Latest Finance News



Australian shares fall on US concerns

Australian shares have closed lower for a second straight day as investors sold banking stocks due to worries about US stocks being overpriced. "There seems to be profit taking of banks and defensi..

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Activist aims for BHP’s board

Mining executive-turned board nominee Ian Dunlop will tell BHP Billiton's shareholders this week that the company is headed for oblivion unless it acts on climate change. Mr Dunlop faces an uphill ..

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Qantas steps up campaign against Virgin

Qantas has asked its 30,000 staff and their families and friends to support its campaign against the foreign ownership of rival Virgin Australia. The airline has set up an online petition against t..

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iiNet boss says he needs a break

The founder of internet service provider iiNet is stepping down as managing director to take a break. Michael Malone, who co-founded the company in a garage in Perth in 1993, will step down for bet..

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Spending hits Thorn Group profit

Spending on new businesses has caused a five per cent fall in half year profit for the owner of Radio Rentals, Thorn Group. Thorn's profit of $13.3 million for the six months to September 30, is do..

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RBA keeps rate cut possibility open

The Reserve Bank says it could deliver another cash rate cut, as the Australian dollar remains "uncomfortably high".Low interest rates were working to stimulate the economy but the Australian dollar n..

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Seven Group on the hunt for acquisitions

Seven Group is on the hunt for new acquisitions as it sheds more than a 1,000 jobs at its earthmoving company WesTrac.Seven Group chief executive Don Voelte said there were "tremendous opportunities" ..

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$A lower ahead of RBA minutes

The Australian dollar is lower in cautious trade ahead of the release of the minutes of the Reserve Bank of Australia's November board meeting. At 0700 AEDT on Tuesday, the local unit was trading a..

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Dow ends at new record

The Dow edged higher to a fresh record after topping 16,000 for the first time, while the S&P 500 breached 1,800 but pulled back in late trade.The Dow Jones Industrial Average closed with a meager gai..

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