Latest Finance News



Commodity prices boost share market

Another day of soaring gold and commodity prices has helped the Australian share market close higher. The local market rose by 0.3 per cent, sending the All Ordinaries index above 5,000 points for ..

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Billabong draws on loan, sells DaKine

Struggling surfwear retailer Billabong has sold another of its brands and completed a $325 million bridge loan in order to pay off looming debts. DaKine, a maker of backpacks, luggage and outerwear..

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Fortescue positive on Chinese demand

Iron ore miner Fortescue is optimistic Chinese demand for steel will remain strong enough to keep the iron ore price well above $US100 a tonne. Markets have grown increasingly wary about China's fu..

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US stocks rise on earnings, China hopes

US stocks have opened higher after several leading companies bested earnings estimates and as investors welcomed news that China may enact new economic stimulus policies.Five minutes into trade on Tue..

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