Latest Finance News



Samsung sets record-high profit in Q1

Samsung Electronics Co says its first-quarter net income has jumped 42 per cent over a year earlier to a record high thanks to robust smartphone sales even during a typically slow season for the elect..

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NZX 50 hits record on growth hopes

New Zealand shares rose on Friday, nudging the NZX 50 Index to a new record. Investors continued to bid up the future earnings potential of Diligent Board Member Services and Xero. Sky Network Tele..

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$A rallies as commodites, stocks rise

The Australian dollar has risen to its highest point in a week as commodity prices and share markets rally. At 1200 AEST on Friday, the local unit was trading at 103.30 US cents, up from 102.46 cen..

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Westfield board gets shake-up

Westfield Group's board is to be shaken up, with directors Stephen Johns and Fred Hilmer stepping down at next month's annual general meeting. Mr Johns, 65, has been involved with the shopping cent..

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GrainCorp agrees to US takeover

Australia's last listed major grains marketer, GrainCorp, is set for foreign takeover, following the likes of AWB and ABB Grain.GrainCorp has reached conditional agreement to sell to US-based global f..

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US stocks end higher

US stocks have finished a volatile trading session higher following improved jobless claims data and a mixed bag of corporate earnings. The Dow Jones Industrial Average added 24.50 points, or 0.17 ..

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