Category Archives: Finance

$A wins respite as China defends the yuan

$A wins respite as China defends the yuan

The Chinese central bank’s moves to stabilise the yuan have given a boost to the Aussie dollar. Wayne ColeReutersAugust 6, 20182:06pm The Australian dollar had a firm

Job advertisements rise 1.5% in July: ANZ

Job advertisements rise 1.5% in July: ANZ

The latest ANZ Job Ads survey shows a rise in positions vacant in July, turning around a fall in June. Wayne ColeReutersAugust 6, 20184:01pm Australian job ads in newspaper

CBA FY cash profit drops 5% to $9.23b

CBA FY cash profit drops 5% to $9.23b

Commonwealth Bank has announced a decline in annual profit after being hit by a massive AUSTRAC penalty and compliance provisions. Lilly VitorovichAustralian Associated Pre

John Cootes closure will cost 135 jobs

John Cootes closure will cost 135 jobs

John Cootes Furniture, which has stores across NSW and the ACT, is being closed by its owners after they failed to find a committed buyer. Australian Associated PressAugust

Domino’s shares slide on earnings miss

Domino's shares slide on earnings miss

Domino’s Pizza has reported weaker-than-expected earnings growth, prompting investors to hammer the stock more than 13 per cent. Lilly VitorovichAustralian Associated

USD holds near 13-month peak amid turmoil

USD holds near 13-month peak amid turmoil

Turkey’s continuing currency woes and new concerns about China are keeping the US dollar its strongest level in more than a year. By Shinichi SaoshiroReutersAugust 16

Origin profit up, signals dividend return

Origin profit up, signals dividend return

Energy giant Origin has more than doubled underlying profit thanks to improved results from its retail and gas export operations. Australian Associated PressAugust 16, 2018

Telstra profit drops, warns of more pain

Telstra profit drops, warns of more pain

Telco giant Telstra has warned of more challenges over the coming financial year while posting a profit drop of 8.4 per cent to $3.56 billion. Benita KolovosAustralian Asso

Link Group shares jump on FY profit surge

Link Group shares jump on FY profit surge

A year of expansion has helped boost Link Group’s bottom line and shares in the funds administrator have surged to a three-month high. Peter TruteAustralian Associate

Cutting back on work not an option: Musk

Cutting back on work not an option: Musk

Tesla boss Elon Musk says cutting back on his 120-hour work week isn’t an option in response to a tweet from the founder of the Huffington Post. Associated PressAugus

Compo payout cuts AMP profits by 74%

Compo payout cuts AMP profits by 74%

The scandal-plagued financial service company AMP has reported a first half profit drop of 74 per cent. James HallAustralian Associated PressAugust 8, 201812:14pm AMP’

Suncorp sells life insurance arm for $725m

Suncorp sells life insurance arm for $725m

Suncorp will sell its life insurance business more than a year after announcing it was looking to exit the unit. ReutersAugust 9, 201810:09am Suncorp has entered an agreeme

Suncorp soars on second-half rebound

Suncorp soars on second-half rebound

Suncorp’s profit has dropped 1.5 per cent, hit by lower revenue and rising costs. Peter TruteAustralian Associated PressAugust 9, 20184:23pm Suncorp shares have jumpe

Wesfarmers sells Kmart auto unit for $350m

Wesfarmers sells Kmart auto unit for $350m

Conglomerate Wesfarmers has agreed to sell its Kmart tyre and auto services business to Germany’s Continental for $350 million. Australian Associated PressAugust 13,