Latest Finance News



Market loses gains after rally

The Australian share market has edged higher as investors react to positive news out of China and uncertainty in the United States. The S&P/ASX 200 dropped off in afternoon trade on Wednesday, ..

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Lynas gets first pay cheque

Australian rare earths miner Lynas has had a troubled history, but has its first pay cheque in its hand after posting a maiden revenue report.Lynas sold 117 tonnes of product out of its newly commissi..

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More job losses in aviation industry

Forty people have been laid off at the aviation arm of construction giant John Holland.John Holland Aviation Services (JHAS) confirmed on Wednesday that it has laid off 40 engineers and technical staf..

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Private sector credit grows sedately

Credit growth plodded along at a sedate pace in June, figures from the Reserve Bank of Australia show.The amount of credit provided by domestic financial institutions in June was 0.4 per cent higher i..

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UBS reports firm profits for Q2

Swiss bank UBS has reported strong results for the second quarter in its drive to refocus activities and turn the page on the financial crisis.The bank, which is slimming down after turmoil during the..

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US stocks close flat

US stocks have closed mostly flat, except for Nasdaq's solid gain, as investors await the outcome of a Federal Reserve monetary policy meeting.The Dow Jones Industrial Average slipped 1.38 (0.01 per c..

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