Latest Finance News



Australian share market falls

The share market has fallen as disappointing Chinese economic data and weak leads from overseas markets prompted investors to sell. A preliminary HSBC purchasing managers' index suggested Chinese m..

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China manufacturing index drops

Chinese manufacturing contracted for the first time in six months in January, casting a pall over growth prospects for the world's second-largest economy this year. British banking giant HSBC's pre..

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Borrowers could see rate hikes in 2014

The interest rate tide has turned, and homeowners are being told to prepare for possible rate hikes by year-end. Australia's cash rate currently sits at a record low of 2.5 per cent. Some econom..

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Share market lower in quiet trade

The share market is slightly lower due partly to a mixed lead from overseas markets and low trading volumes. CMC Markets chief market strategist Michael McCarthy said there was little to drive acti..

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Murray Goulburn pulls out of WCB fight

Dairy co-operative Murray Goulburn has taken a swipe at Australia's regulatory process as it conceded defeat in the battle for Warrnambool Cheese and Butter Factory (WCB) to Canadian dairy giant Saput..

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IAG revises full year guidance

Insurance Australia Group has lifted its guidance on insurance profits for the 2013/14 financial year, but cut its forecast for growth in premiums. The company behind NRMA Insurance and CGU updated..

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Santos brings in record revenue

Energy giant Santos says growth in full year production is going to plan, as rising prices help to deliver record sales revenue. Revenue rose by 21 per cent in the three months to December 31, comp..

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Newcrest poised for deeper cost cutting

Gold miner Newcrest is poised for deeper cost cutting after slicing quarterly production costs by 16 per cent. In addition to the cuts, Australia's largest gold miner lifted production six per cent..

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