Latest Finance News



Aussie shares close higher

The Australian share market has closed higher, posting modest gains in subdued trading. At the close on Monday, the benchmark S&P/ASX200 index was 8.2 points, or 0.15 per cent, higher at 5,539...

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Nine buys HBO’s stake in Quickflix

Nine Entertainment has become a major investor in movie and TV streaming service Quickflix. Nine, which runs the free-to-air TV network and other media ventures, has bought all of US entertainment ..

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Benign inflation should keep rates low

A slowdown in consumer demand is expected to have helped keep a lid on inflation in the June quarter, allowing the Reserve Bank to keep the cash rate at record lows. But despite the recent moderati..

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Credit downgrade for Boart Longyear

Mining company Boart Longyear's poor financial performance has resulted in a credit rating downgrade.Standard & Poor's has lowered its corporate credit rating for Boart to 'CCC' from 'CCC+'."Boart Lon..

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Antares shares lift on takeover bid

Oil and gas company Antares Energy is the target of a takeover bid, sending its share price to soaring.The US focussed Antares has received an incomplete, indicative proposal to buy all of the company..

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Stocks open higher

The Australian market has opened higher, following gains on Wall Street. Patersons Securities economist Tony Farnham said the gains in US markets on Friday night meant local stocks were starting on..

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Rinehart mulls fresh Fairfax bid

Australia's richest woman Gina Rinehart appears to be mulling whether to launch a bid to seize control of Fairfax Media. The mining billionaire, who is Fairfax's biggest shareholder with a 15 per c..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, July 21: AIO - ASCIANO - up 22 cents, or 3.83 per cent, at $5.96 Rail freight and ports operator Asciano has confirmed that it is in t..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - US stocks have surged higher as strong Google earnings and a large pharmaceutical deal offset worries about worsening international crises in..

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