Latest Finance News



Loans to help people out of poverty

With five children to feed on a wage of 63 cents a day, Yumina and her family struggled to survive in their small village in West Timor. A small loan worth about $A460 changed their lives. "I de..

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Personal finance fell 2.6% in August

Personal finance loans were down 2.6 per cent in August. The Australian Bureau of Statistics (ABS) on Tuesday said personal finance commitments, seasonally-adjusted, fell to $7.763 billion in Augus..

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Caltex to sell bitumen business

Fuel supplier and retailer Caltex will sell its Sydney bitumen business to Puma Energy, a subsidiary of Dutch commodities trader Trafigura Beheer BV. Caltex supplies bitumen, which is a by-product ..

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RBA says rate cut still a possibility

The Reserve Bank of Australia is holding fire on interest rates, but says another cut is possible.Most forecasters, including economists from all four of Australia's major banks, are now saying that a..

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Telstra defends CEO’s pay packet

Telstra has defended chief executive David Thodey's $8.8 million pay packet after a shareholder questioned whether the telco's performance justified such a salary.At the telco's annual general meeting..

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Tabcorp’s first quarter revenue grows

Gaming firm Tabcorp's revenue grew by three per cent in the first quarter of the financial year, despite what it describes as tough trading conditions.Revenue in the three months to September 30 was $..

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US stocks close higher

US stocks reversed losses and finished higher amid encouraging signs from the White House and Congress that a deal is in reach on the budget and debt ceiling. At the close on Monday, the Dow Jones ..

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