Latest Finance News



Gold miner Perseus hit by downgrade

Gold miner Perseus has cut its production forecasts and flagged changes at its mine in Ghana to maximise margins after a sharp fall in the gold price. The update from the company sent its share pri..

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Sizzler weighs on Collins Foods

Profit at Australia's largest KFC franchisee has grown by 43 per cent, but investors are more concerned about its struggling Sizzler business.Collins Foods made a $16.4 million net profit in the 12 mo..

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US strength to keep $A below parity

The days of the Australian dollar being above 100 US cents are done and dusted as the economic fortunes of Australia and its major trading partners change. None of the 18 foreign exchange professio..

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Goodman Fielder secures bread deal

Foods giant Goodman Fielder has renegotiated its private label bread contract with supermarket chain Coles. But in a case of good news, bad news, Goodman Fielder expects its earnings for the 2012/1..

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Hong Kong stocks close 0.21% higher

Hong Kong stocks have risen rose 0.21 per cent, reversing earlier losses on bargain hunting, but traders remain concerned about a liquidity crisis in China's banking system.The benchmark Hang Seng Ind..

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App company Snapchat’s value soars

The startup behind a Snapchat application for sharing self-destructing smartphone photos and messages has got a dizzying valuation in a new funding round. Reports that the company launched in late ..

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US stocks sink on China concerns

US stocks have ended the day decisively lower on concerns about the Chinese economy but rallied well above their intraday lows as US Treasury yields retreated. The Dow Jones Industrial Average sank..

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