Latest Finance News



New home sales rise in November

New home sales have risen for a second straight month as buyers headed into the property market on the back of lower interest rates and state government assistance, a report says. The Housing Indus..

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Alcoa opens Dow Jones earnings season

Alcoa Inc says fourth-quarter earnings have met Wall Street's expectations, and it sees slightly higher demand for aluminum this year. The company said on Tuesday that net income was $US242 million..

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Yancoal gets $570m from parent

Chinese-owned Yancoal Australia has secured $US596 million ($A570.31 million) in funds from its parent company. Yancoal Australia has arranged a five year loan facility with Yanzhou Coal - China's ..

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MacMahon denies Sembawang allegations

MacMahon Holdings denies it received an offer from an Indian-based firm to buy its construction business before entering into a sale agreement with its major shareholder Leighton Holdings. Sembawan..

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Stocks to watch at close on Tuesday

Stocks to watch on the Australian stock exchange on Tuesday: LYC - LYNAS CORPORATION LTD - up nine cents, or 14.4 per cent, at 71.5 cents Rare earths miner Lynas expects to be producing finished..

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US stocks fall ahead of earnings season

US stocks have closed lower amid profit taking from last week's rally and caution on the eve of the start of corporate earnings season. The Dow Jones Industrial Average shed 50.92 points (0.38 per ..

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US stocks gain on firm economic data

US stocks have closed higher, with the S&P 500 hitting its highest level in five years, helped by a steady December jobs report and a surprise improvement in a key index for the service sector.The..

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Aust stocks close lower

Australian stocks have closed weaker as declines among the major miners dragged the broader market lower and snapped a two-day rally.At 1615 AEDT on Friday, the benchmark S&P/ASX200 index was down..

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Aust stocks close lower

Australian stocks have closed lower, ending a two-day rally.At 1615 AEDT on Friday, the benchmark S&P/ASX200 index was down 16.9 points, or 0.36 per cent, at 4,723.8 points, while the broader All ..

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Aust shares lower at noon

The Australian share market was 0.36 per cent lower at noon as traders locked in profits following weak leads from the US overnight.At 1230 AEDT on Friday, the benchmark S&P/ASX200 index was down ..

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Aust shares open lower

The Australian share market has opened lower, led by weakness in resources stocks and commodity prices.At 1015 AEDT on Friday, the benchmark S&P/ASX200 index was down 14.2 points, or 0.3 per cent,..

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Aust shares open lower

The Australian share market has opened slightly lower, after US stocks and commodity prices fell overnight.At 1015 AEDT on Friday, the benchmark S&P/ASX200 index was down 14.2 points, or 0.3 per c..

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Australian stockmarket preview

The Australian share market is expected to open lower on Friday, after rallying on Wednesday and Thursday on the back of the succesful US budget deal.At 0756 AEDT on the ASX 24, the June share price i..

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US stocks slip after two days of gains

US stocks have closed lower amid profit-taking after shares rose strongly for two straight sessions driven by congress's long-awaited deal to avert the economy-crunching fiscal cliff.Also weighing in ..

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Aust stocks close higher

Australian stocks have closed at fresh 19-month highs after strong gains among the big miners and retail banks.At 1615 AEDT on Thursday, the benchmark S&P/ASX200 index was up 34.8 points, or 0.74 ..

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Aust stocks close higher

The Australian share market has closed at fresh highs on the back of firmer commodities prices and positive sentiment from the US fiscal cliff deal.At 1615 AEDT on Thursday, the benchmark S&P/ASX2..

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Aust shares still gaining ground

The Australian share market is higher, helped by the market optimism that followed the the breakthrough deal in US to avoid the fiscal cliff.At 1015 AEDT on Thursday, the benchmark S&P/ASX200 inde..

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Aust shares open higher

The Australian share market is higher, helped by the market optimism, that followed the the breakthrough deal in US to avoid the fiscal cliff.On Wednesday, Australian time, the US Congress approved a ..

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Australian stockmarket preview

The Australian market is set to open higher after legislation was passed in the US to roll back series of spending cuts and tax hikes that could have pushed America back into recession.At 0756 AEDT on..

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