Latest Finance News



Big banks fail to pass on full RBA cut

Westpac, the Commonwealth Bank and National Australia Bank have cut their variable home loan rates but failed to match that of the Reserve Bank, citing the high costs of deposits. The central bank ..

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Asciano predicts a year of solid growth

A hefty rise in Asciano's full year net profit has been reflected in a pay rise for the port and rail operator's chief executive John Mullen. The company's annual report, released on Friday, showed..

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Woolworths spins off property assets

Woolworths is spinning off its $1.4 billion shopping centres portfolio in a move that is expected to free up cash to help fight its price war with rival Coles. The retailer will transfer its 69 sho..

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BOQ to post first bank loss in 20 years

Bank of Queensland (BoQ) is poised to post the first full year loss by an Australian bank in 20 years because of its exposure to the struggling south-east Queensland property market. The regional l..

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Village Roadshow invests in Vegas

Village Roadshow has taken a majority stake in a $US32 million ($A31.39 million) Las Vegas water park currently under construction. Village Roadshow has taken a 51 per cent in the park, which will ..

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Stocks to watch early on Friday

Stocks to watch on the Australian stock exchange on Friday, October 5: ACN - ACER ENERGY LTD - up seven cents, or 36 per cent, at 26.5 cents DLS - DRILLSEARCH ENERGY LTD - down three cents, or t..

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