Latest Finance News



News Corp posts profit of $US506m

Rupert Murdoch's new News Corporation has achieved a $US506 million ($A542.60 million) full year profit despite the poor performance of its ailing newspapers. The newly split publishing company's f..

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Perseus shares fall on board changes

Perseus Mining shares have fallen heavily after two of the company's founding directors announced they will depart in November.Rhett Brans and Neil Fearis will leave their positions at Perseus' annual..

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A million in super won’t be enough

Today's young workers can expect to have an average $1.1 million in their superannuation by the time they retire but it won't be enough to maintain a comfortable post-work lifestyle. New research b..

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Boart Longyear reduces credit facility

The world's largest drilling company Boart Longyear says it will reduce the size of its revolving credit facility from $US450 million to $US140 million.The company said the change was subject to its c..

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$A lower as Fed tapering still likely

The Australian dollar has fallen against a stronger US dollar, after a senior US Federal Reserve official said the Fed still could taper its bond purchases this year. At 0700 AEST on Monday, the lo..

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