Latest Finance News



Australian share market closes lower

The Australian share market has closed slightly lower in choppy trading, after the United States government partially closed down because Congress failed to agree upon a new budget. Several factors..

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RBA still in wait-and-see mode

No change in the cash rate, no sign that a cut is likely soon, but no sign that a cut later on has been ruled out. That was the message as the Reserve Bank of Australia decided, as widely anticipat..

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A bout of positive economic data

All of the data on Tuesday pointed in the direction of a stronger Australian economy. The headline act was retail trade. The value of spending rose by 0.4 per cent between July and August, after..

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Fairfax axes 45 jobs

Fairfax Media will cut 45 jobs through the merger of business reporting across three newspapers and the closure of glossy magazine inserts.The company announced in an email to staff that the jobs woul..

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Mixed start for Australian shares

The Australian share market has had mixed start to trade, with investors taking a cautious approach as the US heads for a likely federal government shutdown. The market was in mildly positive terri..

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Japan PM to hike sales tax to curb debt

Japan's prime minister has vowed to press ahead with a sales tax hike seen as crucial to shrinking a huge national debt, although critics fear it would derail a budding economic recovery.The move mark..

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