Latest Finance News



Australian shares close weaker

The Australian share market finished almost one per cent lower due to weaker offshore leads and lower commodity prices. RBS Morgans director of equities Bill Chatterton said the local market had fo..

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Australian share market trading lower

The Australian share market is trading lower in the wake of weaker offshore markets overnight. But better-than-expected figures on retail spending in Australia may provide some impetus for the loca..

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Building approvals rise in February

Building approvals rose strongly in February, although economists caution against reading too much into a single month's result. Approvals for the construction of new homes and units rose 3.1 per c..

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Services sector improves in March

Recent interest rates cuts have helped revive Australia's services sector, which is edging closer to growth. However, September's federal election is acting as a handbrake on activity. The findi..

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Retail sales up for second month

Retail sales have risen strongly for a second straight month, as Australians head to the shops with increasing confidence. Retail trade rose 1.3 per cent in February, well above market expectations..

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More changes at Fairfax of the future

Fairfax Media has won support from key stakeholders with its latest restructure but the market is still waiting for details of how the struggling group will deliver further cost cuts.Fairfax is organi..

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