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BHP Billiton's iron ore production rises but gas slips

Last Updated: Wednesday, July 22, 2015, 13:05

The Anglo-Australian firm said ore output for the three months to June rose by six percent from the same period last year.

Australian inflation edges up but annual rate soft

Last Updated: Wednesday, July 22, 2015, 08:35

The latest figures were broadly in line with market expectations, with economists forecasting a 0.8 percent rise for the period for an annual reading of 1.7 percent.

Rich and American? Australia wants you

Last Updated: Monday, July 13, 2015, 09:28

But there`s a rather large catch: participants in the invitation-only Premium Investment Visa scheme will need to invest A$15 million ($11.57 million) for the privilege of becoming an Aussie.

Adani suspends Australian project's engineering work over delay in approvals

Last Updated: Monday, June 29, 2015, 14:31

Adani Enterprises on Monday said it has suspended engineering work at USD 16.5-billion Carmichael mine in Australia on account of delay in approvals.

Australian remittance firms group says re-opening bank ties unlikely

Last Updated: Friday, June 26, 2015, 15:13

Australia`s A$30 billion ($25 billion) remittance sector is struggling to survive as talks to re-establish ties with banks have so far failed, the head of the Australian Remittance and Currency Providers Association (ARCPA) said on Friday.

1,900 jobs to be axed in Australia due to emails

Last Updated: Friday, June 26, 2015, 09:16

The Australia Post said losses in its mail delivery business were approaching 500 million Australian dollars ($387 million) this financial year, reported Xinhua news agency.

Australia unemployment rate drops to 6.0 percent

Last Updated: Thursday, June 11, 2015, 13:48

The Australian economy has struggled to fill the gap left by the end of the boom in mining investment, which has helped it avoid a recession for more than two decades.

Adani signs deals to sell 70% of production from Oz mine

Last Updated: Thursday, May 21, 2015, 12:21

Adani Mining has signed contracts with buyers for selling nearly 70 percent of coal it plans to produce from its USD 16.5 billion Carmichael mine in Australia.

BHP spin-off South32 valued at $9.1 billion on listing

Last Updated: Monday, May 18, 2015, 09:04

BHP Billiton`s spin-off mining company South32 debuted on the Australian Securities Exchange on Monday at the lower end of expectations, valued at about Aus$11.3 billion (US$9.1 billion).

Australia targets multinationals in tax crackdown

Last Updated: Monday, May 11, 2015, 11:38

It also outlined proposals to force companies selling digital products, such as streamed content and e-books, to pay a goods and services tax.

Australia`s central bank revises down growth forecasts

Last Updated: Friday, May 8, 2015, 10:29

The bank said underlying inflation, measured at about 2.25% to 2.5% over the past year, was expected to remain within its 2.0 to 3.0% target.

Australia's jobless rate ticks up to 6.2% in April

Last Updated: Thursday, May 7, 2015, 08:33

The seasonally adjusted April data matched analysts` expectations, although economists had forecast 4,000 jobs to be added to the economy.