Financial Services

Australian stocks closed higher led by the major banks as Cyprus struck a bailout deadline-day deal with the European Central Bank.

The Australian share market has opened higher as investors await the outcome of talks over Cyprus's debt bailout.

The talk on Wall Street shifted last week from the pursuit of record highs to the future of the eurozone after the Cyprus banking crisis took centre stage.

Cedar Woods director Robert Brown has sold off just over $4.7 million shares in the company.

 Australian shares closed slightly higher after solid gains for the major banks offset weak overseas leads.

Former premier-turned lobbyist Brian Burke has appeared in court again, to face four charges related to insider trading.

The Australian market has opened lower as the European Central Bank sets a deadline for its Cyprus bailout.

The Australian dollar has risen to a six-week high following the release of strong economic data from China.

US stocks have closed lower on uncertainty over the Cyprus banking crisis and some surprisingly weak corporate earnings.

Investor Craig Burton and Navitas executive Scott Jones have backed a restructurting at Verus Investments, which has announced a capital raising and a new managing director to support its oil &

The Australian share market has closed lower after being buffeted by speculation over the Labor leadership.

Commonwealth Bank is free to seize control of independent mortgage provider Aussie Home Loans after the competition watchdog gave its blessing to the deal.

 Australian stocks have opened firmer, with the big retail banks and major energy companies leading the broader market higher.

US stocks have recorded solid gains as the Federal Reserve held steady on its policy of economic stimulus.

West Africa-focused Papillon Resources has successfully raised $52.9 million through an institutional placement, with proceeds to fast track the development of its Fekola gold project.

The recovering property sector in Western Australia has helped to drive credit union Community CPS Australia to a $13.1 million first-half net profit.

Australian stocks have opened 0.75 per cent weaker, with the big miners leading the broader market lower.

 US stocks closed mixed on Tuesday, holding on as the Cyprus financial crisis threatened to ignite more turmoil across the European financial system.

The Australian dollar is higher after the currency recovered from yesterday's fall, while taking a string of public comments from the Reserve Bank of Australia in its stride.

Australian stocks have closed lower for a second straight day after giving up early gains during afternoon trading.

The Australian share market has opened higher amid views that investors over-reacted to Europe's debt problems with heavy sell-offs yesterday.

The twin villains of Australian businesses in recent years - the high dollar and increased household savings - have saved the economy from overheating and spared consumers from outsized price hikes

US stocks have fallen for a second straight day as the Cyprus banking crisis sent jitters through markets.

The Australian dollar has closed flat, with the currency finding support despite fresh jitters from Europe stemming from a proposed Cyprus deposit levy.

The Australian share market lost two per cent as spooked investors sold off local stocks amid bailout plans for Cyprus.

Treasurer Wayne Swan believes the challenge for this year's federal budget will be weaker revenues.

Australia's corporate regulator has proposed further rules on trading in dark pools, but described public concerns over high frequency trading as overstated.

The Australian market has fallen by almost 1.5 per cent due to concerns about a bailout of Cyprus and falls on Wall Street.

Hefty credit card surcharges could be on the way out after Visa became the first company to ban Australian retailers from slapping on the fees.

US markets have taken a needed pause after a relentless 10-day run, marked by the Dow setting new records for eight straight sessions.

The Australian dollar is slightly higher, holding on to the gains made on Thursday after the release of stellar jobs figures.

The Australian share market bounced back on Friday as traders decided the economy is doing better than a preceding three-day run of losses would suggest.