Latest Finance News



Australian share market closes lower

The Australian share market has closed lower as the political impasse in the United States over the budget and debt ceiling continues to spook investors. But Lonsec senior client adviser Michael He..

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Medibank boosts profit to $233m

Private health insurer Medibank's annual profit has grown by 84 per cent but its boss says the industry is in a volatile period as customers rush to switch providers. The reduction of rebates under..

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Online IPO 99wuxian goes gangbusters

Shares in Chinese mobile marketplace operator 99wuxian have soared after debuting on the Australian market. 99wuxian has more than 20 million registered users and allows consumers to shop on mobile..

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Business confidence at 3.5-year high

Business confidence is at a three-and-a-half-year high thanks to the election of the Coalition government. The National Australia Bank Business Survey showed business confidence rose eight index po..

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Warrnambool welcomes Canadian takeover

Canadian diary giant Saputo wants to buy into the Australian market, starting with a $390 million takeover of the Warrnambool Cheese and Butter Company. Saputo has had its eye on Warrnambool for a ..

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ASX BookBuild to launch on Tuesday

The Australian Securities Exchange (ASX) has launched a new bookbuilding facility which it says will broaden the number and range of investors who can participate in this process to set the price of n..

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