Latest Finance News



Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday:AIO - ASCIANO LTD - up eight cents, or 5.6 per cent, at $1.515Ports and rail operator Asciano says positive cash flow and a strong balance sh..

Full Article >

ECB action boosts euro

A move by key central banks to aid Europe's struggling banks gave a solid boost to the euro Thursday.The euro climbed more than one US cent during the day to stand at $US1.3882 at 2100 GMT (0700 Frida..

Full Article >

Bluescope bonuses linked to sackings

Embattled Bluescope Steel has again hit back at criticism for paying $3 million in cash bonuses to executives, which were partly a reward for restructuring that led to the sacking of 1,000 workers.The..

Full Article >

Cochlear boss gets 17% pay rise in 2011

The chief executive of bionic ear-maker Cochlear received a pay rise of nearly 17 per cent in 2011, similar to the rise in the company's full year profit.The company's 2011 report showed that Chris Ro..

Full Article >

Aussie stocks close up

Australian shares rose 1.5 per cent as investors clung to comments from French and German leaders that Greece's future was "in the eurozone" after talks with the debt-ridden country were held.However,..

Full Article >

Myer expects profit decline

Myer expects its annual profit to fall by up to 10 per cent in the current fiscal year as the department store operator endures the worst retailing environment in 30 years.Myer reported a net profit o..

Full Article >

Strike begins at Freeport

Thousands of workers at Freeport-McMoran's gold and copper mine in eastern Indonesia have begun a month-long strike over a wage dispute.Union spokesman Juli Parorongan said roughly 90 per cent of the ..

Full Article >

Facebook delaying an IPO

Facebook plans to wait until late next year before going public, the Financial Times (FT) reported on Wednesday.The newspaper, citing people close to the company, said Facebook co-founder Mark Zuckerb..

Full Article >

Rates to rise in 2012: NAB

One of the big four banks expects the Reserve Bank of Australia (RBA) to raise interest rates six months later than previously expected, after changes were made to a key measure of inflation.National ..

Full Article >

Aussie stocks up at noon

The Australian share market opened more than one per cent higher after a rally on European and US markets, as investors clung to positive comments from French and German leaders about the eurozone deb..

Full Article >

Stocks to watch Thursday

Stocks to watch on the Australian stock exchange on Thursday:APN - APN NEWS & MEDIA LTD - down two cents, or 2.3 per cent, at 85 centsFXJ - FAIRFAX MEDIA LTD - down three cents, or 3.75 per cent, ..

Full Article >

New vehicle sales rise 3.3% in August

Sales of new motor vehicles in Australia rose 3.3 per cent in August, official data shows.The Australian Bureau of Statistics (ABS) said on Thursday that new vehicle sales rose to 87,935 units in Augu..

Full Article >

Aussie stocks end lower

The Australian share market closed more than one per cent lower, with broad-based losses across almost all sectors on speculation China was unlikely to inject capital into debt-ridden European economi..

Full Article >

Aquila’s revenue up 3%

Aquila Resources Ltd has reported a full year loss of $64.558 million as a result of lower coal volumes due to flooding and exploration expenses.The company says revenue from its 50 per cent ownership..

Full Article >

Stocks to watch Wednesday

Stocks to watch on the Australian stock exchange on Wednesday:APN - APN NEWS & MEDIA LTD - up 1.5 cents, at 87 centsFXJ - FAIRFAX MEDIA LTD - unchanged at 80 centsMRN - MACQUARIE RADIO LTD - unchanged..

Full Article >

US, European stocks rise

A roundup of trading on major world markets: NEW YORK - US stocks posted healthy gains on Tuesday after a volatile day of trading driven by more twists and turns in Europe's sovereign debt crisis. ..

Full Article >