Latest Finance News



Local shares rattled by US jitters

The sharemarket remains significantly weaker as investors react to surprisingly weak US manufacturing data. Investors' risk appetite has shrunk after figures showed growth in the US manufacturing s..

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RBA signals end of rate cut cycle

The Reserve Bank of Australia has bad news for borrowers - no more interest rate cuts for some time. The RBA kept the cash rate unchanged at its first board meeting of 2014, highlighting an improve..

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Australian shares open sharply lower

The sharemarket has dropped sharply following the US market's worst fall since last June. A brutal night on Wall Street left the S&P 500 down 2.28 per cent after weaker-than-expected US manufac..

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REA Group committed to global expansion

Online real estate advertiser REA Group remains committed to its expansion into Italy despite economic challenges in the European nation. The company behind realestate.com.au increased its net prof..

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Downer EDI lifts first half profit

Engineering and construction company Downer EDI expects the rest of this financial year will remain a period of consolidation for the business, rather than growth. But the maker of passenger and fr..

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US stocks sink more than 2%

US stocks have fallen more than two per cent after a surprisingly weak US manufacturing report sparked another round of selling amid concerns about the strength of the global economy. The Dow Jones..

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Aussie shares lag after US shares fall

Australian shares are slightly weaker as the corporate earnings season begins with strong results from several retailers. The local market had a weak opening on Monday after US shares fell sharply ..

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Job ads fall, but at slower rate

Job advertisements on the internet and in newspapers have fallen again, but the rate of decline is slowing. The total number of job ads fell by 0.3 per cent in January, seasonally adjusted, followi..

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Home prices continue to rise

Home prices have continued to climb in January with Melbourne leading the charge. Capital city home values rose 1.2 per cent last month and 9.8 per cent in the year to January, according to the RP ..

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Australian shares open lower

The share market has started the week with losses following falls out of the US and expectations there will not be any rate cuts in Australia soon. IG market strategist Stan Shamu said the fact tha..

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Inflation was benign in January

Surprisingly high inflation in December has been unwound by falling prices for clothing and travel in 2014. The TD Securities Melbourne Institute monthly Inflation Gauge increased by 0.1 per cent i..

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Manufacturing contracts despite low AUD

Low interest rates and a falling Australian dollar are failing to drive expansion in manufacturing activity, which has contracted for three months in a row. The Australian Industry Group's Performa..

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JB HiFi betting on home appliances

JB Hi-Fi has produced another strong profit and is spruiking its future growth potential as it expands into the home appliances market. JB Hi-Fi on Monday announced a 10 per cent increase in profit..

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US stocks tumble on earnings letdowns

US stocks have fallen sharply on continued unease over emerging markets and a number of high-profile earnings disappointments. At the closing bell on Friday, the Dow Jones Industrial Average sank 1..

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