Latest Finance News



Australian shares close firmer

The Australian share market closed higher, led by resources stocks that rebounded after being battered last week due to falling commodity prices. It was the second consecutive day of gains on the A..

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Exit from mining boom unlikely smooth

Some economists refer to the economy's transition out of the mining investment boom as "rebalancing", but Guy Bruten doesn't think it will be as smooth as the term suggests. He expects it will be r..

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Avexa nearer to coal/drugs mix

Australian biotech Avexa is moving closer to discovering if coal and drugs really do mix. Avexa expects that it may have revenue from coal mining by late 2013 to help it fund drug development. A..

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Calibre wins $140m Hay Pt contract

Calibre Group has been awarded a $140 million contract to upgrade the Hay Point coal export terminal in Queensland for the BHP Billiton Mitsubishi Alliance. The engineering group said its subsidiar..

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Oz Minerals shares slump to decade low

Investors have dumped Oz Minerals stocks to 10-year lows after it slashed production guidance in its quarterly update.The copper and gold miner also forecast a further rise in costs in the current qua..

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Inflation expected to stay benign

It looks like the Reserve Bank of Australia (RBA) boss will be able to keep saying his favourite phrase for a little bit longer. "The inflation outlook would afford scope to ease policy further, sh..

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International financial news

A roundup of news in finance, economics and business from around the world: INTERNATIONAL NEWS WASHINGTON - While world finance leaders say the global economy has improved slightly this year, th..

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Gold lifts slighty after recent falls

Gold prices have inched higher, briefly trading above $US1,400 an ounce, as reports of swift sales of the physical metal by bullion traders and coin stores bolstered investor interest in the precious ..

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US stocks gain in light trading day

US stocks have closed higher after a series of mixed earnings reports arrived into a market preoccupied with the Boston manhunt. The Dow Jones Industrial Average on Friday rose 10.37 (0.07 per cent..

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