Latest Finance News



Job ads fall, but at slower rate

Job advertisements on the internet and in newspapers have fallen again, but the rate of decline is slowing. The total number of job ads fell by 0.3 per cent in January, seasonally adjusted, followi..

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Home prices continue to rise

Home prices have continued to climb in January with Melbourne leading the charge. Capital city home values rose 1.2 per cent last month and 9.8 per cent in the year to January, according to the RP ..

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Australian shares open lower

The share market has started the week with losses following falls out of the US and expectations there will not be any rate cuts in Australia soon. IG market strategist Stan Shamu said the fact tha..

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Inflation was benign in January

Surprisingly high inflation in December has been unwound by falling prices for clothing and travel in 2014. The TD Securities Melbourne Institute monthly Inflation Gauge increased by 0.1 per cent i..

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Manufacturing contracts despite low AUD

Low interest rates and a falling Australian dollar are failing to drive expansion in manufacturing activity, which has contracted for three months in a row. The Australian Industry Group's Performa..

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JB HiFi betting on home appliances

JB Hi-Fi has produced another strong profit and is spruiking its future growth potential as it expands into the home appliances market. JB Hi-Fi on Monday announced a 10 per cent increase in profit..

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US stocks tumble on earnings letdowns

US stocks have fallen sharply on continued unease over emerging markets and a number of high-profile earnings disappointments. At the closing bell on Friday, the Dow Jones Industrial Average sank 1..

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Australian share market edges higher

The share market recovered early losses to edge slightly into positive territory as investors searched for stronger direction. IG market strategist Stan Shamu said economic data out of the United S..

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Cash rate expected to stay on hold

The cash rate is expected to stay on hold as the Reserve Bank gauges the effects of previous cuts and the falling Australian dollar. The RBA is likely to keep the cash rate at 2.5 per cent when it ..

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Credit data adds to no rate change case

The value of loans outstanding to the private sector was up 0.5 per cent in December, the biggest monthly rise since March 2012. Annual growth in credit advanced by banks and other lenders was 3.9 ..

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Australian shares flat as China slows

Australian shares are flat as concerns about Chinese manufacturing and emerging markets continue to weaken mining and banking stocks. Resource giants BHP Billiton and Rio Tinto are lower after HSBC..

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Miner Arafura finds $400m in savings

Rare earths miner Arafura Resources has found more than $400 million in savings by reducing planned capital expenditure at a Northern Territory project. The company, which is a quarter owned by a C..

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Aussie stocks open flat

The Australian share market has opened flat despite solid gains on Wall St overnight, while David Jones has jumped over news it received and rejected a bid from Myer last year. Earnings in the US h..

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David Jones still a takeover target

David Jones remains a potentially lucrative takeover target even after the iconic retailer rejected a $3 billion merger proposal from rival Myer. Myer approached David Jones with a merger offer in ..

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US stocks jump on GDP, Facebook results

US stocks have bolted higher on the strength of a solid report on US economic growth and banner results from Facebook that raised hopes about other technology giants. At the closing bell on Thursda..

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Australian share market closes lower

The share market has fallen as markets around the region reacted negatively to a further reduction in US economic stimulus measures, concerns over stability in emerging markets, and figures confirming..

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Rain slows Fortescue production

Bad weather has forced Fortescue Metals Group to lower its full-year production forecast but the company remains upbeat about demand for its iron ore from China. Fortescue on Thursday said it expec..

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New home sales at a five year high

New home sales have increased for the first time since the global financial crisis hit in 2008. Sales rose 14.4 per cent in 2013, the first year of growth in five years, according to the Housing In..

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BlueScope allowed to buy competitor

BlueScope Steel has received approval to buy one of its competitors in the building products market. The Australian Competition and Consumer Commission (ACCC) has decided not to oppose BlueScope's ..

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