Business Breaking News
Today
- 12:20PM(AWST)
Port eases limit on oil tankers from Qatar
Abu Dhabi petroleum port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters. Read more
- 11:08AM(AWST)
Bubs appoints CEO after early successes
Baby food maker Bubs Australia has appointed its infant formula commercial director as chief executive, five months after listing on the Australian Securities Exchange. Read more
- 10:56AM(AWST)
Bega seizes milk market high ground
By announcing an opening price of $5.50 per kilogram milk solids for its Victorian milk supply, dairy producer Bega Cheese hopes to send a positive signal to a sector struggling to recover from a period of marked volatility. Read more
- 10:23AM(AWST)
Trade surplus narrows as coal exports drop
Australia's trade balance has fallen sharply to a surplus of $555 million after a steep decline in coal exports due to Cyclone Debbie. Read more
- 8:24AM(AWST)
Tabcorp-Tatts decision deadline extended
The Australian Competition Tribunal has extended its deadline to make a determination on the Tabcorp-Tatts Group merger proposal, and now expects to make a decision by September 10. Read more
- 4:48PM(AWST)
How Australia's GDP growth adds up
* Gross domestic product rose 0.3 per cent in the March quarter, taking annual growth to 1.7 per cent. Read more
- 4:01PM(AWST)
German factory orders fall sharply
German factory orders dropped sharply in April, falling 2.1 per cent over the previous month as foreign demand plummeted. Read more
- 3:26PM(AWST)
Murray Goulburn shares hit all-time low
Units in Murray Goulburn's listed trust are at a fresh all-time low as investors continue to digest the dairy processor's vaguely worded announcement of a strategic review. Read more
- 3:00PM(AWST)
Hurdles ahead for Vocus takeover
Tough questions remain for Vocus Group following the conditional $3.3 billion takeover proposal from a US private equity firm, as analysts consider the sprawling telco's potential to be broken up. Read more
- 2:41PM(AWST)
Economy's growth run masks deeper concerns
Australia's economic growth has slowed to its weakest pace in almost eight years and there are concerns that weak housing investment and consumer spending will prevent a swift improvement. Read more
- 2:36PM(AWST)
Coles ramps up food price cuts
Coles has ramped up how much money it pours into lowering food and grocery prices as it sacrifices profits in a bid to lure customers from Woolworths and Aldi. Read more
- 11:35AM(AWST)
Kogan to sell NBN access via Vodafone
Kogan will start selling fixed-line NBN home internet next year after agreeing to expand its partnership with existing mobile provider Vodafone. Read more
- 8:09AM(AWST)
Property, infrastructure lift construction
Construction sector activity has expanded at its fastest pace in more than two-and-half years on the back of a pickup in apartment building and sharp increase in engineering work. Read more
- 7:34AM(AWST)
Economists expect slower US growth: Survey
Forecasts for US economic growth are coming in slightly lower after a weak first quarter, according to a survey of business economists. Read more
- 7:34AM(AWST)
AGL invests $295m in new Adelaide plant
AGL Energy will spend $295 million on a 210 megawatt gas-fired power station alongside its 50-year-old Torrens Island plant in South Australia. Read more