Latest Finance News



ING half-year profit up 22%

ING DIRECT Australia's first half profit rose by 22 per cent despite increased competition and a slowdown in credit growth.The online banker said net profit was $161.9 million for the six months to Ju..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange today (September 1)BHP - BHP BILLITON LTD - up 39 cents at $39.74A cashed-up BHP Billiton will spend $US367 million ($A344.31 million) expanding up its..

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CSR cuts NSW, Vic manufacturing jobs

Building products maker CSR will close manufacturing lines in Victoria and NSW and lay off 110 workers as it restructures its glass business to cope with challenging business conditions.CSR says the d..

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Aussie stocks end stronger

The Australian share market closed slightly higher, with late gains in financial and mining stocks helping the bourse out of earlier negative territory.At 1615 AEST on Wednesday, the benchmark S&P/ASX..

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House prices slump again

Capital city home prices have fallen for a seventh consecutive month as cautious consumers pull back from major purchases amid poor business conditions outside the resource sector.And, in a further si..

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Gold, oil, copper prices rally

A summary of trading in key commodities markets overseas:ENERGYOil prices rallied on Tuesday in volatile, low-volume trade, with sentiment supported by the weaker dollar even as weak new consumer data..

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Wednesday stock watch

STOCKS TO WATCH ON THE AUSTRALIAN STOCK EXCHANGE ON WEDNESDAY, AUGUST 31ASL - AUSDRILL LTD - up five cents at $3.36Mining services firm Ausdrill is targeting about $1 billion in revenue this financial..

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Former Centro bosses fined, banned

A former chief executive of Centro Properties Group has been fined and its former chief financial officer banned from management for two years for breaches of corporate law.In Melbourne on Wednesday, ..

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Aussie stocks lose gains

Australian stocks pared back earlier gains to close marginally stronger as investors awaited firmer direction from economic events offshore.The benchmark S&P/ASX200 index was up 5.9 points, or 0.1..

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Resolute returns to profit

Resolute Mining says it swung back to profitability in 2010/11 and expects gold production to rise in the current year. The gold mining and exploration company reported net profit of $61.39 million..

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