Latest Finance News



Aussie stocks slump 1.1%

Australian shares posted a third consecutive trading day of losses as optimism evaporated about the eurozone debt deal after Greece's call for a referendum on the plan.The benchmark S&P/ASX200 index c..

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OneSteel’s shares plunge

Shares in OneSteel plummeted to a 10-year low after a poor outlook for the only profitable part of its business - its iron ore mines - prompted it to revise down its entire earnings guidance.OneSteel ..

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Westpac profit jumps 10%

Westpac has flagged further possible job cuts after unveiling a record profit of almost $7 billion that eclipsed those of its rivals. Australia's second biggest lender posted a 10 per cent jump in ..

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Mirvac maintains guidance

Mirvac Group has reaffirmed its earnings forecast, saying it has a 97.8 per cent portfolio occupancy rate and had realised $127 million from its 2012 financial year asset sale program.In its 2012 firs..

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NAB rate cut less than peers

National Australia Bank (NAB) has cut its standard variable home loan interest rate by less than its peers and the central bank.NAB said it would cut its standard variable rate (SVR) by 20 basis point..

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Plain packaging delayed by five months

Labor's legislation on plain packaging of cigarettes is set to pass parliament next week, but tobacco products won't be sold in olive-brown packages until the end of 2012 - five months later than orig..

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Stocks to watch Wednesday

Stocks to watch on the Australian stock exchange at noon on Wednesday: ANZ - AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD - down 53 cents, or 2.48 per cent, at $20.83 ANZ cuts its variable intere..

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