Latest Finance News



Mt Magnet to reach full gold production

Ramelius Resources expects to reach full production at its flagship Mt Magnet operation by the end of the year after boosting gold production by 15 per cent in the quarter. The WA gold miner produc..

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Stocks to watch early on Monday

Stocks to watch on the Australian stock exchange on Monday, October 29 ACN - ACER ENERGY LTD - up 0.5 cents at 29 cents DLS - DRILLSEARCH ENERGY LTD - down three cents at $1.485 Acer Energy s..

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US stocks close flat on mixed earnings

US stocks have finished flat under the shadow of earnings disappointments but tempered by a slightly better-than-expected estimate of economic growth in the third quarter. The Dow Jones Industrial ..

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AMP improves its quarterly cash flows

Wealth manager AMP has increased its cash flows in the third quarter of calendar 2012 due to growth in self-managed superannuation funds. AMP said it had a net cashflow of $605 million in the three..

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Macquarie lifts profit on cost cutting

Job cuts and lower costs helped investment firm Macquarie Group overcome subdued financial markets to increase its first half profit. Macquarie met expectations with a net profit of $361 million in..

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Billabong is hip, its grey leaders say

Struggling surfwear brand Billabong is a bit like the Australian Greens - it appeals to the youth market, but its leaders are mature-aged. Slides of teenage swimwear models holding surfboards and s..

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Stocks to watch early on Friday

Stocks to watch on the Australian stock exchange on Friday October 26 ANZ - ANZ BANKING GROUP LTD - down 22 cents at $25.38 Small and medium businesses are in for more economic pain, which could..

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Newcrest defends its PNG operations

Australia's largest goldminer Newcrest Mining has urged shareholders to keep the faith in the company's long-term picture after a series of hostile questions at its AGM. A rash of problems at its L..

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US stocks fall amid more glum earnings

US stocks have closed lower, unable to hold on to earlier gains amid weak corporate earnings and after the Federal Reserve left policies on hold as expected. The Dow Jones Industrial Average fell 2..

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