Latest Finance News



US stocks surge on jobs report

US stocks have racked up solid gains after a good US jobs report for June. At the closing bell on Friday, the Dow Jones Industrial Average jumped 147.29 (0.98 per cent) to 15,135.84. The broad-b..

Full Article >

US stocks surge higher on jobs report

US stocks have ended solidly higher after a US jobs report beat expectations. At the closing bell on Friday, the Dow Jones Industrial Average jumped 146.68 (0.98 per cent) to 15,135.23. The broa..

Full Article >

Stocks to watch at close on Friday

Stocks to watch on the Australian stock exchange at close on Friday: CWN - CROWN - up 39 cents, or 3.2 per cent, at $12.60 EGP - ECHO ENTERTAINMENT - down 15 cents, or 5.2 per cent, at $2.76 ..

Full Article >

ACCC takes Scoopon to court

The consumer watchdog is taking major online coupon business Scoopon to court accusing it of misleading and deceptive conduct. The move is the first in a targeted campaign by the Australian Competi..

Full Article >

Tokyo shares close up 2.08%

Tokyo stocks have jumped 2.08 per cent following a rally on European markets after the eurozone and British central banks signalled their easy-money policies will remain in place. The benchmark Nik..

Full Article >

Whitehaven to build Maules Creek mine

Whitehaven Coal hopes to deliver first sales from its Maules Creek mine next year after receiving final approval to build the $767 million project in north west NSW. Whitehaven received the final r..

Full Article >

Australian shares higher at noon

The Australian sharemarket is higher at noon as investor confidence was boosted by intentions to stimulate economic growth in Europe. European shares rallied and the euro plummeted against the US d..

Full Article >

Echo shares plunge on failed casino bid

Shares in Echo Entertainment have plunged to an all-time low after the casino operator lost out to James Packer's Crown on plans for billion dollar luxury projects in Sydney.Crown shares, on the other..

Full Article >

Building sector posting solid gains

A recovery in the home building sector seems to be taking hold with approvals for fully-detached houses gaining for the fifth month in a row, up 2.5 per cent in May. HSBC Australia and New Zealand ..

Full Article >

Woolies gets green light for new store

Woolworths has got the competition watchdog's go-ahead to buy an IGA supermarket in the Canberra suburb of Hawker. The purchase would not result in a substantial weakening of competition among supe..

Full Article >

Joke from RBA boss falls flat

If Reserve Bank boss Glenn Stevens was trying to make a joke, it wasn't very funny.The Australian dollar fell to a three-year low after Mr Stevens told a business function on Wednesday that the RBA ha..

Full Article >

US stocks end higher in light trade

US stocks have closed higher in shortened pre-July 4th holiday trade helped by fresh jobs data, while turmoil in Egypt and Portugal had no significant impact on the markets.The Dow Jones Industrial Av..

Full Article >

Aurizon signs Pilbara deal

Rail operator Aurizon will develop and provide infrastructure to two Pilbara iron ore projects under a deal with Brockman Mining.Brockman on Wednesday said it had appointed Aurizon to supply infrastru..

Full Article >

Flight Centre expects record profit

Travel agency Flight Centre expects to post a record before-tax annual profit due to strong returns from its Australian and UK businesses.The company says its unaudited trading results for the 2012/13..

Full Article >

US stocks end lower on Egypt, EU fears

US stocks have reversed early gains and ended lower on revived concerns about the eurozone and the political crisis in Egypt. The Dow Jones Industrial Average on Tuesday dropped 42.55 (0.28 per cen..

Full Article >

Best day on share market since 2011

The share market has posted its strongest day in 20 months as the global economic outlook improves and interest rates remained on hold. Shares gained about $39 billion in value on Tuesday, in the l..

Full Article >