Latest Finance News



Iluka pursuing possible takeover

Mineral sands miner Iluka has approached the operator of a titanium mine in Mozambique about a possible takeover. Iluka has confirmed it has approached Kenmare Resources about a potential combinati..

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Job vacancies up 2.1% in May

The number of jobs on offer for those looking for work has risen, new figures show. There were 146,000 job vacancies in May, up 2.1 per cent from the number on offer in February. The latest quar..

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AOFM sells $500m of Treasury notes

The Australian government has sold $500 million of Treasury notes that mature on October 24, 2014. The Australian Office of Financial Management (AOFM), which conducts bond auctions on behalf of th..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, June 26: ALL - ARISTOCRAT LEISURE - down 14 cents, or 2.6 per cent, at $5.33 Poker machine maker Aristocrat Leisure is in takeover t..

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Global unrest weighs on share market

The share market has fallen, with weakness in most sectors, as investors remain cautious due to conflict in Iraq and Ukraine. Uninspiring local jobs data and Chinese consumer confidence figures als..

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Jobs outlook grows bleaker

If economic growth is so strong, why is the number of job vacancies falling? It's not because there's anything wrong with the figures. Economic growth is indeed above average, or at least it was..

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Major restructure for Penfolds maker

The company behind Penfolds is making major changes to its global business as takeover speculation continues to swirl around the wine maker.Treasury Wine Estates plans to ramp up promotions, cut costs..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, June 25: BHP - BHP BILLITON - up one cent, or 0.03 per cent, at $36.46 The world's largest miner, BHP Billiton, has cut 500 Austral..

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Australian bonds bouncing back

The Australian bond market is bouncing back after its fall on Monday on the back of strong Chinese manufacturing figures. Westpac senior market strategist Damien McColough said the Australian bond ..

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Aussie shares down on negative leads

The share market is lower on falling risk appetite and as another retailer downgrades its profit forecasts. Disappointing manufacturing data out of Europe and concerns that US markets have been ove..

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Kathmandu suffers winter sales slump

Kathmandu shares have plunged by more than 10 per cent after the outdoor clothing retailer warned of a winter sales slump.The warmer-than-usual autumn and early winter temperatures have dented the ret..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday: BRU - BURU ENERGY - down two cents, or 1.7 per cent, at $1.14 The West Australian Department of Mines and Petroleum has given the gre..

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US shares open slightly lower

US shares have opened modestly lower, appearing prone to taking a breather for a third session after last week's strong run-up.But biotech shares got a boost from Vertex Pharmaceuticals (+47.2 per cen..

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Aussie shares boosted by Chinese data

The share market posted solid gains as investors were buoyed by China's best manufacturing activity data in six months. The June reading of HSBC's manufacturing activity index rose to its highest r..

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Home prices begin seasonal bounce

Housing prices appear to have started their normal late-June rebound following the seasonal dip beginning in May. Housing prices rose by 0.6 per cent last week, according to the RP Data measure bas..

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China manufacturing grows in June

China's manufacturing activity expanded in June for the first time this year as the effects of Beijing's mini-stimulus on the world's second-largest economy gradually kick in. HSBC said in a statem..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, June 23: IAG - INSURANCE AUSTRALIA GROUP - down seven cents, or 1.2 per cent, at $5.81 WES - WESFARMERS - down 54 cents, or 1.3 per ce..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - The Dow and S&P 500 edged to fresh records with the chances rising for GE's acquisition of parts of France's Alstom and fighting in Iraq ..

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Aust shares end week with heavy falls

Australian shares gave up most of the previous day's gains to end the week on a negative tone. The market ignored solid offshore leads, provided by the US Federal Reserve suggesting it would keep i..

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