Latest Finance News



CSR cuts 150 jobs and lowers guidance

Building products company CSR shares are down more than four per cent as it prepares to cut about 150 staff and lowers profit guidance.The jobs will go as CSR closes a glass manufacturing facility in ..

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Dow sets fresh high on solid jobs data

The Dow Jones Industrial Average set a fresh record for the fourth straight session on Friday helped by solid jobs data that was nonetheless seen unlikely to move the Fed to tighten monetary policy. ..

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US stocks open higher

US stocks have opened higher as a surprisingly strong jobs report suggests the economic recovery is on track. The monthly jobs report said the unemployment rate fell to 7.7 per cent from 7.9 per ce..

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ANZ leaves rates unchanged

ANZ has left its interest rates on hold for March despite admitting its funding costs have fallen. "We have seen some easing of new funding costs from both wholesale markets and domestic deposits o..

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Local business ups pressure on gas

The end of civilisation is nigh, if some of Australia's leading companies are to be believed. When Australia's $180 billion suite of liquefied natural gas (LNG) mega-projects come online from next ..

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Banks reject call for new tax

Banks have rejected calls for a new tax on the industry, saying the move would hurt retirees and small businesses. The Australian Greens have proposed a tax on the big four banks in exchange for th..

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Stocks to watch at noon on Friday

Stocks to watch on the Australian stock exchange at noon on Friday: ANZ - AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD - down 21 cents, or 0.72 per cent, at $28.80 CBA - COMMONWEALTH BANK OF AUST..

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Australian shares open higher

The Australian share market has opened more than a quarter of a per cent higher. At 1010 AEDT on Friday, the benchmark S&P/ASX200 index was up 15.1 points, or 0.29 per cent, at 5,124.3, while t..

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US stocks ride momentum higher

Growing investor enthusiasm for equities in the wake of this week's records pushed US markets higher again on Thursday. The Dow Jones Industrial Average surged to an all-time peak for the third day..

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Australian shares close lower

The Australian share market has finished lower, despite some resilience in the resources and materials sector. Options XPress market analyst Ben Le Brun said the local market had bounced back in af..

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Trade data weighs on share market

The Australian share market is trading marginally lower as disappointing trade figures pulled stocks back from a modestly positive start. IG Markets market strategist Stan Shamu said the Australian..

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Australian shares open higher

The Australian share market has opened higher. At 1013 AEDT on Thursday, the benchmark S&P/ASX200 index was up 16 points, or 0.31 per cent, at 5,132.8, while the broader All Ordinaries index wa..

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Building sector shows encouraging signs

Australian construction sector activity posted its strongest result in almost three years, helped by strong results in housing and engineering.The Australian Industry Group (Ai Group) and Housing Indu..

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Clean Seas Tuna says it’s on track

In recent times, the health of Clean Seas Tuna has been as bad as that of the sick and dying yellowtail kingfish it was farming. However the ailing aquaculture business told investors on Wednesday ..

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