Revenue and earnings at Telstra directories business Sensis will fall over the next three years as it works to make more money from digital products in the face of declining income from Yellow Pages print. Sensis chief executive Bruce Akhurst launched a new strategy focussed on selling bundled packa... Read More

Amazon.com wants to be more than a destination for shopping online – it also dreams of being a place where you can store your music, photos and videos and access them any time, from any computer. The online retailer launched two new offerings late Monday: Amazon Cloud Drive and Amazon Cloud Pl... Read More

The Australian sharemarket was lower by early afternoon as investor anxiety over Japan’s nuclear problems came to the fore again. In a recent reading of trade, the benchmark S&P/ASX 200 index was down four points, or 0.04 per cent, at 4740.50, while the broader All Ordinaries index had sh... Read More

The Australian dollar was stronger in local trading as investors favoured domestic and overseas risk assets because of strong global growth on the horizon. At 5pm (AEDT), the Australian dollar was trading at 102.62 US cents, up from Friday’s local close of 102.22 US cents. Since 7am today, the... Read More

Equinox Minerals said an independent proxy voting firm has backed a share issuance under the copper miner’s proposed hostile takeover of base metals miner Lundin Mining Corporation. Equinox today said International Shareholder Services Inc (ISS), a global corporate governance analysis firm and... Read More

The Australian share market closed in the red amid concerns about Japan’s nuclear problems and increasing tensions in Yemen. The benchmark S&P/ASX200 index was down nine points, or 0.19 per cent, at 4,733.6 points, while the broader All Ordinaries index eased 8.4 points, or 0.17 per cent,... Read More

Australian shares rose nearly 1 per cent at the close as uranium miners strengthened amid a broad upswing in the mining and energy sector. The benchmark S&P/ASX 200 index jumped 43 points, or 0.91 per cent, at 4742.60, while the broader All Ordinaries index rose 46.1 points (0.96 per cent) to 4... Read More

The dollar was more than one US cent higher, driven by stronger commodity prices and an unattractive US dollar and euro. At 5pm AEDT, the Australian dollar was trading at 102.22 US cents, up from yesterday’s local close of 101.14 US cents. Since 7am AEDT today, the currency has traded between... Read More

It’s a gold rush 21st century style. It may look different to California or Victoria or New Zealand’s Otago, among the best known gold rushes of the nineteenth century, and it’s being run by corporates rather than by individual prospectors with their worldly goods in a swag, but the excite... Read More

Newly-released Treasury advice to the re-elected Gillard government urged a comprehensive review of Australia’s banking system – a recommendation that is yet to be heeded. The Treasury Red Book, re-released today with extra information, said there was a “clear need for a comprehens... Read More

Fortescue Metals chief executive Andrew Forrest said todaythe government’s mining tax remains unfair, despite the government agreeing to the broad-ranging changes recommended by Don Argus. “My view of this is it was bought into existence to solve the RSPT (resources super profits tax),” Mr... Read More

Millionaires could fall victim to an elaborate conspiracy to steal more than $100 million from customer accounts at major banks, detectives fear. Police began investigating the sophisticated scheme after a Westpac customer noticed $1.1 million was missing from her account. A Sydney fruiterer on Thur... Read More

The federal government’s mineral resources rent tax (MRRT) needs a lot more work to be fair and effective but the crediting of state royalties is a good start, business groups say. Treasurer Wayne Swan on Thursday said the government had accepted all 98 recommendations of a Policy Transition G... Read More

Optus has rejected amendments to legislation related to the country’s proposed high-speed broadband network and is pushing for adjustments, its chief executive Paul O’Sullivan said. The Gillard government late Wednesday released 23 pages of amendments to the proposed legislation that has... Read More

AUBJ – March 23 – Rio Tinto Group is cooling plans to expand its Australian iron ore mines with equipment suppliers in Japan still picking up the pieces from a devastating earthquake earlier this month. “We’re seeing a number of our suppliers have been impacted,” Rio Tinto Iron Ore CEO... Read More

Australian businesses linked to China should consider the impact of an economic slowdown in that country on their operations, a senior Australian banker said. The executive general manager of corporate financial services at the Commonwealth Bank, Symon Brewis-Weston, says China’s ability to pr... Read More