Latest Finance News



PEP to takeover Spotless

Spotless says the arduous process of dealing with a hostile takeover bid was a major factor behind the company accepting a $720 million offer from private equity firm Pacific Equity Partners (PEP). ..

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Aussie shares close stronger

The Australian share market closed stronger, driven by resource and banking stocks on the expectations of a cut in domestic interest rates and a soft economic landing in China. At 1615 AEST on Mond..

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Private sector credit rises

Credit provided to the private sector grew by 0.4 per cent in March, with a trend too slow to forestall an interest rate cut. It was the second consecutive 0.4 per cent rise in the indicator, which..

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US stocks regain losses

A roundup of trading on major world markets: NEW YORK - It took a while, but the Dow Jones industrial average finally regained all its losses for the month. On a day of conflicting signals, as i..

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Aussie stocks close lower

The Australian share market closed lower as worries about the Spanish economy and local consumer sentiment overtook a positive lead from Wall Street. Standard & Poor's lowered Spain's long-term..

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Atlas says guidance on track

West Australian miner Atlas Iron plans to start three new mines in WA's north Pilbara region as part of a $672 million expansion. Atlas said on Friday that the three mines - Mt Dove, Abydos and Mt ..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, April 27 LEI - LEIGHTON HOLDINGS LTD - up 10 cents at $20.28 Leighton Holdings' Middle East operation is part of a joint venture award..

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Wall Street closes higher

US stocks have risen despite a series of uneven data and corporate earnings reports that included a big disappointment from oil giant ExxonMobil. Strong US housing data, mediocre jobless claims fig..

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Aussie stocks inch higher

The Australian share market gave up earlier gains to finish slightly higher following a positive lead from Wall Street. At 1615 AEST on Thursday, the benchmark S&P/ASX200 index was up 14.8 poin..

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