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AGL Energy has sold its Hallet 2 wind farm, which is under construction in South Australia, to Energy Infrastructure Trust (EIT) for $59 million.

ALLCO Finance chief executive David Clarke says the company “deeply regrets” the loss of shareholder value that led to a huge $1.713 billion loss in annual profit.

THE equities market was up at noon on the back of financials, property trusts and healthcare, although the utility and gold sectors played laggards.

OIL prices rebounded in Asian trading today as traders kept a close watch on a storm moving toward the Gulf of Mexico and key oil installations, analysts said.

THE Australian dollar was weaker at noon as it battled against surprisingly strong US economic growth data and a drop in crude oil prices.

A cloud is hanging over the future of another West Australian gas project with Woodside threatening to cut back spending on a gas resource off the Kimberley if the Federal Government does not overhaul its draft emissions trading scheme.

In another sign of just how hard the credit crisis has hit Britain, the country’s biggest homebuilder has posted a 96 per cent fall in its profits.

The former chief executive of ANZ Bank, John MacFarlane, has been named to the non-executive board of Britain & #39;s second largest bank, the Royal Bank of Scotland.

A union has called on the federal government to freeze tariffs on imported cars as two Melbourne car parts manufacturers cut jobs.

Oil prices climbed for a third day as fears deepened that Tropical Storm Gustav could enter the Gulf of Mexico and disrupt oil and natural gas production.