In a statement, Santos says its independent directors and chief executive unanimously resolved to reject the $14.4 billion offer, which it says was "too low" and "high risk".

There are high hopes direct flights between Broome and Singapore will reverse a slump in tourist numbers in Western Australia, and open up new opportunities for visitors from Asia and Europe.

Most Australians are blissfully unaware of rising US bond yields, but the building "bondcano" has the potential to burn Australian households.

Garry Robinson walks free after pleading guilty to falsifying Commonwealth documents that allowed 22,000 sheep to be imported into Pakistan, where they were brutally killed in vision that shocked Australia.

Building materials maker James Hardie says compensation claims from its historical production of asbestos fibre are higher than expected and have dragged down its profits.