Latest Finance News



Australian share market closes higher

The Australian share market has closed at its highest level in more than four years, with reporting season delivering mostly positive results. At the close on Tuesday, the benchmark S&P/ASX200 ..

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RBA playing wait and see on cash rate

The minutes of the central bank's February board meeting struck a positive tone about the local economy. The Reserve Bank of Australia (RBA) kept the cash rate at three per cent at its first meetin..

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Arrium flags steel job cuts

Steel and mining group Arrium has warned it will cut more jobs from its Australian steel division, after it pushed further into the red.Arrium on Tuesday posted a $447.2 million net loss in the six mo..

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Australian shares open lower

The Australian market has opened lower as investors remain cautious ahead of Italy's general election. At 1023 AEDT on Tuesday, the benchmark S&P/ASX200 index was down 7.3 points, or 0.14 per c..

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Arrium falls further into the red

Steel and mining group Arrium has fallen further into the red as the high Australian dollar and weak construction markets cause a massive writedown on its assets. Arrium made a net loss of $447.2 m..

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AUD almost level in quiet trade

The Australian dollar is virtually unchanged after a quiet night of trade with US markets closed for the President's Day public holiday. At 0630 AEDT on Tuesday, the local unit was trading at 102.9..

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Asciano sticks to five year targets

Ports and rail operator Asciano is sticking to its five-year earnings targets after posting a 74 per cent increase in first half profit in the face of industrywide downgrades.Shares in the company gai..

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SCA shares up as ad market improves

Southern Cross Austereo (SCA) shares rose about 10 per cent to a nine-month high after the broadcaster presented a cautiously optimistic outlook about the advertising market.The share price rally came..

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Australian market set to open flat

The Australian market looks set to open flat with Wall Street closed and after European stocks mainly fell following the G20 meeting that spared Japan an accusation of unfairly devaluing its currency...

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