Latest Finance News



BHP boss is the nation’s top earner

BHP Billiton boss Marius Kloppers is the nation's highest-paid chief executive, earning $11.8 million last year, research finds. But this was well down on 2010's champion earner, the then chief exe..

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New vehicle sales hit record high

Car yards sold more new vehicles in August than ever before. More than 93,000 new vehicles were sold in August, seasonally adjusted, a 3.6 per cent jump on the previous month, figures released by t..

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Macmahon expected to downgrade profits

Macmahon Holdings is poised to cut its earnings guidance, only a month after the mining services and construction group forecast 20 per cent profit growth for fiscal 2013. The group requested a tra..

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Stocks to watch early on Monday

Stocks to watch on the Australian stock exchange on Monday, September 17 ANZ - ANZ BANKING GROUP LTD - up nine cents at $24.23 ANZ Bank on Friday said its variable interest rates for Australian ..

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Fortescue Metals told to raise cash

Fortescue Metals is expected to cave to pressure from its bankers and announce a capital raising, as negotiations continue to restructure the troubled miner's heavy debt. The company placed its sha..

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AGMs could be on the chopping block

Shareholders could lose their once-a-year opportunity to mingle with the company directors, if the government's corporate law adviser has its way and scraps annual general meetings (AGMs). Corporat..

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Crown raises $532m in notes offer

James Packer's Crown Casino has raised $532 million through its subordinated notes offer. The amount exceeded the $400 million Crown in August said it was seeking to raise. Crown said it had iss..

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Thiess wins $154m Barangaroo contract

Leighton Holdings' engineering, construction and mining services subsidiary Thiess has won a $154 million contract to build a walkway through Sydney's CBD to the Barangaroo development. The key ped..

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Aussie dollar surges on US stimulus

The Australian dollar has surged to its highest level in a month after the US Federal Reserve announced fresh measures to stimulate the country's sluggish economy. At 0700 AEST on Friday, the curre..

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Fortescue shares drop on debt request

Fortescue Metals Group has had $1.5 billion wiped from the value of its market capitalisation as its share price slumped to a fresh three-year low, amid reports it has asked lenders to waive its debt ..

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Retailers call for GST on online sales

Retailers have launched another campaign to have GST charged on internet purchases from overseas, warning that Australian governments will forgo revenue of more than $2.4 billion over the next three y..

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BHP price talks raise jobs fears

More job losses and coal mine closures are feared in Queensland, amid reports that BHP Billiton will cut sharply the price of its next coking coal contract in Japan. BHP, Queensland's largest coal ..

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