Latest Finance News



Australian share market closes higher

Australian shares are close to their highest point for the year as investor confidence is boosted by a decisive federal election result and encouraging Chinese economic data.Stocks are also being boos..

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Drillsearch inks $120m deal with Santos

Drillsearch has signed a $120 million joint venture deal giving Santos a 60 per cent stake in the Western Cooper Wet Gas project.Drillsearch said the set of agreements aimed to accelerate Western Coop..

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Arafura shares up 30% on China deal

Shares in Australia's Arafura Resources shot up more than 30 per cent after it struck a deal with China's Shenghe Resources to consider developing its Northern Territory rare earths mine.Shenghe, a ra..

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Jobless rate expected to rise

The unemployment rate is expected to have hit a four year high in August as businesses held off on hiring until after the federal election. Official labour force figures will be released on Thursda..

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CUA posts record $57.5m profit

Credit Union Australia (CUA) has achieved a record annual profit but warns the year ahead will be challenging due to fierce competition sparked by low interest rates. CUA, Australia's largest custo..

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Elders to cut workforce by 10 per cent

Struggling rural services company Elders is set to axe about 150 jobs, or about 10 per cent of its workforce, as it re-organises and refinances its business and reduces its debt.Elders chief executive..

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US stocks rise at hint of Syria deal

US stocks have risen, helped by optimism that a military strike on Syria might be avoided. The Dow Jones Industrial Average gained 140.62 (0.94 per cent) to 15,063.12 on Monday. The broad-based ..

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