Latest Finance News



Australian shares close weaker

Australian stocks closed at their lowest level for six weeks, dragged down by a dive in the iron ore price that hit the miners. It wasn't the only bad news around, with the Organisation for Economi..

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Capex fall shows rebalancing off track

The baton hasn't actually fallen to the ground yet, but the handover from mining to the rest of the economy is not going at all smoothly. The latest capital spending and building approvals figures ..

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BHP cuts costs in Queensland coal

First, BHP Billiton warned that it was slashing costs due to a weak outlook for the coal market - now it has explained how it is doing it.Closer monitoring of the performance of staff will be central ..

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Agribusiness takeover gets green light

The competition watchdog has given the green light to a potential takeover of agribusiness Elders by its rival Ruralco.Debt-laden Elders has been looking to sell its agricultural products business sin..

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