Latest Finance News



Petsec forecasts heavy loss

Petsec Energy is the latest producer to be belted by plunging gas prices, with the company forecasting a first half loss of up to $US6 million ($A5.81 million). The average gas equivalent sales pri..

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Woolworths sales up despite price war

Woolworths has lifted annual sales by 4.7 per cent to $56.7 billion, despite the supermarket giant's price war with Coles exacerbating tough retail conditions. Woolworth's key Australian food and l..

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PPI rise shouldn’t prevent rate cuts

A rise in Australia's June quarter producer price index could mean Wednesday's inflation data will be stronger, but it should not prevent more interest rate cuts by the central bank, economists say. ..

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O’Neill takes over as Echo chairman

Australian Rugby Union chief executive John O'Neill has officially taken over as chairman of casino operator Echo Entertainment Group's board. Mr O'Neill takes over from John Story who stepped down..

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Stocks to watch early on Monday

Stocks to watch on the Australian stock exchange early on Monday, July 23: AIO - ASCIANO - down two cents, or 0.46 per cent, at $4.37 ARI - ARRIUM LTD - down 4.5 cents cents, or 4.89 per cent, a..

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Weaker start tipped for Aussie shares

The Australian share market is tipped to open lower in a cautious start to the week on the back of losses in Europe and the United States on Friday. The losses are thought to be a case of some inve..

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