Latest Finance News



O’Neill takes over as Echo chairman

Australian Rugby Union chief executive John O'Neill has officially taken over as chairman of casino operator Echo Entertainment Group's board. Mr O'Neill takes over from John Story who stepped down..

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Stocks to watch early on Monday

Stocks to watch on the Australian stock exchange early on Monday, July 23: AIO - ASCIANO - down two cents, or 0.46 per cent, at $4.37 ARI - ARRIUM LTD - down 4.5 cents cents, or 4.89 per cent, a..

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Weaker start tipped for Aussie shares

The Australian share market is tipped to open lower in a cautious start to the week on the back of losses in Europe and the United States on Friday. The losses are thought to be a case of some inve..

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Spending up in June: Commonwealth Bank

Recent rate cuts and household stimulus have helped economy-wide spending rise for the sixth consecutive month in June. The Commonwealth Bank of Australia (CBA) business sales indicator (BSI) for J..

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Australian share market ends lower

The Australian sharemarket has closed slightly lower as investors took profits on stocks that rose steadily during the week. The benchmark S&P/ASX200 index eased 7.6 points, or 0.18 per cent, t..

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Four players bid to eat up Darrell Lea

Australia's biggest independently owned chocolate-maker Darrell Lea could fall into foreign hands, with four international and local players emerging as frontrunners to buy the troubled confectioner. ..

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Aussie dollar maintains its rise

The Australian dollar has maintained its six-week high against the greenback with the release of domestic terms of trade data doing little to halt momentum. At 1200 AEST on Friday, the Australian d..

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Ten to sell Eye Corp for up to $145m

Broadcaster Ten Network Holdings has agreed to sell its outdoor advertising business, Eye Corp, to Outdoor Media Operations (OMO) for up to $145 million. OMO owns oOh!media, an Australian outdoor a..

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Google profits surge on ad revenue

Google has reported a surge in quarterly profit to $US2.79 billion ($A2.69 billion) on the back of rising online advertising revenue, beating Wall Street expectations. The California-based online s..

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First ever loss for Microsoft

Microsoft has posted its first ever loss, shedding $US492 million ($A476.26 million) in the fourth quarter due to a massive $US6.2 billion ($A6.00 billion) write-down to reflect the slump in value of ..

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US stocks score third day of gains

US stocks have notched gains for a third straight day as investors looked past disappointing economic data to a batch of positive corporate earnings reports. The Dow Jones Industrial Average on Thu..

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Fairfax appoints Jack Cowin to board

Mining billionaire Gina Rinehart's battle over board seats at Fairfax Media is expected to continue despite the appointment of her close ally Jack Cowin as an independent director. The troubled med..

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Santos boosts sales and production

Santos has posted an 18 per cent jump in quarterly sales revenue, giving it a financial boost as it develops its costly giant LNG projects. The market and analysts were impressed with the better th..

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Woodside lifts production target

Woodside Petroleum has upgraded its full year production target, thanks to a stellar start to its giant Pluto liquefied natural gas project (LNG) that helped boost second quarter output by 43 per cent..

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Business conditions weaker: survey

Australian business conditions weakened in the three months to June, according to a private survey. The National Australia Bank (NAB) quarterly survey showed the business conditions index for the J..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, July 19 AIO - ASCIANO LTD - up three cents at $4.37 Asciano will axe half its Sydney workforce as it expands and automates its Port ..

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