Latest Finance News



Aussie stocks inch higher

The Australian share market closed marginally firmer despite slipping in late trade after the central bank kept interest rates on hold. The benchmark S&P/ASX200 index was up 7.7 points, or 0.18..

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Metcash to axe 478 jobs

Metcash will axe almost 10 per cent of its workforce as it undergoes a drastic restructure amid a bruising price war with its supermarket rivals. The company behind brands such as Campbells Cash an..

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RBA keeps rates at 4.25%

The Reserve Bank of Australia has kept official interest rates on hold for another month but has flagged a likely rate cut as early as May. The RBA decided at its April board meeting in Melbourne o..

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Transfield in trading halt

Transfield Services shareholders are bracing themselves for a possible profit downgrade from the construction and maintenance company. Transfield's shares went into a trading halt on Tuesday as the..

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Aquila sells main coal asset

Aquila Resources has sold its main coal asset to fund a new iron ore project in Western Australia. Aquila sold its 50 per cent stake in the Isaac Plains coal mine in Queensland's Bowen Basin to Jap..

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