Latest Finance News



Bargain hunters lift market

The share market is higher as investors shrug off further falls on overseas markets and pounce on cheaper stocks. The market is around half a per cent higher, and on track to finish in the black fo..

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Smartphones cut into Google profit

The rise of smartphone use to access the internet, and slowing clicks on ads, cut into profits by Google in the third quarter. Shares in Google fell after the technology giant said that although ov..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, Oct 17: ANR - ANATARA LIFESCIENCES - down eight cents, or 16 per cent, at 42 cents A biotech firm that's using a pineapple root extrac..

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US stocks finish little changed

Wall Street has finished little changed after another rocky trading session, as the market weighed better US economic data against its fears over sluggish global growth. The Dow Jones Industrial Av..

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Aussie shares close higher

The Australian share market has closed higher, finishing in positive territory despite falls among the miners and a dip early in the session. At the close on Thursday, the benchmark S&P/ASX200 ..

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Shares weaken as Ebola stirs worries

The share market is more than one per cent weaker as investors worry about sluggish global growth and the Ebola crisis in west Africa. All sectors are suffering losses as Asian share markets follow..

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US dollar retreats on weak US data

The US dollar has retreated against other major currencies after weak US economic data suggested the Federal Reserve could wait longer before raising benchmark interest rates. US retail sales fell ..

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AOFM sells $7bn of new Apr 2037 bonds

The Australian government has sold $7 billion of a new line of April 21, 2037 Treasury bonds. The Australian Office of Financial Management said the bonds were priced at a yield to maturity of 3.94..

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CBA declares 5% stake in ERoad

The Commonwealth Bank of Australia has taken a substantial shareholding in ERoad, two months after the logistics and fleet management company floated on the NZX. Australia's largest bank holds a 5...

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, Oct 15: CTX - CALTEX - up 18 cents, or 0.6 per cent, at $28.24 Caltex Australia's 58-year-old Sydney oil refinery at Kurnell is now..

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US stocks end mostly higher

US stocks have finished mixed following a round of mostly solid corporate earnings as the market shifted from a three-day slump. The Dow Jones Industrial Average on Tuesday dipped 5.88 points (0.04..

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Aussie share market rises one per cent

The Australian share market has rebounded as a surge in iron ore prices boosted the miners and bargain hunters piled into other sectors. OptionsXpress market analyst Ben Le Brun said the local bour..

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Wotif takeover delayed

The $700 million foreign takeover of Wotif.com has been delayed by a New Zealand regulator. Wotif's shareholders last week approved the company's takeover by global travel booking giant Expedia, an..

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Caltex shuts Sydney refinery

Caltex Australia's 58-year-old Sydney oil refinery at Kurnell is now officially closed with the last of its operations shut down. The site is now being run by Caltex as a fuel import terminal. T..

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Miners lead share market rebound

Local shares are rebounding as a surge in iron ore prices boosts the big miners. Higher commodity prices were also boosting other sectors, and are likely to help break the share market's recent los..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange at close on Monday: JHX - JAMES HARDIE INDUSTRIES - down 16 cents, or 1.4 per cent, at $11.28 James Hardie has been dragged back into the New Zea..

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US stocks tumble again

US stocks have finished sharply lower again as worries about global growth weighed on the market a day ahead of major company earnings releases. The Dow Jones Industrial Average on Monday tumbled 2..

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Foreign ownership of Qantas nears cap

Foreign ownership of Qantas is close to its government-imposed limit, with nearly 48 per cent of the airline now held by overseas investors. Qantas has announced that 47.8 per cent of its shares ar..

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China trade surplus more than doubles

China's trade surplus more than doubled to $US31.0 billion ($A33.54 billion) in September, official data shows, with exports jumping and imports increasing more slowly. Exports from the world's sec..

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