Latest Finance News



Australian shares close lower

Australian shares fell as local investors followed offshore leads and sold riskier stocks, including those in resources companies. The bourse is down 1.6 per cent in the last week, with market watc..

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Big screens reel in profit for Village

More people are going to the movies, boosting Village Roadshow's profit by more than 50 per cent. The film distributor and amusement park operator made a net profit of $50.9 million in the year to ..

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Toll says slowdown makes forecasts hard

The slowdown in the mining sector and the uncertain business environment make it difficult to predict earnings for the year ahead, says transport and logistics firm Toll Holdings."It is too early to b..

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Fortescue to start paying back debt

Fortescue Metals Group has turned the corner, notching up a 12 per cent increase in annual profit as it prepares to make its first major debt repayment.The heavily indebted iron ore miner has grown an..

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Atlas shares slump 10% on rail worries

Atlas Iron boss Ken Brinsden has dismissed takeover fears as the stock fell more than 10 per cent due to scepticism over the company's expansion plans.Atlas has written down $458.1 million in asset va..

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China and EU data boost US stocks

Positive figures from China and Europe have sent US stocks higher on opening, a day after the Fed left anxious markets confused over its plans to reduce its stimulus program.Ten minutes into trade on ..

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