Latest Finance News



Australian share market closes higher

The Australian share market is higher, led by stocks in the energy and consumer goods sector. But there appeared to be no major driver behind the gains, with CMC Markets chief market strategist Mic..

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RBA flags concern over SMSFs

The Reserve Bank of Australia is worried about self managed superannuation funds. Their potential to do some real damage, if not managed carefully, is a theme running through the RBA's half yearly ..

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Tabcorp seals 25-year Qld Keno deal

The Queensland government has extended wagering firm Tabcorp's Keno licence to 2047. The government in April announced it would extend Tabcorp's Keno licence, which was due to expire in 2022, by 25..

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Unions not happy with Telstra job cuts

Telstra's decision to fire more than 1000 workers has been criticised by unions who say the number of faults on the telco's copper network - and its profits - are as high as ever.Telstra says the cuts..

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Telstra cuts 1,100 staff

Telstra is sacking 1,100 workers, drawing criticism from unions who say the number of faults on the telco's copper network, as well as its profits, are as high as ever.Telstra says the cuts to its ope..

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BHP boss earns $US16m in final year

Outgoing BHP boss Marius Kloppers earned more than $US16 million ($A17.14 million) in the last of his 20 years at the global mining giant.The 51-year-old South African could earn up to another $A18 mi..

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DJs expects retail to remain weak

Faced with ongoing weakness in the retail sector, David Jones is focussed on lifting online sales and improving margins and customer service.The department store is also thinking outside the square - ..

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US consumer confidence dips in September

US consumer confidence fell slightly in September as Americans grew more wary about the outlook in coming months, a closely watched report shows.The Conference Board said its consumer confidence index..

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US stocks mostly lower on budget impasse

US stocks have ended an up-and-down day mostly lower, as investors watched a Washington budget debate as the deadline for funding the government looms.The Dow Jones Industrial Average fell 66.79 (0.43..

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