Infratil will return $120m to shareholders as a special dividend after it sold its Australian energy assets for a net $670m.

Billionaire Gina Rinehart has quit the board of the Ten Network to focus on the construction of her giant iron ore project.

Twenty-three buildings taller than 200 metres are currently being planned or built in Melbourne, many by Asian developers.

Australia's federal government is mulling lifting GST but any rise should be matched by income tax cuts, leading economists say.

As prices for iron ore are projected to slip, cattle is becoming more attractive to Australian mining companies.

The last time billionaire James Packer bet on Las Vegas's casino industry he lost $1.5 billion, but he is having another punt on Sin City with a new venture.

Prime Minister Tony Abbott's bid to put Australia back on a path to surplus is under threat from senators opposing A$40 billion ($37.6 billion) in savings.