Latest Finance News



BHP posts record output for year

BHP Billiton's shareholders could be in for a cash bonanza after it posted record production in a year in which it slashed billions of dollars in spending. Commodity prices have fallen but are stil..

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Investors welcome Billabong deal

Investors have cheered a refinancing deal that will keep troubled retailer Billabong solvent, but the company faces a long road back to profitability. Billabong has reached a $US294 million ($A325 ..

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ALS to purchase gas services company

Analytical testing services group ALS will spend more than $500 million to increase its exposure to the growing oil and gas industries. ALS, previously known as Campbell Brothers, will pay SCF Part..

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SIMS sells US Aerospace division

The world's largest recycler, SIMS Metal Management, has sold its US-based aerospace business, for a loss. SIMS on Tuesday announced it had sold its interest in Metal Management Aerospace, based in..

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Banks lead share market higher

Encouraging signs for the housing sector have driven a rise in banking shares, which pushed the market to a fifth straight day of gains. The release of China's latest economic growth figure of 7.5 ..

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RHG accepts latest Resimac bid

Mortgage business RHG, formerly RAMS Home loans, has accepted a sweetened takeover bid by lender Resimac, trumping a rival bid. On Monday, RHG directors announced they had agreed to accept the late..

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China growth slows to 7.5% in Q2

China's gross domestic product expanded 7.5 per cent in the April-June quarter, a second consecutive slowdown in growth as worries mount over the health of the world's second-biggest economy. The G..

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AGL to buy rival power play

Australia's second largest energy retailer AGL Energy is set to remove a rival in Australian Power & Gas (APG) by buying it for $103 million. The offer is a friendly one, with APG recommending ..

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Australian market set to open higher

The Australian market looks set to open in positive territory after Wall Street edged up to new highs following strong banking earnings that offset a profit warning from UPS and fresh trouble for Boei..

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Mining stocks send market higher

Strength in the resources sector has pushed Australian shares higher, although the market lost some ground after China's finance minister lowered expectations for the country's economic growth. The..

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ANZ leaves interest rates unchanged

ANZ's interest rates will be left unchanged for the next month. The bank decided to leave its standard variable mortgage rate at 6.13 per cent at its July rate review meeting, after the Reserve Ban..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, July 12: ARI - ARRIUM - up 4.5 cents, or 5.5 per cent, at 87 cents The plunging value of the Australian dollar is great news for Arriu..

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Dow, S&P 500 at new highs

The Dow Jones Industrial Average and S&P 500 have vaulted to new records, after Federal Reserve chairman Ben Bernanke pledged to maintain the Fed's easy-money policy for the foreseeable future. ..

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Australian shares close higher

Australian stocks shot up by 1.3 per cent, with investors cheering comments out of the US that money would continue to be pumped into the world's largest economy. Shares in Australia soared on US F..

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Fewer jobs as Aust economy slows down

Australia's unemployment rate has risen to its highest point in almost four years and economists predict conditions will get worse for jobseekers. The unemployment rate rose to 5.7 per cent in June..

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