Latest Finance News



International markets roundup

A roundup of trading on major world markets: NEW YORK - Wall Street stocks have pushed higher despite US air strikes in Iraq as investors ramped up buying in a market that some analysts said had be..

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Stocks surge as US strikes Iraq

Wall Street stocks have pushed higher despite US air strikes in Iraq as investors ramped up buying in a market that some analysts said had been oversold. The Dow Jones Industrial Average jumped 185..

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Shares suffer six day losing streak

The share market has fallen for a sixth consecutive day - equalling its longest run of losses in four years - as the prospect of US air strikes in Iraq caused added concern. US president Barack Oba..

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Aussie shares close lower

The Australian share market has closed lower, falling more than one per cent as Russia announces trade sanctions and the US considers airstrikes on Iraq. At the close on Friday, the benchmark S&..

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Home loans hit a soft patch

Commitments for new home finance have been lacklustre in recent months, but they are expected to strengthen later in the year. The number of home loans approved in June rose 0.2 per cent, following..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange at close on Thursday: ALZ - AUSTRALAND - up four cents, or 0.9 per cent, at $4.48 Singapore's Frasers Centrepoint is struggling to get shareholde..

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Australian market ends the day flat

The Australian stock market has closed virtually flat, shrugging off a 12-year high in the unemployment rate. The nation's jobless rate was expected to remain steady at six per cent, but it jumped ..

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Australian market lower at noon

The Australian market is lower at noon despite reacting calmly to worse than expected unemployment figures. Economists had expected the nation's jobless rate to remain steady at six per cent but it..

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$A falls on weak jobs figures

The Australian dollar fell by almost half a US cent after the release of worse than expected jobs figures. Australia's unemployment rate rose to 6.4 per cent in July, and the number of people with ..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, Aug 7: AAD - ARDENT LEISURE - in a trading halt at $2.51 Theme park and Goodlife gym owner Ardent Leisure is more than doubling its ..

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Fourth day of falls for Aussie shares

The share market has fallen for a fourth straight session as investors weigh up a possible escalation of conflict in Ukraine and potential interest rates hikes in the US. Reports that Russia is mas..

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Aussie shares fall amid Ukraine fears

The Australian share market has opened lower following negative leads from Wall Street and fears the conflict in Ukraine is set to worsen. US stocks fell sharply overnight with investors also selli..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, Aug 6: COH - COCHLEAR - up $6.46, or 10.3 per cent, at $69.00 Shares in hearing implants maker Cochlear have climbed almost seven p..

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Market falls for third straight day

The share market has fallen for a third consecutive trading day despite the US and Europe providing positive leads. The falls have come after the market last week climbed above 5,600 points - its h..

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RBA Rates Decision – Full Text

Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy is continuin..

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Trade figures cast doubt on growth

Figures on Tuesday cast doubt on hopes that foreign trade is driving economic growth. The data from the Australian Bureau of Statistics showed the trade deficit narrowed in June, after seasonal adj..

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Shares lower as earnings season looms

The share market has fallen as investors remain cautious ahead of the release of corporate earnings reports. The falls come despite a positive session on Wall Street, with the local resource and ba..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, Aug 5: AGO - ATLAS IRON - up six cents, or 9.2 per cent, at 71 cents Atlas Iron boss Ken Brinsden has hosed down takeover speculation..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - US stocks have recovered some ground lost last week when the S&P 500 notched its biggest weekly decline since mid-2012 and all three majo..

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Global concerns weigh on shares

The share market closed weaker but performed better than expected after heavy opening losses. The market closed 0.28 per cent weaker after opening with losses of nearly half a per cent. A rocky ..

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