Financial Services

The Australian dollar is lower after the greenback was boosted by positive US retail sales data that sustained speculation the US Federal Reserve will begin tapering soon.

US stocks have closed in positive territory as corporate raider Carl Icahn revealed a large stake in Apple, sending the technology titan 4.8 per cent higher.

The Australian dollar is lower against a US dollar strengthened by moves from investors expecting strong US economic data to be released this week.

The Australian share market has hit a three month high, with investors buoyed by positive local earnings performances potential stimulus measures in Japan.

Perth-based bank machine distributor Ezeatm has begun legal proceedings against its former boss and co-founder, Todd Zani, who was ousted from the company in June.

The departments of Treasury and Finance expect the federal budget deficit to be $30.1 billion in 2013/14, unchanged from the government's own forecast.

The Australian share market has opened fractionally higher, boosted by the big miners.

The Australian dollar is being weighed down by strength in the greenback amid renewed expectations that the US Federal Reserve will begin tapering its economic stimulus program soon.

Wall Street stocks have closed mixed as investors look to a busy week of data releases on the US economy.

The Australian dollar is higher due to reports Chinese state-owned banks are offering stimulus measures to major cities.

The Australian share market rose by more than one per cent as renewed optimism about China's economy prompted investors to pile into resources stocks.

The Australian share market is flat, but the mining giants are bucking the trend to open in firmer territory.

The Australian dollar is higher as the currency continues to extend gains following the release of strong Chinese data.

US stocks have retreated from record peaks and finished lower after a sluggish week light on news and trading volume.

The Australian dollar is higher despite the Reserve Bank of Australia's weaker outlook for economic growth.

A Perth-based businessman has pleaded guilty to insider trading relating to the takeover of MacArthur Coal by US-based Peabody Energy Corporation in 2011.

Trisha Burgess's small business has achieved a major sales boost this past year without any changes to her product range. All the gains, she says, are due to a banking app.

Australian shares rallied late, but closed slightly lower on Friday after being dragged down by the banks.

ANZ is the last of the big four banks to pass on the Reserve Bank of Australia's quarter of a percentage point interest rate cut.

The deterioration in the economic outlook underpinning the latest interest rate cut was so minor it is barely detectable in new forecasts from the Reserve Bank of Australia.

Australian shares have opened weaker despite a recovery on Wall Street, but local resource giants are defying the trend.

The Australian dollar is near its highest level in almost two weeks after Chinese international trade data showed the world's second largest economy is still going strong.

US stocks have snapped a three-day losing streak, catalysed by stronger Chinese trade data and better sentiment on the European economy.

The Australian dollar is higher despite weak jobs figures, boosted by better than expected trade data out of China.

The Australian share market has clawed back some of Wednesday's losses due to positive Chinese trade data and a strong profit result from Telstra.

The Australian share market has opened higher.

The Australian dollar is higher as the US dollar falls against all the major currencies on fears about the Japanese economy.

US stocks on Wednesday retreated for the third straight session on another quiet news day that left investors searching for direction.

Australian shares have fallen as healthy housing finance figures convinced investors the latest interest rate cut could be the last.

Not all local stockbrokers have been hit by falling commodity prices and the downturn in the mining sector.

The Australian stock market has opened lower, following falls on Wall Street overnight.

The Australian dollar has held onto its gains after the Reserve Bank of Australia gave no indication there would be a third interest rate cut this year.