Latest Finance News



Shares recover to edge higher

The share market has recovered from early falls to close higher as investors brushed off worries about iron ore prices. Despite lingering concerns about unrest in the Middle East, there had been a ..

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RBA official warns of worker shortage

A shortage of workers could soon be a major concern as more people drop out of the labour market, a central bank official has warned. The participation rate - those in work, looking for work and re..

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One in 10 homes sold at a loss

- Whether you make a profit selling your home depends a lot on when you bought it. And where. In the three months to March, 90 per cent of homes sold fetched more than their purchase price, acco..

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Commodities markets summary

A summary of trading in key commodities markets overseas: ENERGY Global oil prices surged to fresh nine-month highs as traders eyed escalating violence in Iraq, OPEC's second-biggest crude expor..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - US stocks finished higher as investors weighed the implications of escalating sectarian violence in Iraq that has lifted oil prices to nine-m..

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Iraq, iron ore drive down Aust market

The Australian share market has closed at its lowest level in two months after escalating violence in Iraq spooked investors and falling iron ore prices continued to pressure mining stocks. CMC chi..

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Shares slump on Iraq tensions

The share market has fallen to a two-month low as escalating violence in Iraq rattles investors. US President Barack Obama has said he's considering all options to halt the march of Islamic militan..

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Bonds firm as Iraq violence escalates

Australian bond futures prices are higher as worries about a new insurgency in Iraq spark a bout of cautious trade. Islamic militants are pushing toward Baghdad after capturing a town to the north ..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, June 13: GFF - GOODMAN FIELDER - steady at 68.0 cents Food group Goodman Fielder will spend $27 million to expand its Christchurch ult..

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Steady jobs figures no boost for shares

Lower commodity prices and falls on overseas markets are causing the share market to lose ground, as investors see little reason to invest.Slightly better than expected jobs data also had little impac..

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Qantas pays off debt early

Qantas has paid off $450 million in debt eight months early, leaving less debt to be repaid in the coming year.The airline used the proceeds of a recent seven year loan from investors, in the form of ..

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Joblessness steady as workforce shrinks

Australia's jobless rate has remained steady, with the number of people dropping out of the labour market offsetting a fall in how many people are employed.Unemployment remained unchanged at 5.8 per c..

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Shares follow Wall St lower

The share market has opened lower after Wall Street's recent rally came to an end.At 1015 AEST on Thursday, the benchmark S&P/ASX200 index was down 25.9 points, or 0.47 per cent, at 5,428.1, while the..

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Australian market set to open lower

The Australian share market is set to fall after heavy losses on Wall Street, partly caused by the World Bank's downgrading of its global growth forecast.At 0700 AEST on Thursday, the March share pric..

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Jobless rate steady for third month

Australia's jobless rate is steady, but only because people are dropping out of the race for a job.Unemployment remained unchanged at 5.8 per cent in May, beating economists' expectations of a rise to..

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$A hits 4 week high after better data

The Australian dollar hit a four-week high against the US dollar, helped by positive business confidence data and a recent run of good Chinese economic figures. At 0700 AEST on Wednesday, the local..

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Australian market set for flat open

The Australian share market is set for a flat start to trade after a quiet session on Wall Street, due to a lack of major economic or company news. At 0700 AEST on Wednesday, the March share price ..

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Wall Street highs lift Aussie market

The share market is higher thanks to investors being inspired by fresh peaks reached on Wall Street. Strong jobs data pushed US markets higher on Friday, giving some impetus to Australian stocks wh..

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