Latest Finance News



iiNet boss Malone resigns

Michael Malone has resigned as chief executive of iiNet, more than 20 years after co-founding the internet services provider. Mr Malone, who co-founded the company in a garage in Perth in 1993, ann..

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Metcash spends big to boost growth

Metcash boss Ian Morrice says the grocery wholesaler can still reach the $15 billion sales target set by his predecessor, after unveiling a major spending program to address declining revenues. The..

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Banks’ lending costs have fallen

The Reserve Bank of Australia says lending costs for banks fell slightly more than the cash rate in 2013, which is good news for borrowers. "The cost of deposits fell, while the cost of outstanding..

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More travellers using Sydney Airport

The number of passengers using Sydney Airport has continued to grow, thanks to Chinese New Year celebrations and more locals travelling abroad. Passenger numbers in February were up 2.5 per cent fr..

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Australian stocks edge higher

The share market has edged higher as investors wait to see how quickly the United States will continue to wind back its economic stimulus measures. Investors are looking past developments in Ukrain..

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Customers return as $A falls, says DJs

David Jones says a lower Australian dollar has helped it to pinch customers back from international online rivals. Earnings from the company's department store business grew by more than eight per ..

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US stocks rise despite Ukraine worries

US stocks have barrelled higher despite Russia's move to absorb Crimea following a controversial weekend vote by the region to secede from Ukraine. The Dow Jones Industrial Average jumped 88.97 (0...

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Australian share market closes higher

The Australian share market has closed higher as global markets rallied on the back of encouraging US factory production figures and relief that sanctions imposed on Russia after the Crimea vote were ..

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RBA gets more upbeat about the economy

The Reserve Bank is more optimistic about the economy, meaning a likely end to its interest rate cuts. In the minutes of its March board meeting, the RBA reiterated its stance that the cash rate wi..

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105 jobs to go in Nufarm restructure

Agricultural chemicals and seeds supplier Nufarm will cut 105 jobs as part of a cost cutting restructure of its Australian operations. Nufarm expects the restructure will save up to $13 million a y..

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US stocks surge despite Ukraine vote

US stocks have bolted higher, brushing off geopolitical concerns after a controversial vote by Crimea to secede from Ukraine and join Russia. The Dow Jones Industrial Average jumped 181.55 (1.13 pe..

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Lend Lease to build NorthConnex

Property and infrastructure group Lend Lease and its partner, French construction firm Bouygues Construction, have been appointed the preferred tenderer to build the $3 billion NorthConnex Motorway in..

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Leighton shares fall on uncertainty

Leighton Holdings shares have fallen sharply as investors worry about the construction giant's future profits, lower dividends and more than $5 billion in unpaid bills. Retail and institutional inv..

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