Latest Finance News



Australian shares weighed down by banks

Falls by financial stocks have kept the Australian share market in negative territory, despite positive offshore leads. Resources stocks did reasonably well thanks to economic reforms announced in ..

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First strike against iSelect

Insurance comparison website iSelect's first AGM as a public company has resulted in a first strike vote against its executive pay. Shareholders were unimpressed that while they have received no di..

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Qantas takes swipe at Virgin ownership

Qantas has called on the federal government to examine a "virtual takeover" of Virgin Australia by foreign airlines which it says could distort the domestic aviation market. But Virgin Australia sa..

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NAB CEO takes pay cut to $7.7m

National Australia Bank boss Cameron Clyne's annual pay has dropped by more than $1 million to $7.76 million. The fall, from $8.78 million in the previous year, was caused by a slightly lower cash ..

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Downer EDI wins Roy Hill mine contract

Engineering group Downer EDI has won a $500 million contract with mining magnate Gina Rinehart's Roy Hill iron ore project. Downer is expecting to employ more than 220 people over four years as it ..

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Elders books a $505m loss

Agribusiness Elders has fallen to an annual loss of $505 million, but says big costs from its restructure are behind it.The $505 million loss, which the company had previously flagged, was a result of..

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US stocks push higher

US stocks have set fresh all-time highs for the third straight day after Federal Reserve chief nominee Janet Yellen bolstered expectations of the Fed keeping the flow of easy money. The Dow Jones I..

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