Liquidators for Queensland Nickel have been given a war chest to wrestle back hundreds of millions of dollars Clive Palmer's other companies owe creditors. FTI Consulting this week approved financial backing ...

Technology giant Apple has been named the world's most valuable brand despite seeing iPhone sales fall this year. Google secured second place and Coca-Cola came third according to a list of the top 100 brands compiled by Interbrand. Apple's brand value rose 5 per cent to $US178.119 billion in 2016, while Google saw an 11 per cent jump to $US133.252 billion.

BHP Billiton has renewed expansion plans for its petroleum business as a recovery in oil prices and reduction in costs makes investments in projects more attractive. "While currently well supplied, underlying fundamentals suggest both oil and gas markets are improving more quickly than our minerals commodities," Petroleum Operations president Steve Pastor told reporters. BHP's bullish outlook comes just months after it booked a $US7.2 billion charge to write down the value of its US shale assets amid a collapse in oil and gas prices and a gloomy short term outlook, pushing the company to a record full year loss.

Extreme weather led to the embarrassing state-wide blackout that plunged South Australia into darkness last week, a preliminary report has found. Australia's Energy Market Operation (AEMO) says severe weather led to the state's main power interconnector with Victoria overloading last Wednesday. The loss of three major transmission lines and 315 MW of wind generated power in the storm increased demand on the Heywood interconnector, the AMEO found.

The Australian dollar has slipped against the greenback after global risk sentiment fell on expectations the European Central Bank will probably wind down its bond purchases. At 1700 AEDT on Wednesday, ...

Resources giant BHP Billiton expects a growing cash flow contribution from its petroleum business, and high magins to continue, as oil and gas markets rebalance in the short-to-mid term. The company said its shale assets generate cash at current prices, while the unit cash costs in its conventional petroleum business are expected to be around $US10 per barrel of oil equivalent over the next 2 years. The bullish outlook comes on the back of a small recovery in oil prices in recent months, following a slump last year that contibuted to BHP's record annual loss in the 2015/16 financial year.