Latest Business News

BP must pay for clean-up, Obama tells Cameron
US president Barack Obama told British prime minister David Cameron that he will insist BP pays clean-up costs and meets economic claims from the Gulf of Mexico oil spill.

Waratah trains allegedly riddled with defects
The troubled Waratah trains project in New South Wales is in strife again, this time over allegations of shoddy work from China.

Gillard stands by embattled PM
Deputy Prime Minister Julia Gillard has dismissed calls for Kevin Rudd to be replaced as Prime Minister if Labor is to have a chance of winning the next election.