Latest Finance News



Aussie stocks close up

Australian shares rose 1.5 per cent as investors clung to comments from French and German leaders that Greece's future was "in the eurozone" after talks with the debt-ridden country were held.However,..

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Myer expects profit decline

Myer expects its annual profit to fall by up to 10 per cent in the current fiscal year as the department store operator endures the worst retailing environment in 30 years.Myer reported a net profit o..

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Strike begins at Freeport

Thousands of workers at Freeport-McMoran's gold and copper mine in eastern Indonesia have begun a month-long strike over a wage dispute.Union spokesman Juli Parorongan said roughly 90 per cent of the ..

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Facebook delaying an IPO

Facebook plans to wait until late next year before going public, the Financial Times (FT) reported on Wednesday.The newspaper, citing people close to the company, said Facebook co-founder Mark Zuckerb..

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Rates to rise in 2012: NAB

One of the big four banks expects the Reserve Bank of Australia (RBA) to raise interest rates six months later than previously expected, after changes were made to a key measure of inflation.National ..

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Aussie stocks up at noon

The Australian share market opened more than one per cent higher after a rally on European and US markets, as investors clung to positive comments from French and German leaders about the eurozone deb..

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Stocks to watch Thursday

Stocks to watch on the Australian stock exchange on Thursday:APN - APN NEWS & MEDIA LTD - down two cents, or 2.3 per cent, at 85 centsFXJ - FAIRFAX MEDIA LTD - down three cents, or 3.75 per cent, ..

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New vehicle sales rise 3.3% in August

Sales of new motor vehicles in Australia rose 3.3 per cent in August, official data shows.The Australian Bureau of Statistics (ABS) said on Thursday that new vehicle sales rose to 87,935 units in Augu..

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