Crown Resorts has announced a string of asset sales that could deliver a windfall of nearly $700 million, including the purchase of two floors of its luxury Sydney development by James Packer. Mr Packer will pay $60 million for two residential floors of Crown Sydney at BarangarooRead More »
Western Australia's latest unemployment figures have been described as disappointing by the Liberal opposition. WA's seasonally adjusted jobless rate rose from 6.0 per cent to 6.6 per cent. Opposition Treasurer Dean Nalder said the increase came on the back of another significant jump in unemployment
A capsule carrying US, Russian and Italian astronauts from the International Space Station has landed safely in Kazakhstan after a five-month mission, a NASA TV live broadcast showed. The spacecraft brought ...
More than 120,000 mangoes shipped to South Australia from Queensland have been recalled after the discovery of fruit fly larvae in some of the fruit. Biosecurity SA has required a distributor to recall all produce from the affected grower, which is still in storage or on supermarket shelves, including
The future of online retail lies in bricks and mortar stores. That's the belief of European shopping centre giant Unibail-Rodamco's chief executive Christophe Cuvillier, who plans to buy Frank Lowy's Westfield ...
Car company Holden has confirmed the sale of its former vehicle assembly site in Adelaide to a Melbourne-based developer. The company says the Pelligra Group plans to turn the site into a business park with a range of industrial, manufacturing, construction, engineering, automotive and commercial uses
Myer has had a woeful start to Christmas, with its sales taking a sharp fall in December despite efforts to bring shoppers through its doors. The embattled department store chain now expects profit for the first half of the current financial year to be "materially below" the $62.8 million
The share market has closed lower as gains for materials and energy companies were offset by falls for the utilities and property trust sectors. The benchmark S&P/ASX200 index was down 10.5 points, or ...
The economy added far more jobs than expected in November, underlining the strength of the labour market that has grown by 383,000 positions in the past twelve months. The total number of jobs rose by 61,600 in November, data from the Australian Bureau of Statistics showed, the biggest increase in more
AUSTRAC, the federal government's financial intelligence unit, has updated its statement of claim against Commonwealth Bank with another 100 alleged contraventions of anti-money laundering and counter-terrorism ...
Queensland's unemployment rate remained steady in November but was still half a percentage point higher than the national average. The Australian Bureau of Statistics released its latest labour force figures on Thursday. Queensland's seasonally adjusted jobless rate was unchanged at 5.9 per
Westpac will pay about $11 million in compensation to interest-only home loan customers who were not switched to principal repayments when they should have been. The refunds will go to 9,400 customers who held owner-occupier interest-only variable home loans, most of which had interest-only periods
Prime Minister Malcolm Turnbull is claiming credit for another surge in the number of Australians finding work, saying his government's policies are boosting confidence. "Our policies are restoring confidence to business, and business is responding by investing, creating more jobs, and hiring
Commonwealth Bank has been hit with another 100 alleged contraventions of anti-money laundering and counter-terrorism laws, including failing to quickly report two suspicious matters relating to the financing of terrorism. AUSTRAC on Thursday filed an amended statement of claim to Federal Court in which
Westpac will pay about $11 million in compensation to interest-only home loan customers who were not switched to principal repayments when they should have been. The lender said the refunds will go to customers who held one of 13,000 owner-occupier interest-only variable home loans who continued to
Ridesharing is finally coming to the Northern Territory, but it won't be Uber. The territory government has given Western Australian company Hi Oscar the green light to operate, following criticism its multinational rival was regulated out of the market. "For the public, our ridesharing regulations
Ten Network has made its first leadership change following its takeover by US media giant CBS. The broadcaster has appointed director of corporate and regulatory affairs Annabelle Herd to the newly created role of chief operating officer. Chief executive Paul Anderson said Ms Herd had been responsible
Defence projects will create around 6000 direct jobs in South Australia over the next 10 years, a new state government report has found. SA has a skilled workforce that will build the next generation of the navy's submarines, as well as bid for work across the cyber, science and research areas of
Telstra has splurged more than $72 million on additional mobile spectrum in a bid to back its current mobile network and support the development of 5G technology. Of the country's largest carriers, the telco snapped up the most mobile bandwidth ranges at the government spectrum auction which netted
Prime Minister Malcolm Turnbull is trumpeting his government's policies for another surge in employment. Employment grew by 61,600 in November, a 14th straight month of gains, while the jobless rate remained ...
Defence projects will create around 6000 direct jobs in South Australia over the next 10 years, a new state government report has found. SA has a proven skilled workforce that will build the next generation of the navy's submarines as well as bid for work across cyber, science and research areas
National Australia Bank says it will stop lending for new thermal coal mining projects, becoming the first major Australian bank to phase out support for the sector. In a statement on Thursday, the bank said it would no longer back new thermal coal mining investment, but would continue to support customers
The Australian share market is higher at noon following strong gains by mining and energy stocks. The benchmark S&P/ASX200 stock index was up 10.2 points, or 0.17 per cent, at 6,032.0 points at 1200 AEDT. ...