Financial Services

The Australian share market finished almost one per cent stronger after a sharp slowing in China's inflation rate boosted resources stocks.

The Australian share market has opened higher following Wall Street's strong positive lead and on optimism that Greece has secured enough support for its debt-swap deal.

Credit card providers are charging exorbitant interest rates at four times the level of the central bank's cash rate, RateCity says.

The US stock market has posted substantial gains as Greece closes in on a deal to restructure its debt and avoid a default.

The Australian dollar has proven resilient after the release of weak local jobs data, helped by optimism that the Greek government re-financing operation will prevent a debt default.

The Australian share market closed stronger after three consecutive days of losses on views that there is a reduced likelihood of a Greek debt default and solid US private sector job numbers.

The Australian share market has opened slightly higher, following the US and European overnight lead.

The Australian dollar is almost a third of a US cent higher as global stock markets rebound after several days of sharp falls.

US stocks rebounded on Wednesday after Tuesday's rout, with investors encouraged by US jobs data and signs that Greece was likely to make Thursday's deadline to seal a crucial debt write-off deal.

The Australian dollar was three-quarters of a US cent lower on Wednesday after the release of economic growth figures that were much weaker than expected.

The Australian share market finished firmly lower after battling headwinds on all fronts, with negative offshore leads, concerns about Greece's debt woes and disappointing Australian gross domestic

The Australian share market has opened sharply lower, after US markets suffered their biggest losses since November, on more worries over Europe.

US stocks registered their biggest losses of the year on Tuesday amid worries about the looming Greek debt swap deal and slowing growth in the global economy.

The Australian dollar has dropped over three-quarters of a US cent after the Reserve Bank of Australia indicated that it is open to more interest rate cuts.

The Australian share market closed firmly in the red after weaker base metals prices and a downwards revision of China's economic growth target weighed on mining stocks.

The Reserve Bank of Australia has kept the cash rate at 4.25 per cent after its March board meeting, citing improved economic conditions.

Westpac Banking Corporation has confirmed plans to send 119 technology jobs overseas to cut costs.

The Australian share market has opened more than half a per cent lower.

The Australian dollar has fallen almost half of a US cent as global markets reacted to China's reduced growth target.

US stocks have fallen on worries about the slowing global economy after China lowered its growth estimate eclipsed positive numbers on the US services sector.

The Australian dollar rose 0.3 of a US cent in the absence of any major market-moving data, by contrast to what has otherwise been a volatile week.

The Australian stock market closed higher after a positive lead from Wall Street, shrugging off higher unemployment levels in Europe.

Entrust Private Wealth Management has announced a merger with Finovia, a Melbourne-based funds manager backed by the private investment arm of the Wyllie family.

The Australian stock market opened higher this morning, led by the big miners after strong gains in the US overnight.

The Australian dollar has risen as demand grew around European bonds.

ta and a key ruling for the pending Greek debt write-off that had boosted the Dow back above the 13,000 line.

The Australian dollar lost ground as strong demand for the US dollar overshadowed domestic capital expenditure data.

The Australian share market closed lower as cautious investors searched for an elusive lead.

Australian stocks market opened nearly one per cent lower this morning following Wall Street's lead where US markets tumbled following the Federal Reserve chairman's address to Congress.

Economists expect the reserve bank will keep the cash rate steady at its next meeting, citing comments suggesting its benign view of domestic and global conditions.

The Australian dollar has fallen after rising to its highest levels in nearly three weeks.

The Nasdaq composite index briefly touched 3,000 on Wednesday for the first time since the collapse in dot-com stocks more than a decade ago.