Latest Finance News



Aust shares close sharply lower

The Australian share market has closed sharply lower after its biggest one-day percentage loss for the past nine months. At the close on Thursday, the benchmark S&P/ASX200 index was 118.6 point..

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ASX optimistic on market surge

Share market operator ASX looks set for an improving second half of the 2012/13 financial year as investor confidence returns.Activity in the company's largest businesses has boomed since the beginnin..

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APN slumps to $456m full year loss

The week has gone from bad to worse for APN News and Media as the trans-Tasman publisher reported a massive full year loss amid further writedowns on its newspaper assets.Having already lost a chief e..

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Qantas reports big lift in net profit

Qantas' key domestic operations have suffered a steep drop in first half earnings as the battle for market share forces down airfares.However, an improved performance from Qantas international, and gr..

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Alumina full year loss widens

Alumina says it needs to drive through change in its pricing structure after its full year net loss blew out.The group's net loss for the 12 months to December 31 tripled to $US152.9 million ($A149.96..

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IAG lifts forecasts and dividend

Insurance Australia Group (IAG) has raised its performance targets for the full year after fewer natural disasters contributed to a sharp rise in its first half profit. However the owner of NRMA In..

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US stocks dive after Fed minutes

US stocks have piled up losses after Federal Reserve minutes showed divisions over asset purchases, with some officials suggesting to wind them down before the jobs market picks up.The Dow Jones Indus..

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