Latest Finance News



CBA declares 5% stake in ERoad

The Commonwealth Bank of Australia has taken a substantial shareholding in ERoad, two months after the logistics and fleet management company floated on the NZX. Australia's largest bank holds a 5...

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, Oct 15: CTX - CALTEX - up 18 cents, or 0.6 per cent, at $28.24 Caltex Australia's 58-year-old Sydney oil refinery at Kurnell is now..

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US stocks end mostly higher

US stocks have finished mixed following a round of mostly solid corporate earnings as the market shifted from a three-day slump. The Dow Jones Industrial Average on Tuesday dipped 5.88 points (0.04..

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Aussie share market rises one per cent

The Australian share market has rebounded as a surge in iron ore prices boosted the miners and bargain hunters piled into other sectors. OptionsXpress market analyst Ben Le Brun said the local bour..

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Wotif takeover delayed

The $700 million foreign takeover of Wotif.com has been delayed by a New Zealand regulator. Wotif's shareholders last week approved the company's takeover by global travel booking giant Expedia, an..

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Caltex shuts Sydney refinery

Caltex Australia's 58-year-old Sydney oil refinery at Kurnell is now officially closed with the last of its operations shut down. The site is now being run by Caltex as a fuel import terminal. T..

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Miners lead share market rebound

Local shares are rebounding as a surge in iron ore prices boosts the big miners. Higher commodity prices were also boosting other sectors, and are likely to help break the share market's recent los..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange at close on Monday: JHX - JAMES HARDIE INDUSTRIES - down 16 cents, or 1.4 per cent, at $11.28 James Hardie has been dragged back into the New Zea..

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US stocks tumble again

US stocks have finished sharply lower again as worries about global growth weighed on the market a day ahead of major company earnings releases. The Dow Jones Industrial Average on Monday tumbled 2..

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Foreign ownership of Qantas nears cap

Foreign ownership of Qantas is close to its government-imposed limit, with nearly 48 per cent of the airline now held by overseas investors. Qantas has announced that 47.8 per cent of its shares ar..

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China trade surplus more than doubles

China's trade surplus more than doubled to $US31.0 billion ($A33.54 billion) in September, official data shows, with exports jumping and imports increasing more slowly. Exports from the world's sec..

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Aussie shares lower at noon

The Australian share market is lower despite a recovery in energy and materials stocks. The weakness comes after the local share market on Friday posted its biggest decline in 15 months. Austral..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - US stocks have fallen sharply, with the tech-rich Nasdaq Composite Index sinking more than two per cent following a gloomy outlook from a lea..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, Oct 13: BIT - BIOTRON - up five cents, or 50 per cent, at 15 cents Australian drug developer Biotron may have found a potential cure f..

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US stocks fall sharply

US stocks have fallen sharply, with the tech-rich Nasdaq Composite Index sinking more than two per cent following a gloomy outlook from a leading semiconductor company. At the closing bell on Frida..

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US stocks fall again in opening trade

US stocks have opened lower as the negative sentiment from Thursday's rout carried over amid fears of a global economic slowdown. Five minutes into trade on Friday, the Dow Jones Industrial Average..

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Shares plunge on global growth worries

Around $34 billion has been wiped from the share market in its largest daily fall in 15 months because of renewed concerns about global economic growth. The S&P/ASX 200 index fell two per cent,..

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Aust shares close two per cent lower

The Australian share market has closed two per cent lower, its biggest one-day fall in more than a year. At the close on Friday, the benchmark S&P/ASX200 index was 108.4 points, or 2.05 per cen..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, Oct 10: BOQ - BANK OF QUEENSLAND - up 32 cents, or 2.7 per cent, at $12.10 Bank of Queensland has posted a record profit, but expects ..

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