Latest Finance News



CBA posts a record profit

Australia's biggest mortgage lender has posted a record first half profit result just days after inflicting more pain on home loan customers. The Commonwealth Bank of Australia (CBA) on Wednesday r..

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Stocks close up in late rally

The Australian stock market closed slightly higher on Wednesday, with financial sector stocks dragging it across the line in a late rally. The benchmark S&P/ASX200 index closed up 10.6 points, ..

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Westfield upbeat on growth

Shopping centre giant Westfield is upbeat about the future of retail sales in Australia despite overriding consumer caution and economic uncertainty abroad. Westfield chief executive Steven Lowy sa..

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Consumers boost car sales

Sales of new motor vehicles in Australia rose 1.3 per cent in January, official data showed. The Australian Bureau of Statistics (ABS) said on Wednesday new vehicle sales rose to 85,624 units in Ja..

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St George lifts interest rates

St George Bank has lifted its standard variable home loan rate by more than the big four banks, saying it is important for the economy that it remains strong. St George will lift its standard varia..

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