Latest Finance News



Warm weather to chill department stores

The recent run of warm autumn weather is about to send a chill through the nation's department stores.New figures show department store cash registers were ringing more often in April, with sales up 2..

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Copper prices rise on China data

Copper prices rose as better than expected economic data from China suggested the world's largest importer of the industrial metal may be seeing its economy stabilise after a rocky start to the year. ..

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Stocks to watch on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday, June 3: ASL - AUSDRILL - down 11 cents, or 11.28 per cent, at 86.5 cents Mining contractor Ausdrill has again downgraded its full yea..

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Aust growth driven by exports in 2014

The Australian economy is set to get a serious boost from mining exports this year but there are signs that other parts of the economy are picking up too. The strong influence of exports in Austral..

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WRT to get opportunity to reconsider

Westfield Retail Trust (WRT) investors will have the chance to change their mind on a proposed controversial merger with the Australasian business of Westfield Group. The planned merger hit a brick..

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Inflation up 0.3 per cent in May

Rising inflation and a pick-up in non-mining activity shows a rate hike could be on the cards in early 2015. The TD Securities-Melbourne Institute monthly inflation gauge rose by 0.3 per cent in Ma..

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Housing sector starts to weaken

The housing construction sector has hit a soft patch but a bounce back could be on the cards for later this year.Building approvals fell for the third consecutive month in April, weighed down by anoth..

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Stocks to watch on Monday

Stocks to watch on the Australian stock exchange on Monday, June 2: DJS - DAVID JONES - up six cents, or 1.51 per cent, to $4.04 Billionaire Premier Investments chairman Solomon Lew has taken a ..

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Miners weigh on Aussie share market

The Australian share market has closed lower as falling iron prices weighed upon the resources sector. "A lot of the mining stocks and mining infrastructure stocks are getting hit pretty hard," IG ..

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Something for everyone in capex data

Whether you're think the glass is half full or half empty, there's something just for you in the latest survey of private business capital spending. The survey from the Australian Bureau of Statist..

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New home sales continue to shine

New home sales continue to soar, serving as a key support for Australia's economic growth. Sales were up 2.9 per cent in April, figures released by the Housing Industry Association on Thursday show..

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Stocks to watch on Thursday

Stocks to watch on the Australian stock exchange on Thursday, May 29: ALL - ARISTOCRAT LEISURE - up 17 cents, or 3.29 per cent, at $5.34 Poker machine maker Aristocrat Leisure expects strong ann..

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Aussie shares touch a six year high

The Australian share market has closed in positive territory after touching a six year high in afternoon trade. The ASX200 hit 5540.8 points at 1420 AEST before retreating later in the day. Morg..

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Iluka shares jump 6.1%

Iluka Resources was the second-best performer on the share market on Wednesday after giving shareholders an upbeat view of the long-depressed mineral sands market. Iluka expects total sales of its ..

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Westfield split faces opposition

A proposed split of shopping centre giant Westfield's Australasian and international assets into separate entities faces stiff opposition when securityholders vote on the matter. Westfield Group wa..

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Housing affordability best in 12 years

Housing affordability is the best it's been in over a decade thanks to low interest rates and easing home price rises. Affordability is at its most favourable level since March 2002, according to t..

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Growth expectations hit 3-year low

Expectations for Australia's economic growth have slumped to a three-year low, weighed down by a tumble in consumer confidence following the federal budget.The Westpac/Melbourne Institute Leading Inde..

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Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, May 28: ALL - ARISTOCRAT LEISURE - up two cents, or 0.4 per cent, at $5.17 Aristocrat Leisure releases its half year results on Wed..

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