Yesterday, as China allowed the yuan to drop at the fixing the Australian and New Zealand dollars also faced the jitters.

But with some assurance from the central Bank of China that will not allow the yuan to drop to shore up the economy, both the currencies bounced back a little on Thursday.

There may be some good news for the Virgin Australia Holdings Ltd's share holders as in its first half earnings report, the air

Suncorp, the insurance giant based in Queensland gave a special dividend to its share holders and posted a half yearly profit with a fifty five percent lift in the full-year profit forecast, though the company took a hit due to the natural hazard events in the year.

Veteran American comedy duo Cheech and Chong have cancelled their Australian tour as Chong is being treated for rectal cancer.

The veteran comedians were about to fly to Brisbane on Thursday for their ‘Up In Smoke Greatest Hits’ tour.

It was told that Chong was diagnosed with prostate cancer in 2012, and in 2013 said he had defeated the disease.

Westpac, an Australian bank and financial-services provider, is going to apply tougher tests to new property investor borrowers while assessing how they would manage with higher interest rates in response to regulators' attempts to prevent the housing market from overheating.

The largest gold producer of the world, Barrick Gold Corp aspires to go "back to the future" when its roots were lean and agile and its business model centred around an environment where the company's operational heads enjoyed more autonomy and accountability.