Latest Finance News



Market rallies despite Syria concerns

The Australian share market has finished higher, but activity remains overshadowed by concerns about the Syrian conflict. The S&P ASX 200 was 0.1 per cent higher when trade ended on Thursday af..

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Perpetual boosts profit

Wealth manager Perpetual's aggressive cost cutting, and a stronger share market, have contributed to a strong rise in its full year profit. Perpetual made a profit of $61 million in the 2012/13 fin..

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$A bounces off its three week low

The Australian dollar has bounced off its three week lows as currency traders go bargain hunting. At 1200 AEST on Thursday, the local unit was trading at 89.54 US cents, up from 89.14 cents on Wedn..

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Capex not going over the cliff

It's looking as though business investment won't go over a cliff in 2013/14 after all. Nor did it go over a cliff in the first half of this year either. And that's important, because investment ..

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Rex slams carbon tax for profit dive

Regional airline Rex says the carbon tax caused a 45 per cent nosedive in its annual profit."We saw sales plunge almost immediately from 1 July 2012 after the federal government's carbon tax was imple..

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Weakening $A hits Westfield’s profit

Shopping mall giant Westfield is more upbeat about its growth prospects in the United States than Australia.But as the world's biggest economy emerges from the global financial crisis, a weaker Austra..

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Air price battle hits Qantas domestic

Qantas has limped back to profit as the airfare price war with Virgin Australia dragged on earnings.Chief executive Alan Joyce also warned the operating environment for the airline would be challengin..

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Energy sector leads US stocks gains

US stocks have rebounded, led by energy companies benefiting from an oil price spike, as the West mulls a possible punitive attack against Syria for its alleged chemical weapons use.The Dow Jones Indu..

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