Latest Finance News



Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange at the close on Tuesday, July 22: ALZ - AUSTRALAND - down one cent, or 0.2 per cent, at $4.49 Property developer Australand expects annual earnin..

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Aussie shares close higher

The Australian share market has closed higher, posting modest gains in subdued trading. At the close on Monday, the benchmark S&P/ASX200 index was 8.2 points, or 0.15 per cent, higher at 5,539...

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Nine buys HBO’s stake in Quickflix

Nine Entertainment has become a major investor in movie and TV streaming service Quickflix. Nine, which runs the free-to-air TV network and other media ventures, has bought all of US entertainment ..

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Benign inflation should keep rates low

A slowdown in consumer demand is expected to have helped keep a lid on inflation in the June quarter, allowing the Reserve Bank to keep the cash rate at record lows. But despite the recent moderati..

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Credit downgrade for Boart Longyear

Mining company Boart Longyear's poor financial performance has resulted in a credit rating downgrade.Standard & Poor's has lowered its corporate credit rating for Boart to 'CCC' from 'CCC+'."Boart Lon..

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Antares shares lift on takeover bid

Oil and gas company Antares Energy is the target of a takeover bid, sending its share price to soaring.The US focussed Antares has received an incomplete, indicative proposal to buy all of the company..

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Stocks open higher

The Australian market has opened higher, following gains on Wall Street. Patersons Securities economist Tony Farnham said the gains in US markets on Friday night meant local stocks were starting on..

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Rinehart mulls fresh Fairfax bid

Australia's richest woman Gina Rinehart appears to be mulling whether to launch a bid to seize control of Fairfax Media. The mining billionaire, who is Fairfax's biggest shareholder with a 15 per c..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, July 21: AIO - ASCIANO - up 22 cents, or 3.83 per cent, at $5.96 Rail freight and ports operator Asciano has confirmed that it is in t..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - US stocks have surged higher as strong Google earnings and a large pharmaceutical deal offset worries about worsening international crises in..

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David Jones shares stop trading

David Jones shares have finished trading on the Australian stock market as South African retailer Woolworths prepares to take control of the department store business. The shares finished trading o..

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Aussie market down after MH17 tragedy

Australian shares are lower at noon following the Malaysia Airlines flight MH17 crash in Ukraine. Wall Street retreated sharply off the back of the news overnight. The Dow Jones closed 161.39 po..

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Google profit up, CBO leaves

Google says its quarterly profit rose with a jump in revenue and that its chief business officer is leaving the company. High-profile executive Nikesh Aurora took a moment on Thursday's earnings ca..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, July 18: AAC - AUSTRALIAN AGRICULTURAL COMPANY - up one cent, or 0.79, at $1.27 Australia's free trade agreements with Japan and South..

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Share markets: Australia vs the US

A TALE OF TWO SHARE MARKETS: AUSTRALIA AND THE US The US Dow Jones and the Australian All Ordinaries fell by almost exactly the same margin from peaks in late 2007 to troughs in March 2009 in respo..

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Aussie bond futures relatively flat

Australian bond futures prices are relatively flat after little new information was revealed by US Federal Reserve chair Janet Yellen on her second day of Congressional testimony. National Australi..

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Aussie shares close higher

The Australian share market has closed higher, led by strong gains among the big miners. At the close on Thursday, the benchmark S&P/ASX200 index was 3.5 points, or 0.06 per cent, higher at 5,5..

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Materials sector lift Aussie shares

Australian shares have lifted on the back of strong performances across the materials sector. BHP Billiton and Rio Tinto both rose by more than 1.5 per cent, giving a solid push to the overall shar..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, July 17: CTX - CALTEX - down nine cents, or 0.4 per cent, at $22.53 Caltex Australia has signed a $200 million deal to supply diesel..

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Dow closes at new record

The Dow Jones Industrial Average has bolted to a new record as strong Intel earnings and a new IBM venture boosted the blue-chip index. The Dow jumped 77.52 points (0.45 per cent) to 17,138.20 on W..

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Big miners push Aussie shares higher

The big miners pushed the Australian share market higher after some record iron ore production reports, but the big banks all made losses. Offshore events over the last day were also key drivers. ..

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