Financial Services

The Australian share market has opened lower, led by falls in banking stocks and the big miners.

The Australian dollar has fallen slightly but has managed to stay above 80 US cents because of weakness in the US dollar.

The Australian share market gained nearly 0.7 per cent but it was considered disappointing given the stronger leads provided by European and US markets.

The Australian stock market has opened higher thanks to strong gains in the US and Europe overnight.

The Australian dollar has dropped below US 81 cents after a weak overnight trading session as the US dollar stabilised.

The S&P 500 has bolted to a fresh record high close, led by strong gains in Apple, Facebook and other technology stocks.

The share market fell today, with the Australian dollar surging and investors unwilling to continue Wednesday's post federal budget rally.

South Korean steel giant Posco has sold its 15.2 per cent stake in Sandfire Resources for $129 million.

The stock market has started the day weaker following a strong rally in the Australian dollar and the continued selloff in bonds globally.

The Australian dollar has surged past 81 US cents to an almost four month high on speculation the Federal Reserve could delay raising its interest rate.

Wall Street stocks have finished little changed in choppy trade following a lacklustre US retail sales report and disappointing earnings from Macy's.

The share market has rallied on the back of a positive federal budget, with retail stocks leading the way.

The Australian share market has opened higher, getting a boost from strong gains in retail stocks.

The Australian dollar is higher after there was a positive reaction to Tuesday night's federal budget.

Wall Street stocks have finished lower as worries over higher US Treasury bond yields offset Verizon's $US4.4 billion ($A5.58 billion) takeover of AOL.

The share market has closed higher after five consecutive sessions of heavy losses.

The Australian share market has opened higher, despite a weak lead from Wall Street.

The Australian dollar remains under pressure from the People's Bank of China's (PBoC) third interest rate cut in six months.

US stocks have finished lower, snapping a two-day surge in equities as investors eyed tough negotiations between Greece and international creditors.

The Australian share market gave up its early gains to close lower, and has not had a positive day in a week.

The Australian share market has opened higher, following gains on Wall Street at the end of last week.

The Australian dollar is higher after the release of solidy US employment figures as traders wait for the release of local economic data on Monday.

The share market has finished weaker for the third straight day as the Reserve Bank's monetary policy statement took the shine off banking stocks and falling crude oil prices belted energy stocks.

The Reserve Bank of Australia has refused to rule out further interest rate cuts amid concerns about slowing Chinese growth and weak business investment in Australia.

Macquarie Group has lifted its full-year profit 27 per cent, beating both market expectations and its own guidance.

The Australian share market has opened higher following overnight gains on Wall Street.

The Australian dollar is lower as the US dollar bounces back from its recent lows and after commodity prices lost ground overnight.

US stocks have pushed higher as oil prices cooled and Chinese e-commerce giant Alibaba soared on strong sales.

The major banks have driven the share market lower, extending its losses from Wednesday when it recorded its biggest one-day fall in two years.

Former federal Treasury secretary Ken Henry will take the helm of National Australia Bank’s board when chairman Michael Chaney retires at its next annual general meeting in December.

Boutique Subiaco-based technology company Velpic has signed a $5.2 million deal to finance international growth plans, as part of a reverse takeover by east coast-based International Coal.

Prime Minister Tony Abbott has denied reports he was told coalition MPs want Treasurer Joe Hockey dumped if next week's federal budget flops with voters.