Latest Finance News



Australian stocks open flat

The Australian stock market has opened flat, with strong gains in consumer discretionary stocks offset by weakness in mining-related sectors. At 1027 AEDT on Monday, the benchmark S&P/ASX200 in..

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Hills books first half loss of $73.6m

Electronics, building materials and lifestyle products supplier Hills Holdings says it has already taken most of the pain involved in its restructuring and will be looking for growth in the 2013/14 fi..

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Rio wins case blocking access to rail

The world's second largest iron ore miner, Rio Tinto, has tightened its already firm grip over the Pilbara region by winning a ruling that blocks other miners from using its rail lines.Rio released a ..

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IAG’s flood costs up to $140m

The cost of recent floods and bushfires have reached up to $175 million for Insurance Australia Group, but analysts still expect profits in the industry to grow this financial year.IAG, which operates..

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US stocks open higher on trade data

US stocks have opened higher following an unexpected drop in the trade deficit and strong trade data out of China.Five minutes into trade on Friday, the Dow Jones Industrial Average gained 23.42 point..

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Australian share market finishes higher

The Australian share market finished stronger near a 22-month high, as investors reacted positively to economic data from China indicating a rebound in activity. At the close on Friday, the benchma..

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MRRT raises $126 million so far

The federal government's mining tax raised $126 million in its first six months of operation. The minerals resource rent tax (MRRT) was forecast to raise $2 billion over the entire 2012/13 financia..

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Australian share market trading higher

The Australian share market is trading slightly higher despite a weak lead from United States markets. At 1200 AEDT on Friday, the benchmark S&P/ASX200 index was up 11.5 points, or 0.23 per cen..

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US stocks drop; Apple gains

US stocks rebounded from early sharp losses but finished down Thursday amid some earnings disappointments while Apple jumped after it said it was reviewing ways to return some of its $137 billion cash..

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Australian stocks open flat

The Australian share market has opened fairly flat following a lacklustre finish on Wall Street. At 1030 AEDT on Friday, the benchmark S&P/ASX200 index was up 5.6 points, or 0.11%, at 4,941.3, ..

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ANZ leaves rates on hold

ANZ has kept its standard variable rates on mortgages and business loans on hold.The decision at the bank's monthly rate setting meeting follows a decision by the Reserve Bank of Australia to keep the..

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More delays cause Sundance share plunge

Shares in Africa-focused iron ore hopeful Sundance Resources plunged almost 12 per cent after it revealed yet another delay in the drawn out takeover by its Chinese suitor.The National Development and..

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Australand posts 28 per cent profit rise

Property developer Australand is expecting its investment portfolio to underpin growth in 2013, following a 28 per cent jump in full-year profits last year.The group - which has $2.3 billion worth of ..

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US stocks mixed in choppy trade

US stocks closed fairly flat on Wednesday after a choppy day of trading, with some positive earnings reports providing support. The Dow Jones Industrial Average rose 7.22 points (0.05%) to 13,986.5..

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NAB on track for $6 billion profit

National Australia Bank is on track to post a $6 billion full-year cash profit after improving earnings in the first three months.The bank met analyst expectations by reporting unaudited cash earnings..

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Australian share market closes higher

The Australian share market has closed higher on the back of a positive lead from the United States market and the prospect of a cut to interest rates. On Wednesday, the benchmark S&P/ASX200 in..

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BHP sacks Olympic Dam workers

BHP Billiton has told workers at its Olympic Dam project about further losses as the global miner seeks to slash costs. The world's largest resources company would not say how many workers would go..

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Flat retailing trend confirmed by data

Retail spending flattened out over the second half of 2012. It's hardly a controversial observation, but figures from the Australian Bureau of Statistics (ABS) on Wednesday confirm the plateau exte..

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Australian shares open

The Australian share market has opened more than half a per cent higher. At 1010 AEDT on Wednesday, the benchmark S&P/ASX200 index was up 29.4 points, or 0.60%, at 4,912.1, while the broader Al..

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US stocks rebound on economic reports

US stocks jumped on Tuesday, recovering much of Monday's losses and picking up momentum from solid economic indicators. The Dow Jones Industrial Average finished 99.22 points higher (0.71%) at 13,9..

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