Latest Finance News



Australian share market edges higher

The share market recovered early losses to edge slightly into positive territory as investors searched for stronger direction. IG market strategist Stan Shamu said economic data out of the United S..

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Cash rate expected to stay on hold

The cash rate is expected to stay on hold as the Reserve Bank gauges the effects of previous cuts and the falling Australian dollar. The RBA is likely to keep the cash rate at 2.5 per cent when it ..

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Credit data adds to no rate change case

The value of loans outstanding to the private sector was up 0.5 per cent in December, the biggest monthly rise since March 2012. Annual growth in credit advanced by banks and other lenders was 3.9 ..

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Australian shares flat as China slows

Australian shares are flat as concerns about Chinese manufacturing and emerging markets continue to weaken mining and banking stocks. Resource giants BHP Billiton and Rio Tinto are lower after HSBC..

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Miner Arafura finds $400m in savings

Rare earths miner Arafura Resources has found more than $400 million in savings by reducing planned capital expenditure at a Northern Territory project. The company, which is a quarter owned by a C..

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Aussie stocks open flat

The Australian share market has opened flat despite solid gains on Wall St overnight, while David Jones has jumped over news it received and rejected a bid from Myer last year. Earnings in the US h..

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David Jones still a takeover target

David Jones remains a potentially lucrative takeover target even after the iconic retailer rejected a $3 billion merger proposal from rival Myer. Myer approached David Jones with a merger offer in ..

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US stocks jump on GDP, Facebook results

US stocks have bolted higher on the strength of a solid report on US economic growth and banner results from Facebook that raised hopes about other technology giants. At the closing bell on Thursda..

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