ANDREW 'Twiggy' Forrest's wealth has catapulted over the $10 billion mark after the share price of his Fortescue Metals surged to $10.59.

US stocks closed in positive territory today as oil prices fell, bringing inflation relief after hitting record highs above $US135 a barrel last week.

CONSTRUCTION activity in Australia rebounded in the March quarter, indicating steady growth in the sector, particularly engineering, economists said today.

QANTAS passengers face possible delays tomorrow as hundreds of maintenance engineers stop work over a wage dispute.

AUSTRALIA'S rural economic forecaster has challenged predictions the world is about to run out of oil, saying it has enough to last at least another 30 years.

THE Rudd Government is prepared to review the $555 million luxury car tax only two weeks after it was unveiled in the budget and even before the new tax laws are introduced into parliament.

ONE in two property investors could be forced to sell their home if rates rose another 1pc, a NEWS.com.au survey reveals.

AUSTRALIA is heading for an abrupt slowdown in economic growth, with business expected to pull back investment, putting jobs at risk.