Budget will be a test for Abbott: Wong
Finance Minister Penny Wong believes the federal budget is a test of the opposition's commitment to a surplus.
NSW to get $200m in budget for road plans
NSW will be given $200 million in the federal budget to help it plan an M4 East motorway, M5 East duplication and a tunnel linking the F3 with the M2.
Swan proud of his 'battlers' budget
Treasurer Wayne Swan says the 'battlers' budget he will hand down on Tuesday is the one he is most proud of to date.
Facebook buys mobile discovery startup
Facebook has ramped up its focus on mobile lifestyles with the purchase of "social discovery" start-up Glancee.
International financial news
Finance news in brief from around the world.
CBA executive McEwan resigns
CBA retail banking group executive Ross McEwan has resigned to take up a senior position with the Royal Bank of Scotland.
ANZ tight lipped on rate cut
ANZ has posted a record $2.92 billion first half profit but has not indicated whether it will cut its interest rates.
Facebook IPO set for May 18
The Wall Street Journal has reported Facebook is set to hold meetings with prospective institutional investors to stir interest in the company's stock.
Surplus will involve sacrifices: Evans
Federal skills minister Chris Evans says it is the right decision to bring the May 8 budget to surplus although some tough decisions were involved.
Kiwi little changed ahead of labour data
The New Zealand dollar was little changed in local trading as markets prepare for job figures to feature over the next two days.
Positive start to ASX trading for Osprey
US-based Osprey Medical says it has had strong support from institutional and retail investors in Australia.
Leighton mining wins $604m contract
Leighton Holdings' mining division wins a $604 million, three-year contract for work at BHP Billiton Mitsubishi Alliance at its Peak Downs Mine.
DuluxGroup makes $188m bid for Alesco
Paint supplier DuluxGroup says Alesco will provide new platforms for future growth.
Woodside trims stake in Browse for $2bn
Japan's Mitsubishi and Mitsui & Co will spend $US2bn buying part of Woodside Petroleum's majority stake in the Browse gas project.
Weak house prices tally with soft economy
Weakness in housing prices evident in two separate indicators on Tuesday are consistent with the weakness in much of the economy.
RBA responds to soft economy
The RBA has responded to the soft economy by cutting the cash rate, but the actions of the banks in putting their rates up prompted an outsized cut.
NZ dollar gains against Australian dollar
The NZ dollar gained some favour with investors after a larger-than-expected rate cut in Australia took the shine off the aussie dollar.
RBA cuts cash rate by 50 points
The Reserve Bank of Australia has cut the cash rate by 50 basis points at its board meeting on Tuesday.
Stocks to watch at close on Tuesday
Stocks of interest on the Australian Securities Exchange at close on Tuesday
Coles to maintain margins in face of tax
Wesfarmers believes it can maintain its margins as it puts pressure on suppliers to justify cost increases before the carbon tax is introduced in July.
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