Latest Finance News



Aussie shares close slightly higher

The Australian share market has finished slightly higher as defensive stocks performed well after the release of the government's budget update. Bell Direct equities analyst Julia Lee said investor..

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Saputo sweetens cheese takeover offer

Canadian dairy giant Saputo has again sweetened its takeover bid for Warrnambool Cheese and Butter (WCB), after the involvement of the Takeovers Panel. Saputo has raised its offer due to concerns f..

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Aussie shares trading higher

Australian stocks are trading higher following gains on US and European markets overnight. Morgan's private client adviser Alistair McCorquodale said the move higher offset Monday's losses. "We'..

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$A keeps rate cut on RBA agenda

For the eleventh time this year, the Reserve Bank of Australia has used the minutes of its monthly monetary policy meeting to signal the possibility of further interest rate cuts. It also signalled..

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Aussie mobile firm partners with SingTel

Australian mobile payments group Mobile Embrace wants to expand its presence throughout Asia after securing a deal with Singapore Telecommunications.Mobile Embrace will provide direct billing services..

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Another cash rate cut still possible

Another cash rate cut could be on the cards but the Reserve Bank would rather see a lower Australian dollar do the heavy lifting to boost the economy.The RBA said it would not close off the possibilit..

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Markets surprise amid tales of woe

Bad news about a slow Australian economy, the high Australian dollar and endless will they-won't they fretting about the US taper have obscured a surprising truth this year - investors did pretty well..

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GM to invest $US1.3b in factories

Five General Motors factories in three states will soon share in a $US1.3 billion ($A1.46 billion) investment so they can make higher-quality pickup trucks and new fuel-efficient engines and transmiss..

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Third major beer player makes its debut

Coca Cola Amatil boss Terry Davis has a million dollars' worth of beer to deliver to new customers this week.The soft drink distributor is back in the beer market after an enforced two year hiatus bro..

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US stocks rise

US stocks have jumped following a strong report on US industrial output that came a day before a much-anticipated US Federal Reserve policy meeting.The Dow Jones Industrial Average rose 129.21 points ..

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