Latest Finance News



Medibank will come out swinging: nib

Health insurer nib expects rival Medibank Private to become a much tougher competitor following its public float. Chief executive of nib Mark Fitzgibbon said Medibank's performance had lagged behin..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, Oct 29: AHF - AUSTRALIAN DAIRY FARMS GROUP - up two cents, or 10 per cent, at 22 cents The first milk producer to list on the Austr..

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Shares close slightly lower

The share market improved from a poor start but still closed marginally lower, due to weakness in sectors exposed to commodities. Lonsec senior client adviser Michael Heffernan said some investors ..

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Aussie shares close lower

The Australian share market has closed lower, weighed down by falls in BHP Billiton shares and despite an afternoon pick-up. At the close on Tuesday, the benchmark S&P/ASX200 index was 6.4 poin..

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Challenger flags healthy life annuities

Investment manager Challenger says its business may benefit from the share market's current volatility. A large part of the company's business is annuities - which provide fixed income for retirees..

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Consumer confidence hits 12-week high

Australians are becoming more upbeat about the economy as worries about the federal budget fade and the sharemarket rallies. The ANZ/Roy Morgan consumer confidence index rose 2.7 per cent last week..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, Oct 28: AMM - AMCOM - up 23 cents, or 12.4 per cent, at $2.09 VOC - VOCUS COMMUNICATIONS - up 13 cents, or 2.45 per cent, at $5.44 ..

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US stocks inch higher as Amazon slumps

US stocks have edged up in opening trade as strong earnings from UPS and others offset disappointing results from Amazon. Five minutes into trade, the Dow Jones Industrial Average stood at 16,687.4..

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Shares lower amid global growth worries

The Australian share market has finished slightly lower as global growth worries kept buyers at bay after a seven day winning streak. Disappointing US inflation figures contributed to a weaker fini..

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Banks work to change the way we pay

The Reserve Bank says it's working with the banking industry to innovate the way Australians pay for things as old-fashioned cheques fall by the wayside. RBA governor Glenn Stevens says the New Pay..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange at close on Wednesday: BHP - BHP BILLITON - up 52 cents, or 1.54 per cent, at $34.27 Mining giant BHP Billiton has lifted production nine per cen..

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US stocks drop after days of big gains

US stocks have dropped following mixed earnings, with the broad market retreating from three straight sessions of big gains. The Dow Jones Industrial Average fell 153.49 points (0.92 per cent) to 1..

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Aussie shares close higher

The Australian share market has closed more than one per cent higher, its seventh straight session in positive territory. At the close on Wednesday, the benchmark S&P/ASX200 index was 60.9 poin..

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House price growth softens

A slowdown in house price growth has put pay to talk of an overheated market and could open the way for a further fall in interest rates, a survey suggests. House prices rose 1.2 per cent in the Se..

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US existing-home sales bounce back

US existing-home sales rebounded in September from a dip in August to their highest pace of the year, the National Association of Realtors says. Sales of used single-family homes increased 2.4 per ..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, Oct 22: CAB - CABCHARGE - up five cents, or 1.1 per cent, at $4.70 US fleet card giant Fleetcor has been rebuffed by Cabcharge Aust..

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US stocks jump on Apple earnings

US stocks have barrelled higher, propelled by talk of broader monetary stimulus in Europe and a strong Apple earnings report that helped lift the Nasdaq by more than 100 points. The Dow Jones Indus..

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