Latest Finance News



Santos’ Peluang gas begins to flow

Santos says natural gas production at its Peluang gas project in Indonesia has begun ahead of schedule and on budget. Peluang, located offshore in East Java, is expected to hit a gross peak product..

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Leighton wins work in Qatar

Leighton's Middle East subsidiary will be involved in the construction of a $US1.7 billion ($A1.87 billion) highway project in Qatar. Habtoor Leighton Group (HLG), which is 45 per cent owned by Lei..

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Iluka faces potential class action

Miner Iluka Resources has denied any wrongdoing after it became the latest Australian company set to face a class action from disgruntled shareholders. A 24 per cent fall in Iluka's share price on ..

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Aust operations boost Kathmandu

Kathmandu's Australian operations are giving with one hand and taking with the other: sales are growing strongly, but a fall in the dollar is reining in the outdoor goods retailer's profit gains. N..

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Australian shares close higher

The share market has closed higher. At the close on Friday, the benchmark S&P/ASX200 index was up 44.1 points, or 0.83 per cent, at 5,338.1, while the broader All Ordinaries index rose 41.3 poi..

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iiNet boss Malone resigns

Michael Malone has resigned as chief executive of iiNet, more than 20 years after co-founding the internet services provider. Mr Malone, who co-founded the company in a garage in Perth in 1993, ann..

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Metcash spends big to boost growth

Metcash boss Ian Morrice says the grocery wholesaler can still reach the $15 billion sales target set by his predecessor, after unveiling a major spending program to address declining revenues. The..

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Banks’ lending costs have fallen

The Reserve Bank of Australia says lending costs for banks fell slightly more than the cash rate in 2013, which is good news for borrowers. "The cost of deposits fell, while the cost of outstanding..

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More travellers using Sydney Airport

The number of passengers using Sydney Airport has continued to grow, thanks to Chinese New Year celebrations and more locals travelling abroad. Passenger numbers in February were up 2.5 per cent fr..

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Australian stocks edge higher

The share market has edged higher as investors wait to see how quickly the United States will continue to wind back its economic stimulus measures. Investors are looking past developments in Ukrain..

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Customers return as $A falls, says DJs

David Jones says a lower Australian dollar has helped it to pinch customers back from international online rivals. Earnings from the company's department store business grew by more than eight per ..

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US stocks rise despite Ukraine worries

US stocks have barrelled higher despite Russia's move to absorb Crimea following a controversial weekend vote by the region to secede from Ukraine. The Dow Jones Industrial Average jumped 88.97 (0...

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