Latest Finance News



Banks and miners weigh down the ASX

Higher gold prices have lifted some mining stocks but the major miners and big banks are weighing on the share market. The Australian share market had come off Thursday's solid gains after the US c..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, June 20: AIO - ASCIANO - up 32 cents, or 6.1 per cent, at $5.55 Rail operator Asciano will axe about 500 jobs in order to cut costs. ..

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Aussie shares rally on US Fed settings

Australian shares have rallied after the US central bank decided to retain ultra-low interest rates. US markets reacted positively to the Federal Reserve's monetary policy announcement, with the S&..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, June 19: AQA - AQUILA RESOURCES - up 22 cents, or seven per cent, at $3.35 MIN - MINERAL RESOURCES - down 20 cents, or 2.1 per cent,..

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Stocks to watch at close on Wednesday

Stocks to watch on the Australian stock exchange at close on Wednesday: AQA - AQUILA RESOURCES - up 22 cents, or seven per cent, at $3.35 MIN - MINERAL RESOURCES - down 20 cents, or 2.1 per cent..

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Baosteel in box seat for WA iron ore

China's Baosteel is in the box seat to secure a massive iron ore holding in Western Australia after Mineral Resources failed to take control of explorer Aquila Resources.Aquila on Wednesday said it ha..

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Lew looms as a hurdle in DJs takeover

Retail billionaire Solomon Lew is playing a high stakes game of poker against David Jones' South African suitor, and his next move has everyone guessing.The veteran retailer has bolstered his stake in..

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US stocks higher ahead of Fed meeting

Wall Street stocks finished higher as investors weighed continued violence in Iraq with mixed US economic data and looked ahead to a Federal Reserve policy statement on Wednesday. The Dow Jones Ind..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, June 18: BRU - BURU ENERGY - up 1.5 cents, or 1.3 per cent, at $1.155 The West Australian government has decided to allow Buru Ener..

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Aussie shares close lower

Shares closed weaker as worries about Iraq and the sudden sale of nearly 10 per cent of Woodside shares weighed on the market. IG chief market strategist Chris Weston said Shell's liquidation of mu..

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Stocks to watch at close on Tuesday

Stocks to watch on the Australian stock exchange at the close on Tuesday: BRU - BURU ENERGY - up 1.5 cents, or 1.3 per cent, at $1.155 The West Australian government has decided to allow Buru En..

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China May FDI down 6.7%

Foreign direct investment (FDI) into China fell 6.7 per cent year-on-year to $US8.6 billion ($A9.30 billion) in May, the government says. For the first five months of the year FDI - which excludes ..

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Product approval boosts Osprey shares

Shares in Osprey Medical have soared after a new version of its main product received regulatory approval for use in the United States. The US Food and Drug Administration has cleared the second ge..

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Rates likely to stay put for a while

The Reserve Bank appears more downbeat on Australia's economic growth prospects, suggesting interest rates could be on hold for even longer. The minutes of the central bank's June board meeting hig..

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Shell to sell most of Woodside stake

Australia's largest oil and gas company Woodside Petroleum will spend nearly $3 billion to get Royal Dutch Shell off its share register. Woodside's largest shareholder, petroleum giant Shell announ..

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Commodities markets summary

A summary of trading in key commodities markets overseas: ENERGY US oil traded little changed at nine-month peaks, while Brent rose modestly as investors watched the unfolding sectarian conflict..

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