The Australian stockmarket is trading below the level at which it started 2014, after a shocker month wiped out all the gains of the first eight months of the year and took $90 billion off the value off the Australian shares.
Rio Tinto is set to push ahead with a new mine expansion that will grow its iron ore exports by 70 million tonnes per year, in a show of defiance against sliding iron ore prices and the current supply glut.
Treasury Wine Estates chief executive Mike Clarke and one of his senior executives are assessing up to five different options before making a final decision on an internal structure expected to include a separate sales and marketing arm for the company's top-end wine brands.
Goodman Fielder chief executive Chris Delaney has played down concerns over Woolworths' aggressive move to cut its Homebrand white bread to 85¢ a loaf and declared he wants to stay in the job if the breads and spreads maker is acquired by its foreign suitors.
The demand from overseas investors for Australian office, retail and industrial properties has pushed the total sales to close to $11 billion in the past three months, and more of the same it tipped as more properties hit the market.
A cyclist has thwarted an attempted abduction in Sydney’s inner west on Tuesday morning.
One asylum seeker alleges she was gang-raped by Sri Lankan military officials after her refugee claim was rejected. When she tried to escape to Australia again, she says Customs officials interviewed her by satellite phone and sent her back again.
The federal government's move to leave the superannuation guarantee at 9.5 per cent only adds to looming pension problems that will take Australia down the path of struggling European economies and make the current budgetary malaise look like child's play, AMP chief executive Craig Meller warns.
A move within the Abbott cabinet to establish a homeland security super-ministry drawing together several major departments and functions looks to have been scuttled because senior figures viewed it as an attempt by backers of Immigration Minister Scott Morrison to elevate him to future leader status.