Latest Finance News



Australian stocks close higher

The Australian share market has closed at levels not seen in almost five years as a weakening domestic currency boosted the big miners. But banking stocks finished in negative territory, despite th..

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AUD tumbles to 11-month low

The Australian dollar has tumbled almost two US cents to its lowest level in more than 11 months and could move back below parity with the greenback in the next 24 hours. The currency fell to 100.4..

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Mirvac buys office assets for $584m

Property group Mirvac will pay $584 million for seven office properties across Australia as it looks to increase its ownership of inner-city workplaces.Mirvac has agreed to buy 90 Collins Street in Me..

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Mining boom near its peak, says RBA

The boom in Australia's mining investment is near its peak, though it will remain at very high levels for the next year or so.The Reserve Bank of Australia on Friday said capital expenditure in the re..

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US stocks follow global markets higher

US stocks regained momentum Friday after Thursday's losses, moving higher along with global equity markets as the G7 finance chiefs were to meet outside London on global economic challengesFive minute..

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