Latest Finance News



Aussie stocks close at a 14-month high

The Australian share market hit at a 14- month high on Tuesday, closing above the 4500 level for the first time since August 2011. Energy and Resources stocks drove the gains on the back of positiv..

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BHP set to cut iron ore jobs

Global miner BHP Billiton is continuing to slash costs in a subdued environment as it meets with workers in Perth this week about likely job cuts. AAP understands about 200 workers in its iron ore ..

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Business confidence lifts in September

Moves to stimulate the US and European economies helped lift Australian business confidence in September. The National Australia Bank (NAB) monthly business survey found confidence among businesses..

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Billabong appoints new chairman elect

Troubled surfwear retailer Billabong has appointed actuary and Rhodes scholar Dr Ian Pollard as its chairman elect. The company on Tuesday said Dr Pollard would join the board as chairman elect and..

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Stocks to watch early on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, October 9: AQA - AQUILA RESOURCES LTD - down three cents, or 1.1 per cent, at $2.65 Aquila Resources shares lost more than one per ce..

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St George cuts rates by 17 basis points

St George has followed the lead of the major banks and reduced its variable home loan rates by less than the central bank's rate cut. St George will lower its standard variable home loan rate by 17..

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