Latest Finance News



Dow, S&P close at fresh all-time highs

US stocks overcame a choppy day of trading om Friday and closed at fresh all-time highs as Group of Seven finance chiefs met in Britain to discuss economic challenges. The Dow Jones Industrial Aver..

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Australian stocks close higher

The Australian share market has closed at levels not seen in almost five years as a weakening domestic currency boosted the big miners. But banking stocks finished in negative territory, despite th..

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AUD tumbles to 11-month low

The Australian dollar has tumbled almost two US cents to its lowest level in more than 11 months and could move back below parity with the greenback in the next 24 hours. The currency fell to 100.4..

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Mirvac buys office assets for $584m

Property group Mirvac will pay $584 million for seven office properties across Australia as it looks to increase its ownership of inner-city workplaces.Mirvac has agreed to buy 90 Collins Street in Me..

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Mining boom near its peak, says RBA

The boom in Australia's mining investment is near its peak, though it will remain at very high levels for the next year or so.The Reserve Bank of Australia on Friday said capital expenditure in the re..

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US stocks follow global markets higher

US stocks regained momentum Friday after Thursday's losses, moving higher along with global equity markets as the G7 finance chiefs were to meet outside London on global economic challengesFive minute..

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Australian share market closes flat

The Australian share market has closed flat, held back by weakness among the major banks and expectations of a pause on interest rate cuts following the release of encouraging jobs figures. The une..

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Santos flags higher dividend

Santos has flagged that it could return more cash to shareholders through higher dividends. The oil and gas producer plans to review its dividend policy as its liquefied natural gas joint venture i..

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Rio shareholders want bigger dividend

Rio Tinto has copped a serve from its shareholders for what they see as miserly dividend payouts from the mining giant.Richard Giles from the Australian Shareholders Association told Rio Tinto's annua..

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Mirvac sticks with guidance

Property group Mirvac says it is on track to meet its full year financial guidance after a review of its business.The company still expects to achieve earnings per security of between 10.7 cents and 1..

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Billabong talks drag on

Shares in Billabong have been suspended from trading as the struggling surfwear retailer continues talks over a possible takeover or other transaction.Billabong requested the suspension from trading o..

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Rates may be cut again, says NAB

More rate cuts are on the horizon after National Australia Bank joined its wealthy rivals with a $2.9 billion six month profit.NAB was the first to pass on the central bank's rate cut to borrowers ear..

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US stocks retreat slightly

US stocks Thursday edged lower after recent record-setting gains, despite a favourable report on jobless claims.Five minutes into trade, the Dow Jones Industrial Average dropped 1.99 (0.01 per cent) t..

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Shares up as Seven surprises on costs

Shares in Seven West Media have leapt 10 per cent after the company exceeded expectations on cost cuts and chief executive Don Voelte said the media group was placed to improve next year.Mr Voelte, a ..

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Sigma to maintain high payout

Drugs wholesaler and pharmacy services provider Sigma Pharmaceuticals expects to keep paying out a large proportion of its profits to shareholders.Sigma owns the Amcal, Guardian and Amcal Max pharmacy..

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