Latest Finance News



Aussie stocks tank again

The Australian sharemarket was dragged almost two per cent lower after the release of weak manufacturing figures from China. At 1615 AEDT, the benchmark S&P/ASX200 index was 82 points, or 1.98 ..

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Virgin Australia profitable

Virgin Australia chief executive John Borghetti says he is encouraged by the airline's trading performance so far in 2011/12, with profits to date up from the prior year despite higher fuel costs.In a..

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ANZ CEO to chair ABA

ANZ Banking Group chief executive Mike Smith will succeed Commonwealth Bank chief executive Ralph Norris as chairman of the Australian Bankers' Association (ABA). Mr Norris retires from CBA at the ..

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Construction work increases

Total construction work done in Australia rose 12.5 per cent in the September quarter, according to new figures. Construction work in chain volume terms, seasonally adjusted, was valued at $47.467 ..

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US to stress test 31 banks

The US Federal Reserve says it will test 31 major US banks in 2012 to see if they can deal with a severe economic shock, part of Wall Street reforms aimed at preventing a fresh financial crisis.The an..

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Stocks to watch Wednesday

Stocks to watch on the Australian stock exchange Wednesdsay, November 23 BLS - BLUESCOPE STEEL LTD - last traded at 61 cents, in trading halt BlueScope Steel plans to sell $600 million in new sh..

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US, European stocks decline

A roundup of trading on major world markets: NEW YORK - US stock markets traded choppily on Tuesday, with the Dow Jones Industrial Average squeezed by a sharp downward revision to US growth figures..

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