Another rally in CBA shares coupled with a strong day for Fortescue Metals sparked an intraday turnaround in the Australian sharemarket, which ended higher for a sixth straight session.
Australian shares shrugged off a negative lead from Wall Street to finish in positive territory on Thursday, led by the big banks and a good result from Fortescue Mining.
There's a consensus of gloom over the prospects of many of the world's largest economies at the moment which underscores the current need for caution in risk taking and gearing decisions.
Orica chairman Russell Caplan warns there is no short-term relief in sight for Orica’s struggling mining customers.
You can read about the complexities of the Greek election everywhere but let me make it simple for you with a brief analogy. Imagine two football teams. The American Team has 50 players that have utter faith in their coach and do what she says. They are top of the league. Then there is the European Team.
Those hoping for a quick recovery in the price of oil might end up being disappointed, with Goldman Sachs and Barclays forecasting the slump to continue for much of 2015.
€317bn. Over 175pc of national output. That's the enormous debt mountain that faces the new Greek government. It is the issue over which the country is set to clash with other countries in the eurozone.
Billionaire retailer Gerry Harvey has accused Australia's powerful business lobby groups of failing to represent ordinary tax-paying businesses and instead pushing the interests of profit-shifting multinationals.
Local shares are poised to open lower, as the US Federal Reserve signalled it continues to position to start lifting US interest rates later this year.
One of the companies building the national broadband network has collapsed, citing a lack of work from Australia's largest infrastructure project.
Australia Day was celebrated with great enthusiasm in Bombala over the weekend, and here's what it looked like...
Much to the amazement of the community, the township of Bombala was hit by a low category tornado ...
A tornado, a triathlon and talent on show - our Australia Day had it all!
Former Bombala local, Mal Stone was named the Champion Soldier of 6 RAR last year.
Although amalgamation is still only a possibility, Bombala Council has met with Cooma-Monaro and Snowy River to discuss ...
Although no positive results have been returned yet, ten local homes are in the process of being assessed ...