Latest Finance News



Dow, S&P 500 close at record highs

The Dow and S&P 500 has closed at new record highs for the second day in a row as US investors look ahead to Friday's jobs report. The Dow Jones Industrial Average rose 69.94 points (0.40 per c..

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Market closes lower

The Australian share market has closed lower after weaker than expected unemployment figures wiped out earlier gains. Official data shows the unemployment rate held steady at 6.2 per cent in Octobe..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, Nov 6: BHP - BHP BILLITON - down 19 cents, or 0.56 per cent, at $33.82 BHP Billiton has signed a deal to export oil products out of ..

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Economists skeptical on jobs data

Australia's jobless rate hit a near 12-year high in October, but economists remain skeptical of the figures. The Australian Bureau of Statistics is still ironing out the issues with its labour forc..

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Aussie shares close lower

The Australian share market has closed slightly lower despite a strong quarterly profit result by market heavyweight the Commonwealth Bank. At the close on Wednesday, the benchmark S&P/ASX200 i..

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Ten silent on takeover talk

Fresh takeover speculation is swirling around the troubled Ten Network, with pay TV operator Foxtel and US cable giant Discovery believed to be considering a joint bid.Discovery and Foxtel, which is h..

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Aussie shares have fallen

Australian shares have fallen with the largest companies on the bourse, including banks and miners, weighing on the market. Commodity price slumps overnight, including four-year lows for oil prices..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, Nov 5: HVN - HARVEY NORMAN - up two cents, or 0.5 per cent, at $3.74 JBH - JB HI-FI - up 12 cents, or 0.8 per cent, at $15.41 MY..

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CBA lifts quarterly profit to $2.3b

Commonwealth Bank has delivered a surprisingly strong $2.3 billion quarterly profit, putting paid to suggestions its best days are over.The result sets Australia's biggest lender up for a record $9.2 ..

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Sprint, Priceline push US stocks lower

Shares of Sprint and Priceline have tumbled following disappointing earnings to help push the broad US equity market down.Buyers sent the blue chips of the Dow Jones Industrial Average up 17.60 points..

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Aussie shares close slightly higher

The share market has closed slightly higher as poor trade figures and an upward revision to recent unemployment figures muted the response to strong growth in retail spending.Trading volumes were ligh..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, Nov 4: BXB - BRAMBLES - up seven cents, or 0.7 per cent, at $9.60 Large logistics company Brambles has lifted its full year profit fo..

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Pace of US factory activity picks up

US factories were busier in October, a sign that manufacturing is on sound footing despite growing concerns about the global economy. Orders, productivity and hiring all grew faster than they did i..

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Aussies spend big ahead of Christmas

Rising house prices and the latest iPhone have tempted Australians out of spending hibernation, giving retailers a healthy kickstart in the lead up to Christmas.The release of Apple's iPhone 6 is thou..

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US stocks finish flat on mixed data

US stocks have finished little changed following mixed economic data as markets paused after last week's records. The Dow Jones Industrial Average fell 24.28 points (0.14 per cent) on Monday to 17,..

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Shares hit by weak Chinese data

The share market has closed weaker as softer commodity prices hit the big miners and Woolworths delivered disappointing sales growth. The preliminary weekend release of the worst Chinese manufactur..

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Aussie shares close lower

The Australian share market has closed lower despite indications of a pick-up in Chinese manufacturing and a record profit by Westpac Bank. At the close on Monday, the benchmark S&P/ASX200 inde..

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Big banks make record profit

Australia's big four banks have made a record total profit of $28.6 billion as property prices continued to surge. The combined cash earnings of the Commonwealth Bank, Westpac, ANZ and NAB were up ..

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Shares weaker as mining stocks fall

The share market is weaker as disappointing Chinese manufacturing news weighs down resources stocks and Westpac's full year profit rise leaves investors underwhelmed. A drop in China's Purchasing M..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, Nov 3: ANZ - ANZ BANKING GROUP - up 24 cents, or 0.7 per cent, at $33.50 ANZ lifted its full year cash profit by 10 per cent to $7.1 b..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - US equities have powered to fresh records after the Bank of Japan's surprise stimulus ignited a rally on global stock exchanges. The Dow J..

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