Latest Finance News



Market rises on positive Chinese data

The share market is slightly higher following positive data out of China. After opening flat, the market responded positively to the release of HSBC's Chinese manufacturing data, which had its stro..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, July 24: AZJ - AURIZON - up three cents, or 0.6 per cent, at $5.05 Rail freight company Aurizon hauled more coal in the last 12 mont..

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Aussie shares hit 6-year high

Australian stocks have hit six-year highs on the back of strong US leads and a record production report from miner BHP Billiton. The close of 5576.7 points and intraday high of 5598 were both the A..

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Aussie bonds dip on higher inflation

Australian bond futures prices have fallen after official data showed a surprisingly high inflation read. Official headline inflation on Wednesday came in close to expectations, showing a rise of 0..

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Aussie shares close higher

The Australian share market has closed higher, finishing its sixth straight day of gains at a six-year high. At the close on Wednesday, the benchmark S&P/ASX200 index was 33.4 points, or 0.6 pe..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, July 23: AZZ - ANTARES ENERGY - up 0.5 cents, or 0.8 per cent, at 64.5 cents Shareholders in oil and gas company Antares Energy, th..

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US stocks rise on housing report

US stocks have finished higher following a busy day of corporate earnings and a report showing the highest level of existing-home sales in eight months. The Dow Jones Industrial Average rose 61.81 ..

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Shares to rise despite global turmoil

The share market is tipped to continue to deliver growing returns in the year ahead, despite the potential fallout from the Malaysia Airlines disaster. The fundamentals of the local market remain h..

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Aussie shares close higher

The Australian share market has closed higher, as investors await US inflation figures overnight and local inflation data on Wednesday. At the close on Tuesday, the benchmark S&P/ASX200 index w..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange at the close on Tuesday, July 22: ALZ - AUSTRALAND - down one cent, or 0.2 per cent, at $4.49 Property developer Australand expects annual earnin..

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Aussie shares close higher

The Australian share market has closed higher, posting modest gains in subdued trading. At the close on Monday, the benchmark S&P/ASX200 index was 8.2 points, or 0.15 per cent, higher at 5,539...

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Nine buys HBO’s stake in Quickflix

Nine Entertainment has become a major investor in movie and TV streaming service Quickflix. Nine, which runs the free-to-air TV network and other media ventures, has bought all of US entertainment ..

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Benign inflation should keep rates low

A slowdown in consumer demand is expected to have helped keep a lid on inflation in the June quarter, allowing the Reserve Bank to keep the cash rate at record lows. But despite the recent moderati..

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Credit downgrade for Boart Longyear

Mining company Boart Longyear's poor financial performance has resulted in a credit rating downgrade.Standard & Poor's has lowered its corporate credit rating for Boart to 'CCC' from 'CCC+'."Boart Lon..

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Antares shares lift on takeover bid

Oil and gas company Antares Energy is the target of a takeover bid, sending its share price to soaring.The US focussed Antares has received an incomplete, indicative proposal to buy all of the company..

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Stocks open higher

The Australian market has opened higher, following gains on Wall Street. Patersons Securities economist Tony Farnham said the gains in US markets on Friday night meant local stocks were starting on..

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Rinehart mulls fresh Fairfax bid

Australia's richest woman Gina Rinehart appears to be mulling whether to launch a bid to seize control of Fairfax Media. The mining billionaire, who is Fairfax's biggest shareholder with a 15 per c..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, July 21: AIO - ASCIANO - up 22 cents, or 3.83 per cent, at $5.96 Rail freight and ports operator Asciano has confirmed that it is in t..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - US stocks have surged higher as strong Google earnings and a large pharmaceutical deal offset worries about worsening international crises in..

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David Jones shares stop trading

David Jones shares have finished trading on the Australian stock market as South African retailer Woolworths prepares to take control of the department store business. The shares finished trading o..

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