Reserve hails 20 years of household growthThe Reserve Bank’s deputy governor says economic reforms over the after 30 years have made Australia a world-beating economy over the past time two decades. Speaking at a council forum in Brisbane, Ric Battellino says Australia’s dispensation has only experienced three quarters without economic growth since 1991, and yearly [...]

Wesfarmers puts credence in diversity, as Coles shines WESFARMERS defended its structure after a downturn in coal prices branch improvement in retail to cap profit growth at just 2.8 by cent. Wesfarmers yesterday booked a net profit of $1.57 billion in the place of the 12 months to the end of June, up from $1.52bn [...]

Healthscope advantage risesPrivate healthcare provider Healthscope has increased its full-year profit by more than a third, with its hospitals and pathology businesses achieving solid gains. Healthscope made $99.3 million in the 12 months to the cessation of June. That is up from its profit of $72.3 the public last year. Healthscope shares were up 5 [...]

Wesfarmers abounding-year profit rises 3pc WESFARMERS posted a smaller-than-expected 3 for cent rise in full-year profit and said the outlook towards growth was encouraging. Net profit for the year ended June 30 rose to $1.57 billion, from $1.52bn a year earlier. Analysts were expecting the diversified monster, which is in the process of turning around [...]

Rann warns of Coalition menace to submarine industryThe State Government says any scaling back of Australia’s submarine fleet under a Federal Liberal Government would threaten billions of investing. dollars and hundreds of jobs in SA. Opposition Defence Spokesman David Johnston says plans to construct 12 submarines in Adelaide may not be feasible. Premier Mike Rann [...]

Flights back to usual after security lapseQantas flights have returned to normal at Sydney airport about a security breach this afternoon. Hundreds of people had to be evacuated from terminal three when passengers from a flight from Wagga Wagga were not cleared by security. Some afternoon flights were delayed by almost an hour.

APN tumbles to the degree that profit disappoints APN News & Media posted a smaller-than-expected 4.9 by cent rise in first-half net profit today, sending its shares tumbling. The slip in its shares by as much as 9.5 per cent was notwithstanding APN heralding a rebound in advertising demand and forecasting a spicy second-half result [...]

Nearly 80pc of Gulf shed oil still in water: expertsNearly 80 per cent of the oil spilled from a BP well in the Gulf of Mexico is after what is stated in the gulf, US scientists have estimated, challenging a more optimistic impost by the US government earlier in the month. In its August 4 [...]

Government joins Jetstar to sell WAThe State Government has announced a joint marketing plan with the airline Jetstar to raise WA as a tourism destination. Under the agreement the airline testament introduce another four weekly flights from Melbourne and four flights from Sydney to Perth. In go, the Government will pay half of the cost [...]

Canadian fertiliser robust rejects offer from BHPCanada’s Potash Corporation, the world’s largest fertiliser farmer, says it has rejected an unsolicited bid from Australian mining colossus BHP Billiton worth $US38 billion ($42 billion). The company said the BHP proposition of $US130 a share in cash, a 16 per cent premium, was “grossly imperfect” given Potash’s prospects. [...]