Latest Finance News



BHP sets more production records

BHP Billiton's record-laden full year production report has impressed analysts, but they don't expect to upgrade profit forecasts for the mining giant on the back of the output result.BHP Billiton on ..

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NZ dollar powers ahead

The New Zealand powered to a new post-float high against the greenback as gains in stocks helped lift global risk appetite, boosting higher-yielding currencies.Stocks in the United States rallied as p..

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Coca-Cola 2Q net income rises

Coca-Cola Co says its second-quarter net income rose 18 per cent as it sold more drinks around the world, especially its namesake brand.The world's largest beverage maker earned $US2.8 billion ($A2.65..

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Debt fears drive down US stocks

US stocks took a beating on Monday as the debt-ceiling battle in Washington and the broadening debt crisis in Europe weighed on investor confidence.The Dow Jones Industrial Average fell 94.57 points (..

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Novartis says Q2 net profit up 12%

Swiss drugmaker Novartis AG saw net profits rise 12 per cent to $US2.73 billion ($A2.58 billion) in the second quarter amid strong sales of new products and healthy growth in emerging markets such as ..

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UK regulator repeats BAA selloff ruling

Britain's competition watchdog reiterated its ruling for Spanish-owned airports operator BAA to sell two more airports including London Stansted."BAA will be required to sell Stansted Airport followed..

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BofA reports $9.1bn loss in 2Q

Bank of America reported a loss of $US9.1 billion ($A8.61 billion) during the second quarter partly due to the $US8.5 billion ($A8.04 billion) settlement with investors who claimed the bank had sold t..

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India reveals massive uranium discovery

A new mine in south India could contain the largest reserves of uranium in the world, a government official says, signalling a major boost for the energy-hungry nation.The Tumalapalli mine in Andhra P..

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RBA drops rate rise pointer

Sometimes central banks can say more by saying less.And what the Reserve Bank of Australia (RBA) left out of the minutes of its July 5 monetary policy meeting was at least as telling as what was inclu..

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RBA in no hurry to raise interest rates

The central bank says time is on its side and it will wait for more economic data before moving on interest rates.With coal exports still to recover from the summer floods, employment growth easing an..

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Boral buys two quarries, concrete plant

Boral Ltd will buy two quarries and a concrete plant for $81.5 million on Queensland's Sunshine Coast as the brick maker aims to take advantage of the growing population in that part of the country.Th..

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