Latest Finance News



Precious metals close higher

Gold futures have continued to rebound from last week's historic sell-off, locking in a 1.8 per cent rise as futures investors and buyers of gold coins and bars continued to step into the market. T..

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US stocks bounce back

US stocks have moved higher amid mixed earnings reports, bouncing back after last week's losses. The Dow Jones Industrial Average gained 19.66 points, or 0.14 per cent, to 14,567.17. The broad-b..

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Australian shares close firmer

The Australian share market closed higher, led by resources stocks that rebounded after being battered last week due to falling commodity prices. It was the second consecutive day of gains on the A..

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Exit from mining boom unlikely smooth

Some economists refer to the economy's transition out of the mining investment boom as "rebalancing", but Guy Bruten doesn't think it will be as smooth as the term suggests. He expects it will be r..

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Avexa nearer to coal/drugs mix

Australian biotech Avexa is moving closer to discovering if coal and drugs really do mix. Avexa expects that it may have revenue from coal mining by late 2013 to help it fund drug development. A..

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Calibre wins $140m Hay Pt contract

Calibre Group has been awarded a $140 million contract to upgrade the Hay Point coal export terminal in Queensland for the BHP Billiton Mitsubishi Alliance. The engineering group said its subsidiar..

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Oz Minerals shares slump to decade low

Investors have dumped Oz Minerals stocks to 10-year lows after it slashed production guidance in its quarterly update.The copper and gold miner also forecast a further rise in costs in the current qua..

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Inflation expected to stay benign

It looks like the Reserve Bank of Australia (RBA) boss will be able to keep saying his favourite phrase for a little bit longer. "The inflation outlook would afford scope to ease policy further, sh..

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International financial news

A roundup of news in finance, economics and business from around the world: INTERNATIONAL NEWS WASHINGTON - While world finance leaders say the global economy has improved slightly this year, th..

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Gold lifts slighty after recent falls

Gold prices have inched higher, briefly trading above $US1,400 an ounce, as reports of swift sales of the physical metal by bullion traders and coin stores bolstered investor interest in the precious ..

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US stocks gain in light trading day

US stocks have closed higher after a series of mixed earnings reports arrived into a market preoccupied with the Boston manhunt. The Dow Jones Industrial Average on Friday rose 10.37 (0.07 per cent..

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Lynas expects medium term demand boost

Rare earths miner Lynas expects demand for its products to grow over the medium term following a steep fall in prices during the March quarter. Lynas Corporation's refinery in Malaysia is now produ..

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Wilson HTM boss under investigation

Wilson HTM boss Andrew Coppin has denied claims of inappropriate behaviour by two staff members. While the workers have not lodged a formal complaint, the broker and fund manager has launched an in..

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Sydney Airport passengers up in March

The number of passengers passing through Sydney and Melbourne airports rose in March. Sydney Airport handled 3.15 million travellers during the month, up 3.5 per cent from 3.04 million a year earli..

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Optus wins $60mln contract

Optus has won a $60 million contract with security company Suretek. The five-year contract is for fixed network and mobile services. Optus and Suretek, which provides security monitoring, wirele..

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Hills may pay dividend at full year

Manufacturer Hills Holdings says its shares are undervalued and the company may pay a dividend at the end of the financial year. Electronics, building materials and lifestyle products supplier Hill..

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Santos making good growth progress

Oil and gas company Santos is making solid progress on its growth projects as it sticks to full year production targets despite a weak first quarter.Santos said its three major growth projects remain ..

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AACo to sell two Qld properties

Cattle producer Australian Agricultural Company (AACo) will sell two of its properties in southern and central Queensland as the group focuses on assets further to the north in Australia. AACo said..

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BHP boss stamps his authority

BHP Billiton's incoming boss Andrew Mackenzie has not started his new job yet, but has already made sweeping changes that remove rivals. The new management structure eliminates several highly paid ..

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