Financial Services

Qantas Airways will spend $100 million to buy back about four per cent of its issued stocks in a move to strengthen its dwindling share price.

US stocks tumbled on Wednesday as President Barack Obama challenged Republicans to accept tax increases for the wealthy in a deal to avert the year-end fiscal cliff.

The Australian dollar is almost half a US cent higher on improved consumer sentiment and weakness in the greenback.

The Australian market ended a four-day run of losses to close higher, driven by large financial sector stocks.

The Australian market was flat in early trade in the absence of any clear offshore leads.

US stocks closed lower on Tuesday as worries about Greece's debt crisis and the US "fiscal cliff" took the shine off strong quarterly results from home-improvement giant Home Depot.

The Australian share market has closed sharply lower after its biggest one-day fall in four months.

Australia's business sector has weakened further in the last quarter of 2012, with a survey showing conditions slumping to their lowest point in more than three years, and lending finance up for th

Australian shares opened slightly lower following lacklustre trading on European markets and Wall Street.

US stocks closed flat on Monday as persistent fears about the looming "fiscal cliff" of spending cuts and tax hikes at year-end cast a cloud over encouraging China trade data.

Australian shares have closed lower, dragged down by weakness in the mining and energy sectors.

The federal government has appointed Chris Jordan as commissioner of taxation for a seven-year term starting in January 2013.

Shares in global insurer QBE have fallen sharply after the company downgraded its earnings expectations in the wake of superstorm Sandy in the United States.

A rise in monthly home loan data shows Australians are beginning to take advantage of interest rate cuts.

The corporate watchdog has launched a campaign to reunite Australians with $677 million in unclaimed money.

The Australian market opened lower as investors waited for signs that the US would be able to avoid the looming fiscal cliff.

US stocks ended a roller-coaster week lower, hitting a big election-day rally Tuesday only to plunge after President Barack Obama defeated Republican challenger and Wall Street ally Mitt Romney.

The Australian dollar is higher after Chinese economic data showed strong growth in the country's retail sector.

The Australian share market closed lower, with negative global headwinds reducing investors' risk appetite.

The value of Western Australia's listed companies continued to rise in October, despite mixed global sentiment, a new report says.

Prime Minister Julia Gillard stands by forecasts for the budget to return to surplus but says she is concerned about the implications for the Australian economy from the "fiscal cliff" in the Unite

Bank of Queensland's chief executive was paid $1.8 million, including a half million dollar bonus, in the same year the company made a loss.

The settlement of a class action against the National Australia Bank relating to the bank's heavy losses over toxic subprime home loans in the United States sends an important message to corporatio

Australian shares opened lower with the mining giants and most of the major banks posting falls.

US stocks have sunk in a second day of losses following President Barack Obama's re-election victory, trimming another one per cent after Wednesday's huge rout.

The Australian dollar is half a US cent lower despite better than expected local jobs numbers, as negative market sentiment took hold after the re-election of US President Barack Obama.

The Australian share market closed 0.7 per cent lower today, following steep falls on Wall Street.

Australian stocks are more than one per cent lower as weakness in the finance and resources-linked sectors lead broad-based declines.

US stocks have tanked more than two per cent after President Barack Obama's re-election victory set up a tough battle with Republicans over the looming "fiscal cliff".

The Australian dollar rallied to a fresh six-week high on news US President Barack Obama had won a second term in office.

Australian stocks finished 0.7 per cent higher, and the Australian dollar recorded solid gains, as US President Barack Obama's victory sparked a late afternoon rally.

Australian stocks are slightly higher after positive leads from Europe and Wall Street.