Latest Finance News



Saputo lifts its stake in Warrnambool

A day before its offer closes, Canadian dairy giant Saputo now has a near 48 per cent stake in takeover target Warrnambool Cheese and Butter Factory (WCB). In a statement to the market on Tuesday, ..

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Australian market set to open lower

The Australian market looks set to open lower after a mixed and lacklustre performance on international markets with Wall Street closed and China turning in disappointing growth data. At 0650 AEDT ..

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Australian shares close lower

The Australian share market closed lower but recovered from solid losses in the middle of the day to be only slightly down. The market moved modestly higher led by cyclical stocks such as miners on..

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Sydney Airport breaks records

Sydney Airport has recovered from a slower November to post a record high number of passengers passing through in December, helping it achieve its busiest ever year. The airport's figures, released..

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China 2013 GDP grows 7.7%: govt

China's economy grew 7.7 per cent last year, the government says, in line with expectations and the same as 2012, when it recorded its slowest expansion in 13 years. Growth for the October-December..

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AUD low on China concerns, US strength

The Australian dollar has hit fresh three-and-a-half-year lows amid concerns over China's shadow banking sector and growing strength in the US economy. At 0700 AEDT on Monday, the Australian dollar..

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ANZ’s satisfaction ratings rebounds

ANZ lifted its standing significantly among business customers in the second half of 2013, to leapfrog rivals NAB and ANZ in satisfaction ratings. The latest DBM Consultants Business Financial Serv..

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Dow gains helped by Amex earnings

American Express's solid earnings has helped push the Dow higher, but the broader market has fallen after a mixed batch of corporate earnings and economic reports. The Dow Jones Industrial Average ..

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Australian share market closes lower

The Australian stock market has closed lower, despite solid gains in the resources sector. Bell Direct equities analyst Julia Lee said materials stocks had again outperformed the wider market follo..

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Stockwatch Week to January 17

A roundup of some of the key stock movements on the Australian Stock Exchange (ASX) in the trading week to Friday, January 17, 2014: AIO - ASCIANO - up 10 cents, or 1.78 per cent, at $5.724 WHC ..

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Paladin shares up 8% on refinancing

Shares in Paladin Energy have risen eight per cent after the Africa-focused uranium miner announced it will save more than $67 million after refinancing its debt facility. Paladin said finance faci..

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Australian shares dip as Wall St slips

Australian shares are slightly weaker as disappointing US earnings results drag down the big banks, but the big miners power ahead. Miners were in positive territory with investors excited about po..

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Investors punish Super Retail

Shares in Super Retail Group have dropped 12 per cent after investors punished the company for a disappointing sales result. Super Retail Group on Friday announced a six per cent rise in sales duri..

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AUD hits new lows on weak jobs figures

The Australian dollar sunk to new three-and-a-half-year lows overnight on the back of weaker-than-expected employment data. At 0700 AEDT on Friday, the Australian dollar was trading at 88.15 US cen..

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Australian market set to open flat

The Australian market looks set to open flat after disappointing earnings from Citigroup and Best Buy's poor holiday sales pulled Wall Street back from its previous day's solid gains. At 0645 AE..

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US consumer prices jump in December

US consumer prices jumped 0.3 per cent in December after two basically flat months mainly due to higher energy prices, the Labor Department says. But stripping out the volatile energy and food pric..

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US stocks fall on weak company results

US stocks have finished mostly lower following disappointing results from a number of big companies, including Citigroup and Best Buy. The Dow Jones Industrial Average dropped 64.93 points (0.39 pe..

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Iluka shares lift 7% on improved sales

Iluka Resources shares have risen seven per cent after the company reported a sharp increase in quarterly sales revenue. Revenue lifted 28 per cent to $234.3 million in the three months to December..

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