Latest Finance News



Australian shares open weaker

The Australian share market has opened weaker, with falls in banking stocks outweighing gains from miners. At 1015 AEDT on Wednesday, the benchmark S&P/ASX200 index was down 3.1 points, or 0.06..

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BHP denies bribery claims

BHP Billiton has denied any wrongdoing after the Australian Federal Police (AFP) and US authorities launched an investigation into bribery allegations surrounding the company's sponsorship of the Beij..

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Dow manages sixth record high

US stocks closed mostly lower on Tuesday in quiet trade, but the Dow squeezed out a sixth straight day of record-high closings. The Dow Jones Industrial Average edged up 2.77 points (0.02 per cent)..

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Australian market set to open higher

The Australian market is set to open higher as Wall Street posted a small rise and on better news from Spain, where borrowing costs eased. At 0712 AEDT on Tuesday, the March share price index futur..

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Stocks to watch at close on Tuesday

Stocks to watch on the Australian stock exchange at close on Tuesday: BHP - BHP BILLITON LTD - down 15 cents at $35.67 Standard & Poor's says BHP's weaker than expected cash flow generation ..

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Australian shares close weaker

The Australian share market finished lower due to falls in the resources sector. Options Xpress market analyst Ben Le Brun said Australian shares largely followed the Shanghai composite index lower..

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Ten blasts key planks in media reforms

Ten Network has slammed key parts of the federal government's planned media industry reforms.Ten boss Hamish McLennan has criticised the government's push to introduce a public interest test for major..

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Retail Food Group chairman to retire

The chairman of food franchise operator Retail Food Group, Bruce Hancox, will retire from the board at the end of April. Queensland businessman Colin Archer, who has served on the board as an indep..

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Pharmaxis appoints new chief executive

Biotechnology firm Pharmaxis has appointed Gary Phillips as chief executive to replace Dr Alan Robertson who is stepping down. Mr Phillips has been Pharmaxis' chief operating officer for the past f..

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Whitehaven wins mine approval again

Whitehaven Coal is not making any money due to poor coal prices but has won approval to expand or build a new mine for the second time in four weeks.Whitehaven, in which former billionaire Nathan Tink..

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Australian market set to open higher

The Australian market is set to open modestly higher on Tuesday, as Wall Street rose to another record high. At 0659 AEDT on Tuesday, the March share price index futures contract was up five points..

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CSR cuts 150 jobs in Sydney

CSR is preparing to cut up to 150 jobs and bracing for a big drop in profits as it battles a weak construction industry and high Australian dollar. The affected staff are from CSR's glass-making bu..

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Tinkler case back in court

A judge will this week hear why troubled businessman Nathan Tinkler's lawyers think he should not have to answer questions from the liquidators of his Mulsanne Resources in court. The former billio..

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RBA falls prey to cyber hackers in 2011

The Reserve Bank of Australia's computer systems have been hacked in at least two highly sophisticated online raids.The central bank says it was the victim of a "highly targeted" email attack in Novem..

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Australian shares open higher

The Australian share market has opened slightly higher, with gains by bank and industrial stocks outweighing losses among the miners. At 1017 AEDT on Monday, the benchmark S&P/ASX200 index was ..

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Thiess wins more Gorgon work

Leighton subsidiary Thiess has won a new contract, worth $212 million, for work on Chevron's $52 billion Gorgon project in Western Australia. Thiess will deliver "miscellaneous civil works" at the ..

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CSR cuts 150 jobs and lowers guidance

Building products company CSR shares are down more than four per cent as it prepares to cut about 150 staff and lowers profit guidance.The jobs will go as CSR closes a glass manufacturing facility in ..

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Dow sets fresh high on solid jobs data

The Dow Jones Industrial Average set a fresh record for the fourth straight session on Friday helped by solid jobs data that was nonetheless seen unlikely to move the Fed to tighten monetary policy. ..

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