Financial Services

European stock markets and the euro have rebounded as investors cheer positive company earnings and react to news of thousands of job cuts at Swiss bank UBS, despite a lull in trading caused by the

The Australian market finished slightly higher as the closure of Wall Street due to superstorm Sandy led to subdued local trading.

Commonwealth Bank chairman David Turner says the bank expects demand for credit to remain subdued this financial year amid economic uncertainty around the world.

The Australian market has opened marginally higher amid quiet trading with Wall Street closed because of Hurricane Sandy.

US stock markets are closed as Hurricane Sandy nears landfall on the heavily populated east coast and parts of New York City's financial district were evacuated.

The Australian dollar has been boosted by better than expected US economic growth figures that helped turn around market sentiment.

Internet service provider iiNet has secured $330 million in debt finance with a syndicate comprising Australia's big four banks.

The Australian share market closed a touch higher as investors sold off shares ahead of some major annual general meetings this week.

The Australian market has opened higher as investors correct a late sell off before the weekend.

More reports of falling earnings and slashed forecasts sent US stocks lower for another week, with uncertainty over the November 6 election and what will follow, policy-wise, increasingly holding i

The Australian dollar has closed weaker in-line with regional market and currency performances, and ahead of a crucial reading for US growth.

The Australian share market has closed lower on fears that US markets will react badly to the latest earnings figures from iPad and iPhone maker Apple.

Job cuts and lower costs helped investment firm Macquarie Group overcome subdued financial markets to increase its first half profit.

Self-funded retirees, who don’t subscribe to the theory of staying fully invested in the market, may find comfort in the views of Felix Stephens, head of strategy and research at Advance Asset Mana

Australian stocks opened flat after mixed leads from Wall Street and European markets.

US stocks have made modest gains as durable goods orders and weekly unemployment claims came in better than expected and Procter & Gamble earnings beat forecasts.

The Australian dollar has hit a one-week high, amid increased optimism about the Chinese economy and reduced expectations of further domestic interest rate cuts.

The Australian market has closed marginally higher on a day defensive stocks shone.

Australian stocks have opened higher, with local market players looking past a weak lead from Wall Street.

ANZ Banking Group has posted a record $5.66 billion full year profit as it grew earnings from its domestic and international operations.

US stocks have closed lower, unable to hold on to earlier gains amid weak corporate earnings and after the Federal Reserve left policies on hold as expected.

The Australia dollar jumped in response to a larger than expected rise in inflation, but ended the session weaker.

Global insurer QBE expects to achieve modest premium growth this financial year.Chief financial officer Neil Drabsch said QBE expected premium growth in the low single digits this year.

Australian stocks managed to avoid some of the heavy falls experienced on Wall Street, but the local sharemarket still finished 0.8 per cent lower.

Australian stocks have opened 0.7 per cent lower, outperforming the sharp declines from offshore markets during the overnight session.

Poor earnings and forecasts from major US industrial firms have added to a global markets downturn to send US stocks plummeting, with DuPont losing 9.1 per cent on its earnings plunge.

The Australian dollar is marking time ahead of the release of key inflation data.

The Australian share market closed almost unchanged, as investors awaited key manufacturing data from China and more news on company earnings in the United States.

The Australian share market has opened flat.

A diminished sales forecast by industrial bellwether Caterpillar has clouded stocks, but a last-minute burst of buying pushed the Dow and S&P 500 barely back into the black for the session.

The Australian dollar is a third of a US cent lower as rising expectations of an interest rate cut in November put pressure on the currency.

Australian stocks have closed more than half a per cent lower, with the resources sector worst hit on a day of broad-based declines.