Latest Finance News



Australian share market closes higher

The Australian share market has closed at a new five-and-a-half-year high, after US and European markets lifted at the end of last week as US government services were re-opened. IG market strategis..

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Wotif.com says holiday bookings soft

Holiday accommodation bookings are soft despite a rebound in consumer confidence, online travel group Wotif.com says. Addressing his first annual general meeting as managing director, Scott Blume t..

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Fast food, fitness firms to be audited

Fast food and fitness firms are generating a higher number of complaints from franchisees and will be audited, the competition regulator says. Australian Competition and Consumer Commission (ACCC) ..

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Metlifecare sale boosts NZX to record

New Zealand shares have rallied, pushing the NZX 50 Index to a record high, after Metlifecare's biggest shareholder said it would exit its stake. The NZX 50 rose 43.966 points, or 0.9 per cent, to ..

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CPI stayed subdued in Sept qtr: survey

Inflation is expected to be below the Reserve Bank of Australia's two to three per cent target range, but likely won't prompt an interest rate cut. The consumer price index (CPI), the key measure o..

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Paul Zahra quits as David Jones CEO

Paul Zahra has resigned as the chief executive of department store giant David Jones.Mr Zahra is resigning for personal reasons and will step down when a successor is found, the company told the Austr..

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London house prices at new high

A major property website has seen London house prices soar to a new high this month, beating their previous record by nearly STG30,000 ($A50,479) and fuelling fears that the capital is overheating.Ask..

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Unemployment rate set to rise

Australia's unemployment rate is set to rise to around six per cent by early 2014, according to research into the state of the jobs market.According to the Clarius Skills Indicator, which tracks the a..

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Spending falls in Sept: CBA

Spending fell for the first time in 13 months in September, but consumer confidence is expected to pick up in following months.Economywide spending was down 1.4 per cent in September, seasonally adjus..

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Australian shares hits new highs

Australian stocks have jumped to fresh five-year highs in response to gains on global stock markets on Friday night.The local market has climbed more than half a per cent to its higher level since mid..

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