Australia Markets closed

Melbourne Cup: The race that stops a nation...spending

Consumers kept their hands in their pockets - literally - on Melbourne Cup day.

  • Finance
    Australian Associated Press

    Miners push ASX higher despite banks' drag

    Despite a sluggish day from the banks, the Australian share market has closed higher after an afternoon rally led by the materials sector.

  • Finance
    Australian Associated Press

    NAB CEO to take break around RC report

    NAB chief executive Andrew Thorburn will take about two months leave around the scheduled release of the findings of the financial services royal commission.

  • Jetstar faces $1.95m fine for refund claim
    Finance
    Australian Associated Press

    Jetstar faces $1.95m fine for refund claim

    The ACCC wants Qantas-owned Jetstar to pay a $1.95 million penalty for misleading some customers over their right to a refund.

  • Clearance rates could surpass 2011 lows
    Finance
    Australian Associated Press

    Clearance rates could surpass 2011 lows

    Auction activity in the capital cities is winding down as expected for Christmas, but clearance rates could fall even further than lows last seen in 2011.

  • Finance
    Australian Associated Press

    BHP to pay $US5.2bn in special dividend

    Having completed a major buyback, BHP is handing back the last of the $US5.2 billion from the sale of its onshore US assets through a special dividend.

  • Finance
    Australian Associated Press

    Rio Tinto completes French smelter sale

    Rio Tinto has completed the $500 million sale of its French aluminium smelter, freeing up yet more cash it says will be returned to shareholders.

  • Austal to build two more US Navy ships
    Finance
    Australian Associated Press

    Austal to build two more US Navy ships

    Perth-based shipbuilder Austal has been contracted to build its eighteenth and nineteenth US Navy combat vessels.

  • Finance
    Australian Associated Press

    Domain expands commercial property focus

    Domain has agreed to buy commercial property digital listings platform CommercialView.com.au in a deal worth between $4 million and $17.2 million.

  • Finance
    Australian Associated Press

    AAP Markets Report December 17

    Movements on overseas markets.

  • Finance
    Australian Associated Press

    Wall St tumbles on global growth worries

    US stock markets have fallen after weak data China and Europe revived concerns of a global economic slowdown.

  • Aussie markets tipped to open in the red
    Finance
    Australian Associated Press

    Aussie markets tipped to open in the red

    The Australian Stock Exchange is tipped to fall when trade resumes on Monday thanks to worry over the global economy and dour economic data from China.

  • Paris police scuffle with protesters
    Finance
    Australian Associated Press

    Paris police scuffle with protesters

    Security forces in Paris have clashed with 'yellow vest' demonstrators near the Champs-Elysees boulevard in another weekend of protests.

  • Finance
    Australian Associated Press

    Wall St tumbles on global growth worries

    US stock markets have fallen after weak data China and Europe revived concerns of a global economic slowdown.

  • Finance
    Australian Associated Press

    Stocks to watch

    Stocks of interest at the close of trade on the ASX on Friday, December 14.

  • Finance
    Australian Associated Press

    Aust market down amid broad-based sell-off

    Australian shares dipped further at the close, with the heavyweight financial sector as well as energy stocks dragging.

  • CBA changes tack and signs up to Apple Pay
    Finance
    Australian Associated Press

    CBA changes tack and signs up to Apple Pay

    Commonwealth Bank has signed up to Apple Pay, ending ANZ's two-and-a-half-year run as the only big four bank in Australia to offer the service

  • Finance
    Australian Associated Press

    API offers $727m for Sigma Healthcare

    Drug distributor Australian Pharmaceutical Industries has offered about $727 million to buy all of rival Sigma Healthcare.

  • Finance
    Australian Associated Press

    Wesfarmers nabs M&A expert for board

    Wesfarmers has appointed a mergers and acquisitions expert to its board as it looks for opportunities after offloading Coles and exiting the UK hardware market.

  • Finance
    Australian Associated Press

    CIMIC announces another 10% share buyback

    Engineering firm CIMIC has announced a buyback of 10 per cent of its shares over the next year, the fourth year in a row it has done so.

  • CSR boss Rob Sindel set to quit in 2019
    Finance
    Australian Associated Press

    CSR boss Rob Sindel set to quit in 2019

    CSR boss Rob Sindel will quit within 12 months after a period that has seen the company's share price halve and its troubled glass business put up for sale.

  • Finance
    Australian Associated Press

    Nine makes ASX100, Harvey Norman dropped

    Nine Entertainment's merger with Fairfax Media has lifted the company into the top 100 on the ASX, with Harvey Norman one of two firms to make way.

  • Finance
    Australian Associated Press

    AAP Markets Report December 14

    Movements on overseas markets.

  • Finance
    Australian Associated Press

    Banks, miners lift ASX despite telco slump

    The Australian share market is higher despite telco stocks weighing amid ACCC concerns over the merger of Vodafone Australia and TPG Telecom.

  • Aurizon railway workers plan to strike
    Finance
    Australian Associated Press

    Aurizon railway workers plan to strike

    Coal shipments from BHP Billiton, Glenore, Anglo American and Peabody Energy could be delayed after Aurizon railway workers voted to strike.