Latest Finance News



Australian shares close higher

The Australian market closed higher after investors received a glimmer of hope that US politicians may be able to negotiate to avoid falling off the "fiscal cliff". At close on Monday, the benchmar..

Full Article >

NAB boss’ s pay rises to $8.8m

National Australia Bank chief executive Cameron Clyne has received a small pay rise to $8.8 million. But Mr Clyne remains the third-highest paid of Australia's bank bosses, behind ANZ's Mike Smith ..

Full Article >

China to become nuclear number one: Rio

China is on track to become the world's largest generator of nuclear power between now and some time in the 2020s, a senior Rio Tinto executive says. Rio Tinto Energy general manager of markets and..

Full Article >

APLNG gets first of US$8.5bn in funds

The Australia Pacific liquefied natural gas (APLNG) joint venture has begun drawing on its $US8.5 billion ($A8.25 billion) funding facility for its massive LNG project in Queensland. APLNG on Monda..

Full Article >

Arrium narrowly avoids first strike

Steel-maker Arrium has narrowly avoided a first strike against its executive remuneration package, as its chairman urged frustrated shareholders to keep faith in the company's mining-led future. Ch..

Full Article >

Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, November 19 ANZ - ANZ BANKING GROUP LTD - down 39 cents at $23.66 ANZ chief executive Mike Smith's annual pay has grown to $10.1 milli..

Full Article >

US stocks rise on hope for progress

US stocks snapped a three-day losing streak on Friday after political leaders signalled a determination to compromise to avoid sending the economy over the fiscal cliff. Shares opened lower but too..

Full Article >