Latest Finance News



Aussie shares close lower

The share market has closed lower amid pressure on mining stocks. At the close on Wednesday, the benchmark S&P/ASX200 index was 54 points, or 0.98 per cent, lower at 5,463.1, while the broader ..

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Slow wages growth

Whatever drives the economy's rebalancing in the months ahead, it's unlikely to be spendthrift wage-slaves. The average wage rate in the third quarter of 2014 was only 2.6 per cent higher than a ye..

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Personal finance down 5.5% in September

The value of new personal loans fell 5.5 per cent in September. Personal finance commitments, seasonally-adjusted, were worth $8.369 billion in September, the Australian Bureau of Statistics said o..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, Nov 12: APO - APN OUTDOOR - up 10 cents, or 3.9 per cent, at $2.65 Billboard advertiser APN Outdoor has enjoyed a positive first se..

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5th day of records for US stocks

US stocks have set fresh records for the fifth straight session, but just barely, amid holiday-dampened trade.The Dow Jones Industrial Average on Tuesday was up a scant 1.16 point (0.01 per cent) at 1..

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Share market drops as commodities fall

The share market has closed lower as a broad drop in commodity prices weighed on energy and resources stocks. Mining giants BHP Billiton and Rio Tinto fell as iron ore prices dropped close to $US75..

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Aussie shares close lower

The share market has closed lower due to weakness in the mining and energy sectors. At the close on Tuesday, the benchmark S&P/ASX200 index was down 6.9 points, or 0.12 per cent, at 5,517.1, wh..

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Share market weaker as big miners drop

The share market is weaker as investors turn away from the big miners. A slightly better finish on Wall Street has failed to flow through to Australia, as the weakest iron ore prices in five years ..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, Nov 11: CWN - CROWN RESORTS - down four cents, or 0.3 per cent, at $14.11 Crown Resorts chairman James Packer has appointed banker Ro..

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US stocks reach new records

US stock markets have soared to fresh records, but internet broadband carriers were hit hard by President Barack Obama's call for tough net neutrality rules.For the third straight session, the Dow Jon..

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Aussie bonds firmer after US jobs data

The bond market is stronger after a rally on the release late last week of weaker than expected US employment data. The unemployment rate dropped to a six year low of 5.8 per cent as the number of ..

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Shares start week with a fall

The share market has started the week on a negative note due to falls by the big banks. The market's weakness came despite positive overseas influences, including a gain on Wall Street, higher oil ..

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China’s inflation unchanged at 1.6%

Chinese inflation was unchanged at a near five-year low of 1.6 per cent in October with analysts warning the world's number two economy is facing deflationary risks. Monday's consumer price index f..

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Investors dominate home loan market

Investors increased their domination of the housing loan market in September. For the first time, investors grabbed more than half the new loans approved in a month. Loans approved for investors..

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Buyers lining up for Ten

Network Ten has been the unloved step-sister of Australian TV in recent years but a string of would-be fairy godmothers are lining up to give the struggling broadcaster a Cinderella-like makeover.The ..

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Banks pull back Aussie share market

The Australian share market is lower as investors sell out of the major banks. CMC markets chief market strategist Michael McCarthy said Westpac, which was trading ex-dividend on Monday, was the bi..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, Nov 10: SCG - SCENTRE GROUP - down 5.00 cents, or 1.39 per cent, at $3.56 Westfield shopping centres owner Scentre Group sold Singapor..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - The Dow and S&P 500 have edged to fresh records after the US economy added 214,000 jobs in October and the unemployment rate fell. The..

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Aussie shares close higher

The Australian share market has closed higher, finishing the session and the week in positive territory despite two of the big four banks going exdividend. At the close on Friday, the benchmark S&a..

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RBA confirms dreary jobs outlook

Jobseekers looking for encouraging news in the Reserve Bank of Australia's latest assessment of the economy will be disappointed. The same goes for wage-earners. "Labour market conditions remain..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, Nov 7: APN - APN NEWS AND MEDIA - up 1.5 cents, or two per cent, at 75.5 cents APN News & Media will take a $NZ54 million ($A50.27..

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