Latest Finance News



BHP boss earns $US16m in final year

Outgoing BHP boss Marius Kloppers earned more than $US16 million ($A17.14 million) in the last of his 20 years at the global mining giant.The 51-year-old South African could earn up to another $A18 mi..

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DJs expects retail to remain weak

Faced with ongoing weakness in the retail sector, David Jones is focussed on lifting online sales and improving margins and customer service.The department store is also thinking outside the square - ..

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US consumer confidence dips in September

US consumer confidence fell slightly in September as Americans grew more wary about the outlook in coming months, a closely watched report shows.The Conference Board said its consumer confidence index..

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US stocks mostly lower on budget impasse

US stocks have ended an up-and-down day mostly lower, as investors watched a Washington budget debate as the deadline for funding the government looms.The Dow Jones Industrial Average fell 66.79 (0.43..

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Aussie shares down for third day running

Australian shares have fallen for a third consecutive day, due to uncertainty caused by a debt ceiling stand-off in the US Congress.Uncertainty about the US budget, caused wrangles over the approachin..

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Samsung, LG end patent dispute

South Korean electronic giants Samsung and LG have agreed to end a year-long battle over display technology patents that spawned a series of lawsuits.LG Display and Samsung Display - respectively the ..

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Clean Seas kingfish production up

Fish farmer Clean Seas Tuna says it is on track to become profitable in the 2015 financial year as its kingfish production improves to its best level for years.The company said in an investor update o..

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Synlait beats profit forecast

Canterbury-based dairy processor Synlait Milk has more than doubled its full-year profit, beating its prospectus forecast. Profit was $NZ11.5 million ($A10.32 million) in the year ended July 31, fr..

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Forrest spends big on Fortescue shares

Andrew Forrest has spent close to $24 million increasing his majority stake in iron ore miner Fortescue Metals Group.The Fortescue founder and chairman bought more than 5.2 million Fortescue stocks on..

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News Corp posts profit of $US506m

Rupert Murdoch's new News Corporation has achieved a $US506 million ($A542.60 million) full year profit despite the poor performance of its ailing newspapers. The newly split publishing company's f..

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Perseus shares fall on board changes

Perseus Mining shares have fallen heavily after two of the company's founding directors announced they will depart in November.Rhett Brans and Neil Fearis will leave their positions at Perseus' annual..

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A million in super won’t be enough

Today's young workers can expect to have an average $1.1 million in their superannuation by the time they retire but it won't be enough to maintain a comfortable post-work lifestyle. New research b..

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Boart Longyear reduces credit facility

The world's largest drilling company Boart Longyear says it will reduce the size of its revolving credit facility from $US450 million to $US140 million.The company said the change was subject to its c..

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$A lower as Fed tapering still likely

The Australian dollar has fallen against a stronger US dollar, after a senior US Federal Reserve official said the Fed still could taper its bond purchases this year. At 0700 AEST on Monday, the lo..

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