Australia's central bank cuts interest rate to 2%

Last Updated: Tuesday, May 5, 2015, 10:42

Annual core inflation was 0.6 percent in the three months to March to take the year-on-year rate to 2.35 percent, which is within the RBA`s two to three percent inflation target band.

Australia's Westpac H1 net profit flat

Last Updated: Monday, May 4, 2015, 08:51

Despite the flat result, which was slightly below expectations, the Sydney-based lender lifted its interim dividend to 93 cents per share.

Asian shares falter, Aussie dollar hit on soft China PMI

Last Updated: Monday, May 4, 2015, 08:21

The HSBC/Markit Purchasing Managers` Index (PMI) fell to 48.9 in April - the lowest level since April 2014 - from 49.6 in March, as demand faltered and deflationary pressures persisted.

Oz group files review plea in SC over Alpha Coal Mine project

Last Updated: Wednesday, April 22, 2015, 14:47

An Australian conservation group today filed a judicial review application in Queensland Supreme Court challenging billionaire Gina Rinehart and Indian miner GVK over Alpha Coal Mine project jointly owned by them.

Australia inflation remains soft, keeping rate cut door open

Last Updated: Wednesday, April 22, 2015, 09:07

Australian consumer prices rose 0.2 percent in the three months to March, data showed Wednesday, with the annual headline inflation rate softening to give the central bank room to cut interest rates.

Australia's jobless rate falls to 6.1%

Last Updated: Thursday, April 16, 2015, 08:22

Full-time roles increased by 31,516 while part-time jobs rose 6,148. The participation rate, which measures the proportion of adults in work or looking for work, strengthened from a seasonally adjusted 64.7 percent to 64.8.

Adani project faces fresh trouble by Australian aboriginals

Last Updated: Wednesday, April 15, 2015, 16:58

India's mining giant Adani Group is 'misleading' the public to suit its own economic interests by 'wrongfully' asserting that Australian aboriginals support its 16.5 billion-dollar project in their ancestral land, one of the three representatives of the natives said Wednesday.

India, Australia discuss steps to boost investment

Last Updated: Monday, April 13, 2015, 21:48

India and Australia on Monday discussed ways to step up bilateral investment and trade at a meeting between Finance Minister Arun Jaitley and Australian Foreign Minister Julie Bishop.

Aurobindo divests Australian arm to Eris Pharma

Last Updated: Friday, April 10, 2015, 13:23

Aurobindo Pharma has divested stake in its Australian subsidiary to Eris Pharma for an undisclosed amount to focus on the US, European and emerging markets.

Australian green lobby drags Adani group in court over mine project

Last Updated: Tuesday, March 31, 2015, 12:45

An Australian environmental lobby on Tuesday dragged Adani group in the Land court of Queensland, objecting to the Indian mining giant's 16.5 billion dollars Carmichael Coal mine project in the coal-rich state on the ground that it would endanger biodiversity in the region.

Australia's unemployment rate eases to 6.3%

Last Updated: Thursday, March 12, 2015, 09:26

The unemployment rate fell from 6.4 percent in January, a more-than 12-year high, according to the Australian Bureau of Statistics -- in line with analysts` forecasts.

Australia central bank leaves interest rates at 2.25%

Last Updated: Tuesday, March 3, 2015, 09:49

The Reserve Bank of Australia last month cut rates for the first time in 18 months, dropping its cash rate by 25 basis points to a historic low of 2.25 percent.