Latest Finance News



BHP, Rio spend billions on Escondida

Mining giants Rio Tinto and BHP Billiton will spend $US3 billion ($A3.26 billion) to support the world's largest copper mine, Escondida in Chile. BHP Billiton, the mine's operator, will put in $US1..

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Bank rally offsets weaker miners

A rally by banking shares helped the Australian share market shrug off weaker resources stocks and close the week with another rise.The S&P/ASX200 fell from its earlier highs in afternoon trade but th..

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Tokyo stocks close down 2.97%

Tokyo stocks have tumbled 2.97 per cent as the US dollar turned sharply lower against the yen, denting shares of major Japanese exporters.The benchmark Nikkei 225 index on Friday ended down 432.95 poi..

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Facebook seen at turning point

Facebook shares have vaulted to their highest level in more than a year as news of surging mobile revenues marked what some called a turning point for the social networking giant. The shares leapt ..

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US stocks fall as markets eye busy week

US stocks have opened lower as equities consolidated recent gains and investors prepared for a busy economic calendar next week.Five minutes into trade on Friday, the Dow Jones Industrial Average lost..

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