Latest Finance News



We should build on our luck: RBA

Australia is in a good position to avoid the global financial crisis and should continue to use its "lucky" position to shield against further economic shocks, the central bank governor says. Austr..

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Alesco books $13.9 million annual loss

Building products supplier Alesco Corporation predicts the tough times in the housing market will continue for the near term as it fends off a takeover offer from DuluxGroup. Alesco on Tuesday repo..

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Aussie shares flat at noon

The Australian sharemarket was down at noon as cautious investors awaited Chinese data and a speech by the Reserve Bank of Australia chief. At 1200 AEST on Tuesday, the benchmark S&P/ASX200 ind..

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Stocks to watch early on Tuesday

Stocks to watch on the Australian stock exchange early on Tuesday, July 24, 2012: ALS - ALESCO CORPORATION LTD - down one cent, or 0.49 per cent, at $2.03 DLX - DULUXGROUP LTD - down five cents,..

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Petsec forecasts heavy loss

Petsec Energy is the latest producer to be belted by plunging gas prices, with the company forecasting a first half loss of up to $US6 million ($A5.81 million). The average gas equivalent sales pri..

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Woolworths sales up despite price war

Woolworths has lifted annual sales by 4.7 per cent to $56.7 billion, despite the supermarket giant's price war with Coles exacerbating tough retail conditions. Woolworth's key Australian food and l..

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PPI rise shouldn’t prevent rate cuts

A rise in Australia's June quarter producer price index could mean Wednesday's inflation data will be stronger, but it should not prevent more interest rate cuts by the central bank, economists say. ..

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O’Neill takes over as Echo chairman

Australian Rugby Union chief executive John O'Neill has officially taken over as chairman of casino operator Echo Entertainment Group's board. Mr O'Neill takes over from John Story who stepped down..

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Stocks to watch early on Monday

Stocks to watch on the Australian stock exchange early on Monday, July 23: AIO - ASCIANO - down two cents, or 0.46 per cent, at $4.37 ARI - ARRIUM LTD - down 4.5 cents cents, or 4.89 per cent, a..

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Weaker start tipped for Aussie shares

The Australian share market is tipped to open lower in a cautious start to the week on the back of losses in Europe and the United States on Friday. The losses are thought to be a case of some inve..

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Spending up in June: Commonwealth Bank

Recent rate cuts and household stimulus have helped economy-wide spending rise for the sixth consecutive month in June. The Commonwealth Bank of Australia (CBA) business sales indicator (BSI) for J..

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Australian share market ends lower

The Australian sharemarket has closed slightly lower as investors took profits on stocks that rose steadily during the week. The benchmark S&P/ASX200 index eased 7.6 points, or 0.18 per cent, t..

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Four players bid to eat up Darrell Lea

Australia's biggest independently owned chocolate-maker Darrell Lea could fall into foreign hands, with four international and local players emerging as frontrunners to buy the troubled confectioner. ..

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Aussie dollar maintains its rise

The Australian dollar has maintained its six-week high against the greenback with the release of domestic terms of trade data doing little to halt momentum. At 1200 AEST on Friday, the Australian d..

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Ten to sell Eye Corp for up to $145m

Broadcaster Ten Network Holdings has agreed to sell its outdoor advertising business, Eye Corp, to Outdoor Media Operations (OMO) for up to $145 million. OMO owns oOh!media, an Australian outdoor a..

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Google profits surge on ad revenue

Google has reported a surge in quarterly profit to $US2.79 billion ($A2.69 billion) on the back of rising online advertising revenue, beating Wall Street expectations. The California-based online s..

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First ever loss for Microsoft

Microsoft has posted its first ever loss, shedding $US492 million ($A476.26 million) in the fourth quarter due to a massive $US6.2 billion ($A6.00 billion) write-down to reflect the slump in value of ..

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