Latest Finance News



Becton holding companies in receivership

Troubled retirement village developer Becton Property Group has had some of its holding companies placed in receivership.Mark Korda and Janna Robertson were appointed receivers and managers of Becton ..

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Flight Centre first half profit soars

Travellers beware - bargain airline tickets could be about to dry up.The head of travel agency Flight Centre believes airline tickets have hit an all-time low and are about to start climbing.But while..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, February 26 BPT - BEACH ENERGY LTD - up 7.5 cents at $1.37 Shares in Beach Energy have gained almost six per cent after Chevron Austr..

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Ten shares up after CEO sacking

Investors' hopes of a turnaround at the Ten Network have been boosted amid speculation about a possible News Corporation takeover of the struggling broadcaster. Analysts believe that closer ties co..

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Domestic seat flood hits Virgin profit

Virgin Australia's first half profit more than halved as a flood of extra seats forced down airfares. Heavy discounting in the battle for passengers with rival Qantas Airways also prevented the air..

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QBE to raise premiums

QBE Insurance says Australian premiums will continue to rise in 2013 as it deals with major catastrophe costs from its north American business.QBE has also flagged major changes to its business to sav..

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Australian share market closes higher

The Australian share market has closed higher as investors continued to feel optimistic despite weaker manufacturing data from China. At 1615 AEDT on Monday, the benchmark S&P/ASX200 index was ..

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Australian shares open higher

The Australian sharemarket has opened higher as investors continuing to chase high yielding stocks. At 1028 AEDT on Monday, the benchmark S&P/ASX200 index was up 19.3 points, or 0.38 per cent, ..

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Ten shares up after CEO sacking

Investors' hopes of a turnaround at the Ten Network have been boosted amid speculation about a possible News Corporation takeover of the struggling broadcaster. Analysts believe that closer ties co..

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ANZ recovering from rates controversy

ANZ is slowly regaining its standing among business customers following its controversial decision to shift the timing of its monthly interest rate decision.The monthly DBM Consultants Business Financ..

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Austraian shares open higher

The Australian share market has opened a third of a per cent higher. At 1010 AEDT on Monday, the benchmark S&P/ASX200 index was 16.9 points, or 0.34 per cent, at 5,035.0, while the broader All ..

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Caltex says it will find enough fuel

Caltex says it will find enough fuel to supply customers despite the looming closure of a refinery adding to worries about Australia's energy security.Last year's decision by Caltex and Shell to close..

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Stocks rise on expectation of stimulus

US stocks have closed higher on renewed confidence that the US Federal Reserve stimulus program will continue. Stocks also got a lift from a bullish report on German business sentiment and from an ..

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US stocks rise on stimulus hopes

US stocks closed higher on Friday on renewed confidence that the US Federal Reserve stimulus program will continue.Stocks also got a lift from a bullish report on German business sentiment and from an..

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US stocks rise on upbeat German data

US stocks have moved higher following a bullish report on German business sentiment and solid earnings results from computer company Hewlett-Packard.About 40 minutes into Friday trade, the Dow Jones I..

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Australian stocks stage solid recovery

The Australian share market partially reversed its big sell-off with a solid finish after the Reserve Bank's positive comments about the economy. The benchmark S&P/ASX200 index was up 38 points..

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Crown satisfied with VIP growth

There's plenty enough Chinese VIP gamblers to go around for everyone, says casinos operator Crown. Crown on Friday booked a net profit of $180.8 million for the six months ended December 31, down 3..

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Australian shares higher at noon

The Australian market is more than one per cent higher, rebounding from Thursday's heavy losses. At 1209 AEDT on Friday, the benchmark S&P/ASX200 index was up 56.5 points, or 1.13 per cent, at ..

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RBA has easing bias, Stevens

The Reserve Bank of Australia says it is more likely to cut the cash rate further than raise it above its current level. RBA governor Glenn Stevens told a parliamentary committee on Friday the cent..

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Fortescue appoints new board members

Iron ore miner Fortescue Metals Group has appointed two new board members, including its first female director.Chartered accountant Elizabeth Gaines and Fortescue's director of development Peter Meurs..

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