership a distant goal

The Reserve Bank's announcement on interest rates is unlikely to gain much attention from tens of thousands of Australians, particularly those who are members of Generation Y.
ABC - May 8, 8:51 am
WPG abandons Giffen Well ore venture

Minerals company WPG Resources said Port Pirie remained an important part of the company's strategy despite it pulling out of a project that would have seen mineral exports from the regional city.
ABC - May 8, 7:55 am
Tasmania's whisky industry booming

Tasmania's ninth whisky distillery has opened on a historic property in the Derwent Valley.
ABC - May 8, 7:46 am
Economist predicts $11 billion deficit

Next week's federal budget will deliver an $11 billion deficit for this financial year, followed by a $13 billion deficit in 2013-14, according to the latest predictions from independent forecaster Deloitte Access Economics.
ABC - May 8, 6:30 am
Reserve cuts rates to lowest in five decades

The Reserve Bank has cut official interest rates to their lowest level in more than five decades, with contained inflation and a stubbornly high dollar the two key factors in the decision.
ABC - May 7, 9:11 pm
Government misses $1b in wireless spectrum revenue

The Federal Government has failed to sell a third of the wireless spectrum on offer to mobile phone carriers that would be used to build next generation networks.
ABC - May 7, 8:50 pm
ANCAP demands car safety features boost

There has been a call for emerging technologies to become mandatory in new cars sold in Australia.
ABC - May 7, 8:40 pm
Miners face levy to cover toxic site clean-ups

The Northern Territory Government will force mining companies to a pay a levy to help pay for the clean-up of toxic legacy mines.
ABC - May 7, 8:23 pm
Interest rates not at emergency GFC levels: Swan

Treasurer Wayne Swan says it is "utterly irresponsible" to suggest that today's cut to interest rates has again taken them to the "emergency levels" seen during the global financial crisis (GFC).
ABC - May 7, 6:11 pm