Latest Finance News



Seek defies rising unemployment

Jobs website Seek has made a record profit but its chief executive warns its business will go backwards unless the economy improves. A weakening job market is bad news for the company, as the numbe..

Full Article >

Super Retail Group profits up

Super Retail Group has grown its full year profit by 23 per cent as discerning shoppers tweak their budgets so they can afford to keep up their hobbies. The auto, sports and leisure retailer lifted..

Full Article >

NBN speeds up iiNet profit, growth

Australia's second-largest internet provider iiNet is proving there's nothing wrong with being number two, after posting a 64 per cent rise in profit.The company made a net profit of $60.9 million in ..

Full Article >

Iluka learns but profit well down

Iluka Resources' chief says he has learnt from the violent swings in the mineral sands market and does not want a repeat of them or the $31.1 million in restructuring costs incurred this year.A year a..

Full Article >

US stocks fall ahead of Fed minutes

US stocks have opened lower after a series of mixed retail earnings reports ahead of the afternoon release of minutes from the last Federal Reserve monetary policy meeting.Five minutes into trade on T..

Full Article >

Tassal fishes for further profit

Australians are eating more salmon, which means another year of booming sales for Tasmanian fish producer Tassal. The company made a net profit of $33.4 million in the year to June 30, a 19.1 per c..

Full Article >

BHP profit falls 30% $US11b

BHP Billiton has committed $US2.6 billion to its Canadian potash project in a surprise move, as the mining giant suffered a heavy fall in annual profit. BHP's net profit plunged by 30 per cent in t..

Full Article >

Shares rebound after RBA minutes

Australian shares have lifted following the release of the Reserve Bank of Australia's minutes, but the market remains in negative territory. The S&P/ASX200 was around 0.5 per cent lower in ear..

Full Article >

RBA not cutting cash rate for a while

Borrowers may have to wait until at least Melbourne Cup day for the next interest rate cut from the Reserve Bank of Australia.The central bank has made it abundantly clear that it won't cut the cash r..

Full Article >

US stocks drop again in light volume

US stocks have closed lower, continuing their trend downward on mediocre economic news and higher bond yields. The Dow Jones Industrial Average dropped 70.73 (0.47 per cent) to 15,010.74 on Monday...

Full Article >

Australian shares finish flat

Australian stocks finished flat as some of Australia's biggest companies went ex-dividend ahead of the release of major profit reports this week. CommSec analyst Steve Daghlian said investors had b..

Full Article >

Aluminium giant Rusal posts net loss

Rusal, the world's largest aluminium producer, has reported a net loss of $US439 million ($A480.28 million) for the first half of 2013, citing falling prices, an excess global supply and economic unce..

Full Article >

Aurizon flags more job cuts by 2015

Australia's largest freight rail operator Aurizon has flagged more job cuts as it deals with a growth slowdown in China. The company, formerly known as QR National, made a net profit of $447 millio..

Full Article >