Latest Finance News



US stocks eke out gains

US stocks have rallied from intraday lows, picking up momentum after a dreary open and ending the day narrowly in the black. The Dow Jones Industrial Average rose 3.22 (0.02 per cent) to 15,558.83...

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BHP, Rio spend billions on Escondida

Mining giants Rio Tinto and BHP Billiton will spend $US3 billion ($A3.26 billion) to support the world's largest copper mine, Escondida in Chile. BHP Billiton, the mine's operator, will put in $US1..

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Bank rally offsets weaker miners

A rally by banking shares helped the Australian share market shrug off weaker resources stocks and close the week with another rise.The S&P/ASX200 fell from its earlier highs in afternoon trade but th..

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Tokyo stocks close down 2.97%

Tokyo stocks have tumbled 2.97 per cent as the US dollar turned sharply lower against the yen, denting shares of major Japanese exporters.The benchmark Nikkei 225 index on Friday ended down 432.95 poi..

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Facebook seen at turning point

Facebook shares have vaulted to their highest level in more than a year as news of surging mobile revenues marked what some called a turning point for the social networking giant. The shares leapt ..

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US stocks fall as markets eye busy week

US stocks have opened lower as equities consolidated recent gains and investors prepared for a busy economic calendar next week.Five minutes into trade on Friday, the Dow Jones Industrial Average lost..

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Macquarie Group making more money

Macquarie Group expects profit to continue to grow as financial market conditions improve and a weaker Australian dollar boosts the value of its income from overseas. The investment bank's net prof..

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Miners weigh on share market

Falls in the resources sector are pushing the Australian share market lower.The S&P/ASX200 index was down by about 0.3 per cent at noon, roughly in line with with the levels it hit soon after opening...

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OZ Minerals shares lower

Shares in OZ Minerals have dropped more than seven per cent after the miner warned it would produce less gold this year than previously expected. The company has cut its production guidance for 201..

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Dollar firms after strong US home data

The US dollar has gained ground against other major currencies after strong sales of new US homes triggered fresh talk the Federal Reserve will wind down stimulus. The euro bought $US1.3199 around ..

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Darwin inflation nation’s highest

The cost of living in Darwin has skyrocketed, with inflation higher than in any other Australian capital city, new figures show. Consumer Price Index figures released by the Australian Bureau of St..

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Resource stocks shrug off China woes

Resource companies have shaken off a slowdown in Chinese manufacturing to help the Australian share market finish firmer. Shares took a short-lived hit in early afternoon trade after HSBC's purchas..

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Tokyo stocks end 0.32% lower

Tokyo shares have closed 0.32 per cent lower after US stocks ended mixed in a market that traders said looked overheated. The benchmark Nikkei 225 index on Wednesday fell 47.23 points to 14,731.28,..

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Commodity prices boost share market

Another day of soaring gold and commodity prices has helped the Australian share market close higher. The local market rose by 0.3 per cent, sending the All Ordinaries index above 5,000 points for ..

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Billabong draws on loan, sells DaKine

Struggling surfwear retailer Billabong has sold another of its brands and completed a $325 million bridge loan in order to pay off looming debts. DaKine, a maker of backpacks, luggage and outerwear..

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