CompareShares.com.au - Breaking News

7:17pm

Jetstar Pacific backs Vietnam fare move
Jetstar Pacific, a Vietnamese low-cost airline part-owned by Qantas, welcomed the government's decision to allow more flexible pricing on some domestic routes.

7:05pm

Babcock's credit rating hits rock bottom
Ratings agency Standard & Poor's cut its long-term credit rating on Babcock & Brown International to the lowest possible.

6:35pm

Air NZ questions ACCC decision
How come Air NZ can't cooperate with Air Canada on flights to Vancouver when Qantas can work with South African Airways on the uncompetitive Johannesburg route?

6:27pm

Trujillo's pay dominates Telstra AGM
Telstra has defended chief executive Sol Trujillo's $13.4 million annual pay packet, saying the company performed on all financial measures.

5:31pm

$A closes weaker after Wall St decline
The Aussie dollar closed weaker after a sharp decline on Wall St battered risk appetite and pushed the currency to its lowest level in three and a half weeks.

5:08pm

Aussie sharemarket closes nearly 2% up
The Aussie share market performed a surprise turnaround in the last hour of trade to finish in positive territory after four consecutive trading days of losses.

4:59pm

Fortescue shares jump 40 per cent
Shares in Fortescue Metals Group jumped 40 per cent today after the burgeoning iron ore miner announced an increase in exports.

1:48pm

ANZ drops fixed loan rates by up to 1%
ANZ Banking Group has matched National Australia Bank's (NAB) cut to interest rates on fixed home loans, lowering the rates by up to 100 basis points.

12:51pm

Australian dollar lower at noon
The Australian dollar was lower at noon after a weak close on Wall Street pushed the currency below $US0.6100.

12:40pm

Australian stocks lower at noon
The Australian share market was over three per cent lower at noon, with slumping resources and financial stocks extending morning losses.

12:17pm

Stocks to watch
Stocks to watch on the Australian stock exchange at noon.

10:35am

RBA 'profitable' even with $A buying
The RBA will continue to make profit contributions to Treasury coffers, even though it has spent billions buying the struggling Australian dollar, experts say.

10:12am

Two Allco funds continue trading halt
Two funds of Allco, which went into voluntary administration this month, have been granted extensions to the suspension of trading in their securities.

9:24am

Global market rout continues
Global stock markets have plunged as a jump in US jobless figures and fresh rounds of job cuts worldwide deepened fears of recession.

9:21am

Aussie sharemarket to open deep in the red
The Australian sharemarket is expected to open in the red after Wall Street fell overnight again.

7:56am

EU clears guarantees for Fortis, Dexia
European Union regulators approved state guarantees given to Belgium's troubled lenders Fortis Bank and Dexia financial group.

7:52am

Aussie dollar opens weaker
The Australian dollar has opened more than two US cents weaker, hitting a four-week low, on the sharpest fall in Japanese exports since 2001.

7:47am

Oil prices tumble under $US50 a barrel
Oil prices tumbled under $US50 a barrel, as plunging equities and weak US data sparked fresh concern that a worldwide recession could ravage energy demand.

7:26am

Saudi prince ups stake in Citigroup
Saudi Prince Alwaleed bin Talal plans to increase his stake in Citigroup Inc to five per cent and has expressed support for the US bank's management.

6:49am

US jobless claims hit '16-year high'
Initial claims for US unemployment benefits surged last week to a 16-year high, government data showed, as companies lay off workers.

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