Latest Finance News



Fortescue starts paying back debt

Iron ore miner Fortescue Metals Group will start reducing its $12 billion in debt from November. The first step in its debt reduction program will be the early repayment of what it says is its most..

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Flat day on Australian share market

The Australian share market is trading relatively flat after a weaker than expected performance from Wall Street. Investors are also cautious ahead of on an important central bank meeting in the US..

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Regis doubles full year profit

Regis Resources has more than doubled its full year profit due to a boost in gold sales and higher prices.The gold miner made a net profit of $145.7 million in the year to June 30, up from $68.2 milli..

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Further rate cut possible, but not yet

The Reserve Bank is inclined to make another interest rate cut, but it doesn't look like it will happen soon."Members agreed that the Bank should neither close off the possibility of reducing rates fu..

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Premier taking Smiggle to the UK

Retailer Premier Investments is taking its children's brand Smiggle to the UK as it forecasts a sluggish Australian retail environment.The aggressive growth strategy for Smiggle, and the continued exp..

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UK earns STG3.2bn from Lloyds sale

The British government has earned STG3.2 billion ($A5.49 billion) from the sale of 6.0 per cent of part-nationalised Lloyds Banking Group.The coalition government had on Monday launched plans to sell ..

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