Financial Services

Australian banks need to catch up with the rest of the world and make financial transactions faster for customers, Reserve Bank of Australia boss Glenn Stevens says.

The Australian market has opened higher despite weak leads from Wall Street, as buyers took advantage of cheaper resources stocks.

Online finance specialist ThinkSmart has taken a battering from shareholders on two fronts, with a sharp slump in its share price yesterday following a profit warning and a large protest vote again

The Australian share market has fallen into negative territory as concern about the future of the euro zone outweighed earlier positive sentiment about Greece's future witin it.

A mystery illness causing the death of its Yellowtail Kingfish will add at least $17.5 million to Clean Seas Tuna's full year loss.

Electrical and refrigeration company Hastie Group will take a $20 million hit to its full year profit after discovering "deliberate" irregularities in its financial accounts.

The Australian share market treaded water amid continuing uncertainty over a possible Greek exit from the euro zone and disappointing Chinese manufacturing data.

IFS Construction Services is facing its second boardroom battle in two years, after former managing director Scott Williams teamed up with Perth business executives including Justin Walawski and Gr

The Australian share market has opened slightly higher, led by major resources companies after a mixed night on overseas bourses.

US stocks have closed mixed, with a late rally paring losses prompted by increased fears of a Greek euro exit and disappointing earnings from computer maker Dell.

Balcatta construction company Oostveen Pty Ltd, which previously traded as Niche Construction WA and Niche Developments, has been placed into external administration.

Australian stocks tumbled on fresh fears about a possible Greek exit from the euro zone, with all local stock sectors weaker and the Australian dollar touching a six-month low.

The Australian share market opened lower after two days of gains, with losses across most sectors after mixed offshore leads.

US stocks have given up early gains and finished mostly flat as investors dump Facebook shares for a second straight day amid new controversy about the company's $US16 billion IPO.

Union leader Paul Howes wants the federal government to pull banks into line on interest rates by forcing them to match the central bank's rate moves.

The Australian dollar has continued to climb higher, on positive commentary from the euro zone and China.

The Australian share market continued its second consecutive day of recovery from last week's carnage, driven by overnight offshore leads.

Goldfields Credit Union has made its debut Australian Securities Exchange as Goldfields Money, after raising $9 million through an initial public offering.

Australian stocks have opened higher, as market players took their cues from a positive night on Wall Street.

The Australian dollar has headed back above 99.00 US cents amid optimism that a new approach to the euro zone government debt crisis will work.

US shares have racked up strong gains with the Nasdaq adding nearly 2.5 per cent helped by an Apple surge, but Facebook shares flipped below their IPO price on their first full day of trading.

The Australian dollar has rebounded to finish back above US98 cents after its recent big falls to the lowest levels in six months.

Australian stocks closed higher, driven by a rebound in resource and finance stocks, as world leaders reaffirmed they wanted beleaguered Greece to remain in the euro zone.

The Australian share market has started strongly after the 11th worst week on record last week.

A dull debut for Facebook, one of the most heavily anticipated public offerings in years, crowned another down week for United States markets as eurozone instability kept fear levels high among inv

The Australian dollar has plunged to its lowest level in almost six months as concern deepens about the euro zone debt crisis.

Credit markets are already closing as the euro zone debt crisis continues, ANZ chief executive Mike Smith says.