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Euro hits 11-month high as confidence perks up

The euro rose against the US dollar to its highest level in 11 months thanks to unexpectedly strong ECB loan repayments and an upbeat confidence report in eurozone powerhouse Germany. The yen, meanwhile, ...


Record Apple sales disappoint investors

The US technology giant Apple has posted a record first quarter profit of $US13.1 billion ($12.4 billion). The company's quarterly revenue hit $54.5 billion ($51.6 billion), which was very slightly below ...


Major oil discovery in outback SA

Brisbane company Linc Energy says independent studies have confirmed a major shale oil source in South Australia's far north, which officials have estimated could be worth $20 trillion. The company ...


Business pessimistic on trading, economic outlook

A survey of confidence by the nation's peak business lobby has found some indicators are at their lowest levels in 15 years. The Australian Chamber of Commerce and Industry's December quarter Survey ...


Australian soldiers shot in Afghanistan

Three Australian special forces soldiers have been wounded during an operation in Afghanistan's Uruzgan province on the weekend. Defence media says two soldiers were shot and have been flown to Tarin ...


WA, NT continue to lead state of the states

Western Australia has once again been judged the country's best performing economy, with the Northern Territory closing the gap in second place. CommSec's quarterly State of the States report shows ...


Chinese growth meets expectations

Chinese growth has met expectations, with the economy expanding almost 8 per cent for the year. Growth in the December quarter was 7.9 per cent higher than the same period a year earlier, making for ...


Boeing suspends new Dreamliner deliveries

United States aerospace giant Boeing says it has suspended deliveries of its new 787 Dreamliner jets until a battery problem is resolved, but will continue to build the planes. US Federal Aviation ...


Rio Tinto chief quits after heavy writedowns

Mining company Rio Tinto has announced the sudden resignation of its chief executive Tom Albanese. Mr Albanese's decision to stand down follows more than $13 billion worth of writedowns on the company's ...


Lucky prospector finds huge gold nugget

A gold nugget with an estimated value of more than $300,000 has been unearthed near Ballarat in Victoria's west. An amateur prospector found the nugget weighing 177 ounces, or 5.5 kilograms, with a ...

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