Latest Finance News



Profit surprises boost share market

Positive reactions to earnings reports from several major companies have pushed the share market higher. Morning trade had been mildly positive despite a negative lead from US markets, IG market st..

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iiNet half year profit falls

Internet service provider iiNet's half year net profit is down nine per cent. The company made a net profit of $29 million for the six months to December 31, compared to $31.9 million in the same p..

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Spending up for 17th consecutive month

Spending has risen for the 17th consecutive month as business conditions improve, partly thanks to a lower Australian dollar. Economy-wide spending in January rose 2.2 per cent, according to the Co..

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AMP profit falls

Australia's largest life insurer, AMP, has suffered a fall in full year profit on the back of higher claims and the loss of customers. Net profit fell two per cent to $672 million for the year to D..

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US housing starts, permits plunge

New home construction and building permits plunged more than expected in January amid severe winter weather in large parts of the United States, official data shows. Housing starts plummeted 16.0 p..

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US stocks fall after Fed minutes

US stocks have finished lower after minutes from the latest US Federal Reserve meeting showed some policymakers sought an early hike in the Fed's benchmark interest rate. The Dow Jones Industrial A..

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