Latest Finance News



Australian shares close higher

The Australian share market has closed slightly higher as the United States builds its case for a military response to the Syrian situation.At the close on Tuesday, the benchmark S&P/ASX200 index was ..

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Builder Watpac posts another loss

Builder Watpac has made another annual loss as it overhauls its business to address the dwindling mining boom, but expects improvement in the current financial year.Watpac made a loss of $4.7 million ..

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Mining downturn to hit Seven Group

WesTrac owner Seven Group expects its earnings to fall by more than a third in the year ahead as a downturn in the mining sector causes a slump in machinery sales.The industrials and media group's glo..

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Election worries hit retailer Noni B

Fashion retailer Noni B's sales in the new financial year have been hit by nervous shoppers amid economic uncertainty ahead of the federal election.Noni B on Tuesday reported a $3.5 million loss in th..

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Whitehaven Coal falls to $82m loss

A court challenge by environmentalists has forced Whitehaven Coal to again delay planned first sales from a new coal mine, as lower prices forced the company into the red.Chief executive Paul Flynn in..

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Beach Energy forecasts growth

Beach Energy says it will boost spending and production this year after achieving a better than expected full year profit and lifting dividends.Net profit of $153.7 million in the 2012/13 financial ye..

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Billabong posts $860 million loss

Troubled surfwear company Billabong has made a net loss of $860 million with major writedowns and a drop in revenue. The 2012/13 result was affected by $867 million in significant items, including ..

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Australian share market opens lower

The Australian share market has opened lower after the United States' condemnation of chemical weapon attacks in Syria triggered sharp falls on Wall Street. After opening on Tuesday, the All Ordina..

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US stocks sink after US warns Syria

US stocks have closed sharply lower after Secretary of State John Kerry warned that the US will demand "accountability" after an "obscene" chemical weapons attack on Syrian civilians. The Dow Jones..

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