Latest Finance News



Power plant’s waste to become fuel

Greenhouse gas emissions from one of Australia's largest coal fired power stations will be used to produce biofuels as its owner attempts to reduce its carbon bill. Biofuel company Algae.Tec has si..

Full Article >

BHP says productivity not costing jobs

Mining giant BHP Billiton says its new remote operations centre and trial of driverless trucks will boost productivity without sacrificing jobs.The centre in Perth provides a real-time view of the com..

Full Article >

Rates unchanged as dollar falls

The Reserve Bank of Australia has kept the cash rate unchanged as the falling Australian dollar does the central bank's work.In a statement accompanying the decision to keep the rate at a record low o..

Full Article >

Online sales growth slows in May

Online retail spending grew at a slower rate in May, after getting a boost the previous month from Mother's Day. National Australia Bank's (NAB) latest online retail sales index showed online spend..

Full Article >

US stocks rise on solid economic data

US stocks have spent the day in positive territory on generally strong manufacturing data, although leading indices closed well below their intraday highs. The Dow Jones Industrial Average on Monda..

Full Article >

Commodity prices fell in June: RBA

Australia's export commodity prices fell in June, the third monthly fall in a row, following a run of three rises. The Reserve Bank of Australia's index of commodity prices fell by 4.1 per cent in ..

Full Article >

Tokyo stocks close up 1.28%

Tokyo stocks rose 1.28 per cent Monday on late bargain-hunting following a weaker yen and a big jump in the Bank of Japan's quarterly business confidence survey. The benchmark Nikkei 225 index clos..

Full Article >

Mirvac agrees deal for Sydney site

Property developer and investment manager Mirvac Group is selling half its stake in the land and development of 200 George St, Sydney, to AMP Capital Wholesale Office Fund (AWOF).Mirvac, in a statemen..

Full Article >

Boart shares plunge on bad news

Embattled drilling company Boart Longyear's shares have plunged to four-year lows after it issued a second profit downgrade in two months.The share price has more than halved in the last three months ..

Full Article >

Manufacturing sector improves in June

Manufacturing activity unexpectedly improved in June, helped by a falling currency and cash rate. The Australian Industry Group's Performance of Manufacturing Index (PMI) was 49.6 in June, up 5.8 p..

Full Article >