Latest Finance News



Aussie shares close lower

Shares closed weaker as worries about Iraq and the sudden sale of nearly 10 per cent of Woodside shares weighed on the market. IG chief market strategist Chris Weston said Shell's liquidation of mu..

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Stocks to watch at close on Tuesday

Stocks to watch on the Australian stock exchange at the close on Tuesday: BRU - BURU ENERGY - up 1.5 cents, or 1.3 per cent, at $1.155 The West Australian government has decided to allow Buru En..

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China May FDI down 6.7%

Foreign direct investment (FDI) into China fell 6.7 per cent year-on-year to $US8.6 billion ($A9.30 billion) in May, the government says. For the first five months of the year FDI - which excludes ..

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Product approval boosts Osprey shares

Shares in Osprey Medical have soared after a new version of its main product received regulatory approval for use in the United States. The US Food and Drug Administration has cleared the second ge..

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Rates likely to stay put for a while

The Reserve Bank appears more downbeat on Australia's economic growth prospects, suggesting interest rates could be on hold for even longer. The minutes of the central bank's June board meeting hig..

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Shell to sell most of Woodside stake

Australia's largest oil and gas company Woodside Petroleum will spend nearly $3 billion to get Royal Dutch Shell off its share register. Woodside's largest shareholder, petroleum giant Shell announ..

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Commodities markets summary

A summary of trading in key commodities markets overseas: ENERGY US oil traded little changed at nine-month peaks, while Brent rose modestly as investors watched the unfolding sectarian conflict..

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