Latest Finance News



Banks work to change the way we pay

The Reserve Bank says it's working with the banking industry to innovate the way Australians pay for things as old-fashioned cheques fall by the wayside. RBA governor Glenn Stevens says the New Pay..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange at close on Wednesday: BHP - BHP BILLITON - up 52 cents, or 1.54 per cent, at $34.27 Mining giant BHP Billiton has lifted production nine per cen..

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US stocks drop after days of big gains

US stocks have dropped following mixed earnings, with the broad market retreating from three straight sessions of big gains. The Dow Jones Industrial Average fell 153.49 points (0.92 per cent) to 1..

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Aussie shares close higher

The Australian share market has closed more than one per cent higher, its seventh straight session in positive territory. At the close on Wednesday, the benchmark S&P/ASX200 index was 60.9 poin..

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House price growth softens

A slowdown in house price growth has put pay to talk of an overheated market and could open the way for a further fall in interest rates, a survey suggests. House prices rose 1.2 per cent in the Se..

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US existing-home sales bounce back

US existing-home sales rebounded in September from a dip in August to their highest pace of the year, the National Association of Realtors says. Sales of used single-family homes increased 2.4 per ..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, Oct 22: CAB - CABCHARGE - up five cents, or 1.1 per cent, at $4.70 US fleet card giant Fleetcor has been rebuffed by Cabcharge Aust..

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US stocks jump on Apple earnings

US stocks have barrelled higher, propelled by talk of broader monetary stimulus in Europe and a strong Apple earnings report that helped lift the Nasdaq by more than 100 points. The Dow Jones Indus..

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Australian shares close higher

The Australian share market has closed higher, with a sharp late rise into the green after spending almost the entire session in negative territory. At the close on Tuesday, the benchmark S&P/A..

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Aussie shares up on US lead

The Australian share market is higher on positive leads from Wall Street. The local share market continues to take its lead from a positive US session overnight as the Reserve Bank of Australia's m..

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Rising house prices lift spirits

Australians are set to loosen the purse strings a little as rising house prices give consumer confidence a leg up. Consumer confidence remains broadly stable, despite taking a hit last week, ANZ ch..

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Wages and jobs the key for the RBA

Strip back all the talk about exchange rates, credit conditions and commodity prices and the Reserve Bank of Australia's stance on interest rates comes down to one thing: the labour market. It's a ..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, Oct 21: ARI - ARRIUM - up 0.5 cents, or 1.5 per cent, at 34 cents Arrium shipped a record amount of iron ore in the first quarter of ..

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Shares rise for fifth straight session

The share market has closed firmer for a fifth consecutive session as concerns about global economic growth appear to fade. Global markets bounced back from heavy falls on Friday, which proved the ..

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Aussie shares close higher

The Australian share market has closed almost one per cent higher, its fifth straight session in positive territory. At the close on Monday, the benchmark S&P/ASX200 index was 47.7 points, or 0..

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Shares maintain strong early gains

The share market remains one per cent higher due to stronger commodity prices and positive leads from overseas markets. European markets and Wall Street posted strong gains on Friday, putting an en..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange at the close on Friday: BHP - BHP BILLITON - up 7.00 cents, or 0.2 per cent, at $33.40 Mining giant BHP Billiton has caved in to shareholder dema..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - US shares have surged after a strong rise in Europe's equity markets, with investor zeal returning following a sell-off earlier in the week. ..

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NSW topples WA as strongest economy

NSW has knocked off Western Australia as the country's strongest economy, as the glow of the mining investment boom continues to fade. It is the first time NSW has topped CommSec's quarterly State ..

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Aussie shares close higher

The Australian share market has closed higher, marking four straight sessions finishing in positive territory. At the close on Friday, the benchmark S&P/ASX200 index was 16.8 points, or 0.32 pe..

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