Latest Finance News



Resources exports to drive GDP growth

A rise in iron ore and coal exports is expected to have been the major driver of economic growth in an otherwise weak final three months of 2012. AAP's survey of 14 economists on Monday revealed a ..

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Southern Cross reviewing options

Television viewers in regional areas are not expected to suffer any loss of local programming should Nine and Southern Cross Austereo (SCA) merge. On Monday, SCA said in a statement its board was r..

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News sells out of NZ pay television

News Corporation is selling its 44 per cent stake in New Zealand pay television business SKY Network Television. News' Australian arm, News Ltd, holds the stake in SKY, which at current market pric..

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CCA boss earns $7.96m

Coca-Cola Amatil (CCA) boss Terry Davis remains among the best paid Australian chief executives, earning a total pay package worth $7.96 million in 2012. Mr Davis' total package was up by about $17..

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Boart’s new boss to be paid less

The new chief executive at driller Boart Longyear, Richard O'Brien, will take a pay cut of about one-third. The world's largest driller will pay Mr O'Brien a base starting salary of $US750,000 ($A7..

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Australian shares open Monday

The Australian share market has opened a third of a per cent lower. At 1013 AEDT on Monday, the benchmark S&P/ASX200 index was down 17.3 points, or 0.34 per cent, at 5,068.8, while the broader ..

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Boral merges businesses to slash costs

Boral has already slashed $100 million in costs because of the housing slump, and has now announced it will merge its construction materials and cement divisions.Australia's depressed housing market h..

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