Latest Finance News



Australian stocks stage solid recovery

The Australian share market partially reversed its big sell-off with a solid finish after the Reserve Bank's positive comments about the economy. The benchmark S&P/ASX200 index was up 38 points..

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Crown satisfied with VIP growth

There's plenty enough Chinese VIP gamblers to go around for everyone, says casinos operator Crown. Crown on Friday booked a net profit of $180.8 million for the six months ended December 31, down 3..

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Australian shares higher at noon

The Australian market is more than one per cent higher, rebounding from Thursday's heavy losses. At 1209 AEDT on Friday, the benchmark S&P/ASX200 index was up 56.5 points, or 1.13 per cent, at ..

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RBA has easing bias, Stevens

The Reserve Bank of Australia says it is more likely to cut the cash rate further than raise it above its current level. RBA governor Glenn Stevens told a parliamentary committee on Friday the cent..

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Fortescue appoints new board members

Iron ore miner Fortescue Metals Group has appointed two new board members, including its first female director.Chartered accountant Elizabeth Gaines and Fortescue's director of development Peter Meurs..

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Australian shares open higher

The Australian share market has opened a third of a per cent higher. At 1011 AEDT on Friday, the benchmark S&P/ASX200 index was up 19.7 points, or 0.40 per cent, at 4,999.8, while the broader A..

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Billabong slumps on $537m loss

Shares in Billabong have fallen back toward their all-time low after the surfwear retailer suffered a $537 million first half loss.The company has also downgraded its expectations for underlying earni..

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Australian market set to open lower

The Australian market looks set to open lower after a global sell-off over concern about a possible end to US stimulus measures and as data showed slumping business activity across the eurozone. At..

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US stocks fall on weak economic data

US stocks closed lower Thursday, hit by weak data on US manufacturing and a glum turn downward in the much-watched Markit purchasing managers index that suggested more recession in the eurozone.The Do..

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