Latest Finance News



Aussie shares boosted by mining sector

A boost to the big mining companies from a strengthening iron ore price has pushed Australian shares higher. For a second consecutive day, local investors managed to overlook a US budget deadlock, ..

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BHP says Scarborough tracking well

BHP Billiton says the environmental assessment of its multi-billion-dollar Scarborough joint venture is progressing well amid support from the West Australian government. Joint venture partner Exxo..

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We need to build more houses, ANZ warns

Australia needs to build many more houses and apartments if it wants to put the brakes on price rises and improve affordability, according to one of the country's top bankers. ANZ Australia chief e..

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Sonic to buy five labs in Germany

Pathology and radiology provider Sonic Healthcare is buying German laboratory business Labco for 76 million euros ($A110.58 million). Labco operates five laboratories in west and south west Germany..

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BHP raises $US5 billion in bonds

BHP Billiton has raised $US5 billion ($A5.37 billion) on global bond markets. The maturities of the funds ranged from three to 30 years. The longest dated bonds were $US2.5 billion in securities..

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WCB says Bega offer inadequate

Takeover target Warrnambool Cheese and Butter Factory (WCB) has rejected Bega Cheese's $319 million offer as too low and not having a high enough cash component."The board of WCB, together with its ad..

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US new home sales rebound in August

US sales of new homes bounced back in August after July's slump, though the pace remained slower than the first quarter of the year, the Commerce Department has reported. New home sales rose to an ..

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US stocks end lower amid budget anxiety

US stocks ended a volatile day lower as investors remained cautious over the lack of progress in Washington budget talks. The Dow Jones Industrial Average lost 61.33 (0.40 per cent) at 15,273.26. ..

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