Latest Finance News



Aussie stocks fall, led by miners

Australian stocks have closed lower as worries about global growth and skepticism about the latest efforts to revive the US economy succeeding prompted local investors to seek refuge away from the equ..

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Incitec Pivot halts new plant

Fertiliser maker Incitec Pivot has put off plans for a new plant in Newcastle, NSW because of rising construction costs. The company announced plans for an ammonium nitrate manufacturing plant at I..

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Homebuyers more upbeat, survey finds

Home owners and buyers are feeling increasingly confident about the property market thanks to recent interest rate cuts, stagnant house prices and wage rises. The latest Genworth Homebuyer Confiden..

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Crown execs paid more despite warning

Casino operator Crown has made no changes to its executive pay policy despite the threat of a board spill in the event of another shareholder backlash. Four of the company's six senior executives r..

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Former Woodside boss joins gas junior

Seven West chief executive and former Woodside boss Don Voelte has joined the board of oil and gas explorer Nexus Energy. The appointment of Mr Voelte as non-executive chairman is part of a board r..

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Alesco puts proposal to DuluxGroup

Alesco and DuluxGroup have held talks in a bid to find a resolution to their messy five-month takeover battle. DuluxGroup's $210 million bid to buy building products maker Alesco has been quagmired..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, September 26 BWD - BLACKWOOD CORPORATION LTD - down 0.5 cents, or five per cent, at 10.5 cents WHC - WHITEHAVEN COAL - down one cen..

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US stocks tumble after Fed comments

A Federal Reserve official's doubts about the impact of the QE3 stimulus have pulled the rug from under US stock markets, sending them lower after strong early gains. The Nasdaq tumbled as major te..

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