Latest Finance News



Retail woes, cheaper oil hit US stocks

Worries about US retail sales and sinking oil prices have sent Wall Street shares lower. A dismal third-quarter report by department store chain Macy's, which slashed its year-end forecast, spilled..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - US stocks are mixed in afternoon trade, with gains in healthcare stocks offset by a drop in Apple as investors hunker down for a potential in..

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Stocks to watch on Wednesday

Stocks of interest on the Australian Securities Exchange on Wednesday: BHP - BHP BILLITON Negligence and human error likely caused two mining dams in southeastern Brazil to burst last week, unle..

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Sharemarket lower at noon

The Australian share market has slipped about one per cent, with the key ASX/200 index below the 5100-point mark, as investors give banks the cold shoulder. All of the big four banks were in the re..

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Resources drag market into red

Resource stocks have dragged the sharemarket down by more than one per cent as commodity prices take a fresh drubbing. In the wake of its production guidance review announcement and Brazillian mine..

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Aust share market slightly higher

The Australian share market has closed slightly higher as investors await key jobs figures in the US which are likely to influence whether the US Federal Reserve lifts interest rates in December. C..

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Aust market has closed lower

The Australian share market has closed lower, weighed down by the big banks as National Australia Bank traded ex-dividend. Bell Direct equities analyst Julia Lee said most sectors finished in the r..

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Aust shares close in positive territory

The Australian share market has closed slightly higher, buoyed by the big miners. Most major sectors opened higher on Wednesday after the Reserve Bank's more upbeat assessment of the local economy,..

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RBA more open to cutting cash rate

Sluggish inflation has increased the odds of an interest rate cut, but the RBA will only open the starter's gate if there are signs the economy is weakening. The Reserve Bank left its cash rate on ..

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Market flat as caution takes hold

With investors practicing caution ahead the release of economic data and several central bank meetings, the share market has had a flat day of trade."We do have possibly some quite significant events ..

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Market boosted by China’s rate cuts

The share market has hit a two month high as sentiment is boosted by economic stimulus measures in China. The benchmark S&P/ASX200 is up 0.4 per cent to its highest level since mid-August, driv..

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Stocks to watch on Monday

Stocks of interest on the Australian Securities Exchange on Monday: ARG - ARGO INVESTMENTS Argo Investments has annual general meeting on Monday. AST - AUSTNET SERVICES AusNet Services hol..

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ANZ joins rivals and hikes rates

ANZ has joined its rivals in hiking interest rates for home owners to help cover the costs of boosting their protection against potential economic shocks. ANZ will raise its standard variable inter..

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Market’s surge continues

The share market is close to two per cent higher as investors buy into all sectors after the European Central Bank raised expectations it will provide further economic stimulus. Consumer stocks are..

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NAB joins CBA, Westpac in raising rates

Australian homeowners are facing higher mortgage repayments after the National Australia Bank became the third major lender to hike its standard variable home loan interest rates. NAB has announced..

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US stocks surge on earnings, dovish ECB

US stocks have powered higher, lifted by dovish signals from the European Central Bank and strong earnings from McDonald's, Texas Instruments and others. The Dow Jones Industrial Average on Thursda..

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Market lower at noon

The share market is slightly lower at noon weighed down by resource stocks. Lower commodity prices saw BHP Billiton lose 22 cents to $24.01 while rival Rio Tinto was also off by 16 cents to $52.62...

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