Latest Finance News



US, European stocks fall

A roundup of trading on major world markets: NEW YORK - US stocks clawed back early sharp losses on S&P's downgrade of France, Spain, Austria and Italy and new worries over Greece Friday, but s..

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US retail sales weaken

America's retailers enjoyed a record 2011 and their first $US400 billion ($A389 billion) sales months ever. But the final month of the year was a dud. Sales eked out a 0.1 per cent increase in Dece..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday: BHP - BHP BILLITON LTD - up 19 cents, or 0.53 per cent, at $36.37 FMG - FORTESCUE METALS GROUP LTD - down three cents, or 0.64 per cen..

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Key debt crisis deals near

Negotiators on Thursday reached an outline deal on a European pact to restore balanced budgets and Greece voiced hope it will secure a private debt write-down, as Italy and Spain sailed through their ..

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Wall Street opens higher

US stocks have opened higher, tracking the rises in European markets while shrugging off some disappointing data on retail sales and jobless claims. Five minutes into trade on Thursday, the Dow Jon..

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Aussie stocks close weaker

Australian shares finished slightly lower after a surprise profit warning from QBE Insurance and disappointing data from China weighed on prices. Shares in the insurance giant plummeted to eight ye..

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Natural disasters hit QBE

A record year for natural disasters has caused insurance giant QBE to issue the year's first major profit downgrade, sending its shares to a near eight-year low. QBE's sizeable exposure to floods i..

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Iluka revenue still growing

Mineral sands producer Iluka Resources' sales revenues in the December quarter were up 53 per cent, capping a year of strong growth in production and sales. Mineral sands, such as rutile, zircon an..

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Noni B bucks the retail blues

As tough economic conditions left most retailers' coffers emptier than hoped, fashion chain Noni B has fared better. The company on Thursday announced it expected to lift its first-half profit by u..

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Gold, copper prices rise

A summary of trading in key commodities markets overseas: PRECIOUS METALS Gold rose nearly one per cent to a one-month high, breaking ranks with the euro and equities, as evidence of strong physical..

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US, European stocks slip

A roundup of trading on major world markets: NEW YORK - US stocks opened lower on Wednesday a day after a burst of buying sent markets higher on the promising first results of the corporate earning..

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Greek deficit reaches 9.6%

Greece's public deficit for 2011, a key indicator of the country's economic recovery closely monitored by its creditors, reached 9.6 per cent of output, the development minister said on Wednesday. ..

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Coalworks developing assets

While the market speculates about when Whitehaven Coal will bid for Coalworks, the likely takeover target says it will get on with developing its NSW coal assets in 2012. Massive international dema..

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Aussie stocks close higher

Australian shares posted their second straight day of gains after a rise offshore markets sparked hopes for a pickup in the world economy. Shares ended near their highest point in four weeks as a g..

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Unemployment likely to rise

A fall in job vacancies in the latter months of 2011 is a warning that the unemployment rate is likely to edge up in the months ahead. That positive side of that warning is an enhanced prospect of ..

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Shares at one-month high

Australian shares gained more than one per cent as an upbeat start to the US earnings season and hopes of further monetary easing in China sparked a rally in global stocks. At 1200 AEDT on Tuesday ..

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