Latest Finance News



Unemployment rates fall in 39 US states

Unemployment rates have fallen in four-fifths of US states in December and rose in just two, though most of the improvement stemmed from unemployed Americans giving up on their job searches. The La..

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Australian share market closes lower

The Australian share market clawed back some of its earlier losses but still closed lower on Tuesday on the back of investor concern over emerging markets. Weakness in the resources sector and amon..

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Downer wins contracts worth $100m

Engineering and mining firm Downer EDI has won two contracts worth about $100 million with BHP Billiton Iron Ore in Western Australia. Under a contract worth about $40 million, Downer will design a..

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Australian shares stage slight recovery

Australian shares have recovered some of the heavy losses posted in early trade, but remain weaker as investors take a cautious approach ahead of a US central bank meeting. US Fed chairman Ben Bern..

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Australian stocks open lower

Australian stocks have fallen heavily after resuming trade after the Australia Day public holiday, due to a recent sell off on Wall Street. Wall Street's Dow Jones Industrial Average took a near tw..

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JB Hi-Fi half-year profit rises by 10%

Home entertainment retailer JB Hi-Fi's 10 percent profit increase has been welcomed by shareholders, adding more than $90 million to its market value. But the electronics and DVD seller's good news..

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Boral flags weak second half

Building products maker Boral expects strong profit growth for the first half of the financial year, but has flagged weaker earnings for the second half. Boral expects its net profit for the six mo..

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US new-home sales slip in December

Sales of new US homes fell seven per cent in December, but were enough to sustain a full-year gain of 16.4 per cent compared with 2012. New sales for single-family homes ran at an annual pace of 41..

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US stocks decline again amid anxiety

US stocks have finished lower again as investors anxiously awaited a busy week of economic news that includes a US Federal Reserve policy meeting. The Dow Jones Industrial Average slumped 41.23 poi..

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US stocks plunge 2% in broad sell-off

US stocks have plunged around two per cent, sinking for a second straight day on concerns over emerging economies and disappointments in US corporate earnings. The Dow Jones Industrial Average tumb..

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Share market closes lower

The Australian stockmarket has closed lower after disappointing Chinese manufacturing figures caused a sell off. It's the third straight week that local shares have finished in the red. Bell Dir..

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Echo unloads Townsville casino

Casinos operator Echo Entertainment Group is selling its smallest operation, the Jupiters casino in Townsville, to the privately-owned Colonial Leisure Group for $70 million. Echo expects to make a..

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Spending on WA oil and gas falls

Exploration spending in the West Australian oil and gas sector dropped by more than 10 per cent in the September quarter. The latest WA Resources and Economics Report shows that contributed to tota..

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ResMed’s US results disappoint

Sleep disorder equipment supplier ResMed is disappointed with the financial performance of its business in the United States, despite a profit rise. The company began in 1989, selling a device deve..

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AACo appoints Jason Strong as CEO

Beef producer Australian Agricultural Company (AACo) has appointed its current general manager of marketing, Jason Strong, as its new chief executive. "Since 2012, Jason has had responsibility for ..

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Share market lower in quiet trade

The Australian stockmarket has pushed its way into positive territory after a soft lead from overseas saw it start the local session in the red. The local market started the day on the back foot in..

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US stocks tumble on weak data

US stocks have sunk after a weak report on Chinese manufacturing activity and the latest batch of lacklustre corporate earnings. The Dow Jones Industrial Average slumped 175.99 (1.07 per cent) to 1..

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