Latest Finance News



Fairfax ditches BRW print edition

Fairfax Media will scrap the print edition of BRW Magazine from the end of November as it moves away from its traditional print-based mastheads and bolsters its online business. In an email to Fair..

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ANZ leaves rates unchanged

ANZ's interest rates will be left unchanged for another month. The bank decided to leave its standard variable mortgage rate at 5.88 per cent at its latest rate review meeting, after the Reserve Ba..

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Seven and Prime extend TV deal

Broadcasters Seven West Media and Prime Media have agreed to continue their affiliation for another six years. The companies have signed a deal securing a partnership across metropolitan and region..

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OzForex enjoys strong market debut

Shares in financial group OzForex have soared by 30 per cent after listing on the Australian share market. The company began in 1998 as an Australian foreign exchange information website and has gr..

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Leighton scandal leads to third exit

A third former Leighton executive has quit his current post because of an alleged connection to the construction giant's bribery scandal.Russell Waugh, the engineering chief at UGL, has mutually agree..

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US stocks surge on Washington debt deal

US stocks have surged on progress towards a potential deal in Washington to prevent a debt default, recovering a hefty portion of their losses since the partial government shutdown began. The Dow J..

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Commodity falls drive stocks lower

Commodity price falls have driven local stocks lower despite the release of positive jobs numbers. The local market remained weak on Thursday as continuing uncertainly in Washington caused commodit..

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Progress in talks on new Sydney road

Toll roads operator Transurban says it has made good progress in its talks with the NSW government on a $2.65 billion tunnel proposal for Sydney's north. The proposed project would be a tolled moto..

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US shutdown hurts Aussie mining stocks

Australian shares are weaker as continuing uncertainly in Washington causes commodity price falls, impacting local mining stocks. Gold, copper and oil prices fell as the lingering partial US govern..

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Australian jobless rate 5.6% in Sept

Manpower recruited for the federal election and a fall in the number of people looking for work has seen the unemployment rate drop to a four-month low. The unemployment rate fell to 5.6 per cent i..

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Dreamliner touches down in Melbourne

After a five-year delay, Jetstar's first next-generation Boeing 787 Dreamliner has arrived in Melbourne.Victorian Premier Denis Napthine was at Melbourne Airport with about 150 Jetstar staff to greet ..

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M2 upgrade lifts Transurban revenue

Toll road owner Transurban's quarterly revenue has grown by 14 per cent, thanks in part to the end of upgrade work on Sydney's M2 Motorway.Statutory revenue for the September quarter was $222.6 millio..

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WorleyParsons says profit to fall in H1

Engineering and services group WorleyParsons has flagged a fall in first half profit due to a quiet order book.However contract awards had picked up in recent months, and the company still says it exp..

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Australian share market edges higher

The Australian share market lifted slightly on Wednesday as investors looked beyond the political impasse over the United States budget and the possibility of a debt default by the US government.IG ma..

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Optus, Virgin sign $60m comms deal

Optus has struck a $60 million deal to provide telecommunications and other services over five years to airline Virgin Australia. Optus said on Wednesday that the domestic and international telecom..

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US shutdown hits consumer confidence

The failure of the US government to pass a budget by the end of its financial year was a factor in a small fall in local consumer confidence in October.The Westpac/Melbourne Institute index of consume..

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Newcrest chairman and CEO to go

After a horror year in which it recorded a $5.8 billion loss and came under investigation for possible breaches of corporate law, Newcrest Mining's chairman and chief executive are leaving the company..

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Washington stalemate sinks US stocks

US stocks have sunk and short-term bond yields jumped as the stalemate in Washington over passing a budget and raising the debt ceiling takes a deeper toll on financial markets. Investors on Tuesda..

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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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