Business News

Resources lead stock market higherTHE Australian share market closed higher today, supported by a buoyant resources sector and solid economic data.
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Full head of steamAUSTRALIA has produced another dazzling set of economic growth figures, vindicating this week's interest rate rise.
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Back to normal transmissionSPENDING rose pretty much across the board in the Australian economy in the December quarter - powering the economy back to a 'normal' growth rate.
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Car buyers back in the marketTHE number of vehicles sold in Australia rose 17.1 per cent in February as buyers returned to the market.
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How nine perished in fireIT was the street of despair and the house of hell.
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World envies Australia, says SwanUPDATE 3.53pm: AUSTRALIA'S economic growth made us the envy of the developed world, according to Treasurer Wayne Swan.
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Tax law an ass: judgeTHE furore over the proceeds of the $2.4 billion Myer float erupted again yesterday.
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TV-tractor tie-up tickINVESTORS are now seeing that Kerry Stokes' proposed marriage of his TVs and his tractors is a win-win for both sets of shareholders.
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More than an air of mystery?US RETAIL banking giant Wells Fargo has been causing a stir at Melbourne Airport, with at least three company jets landing in town last week.
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Rio pushes price talksRIO TINTO boss Tom Albanese has warned that relations between the world's iron ore miners and buyers risk becoming "unmanageable".
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Westpac, NAB follow suit on ratesUPDATE 3.46pm: ALL four of Australia's biggest banks have raised interest rate on home loans by 25 basis points.
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Anxiety drug `safe'DRUG developer Bionomics yesterday said new tests showed its anxiety and depression treatment was safe and well tolerated in high doses.
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Tatts takes chanceTATTS Group has surprised investors by paying a premium price of $850 million for the NSW Lotteries rights.
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Market flat ahead of rates decisionTHE Australian share market closed higher today as traders reacted to the Reserve Bank decision on interest rates.
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Building approvals slumpBUILDING approvals posted their first fall in five months as the first home buyers' grant was wound back and interest rates rose.
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