Financial Services

Founding director and chairman of Aquila Resources Charles Bass has sold off almost $6.2 million worth of shares, as part of moves that reduced his beneficial interest in the company to 10.7 per ce

Australian stocks rebounded to post modest gains after closing at four-month lows on Monday.

WESTERN Australian stockbrokers CPS Securities and Indian Ocean Capital have agreed to merge to create the ninth biggest stockbroking operation in the state.

There was no interest rate cut today but the Reserve Bank of Australia has pointedly left its options open.

Australian stocks have opened flat, with market players sitting on the sidelines ahead of an interest rate decision from the central bank.

The Australian dollar is lower as traders prepare for the release of key Chinese manufacturing data.

Australian stocks have closed flat, with a strong day from the major miners offset by weakness among banking stocks.

Australian shares are higher after Wall Street firmed on economic growth figures in the United States.

The Australian dollar is slightly lower after the release of weaker than expected US economic data.

US stocks have forged higher as weaker-than-expected economic news fuelled hopes the Federal Reserve will continue to keep its foot on the stimulus pedal.

The Australian dollar continued its rebound against the greenback, helped by a positive reaction to key business investment figures.

Australian stocks closed at their lowest level for six weeks, dragged down by a dive in the iron ore price that hit the miners..

Australian stocks have hit a six-week low after the OECD downgraded Australian and world economic growth forecasts, causing mining stocks to tumble.

The Australian dollar gained as much as one US cent in overnight trade after the US dollar fell against all the major currencies.

US stocks closed lower amid concerns about global economic growth and the US Federal Reserve's plans for unwinding its aggressive stimulus program.

The Australian dollar has fallen to its lowest level since October 2011 after the release of stronger US consumer sentiment figures boosted the US dollar.

Australian stocks finished flat despite the big miners coming back into favour amid weakness in the Australian dollar.

Austbrokers Holdings has expanded its insurance underwriting agency business with the purchase of majority shareholdings in Perth-based Lawsons Underwriting Australasia and Melbourne-based Guardian

Australian stocks have opened firmer after strong economic data in the United States resulted in a positive session on Wall Street.

The Australian dollar is lower after another batch of good US economic data cemented hopes of a winding down of economic stimulus measures by the US central bank.

The Dow has closed at a new all-time high after strong gains in US home prices and consumer confidence boosted stocks.

It's not easy seeing economic blue sky when the air is filled with grey clouds, but one well-connected bank reckons we’re being too gloomy in Western Australia and that the ‘new normal’ will be much better than the ‘old normal’.

Australian shares finished slightly higher on Tuesday, stemming the market's five-day run of losses.

Australian shares have opened stronger as investors look to whether the United States will alter its massive economic stimulus program.

The Australian dollar is almost unchanged after a night of quiet trade due to holidays in the United States and Britain.

Europe's stock markets closed on a positive note on Monday as market watchers said investors focused on profit-taking as both the London and New York markets were closed for holidays.

Property owner and manager GPT Group has dropped its $3 billion bid for Australand's commercial and industrial assets.

The Australian dollar has closed below US97 cents for the third straight session as traders continue flocking to the greenback.

Australian stocks closed lower on Monday, adding to a string of losses notched up last week.

Australian stocks have opened weaker, with David Jones among the worst performers after the department store chain posted a decline in third quarter sales.

The Australian dollar has continued to fall due to investor caution and falls in commodity prices.

The 7.3 per cent plunge in Japanese stocks during last week injected needed sobriety into US markets, but they showed a resilience that cheered investors worried about protecting the year's gains.