LATEST FINANCE NEWS

Market Wrap: ASX up, AUD drops, gold falls
17 May 2013 - ASX up, AUD drops, gold falls. WorleyParsons Limited (ASX:WOR) and Wesfarmers Limited (ASX:WES) retreat after issuing profit warnings.

Midday: ASX lifts as miners rebound
17 May 2013 - ASX lifts as miners rebound. Wesfarmers Limited (ASX:WES) warns its Target brand expects full year earnings to shrink by up to 43 per cent.

Outlook: Aus shares set for soft start
17 May 2013 - Aus shares set for soft start. Metcash Limited (ASX:MTS) will buy Australian Truck and Auto Parts Group for $84 million.

Market Wrap: ASX sinks, gold loses sparkle
16 May 2013 - ASX sinks, gold loses sparkle. Kingsgate Consolidated Limited (ASX:KCN) Managing Director and CEO Gavin Thomas gives perspective to the plunging gold price.

Midday: ASX slips as miners stumble
16 May 2013 - ASX slips as miners stumble. Fortescue Metals Group Limited (ASX:FMG) drops as Brockman Mining Limited (ASX:BCK) applies to access its below-rail infrastructure.

Outlook: Aus shares poised for gains
16 May 2013 - Aus shares poised for gains. Rio Tinto Limited (ASX:RIO) gets the green light from the Federal Government to go ahead with its $1.3 billion bauxite mine and port development project in western Cape York.

Market Wrap: Miners dig hole for ASX
15 May 2013 - Miners dig hole for ASX. Federation Centres Limited (ASX:FDC) reports sales growth of 2.4 per cent for the first quarter, owing to its renewed focus on food retailing.

Midday: ASX reverses early gain
15 May 2013 - ASX reverses early gain. Qantas Airways Limited (ASX:QAN) and Emirates receive New Zealand government approval to extend their alliance to trans-Tasman routes.

2013 Federal Budget breakdown
15 May 2013 - Wayne Swan’s sixth budget forecasts a shift from the resource investment boom and into a fresh boom in production and exports, a shift Mr Swan says will shuffle the economy toward wider sources of economic growth.

Outlook: Aus shares set to soar
15 May 2013 - Aus shares set to soar. BHP Billiton Limited (ASX:BHP) chief executive Andrew Mackenzie promises to cut capital and exploration spending by as much as $7 billion annually within the next three years.