Latest Finance News



Steady jobs figures no boost for shares

Lower commodity prices and falls on overseas markets are causing the share market to lose ground, as investors see little reason to invest.Slightly better than expected jobs data also had little impac..

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Qantas pays off debt early

Qantas has paid off $450 million in debt eight months early, leaving less debt to be repaid in the coming year.The airline used the proceeds of a recent seven year loan from investors, in the form of ..

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Joblessness steady as workforce shrinks

Australia's jobless rate has remained steady, with the number of people dropping out of the labour market offsetting a fall in how many people are employed.Unemployment remained unchanged at 5.8 per c..

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Shares follow Wall St lower

The share market has opened lower after Wall Street's recent rally came to an end.At 1015 AEST on Thursday, the benchmark S&P/ASX200 index was down 25.9 points, or 0.47 per cent, at 5,428.1, while the..

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Australian market set to open lower

The Australian share market is set to fall after heavy losses on Wall Street, partly caused by the World Bank's downgrading of its global growth forecast.At 0700 AEST on Thursday, the March share pric..

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Jobless rate steady for third month

Australia's jobless rate is steady, but only because people are dropping out of the race for a job.Unemployment remained unchanged at 5.8 per cent in May, beating economists' expectations of a rise to..

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$A hits 4 week high after better data

The Australian dollar hit a four-week high against the US dollar, helped by positive business confidence data and a recent run of good Chinese economic figures. At 0700 AEST on Wednesday, the local..

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Australian market set for flat open

The Australian share market is set for a flat start to trade after a quiet session on Wall Street, due to a lack of major economic or company news. At 0700 AEST on Wednesday, the March share price ..

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Wall Street highs lift Aussie market

The share market is higher thanks to investors being inspired by fresh peaks reached on Wall Street. Strong jobs data pushed US markets higher on Friday, giving some impetus to Australian stocks wh..

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Pac Brands earnings hit by low sales

Troubled clothing maker Pacific Brands has cut its annual earnings forecasts as warm weather and weak consumer confidence hits sales. The company behind Bonds, Sheridan, Berlei and Hard Yakka now e..

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US stocks open a shade lower

US stocks have opened slightly lower, retreating from record highs following a weak earnings report from Radio Shack and Botox maker Allergan's rebuff of a takeover bid by Valeant Pharmaceuticals.Five..

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Aussie share market closes higher

The Australian share market has closed higher in the wake of the European Central Bank's economic stimulus measures and ahead of jobs figures to be released in the United States overnight. Also, Ch..

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Big four banks lift Aussie market

The Australian share market is higher as the big four banks make a comeback. Bank stocks have been down in the past three days and were due to start climbing again, Commsec market analyst Steven Da..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, June 6:ERA - ENERGY RESOURCES AUSTRALIA - down 2.5 cents, or 1.89 per cent, at $1.295The operator of a massive uranium mine in Kakadu Nation..

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Aust share market lower ahead of ECB

The Australian share market has closed slightly lower as investors await the outcome of a European Central Bank (ECB) monthly policy meeting overnight. OptionsXpress market analyst Ben Le Brun said..

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House sales strongest in five years

Home sales got off to a flying start in 2014, posting their strongest rise in five years.RP Data shows 82,051 houses and 30,417 units were sold in the first three months of the year.The number of home..

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Aussie shares fall on poor sentiment

The Australian share market is lower, with consumer and bank stocks taking the biggest hits. Wednesday's strong gross domestic product number has failed to improve investors' confidence in the Aust..

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