Latest Finance News



Oil prices dive by over 6%

US oil prices plunged more than $US5 ($A4.98) on Thursday, hit by a stronger US dollar as investors flocked to the safe-haven currency on escalating fears about the weak economy and the threat of a ne..

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Lynas shares drop on higher losses

Australia's largest rare earths miner Lynas Corporation has posted a 33 per cent widening in its full-year loss following a year blighted by controversy.Public protests this year prompted an investiga..

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US stock markets claw gains after rout

US stocks halted their downward slide on Friday, with the Dow Jones Industrial Average hovering just above the break-even mark at the close, despite ongoing gloom about the state of the global economy..

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Brickworks slashes jobs

Australia's largest brick and tile maker, Brickworks, says it has axed 17 per cent of its workforce and will close two more factories before Christmas due to the depressed housing market.Brickworks ma..

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Lynas flags a $57m loss

Lynas Corporation has flagged a 30 per cent jump in full year pre-tax loss due to higher operating costs at its Mt Weld rare earths mine in Western Australia as production is ramped up.Lynas shares ha..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange early on Thursday:AAC - AUSTRALIAN AGRICULTURAL COMPANY LTD - steady at $1.40Beef producer Australian Agricultural Company Ltd (AACo) says it could sta..

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Asset sales prop up Washington H profits

Diversified investor Washington H Soul Pattinson's (WHSP) increased full year profit by 67 per cent and the company says it has plenty of cash to grow its portfolio.WHSP generated a net profit of $363..

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Consumers prefer services to goods: RBA

The struggles of retailers across the country have come as consumers switch their spending away from goods to services and so-called "experiences", a central bank official says.Reserve Bank of Austral..

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Alesco sees no improvement

Building products distributor Alesco Corporation says trading conditions in the Australian housing and construction markets have not improved since August when it said that it expected lower profits i..

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Kathmandu’s profit soars

Kathmandu Holdings has quadrupled annual profit as sales shot up through the year.The outdoor clothing retailer faced none of the previous year's cost of floating on the stock exchange.Net profit was ..

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Stocks to watch Wednesday

Stocks to watch on the Australian stock exchange on Wednesday:JHX - JAMES HARDIE INDUSTRIES SE - down 14 cents at $5.57The tax office has appealed to the High Court after the Full Federal Court found ..

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