Latest Finance News



Australian shares close lower

The Australian share market closed lower but recovered some ground after the Reserve Bank cut the cash rate to a record low. The banks were being sold leading into the surprise interest rate move a..

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Banks passing on rate cut in full

Four of Australia's five biggest banks have passed on the central bank's quarter of a percentage point rate cut in full. NAB was the first to move, and maintained its leading position on standard v..

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Nikkei index closes up 3.55%

Tokyo stocks have soared, closing at their highest level in almost five years with the market driven by a weakening yen and after Wall Street hit fresh all-time highs on solid jobs data.The benchmark ..

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RBA cuts cash rate to 2.75%

The Reserve Bank of Australia has cut the cash rate to 2.75 per cent at its May board meeting, in a effort to boost economic growth in Australia, which is still below trend. In 2012 the central ban..

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AUD lower ahead of RBA decision

The Australian dollar is about a third of a US cent lower ahead of the central bank's monthly interest rate decision. At 1200 AEST on Tuesday, the currency was trading at 102.44 US cents, down from..

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Stocks to watch at noon on Tuesday

Stocks to watch on the Australian stock exchange at noon on Tuesday: BBG - BILLABONG INTERNATIONAL LTD - in trading halt, last traded at 45.5 cents Shares in troubled retailer Billabong are in a..

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Slater and Gordon hopes to raise $60m

Law firm Slater and Gordon hopes to raise $60 million to expand its business in the United Kingdom. Shares in the company will remain in a trading halt after jumping 10 per cent before the capital ..

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US stocks close mixed

US stocks have closed mixed, with Bank of America advancing strongly on news of a key mortgage securities settlement.The broad-based S&P 500 edged to a new all-time closing high, rising 3.08 (0.19 per..

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Wal-Mart tops Fortune 500 profits list

The 500 largest US companies scored near-record profits last year and retailer Wal-Mart replaced ExxonMobil as the biggest revenue maker on the annual list, Fortune magazine says.Apple cracked into th..

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