Latest Finance News



Australian market set to open higher

The Australian stock market looks set to open higher after strong performance on overseas markets overnight. At 0654 AEDT on Wednesday, the March share price index futures contract was UP 22 points..

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Stocks to watch at close on Tuesday

Stocks to watch on the Australian stock exchange at noon on Tuesday: BLY - BOART LONGYEAR - up 3.00 cents, or 6.82 per cent, at 47 cents Drilling company Boart Longyear has appointed Rio Tinto e..

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Boart Longyear appoints new CFO

Drilling company Boart Longyear has appointed Rio Tinto executive Jeffrey Olsen as its new finance chief. Mr Olsen, who is currently the chief commercial officer of Rio's titanium business, will jo..

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Woodside partners sign Israel gas deal

Woodside Petroleum's partners in the Leviathan gas project in Israel have signed a deal to sell $1.2 billion worth of gas to the Palestine Power Generation Company (PPGC) for 20 years. The Leviatha..

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Stocks to watch at noon on Tuesday

Stocks to watch on the Australian stock exchange at noon on Tuesday: WPL - WOODSIDE PETROLEUM - up nine cents, or 0.24 per cent, at $37.79 A Palestine power company has been confirmed as first b..

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Australian shares open higher

The Australian stock market has opened stronger as local investor confidence offset negative leads from global markets. CMC Markets chief market strategist Michael McCarthy said the move higher at ..

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Dexus-CPPIB offer alternative CPA bid

Office, industrial and retail property investor Dexus Property Group has added an alternative to its joint takeover offer for the Commonwealth Property Office Fund (CPA). Dexus and the Canada Pensi..

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Australian market set to slightly lower

The Australian market looks set to open slightly lower after a lacklustre performance on Wall Street overnight. At 0841 AEDT on Tuesday, the March share price index futures contract was down six po..

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Australian share market closes lower

The Australian share market has lost ground as investors wait for direction from Europe and the US. Morgans client adviser Alistair McCorquodale said the local market had fallen steadily throughout..

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Australian share market trading lower

The Australian share market is trading slightly lower in what is expected to be a quiet period for the domestic market over the next few days. Invast Securities chief market analyst Peter Esho said..

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Dexus takeover offer for CPA now open

A joint takeover offer from the Dexus Property Group and the Canada Pension Plan Investment Board (CPPIB) for the Commonwealth Property Office Fund (CPA) is now open. The Dexus-CPPIB consortium mak..

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AUD backs away from one-month high

The Australian dollar has fallen after hitting its highest level in almost a month. At 1200 AEDT on Monday, the local unit was trading at 89.56 US cents, down from 89.71 cents on Friday. Early o..

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Services sector contracts in December

Australia's services industry finished 2013 on a sour note, with the sector contracting at a faster rate in December. According to the Australia Industry Group Performance of Services Index (PSI), ..

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Australian shares open flat

The Australian market was flat in early trade with domestic and Chinese economic data out later this week expected to give investors on how to trade. Monday marks the start of the first full week o..

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Australian bonds firmer in quiet trade

The Australian bond market is slightly stronger after a quiet night of trade on offshore markets on Friday night. "Trading was thin, given the holiday season and snowstorms in New York and Boston,"..

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Australian market set to open higher

The Australian market looks set to open higher following a mixed result on Wall Street on Friday. The March share price index futures contract is up 23 points at 5,335. US stocks finished trade ..

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Australian shares end day lower

The Australian share market has fallen, weighed down by resources stocks, following a drop on overseas markets. Shares opened in negative territory and remained there for day, IG market analyst Chr..

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Big movers on Friday

Stocks to watch on the Australian stock exchange at close on Friday: ANN - ANSELL - down 23 cents, or 1.1 per cent, at $20.60 Protective clothing and condom maker Ansell has completed its $US615..

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Stocks to watch on Friday

Stocks to watch on the Australian stock exchange at noon on Friday: ANN - ANSELL - down 24 cents, or 1.15 per cent, at $20.59 Protective clothing and condom maker Ansell has completed its $US615..

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