Latest Finance News



BofA reports $9.1bn loss in 2Q

Bank of America reported a loss of $US9.1 billion ($A8.61 billion) during the second quarter partly due to the $US8.5 billion ($A8.04 billion) settlement with investors who claimed the bank had sold t..

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India reveals massive uranium discovery

A new mine in south India could contain the largest reserves of uranium in the world, a government official says, signalling a major boost for the energy-hungry nation.The Tumalapalli mine in Andhra P..

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RBA drops rate rise pointer

Sometimes central banks can say more by saying less.And what the Reserve Bank of Australia (RBA) left out of the minutes of its July 5 monetary policy meeting was at least as telling as what was inclu..

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RBA in no hurry to raise interest rates

The central bank says time is on its side and it will wait for more economic data before moving on interest rates.With coal exports still to recover from the summer floods, employment growth easing an..

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Boral buys two quarries, concrete plant

Boral Ltd will buy two quarries and a concrete plant for $81.5 million on Queensland's Sunshine Coast as the brick maker aims to take advantage of the growing population in that part of the country.Th..

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Apple shares hit record high

Apple shares hit a record high on Wall Street on Monday ahead of what is expected to be another blockbuster quarterly earnings report by the California gadget-maker.Apple shares reached $US374.65 duri..

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OZ Minerals may favour copper over gold

Miner OZ Minerals says its guidance for gold production could change as its priority is for more profitable copper because of near-record prices for the commodity.OZ Minerals has maintained its produc..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday:BKI - BKI INVESTMENT COMPANY LTD - up 1.5 cents at $1.21BKI Investment Company says it expects higher dividends from its investments in next..

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International financial news

A roundup of news in finance, economics and business from around the world:INTERNATIONAL NEWSWASHINGTON - With just two weeks to avert debt default, US senators worked on a bipartisan compromise as th..

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Aussies reject luxury, pay to buy green

Australians have turned their backs on buying luxuries over the past two years, but are still more willing to pay a premium to buy green products and services than US and UK consumers.The global finan..

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Stockwatch Week to July 8

A round-up of some of the key stock movements on the Australian Stock Exchange (ASX) in the trading week to Friday, July 1, 2011:(Includes change in share price from previous Friday close)AAC - AUSTRA..

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