Latest Finance News



Tinkler company could be sold

Receivers are preparing to put Nathan Tinkler's Aston Metals resources company up for sale after it failed to pay its debts. The metals explorer, which owns five projects around Mt Isa in Queenslan..

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Nokia sells its phone unit to Microsoft

Beleaguered Finnish company Nokia has announced the sale of its mobile phone unit to Microsoft for $US5.44 billion euros ($A6.08 billion), bringing to an end its days as a phone-maker.Nokia will grant..

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Current account data point to tepid GDP

Australia's balance sheet has received a bit of a blow, which may mean a sluggish result for June quarter gross domestic product (GDP) figures, due out on Wednesday.Balance of payments and internation..

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ACCC approves Virgin-Air NZ alliance

The competition watchdog has given the green light for a trans-Tasman airline alliance between Virgin Australia and Air New Zealand to continue for another five years.Australian Competition and Consum..

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Australian stocks open higher

Australian stocks have opened slightly higher following positive leads from European markets. CMC chief market analyst Ric Spooner said the market had taken its cue from official figures which show..

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AMP and China Life set up new fund

AMP Capital and China's biggest insurer China Life will establish a new funds management company in China with the hope of handling some of the $800 billion on offer.AMP will hold a 15 per cent stake ..

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China manufacturing data boosts market

The Australian stock market has closed one per cent higher due to stronger than expected Chinese manufacturing data.Official manufacturing numbers number released over the weekend and figures from HSB..

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Data points to sluggish economy

The latest round of figures tell a familiar story - the economy's growing, but not quite as fast as we'd all prefer. We haven't yet seen the full picture for the June quarter. That will come on ..

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Rio launches expanded WA operations

Mining giant Rio Tinto has loaded the first shipment of iron ore from its expanded Pilbara operations in Western Australia. Rio says the milestone begins the commissioning of its expanded port, rai..

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Weak company profits to weigh on hiring

Company profits were weaker than expected in the June quarter but they shouldn't be a drag on economic growth figures due out on Wednesday. June quarter business indicators data showed an 0.8 per c..

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Billabong shares surge on spill push

Billabong shares have surged after an American shareholder group called for a spill of the embattled surfwear company's board.The company on Monday morning said New York-based hedge fund Coastal Capit..

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Inflation barely moves in August: TD

The rate of inflation slowed to a crawl in August, leaving the door open for the central bank to stimulate the economy if need be. The TD Securities/Melbourne Institute Monthly Inflation Gauge was ..

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Australian share market opens higher

The Australian share market has opened higher as manufacturing figures out of China lift investor sentiment. IG market strategist Stan Shamu said the local market had opened positively on the data...

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CBA executive to leave company

The Commonwealth Bank's head of institutional banking and markets, Ian Saines, will leave the company at the end of the year. Mr Saines has been with CBA since 2004 and has been group executive, in..

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Scary September looms for investors

August was tough on the stock market. Now, investors face an even scarier September. Disappointing news on consumer spending helped pull stocks lower on Friday in a quiet end to the market's worst ..

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