Latest Finance News



BHP pays $US3m to withdraw from Otto JV

Resources giant BHP Billiton has signed a final agreement to pay $US3 million ($A3.42 million) to Otto Energy to withdraw from an exploration joint venture in the Philippines. Otto has submitted a ..

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Iron ore miners under pressure

Australia's major iron ore players are under pressure as the price of the steel-making ingredient continues to slide. While investors expect strong first half earnings results from the likes of Rio..

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AUD climbs on NZ inflation, Chinese GDP

The Australian dollar continues to climb on the back of stronger-than-expected Chinese gross domestic product figures and New Zealand inflation data. At 1200 AEDT on Tuesday, the Australian dollar ..

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Australian shares flat in thin trade

Australian shares are flat as a lower iron ore price and Chinese growth figures keep a lid on market gains. Investors have taken their cues from Chinese gross domestic product (GDP) data and ore pr..

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Saputo lifts its stake in Warrnambool

A day before its offer closes, Canadian dairy giant Saputo now has a near 48 per cent stake in takeover target Warrnambool Cheese and Butter Factory (WCB). In a statement to the market on Tuesday, ..

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Australian market set to open lower

The Australian market looks set to open lower after a mixed and lacklustre performance on international markets with Wall Street closed and China turning in disappointing growth data. At 0650 AEDT ..

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