Sixty-five extremely rare pink and red diamonds were unveiled Friday by mining giant Rio Tinto which expects the stones from a remote western Australia mine to fetch record prices.
South Korea's outbreak of the potentially deadly MERS virus on Thursday forced the central bank to cut its key interest rate to ward off greater economic damage, as retailers report a slump in business.
Australian Treasurer Joe Hockey on Tuesday widened a probe into the illegal buying of residential property by foreigners, with almost 200 sales being investigated for breaching investment rules.
Australia's Treasurer Joe Hockey will reconsider what has been dubbed the "tampon tax" after a campaign by a university student rallied nearly 100,000 supporters in branding the levy sexist.
Australia must pour more money into transport systems or risk gridlock in its biggest cities costing more than AU$53 billion (US$42 billion) a year, an infrastructure audit published Friday found.
Australian Treasurer Joe Hockey said Thursday his government will not set up a parliamentary inquiry into the massive iron ore sector following discussions with regulatory bodies and industry players.
BHP Billiton's spin-off mining company South32 debuted on the Australian Securities Exchange Monday at the lower end of expectations, valued at about AU$11.3 billion (US$9.1 billion), but its chief said it offered long-term value.
The U.S. Department of Commerce (DOC) has found that Taiwan's steel nail exporters have not been violating U.S. anti-subsidy rules, the Ministry of Economic Affairs (MOEA) said Saturday.
Australian Prime Minister Tony Abbott ruled out an early election Wednesday during a media blitz to sell the budget as opponents accused the government of delaying fiscal repair to win votes.
Australia's top finance official said Monday he will introduce legislation to force global corporations to pay a fair amount of tax on their Australian earnings.