News Wire

All Sections

Australia breaks GDP record

Treasurer Scott Morrison is expected to address the latest figures on Wednesday morning.

Australia has broken the record for the longest run of uninterrupted growth in the developed world, figures released by the Australian Bureau of Statistics have revealed.

KKR lobs $2.2b bid for Vocus

Private equity outfit KKR has made an offer to buy Geoff Horth-led Vocus .

Hard on the heels of an earnings downgrade which prompted heavy selling of its shares, the telecom company behind the Dodo and iPrimus brands has received a takeover approach from the private equity firm.

Aussie dollar breaks through US75¢ to one-month high

The Australian dollar got a boost after the RBA reaffirmed its expectations of strengthening economic growth.

The Australian dollar hit a one-month high after the release of first-quarter GDP figures, gaining a third of a cent to US75.29¢ after the ABS revealed the economy grew by 0.3 per cent, in line with consensus expectations.

ARLC Chairman John Grant announces departure date

Announcement: ARLC chairman John Grant.

Australian Rugby League Chairman John Grant on Wednesday announced he will not stand for reappointment as a Commissioner at the end of his current term in February 2018. Grant was appointed as the inaugural Chairman of the Commission in February 2012.

Qantas share price 'will take care of itself': Joyce

Qantas CEO Alan Joyce has overseen the creation of the group's  'Avro' start-up accelerator.

Qantas' share price, which has risen meteorically this year, will continue to "look after itself" as long as the airline sticks to its cost-cutting targets and delivers consistent earnings, chief executive Alan Joyce says.