Latest Finance News



Shares end long run of gains

The sharemarket's run of seven straight days of gains is over, as a weaker iron ore price weighed on the resources sector. The market opened with gains and hit its highest level since mid-2008 duri..

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Qantas will cut jobs despite govt help

Qantas will announce massive job cuts on Thursday, possibly in the thousands, despite federal government assistance looking increasingly likely. The national carrier warned on Tuesday it would stil..

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Ramsay seeks further overseas expansion

Australia's largest private hospitals operator, Ramsay Health Care, is looking forward to more expansion overseas, particularly in Asia. The company also has lifted its full-year guidance, after a ..

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Cabcharge lifts half year profit

Taxi payments company Cabcharge says improved economic conditions and the growing popularity of "tap-and-go" card technology has contributed to an eight per cent rise in its half year profit. The c..

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QBE says turnaround will take time

QBE boss John Neal says it will take some time to turn around the insurance giant from its first full year loss since the September 11 attacks in the US. QBE suffered a net loss of $US254 million (..

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S&P 500 narrowly misses record high

US stocks have finished higher as a February rally accelerates amid continued strength of some high-flying technology equities. The broad-market S&P 500 rose 11.36 points (0.62 per cent) to 1,8..

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