Latest Finance News



EU leaders warn budget deal far off

European leaders have voiced doubts on reaching agreement on a trillion-euro EU budget for 2014-20, as gruelling talks pushed into a second day with a deal to bridge bitter divisions appearing to be i..

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International markets roundup

A roundup of trading on major world markets: NEW YORK - Wall Street was closed for the Thanksgiving holiday. LONDON - European stock markets and the euro rose as traders welcomed strong Chinese ..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange on Friday, November 23 GFF - GOODMAN FIELDER LTD - up 1.5 at 59.5 cents Breads and spreads supplier Goodman Fielder says it is on course to make ..

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QR executive pay levels ‘topical’

A senior executive with rail freight giant QR National has downplay shareholder anger at its executive pay levels, describing it as "topical". QR National's senior vice president of coal business d..

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Santos tips further production growth

Oil and gas company Santos expects its production to rise in 2013 as new projects come online. In a presentation to investors on Thursday, the company repeated its forecast for production in calend..

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Woolies confident of profit growth

Woolworths still expects profit to rise in this financial year after a pleasing first four months. Chief executive Grant O'Brien said on Thursday the company maintained its expectations of a rise i..

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Myer CEO calls for December rate cut

A December interest rate cut from the central bank would give the economy a boost and deliver retailers a pre-Christmas shot in the arm, Myer chief executive Bernie Brookes says. Mr Brookes said My..

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Goodman Fielder on track for savings

Breads and spreads supplier Goodman Fielder says it is confident that it can generate $100 million in targeted annual savings by 2015. Goodman Fielder managing director Chris Delaney said the compa..

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US stocks score modest gains

US stocks have notched up modest gains after a mixed batch of economic data and another eurozone failure to agree on a crucial aid payment for Greece. The Dow Jones Industrial Average was up 48.77 ..

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Aust shares close lower

The Australian share market has closed lower, with investors unimpressed following a decision by European finance chiefs to delay a decision on fresh help for debt-laden Greece. At the close on Wed..

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Programmed lifts in full year profit

Programmed Maintenance Services has battled through deteriorating conditions to post a rise in first half profit and flagged a moderate increase for its full fiscal year. The recruitment, property ..

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Ainsworth may start paying dividends

Gaming machine supplier Ainsworth Game Technology says it may start paying shareholders dividends in 2013. The company listed on the Australian Securities Exchange in December 2001. Company chai..

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Ivanhoe Australia to raise $80 million

Copper and gold miner Ivanhoe Australia is to tap investors for $80 million to help repay a loan and fund infrastructure and exploration projects. The Rio Tinto-controlled miner on Wednesday announ..

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DJ’s shares slide as sales disappoint

There are few signs cautious shoppers will loosen their purse-strings heading into Christmas, troubled department store operator David Jones says. David Jones reported on Wednesday sales revenue ro..

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US stocks close flat

US stocks have closed near break-even, clawing back from losses after Hewlett-Packard reported a huge charge for an acquisition, offsetting fresh data signalling recovery in the housing market. Aft..

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2012 the year of lost competitiveness

Westpac chairman Lindsay Maxsted says 2012 stands as the year in which Australia woke up to the fact that it was rapidly losing its cost competitiveness - and the mining industry is partly to blame. ..

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