Interest rates rise to 12-year high
THE central bank has boosted official interest rates by 25 basis points to 7.25 per cent, the highest level in over 12 years, to combat rising inflation. news.com.au
Share prices post surprise gains
THE share market was higher at noon, boosted by financials and the prospect of another interest rate cut in the United States later tonight. news.com.au
Housing crunch blamed on immigration
AN uncontrolled increase in immigration in the past three years has fuelled the housing affordability crisis, home builders say. news.com.au
Rio delivers record iron ore production
RIO Tinto Ltd, the world's third largest miner, has posted record first quarter iron ore output, while coal production has suffered from severe flooding in Queensland. news.com.au
Lihir reports first quarter production drop
LIHIR Gold has reported a dip in first quarter gold production but maintains its production guidance for calendar 2008. news.com.au