Latest Finance News



Building approvals weaken Aussie bonds

The Australian bond market is weaker, partly helped by the release of some more good local housing data. Home building approvals figures for October only had a small 1.8 per cent fall from the thre..

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Australian share market closes lower

The Australian share market has closed at a six-week low, with better-than-expected Chinese manufacturing data unable to inspire investors. CMC Markets chief market strategist Michael McCarthy said..

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GrainCorp to rationalise country network

Grains handler GrainCorp says it will "rationalise" its storage and logistics network, in the wake of Treasurer Joe Hockey's rejection of a $3.4 billion proposed takeover by US-based Archer Daniels Mi..

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Metcash profit up 20%

Grocery wholesaler Metcash has lifted its first half profit more than 20 per cent thanks to its exit from the Franklins line of supermarkets, which removed a drag on its balance sheet. Metcash made..

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$A firms on China manufacturing data

The Australian dollar is firmer as stronger-than-expected Chinese manufacturing data outweighs a fall in local building approvals. At 1200 AEDT on Monday, the local unit was buying 91.20 US cents, ..

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Building approvals ease from record high

The housing sector is still going strong, with home building approvals in October suffering only a small fall from the three-and-a-half year high recorded the month before.Home building approvals fell..

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Economic growth staying solid

Australia's economic growth isn't losing pace and might have even picked up a little as the non-mining sectors of the economy start to recover. The Australian Bureau of Statistics' (ABS) national a..

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GrainCorp’s Watkins heads to CCA

Outgoing GrainCorp chief executive Alison Watkins is set to become boss of beverages supplier Coca-Cola Amatil (CCA).Ms Watkins is expected to join CCA as group managing director on March 3, 2014.Grai..

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