$A slightly weaker, helped by RBA remarks

The Australian dollar is only slightly lower with traders preferring to focus on optimistic comment from the Reserve Bank governor rather than disappointing housing figures. Meanwhile, the Australian bond market was weaker.

  • Qantas strikes new wage deal with pilots AAP - 37 minutes ago
    Qantas strikes new wage deal with pilots

    Qantas long-haul pilots have backed plans for an 18-month pay freeze, putting the airline a step closer to expanding its fleet of hi-tech Dreamliner planes. The pay freeze was part of a new wages deal which was backed by 82 per cent of 1,165 pilots who voted in an electronic ballot that closed on Thursday. The deal includes annual three per cent pay increases once the pay freeze lifts.

  • Alinta to close SA power stations sooner AAP - 46 minutes ago
    Alinta to close SA power stations sooner

    Alinta Energy has brought forward the deadline for the closure of its power stations in South Australia. In June, the company announced the closure of the two Port Augusta stations and the Leigh Creek coal mine as early as March next year, but definitely by March 2018. The later deadline has now been brought forward to March 2017, the Port Augusta City Council says.

  • Qantas pilots back pay freeze deal AAP - 47 minutes ago
    Qantas pilots back pay freeze deal

    Qantas is closer to buying a fleet of Boeing 787-9 Dreamliner aircraft after most of its long-haul pilots agreed to an 18-month pay freeze as part of a new wage deal. The deal, which was backed by 82 per cent of 1,165 pilots who voted in an electronic ballot, includes annual three per cent pay increases once the pay freeze lifts. The airline's ability to strike new pay deals and wage freezes with its staff is understood to be a key factor behind whether Qantas finally decides whether to buy the new fleet of Dreamliners later this year.

  • Iron ore price surge boosts Aust market AAP - 1 hour 5 minutes ago

    The Australian share market has closed higher after a bounce in the iron ore price. With the Chinese port iron ore price up by $US2 to $US52 a tonne overnight and a jump in international oil prices, key mining and energy stocks were the clear winners locally on Thursday, Patersons Securities investment analyst Ishan Dan said. Mr Dan said gains in US stocks on Wednesday after the Federal Reserve left the door open for its first interest rate increase in almost a decade would have boosted the Australian market in early trade.

  • Data may surprise some at RBA AAP - 1 hour 7 minutes ago

    The Reserve Bank is widely expected to leave the cash rate unchanged when its board meets next week, but new figures may have raised a few eyebrows among its members. The home building boom, which has become the lifeblood for the economy to fill the shoes of the once-rampant mining sector, produced some unsettling numbers at first glance on Thursday. "While new home building has likely already peaked, we expect it will remain at a very high level in the 2015/16 financial year," Housing Industry Association economist Diwa Hopkins said.

  • Race card mars China FTA debate AAP - 1 hour 12 minutes ago
    Race card mars China FTA debate

    Labor and the coalition have accused each other of racism as debate heats up over the China free trade agreement. Prime Minister Tony Abbott used a speech to an Asian financial forum in Sydney on Thursday to attack Labor for trying to scupper the deal when it is voted in parliament, describing it as "xenophobic short-term politics". "It will cost Australian families jobs," he told reporters in Sydney.

  • Bonds weaker as stocks gain more ground AAP - 1 hour 16 minutes ago

    The Australian bond market has suffered a third day of losses as Asian and Australian stocks improved for another session. Early in the day, the US Federal Reserve indicated it was inclined to raise its interest rate if the economy continues to pick up but gave no hint of when that may be. Nomura head of macro products Jon Linton said bond markets in Australia ignored the Fed statement and instead focused on improving investor confidence in Asia.

  • More businesses agree to end 'opt out' pricing Newstalk ZB - 1 hour 42 minutes ago

    More New Zealand businesses have agreed to end ‘opt out’ pricing.

  • Novogen to review pre-clinical programs AAP - 1 hour 47 minutes ago

    Cancer drug developer Novogen is reviewing its research programs so it can focus its limited resources on those with the most potential. Acting chief executive Iain Ross says Novogen is in solid shape, but it cannot realistically fully resource all its development programs through to market approval and launch. Mr Ross said Novogen did not rule out securing partners to help fund and develop its research programs, but mergers and acquisitions were not among its plans.

  • Stocks to watch on Thursday AAP - 1 hour 49 minutes ago

    Stocks to watch on the Australian stock exchange at close on Thursday, July 30: ALQ - ALS - up 17.00 cents, or 3.20 per cent, at $5.48 Testing and laboratory services provider ALS expects a fall in half ...

  • Aust shares close higher AAP - 1 hour 56 minutes ago

    The Australian share market has closed higher, with the big miners boosted by a rise in commodity prices. At the close on Thursday, the benchmark S&P/ASX200 index was 45.3 points, or 0.81 per cent, higher ...

  • Budget boosts small business confidence AAP - 3 hours ago

    Confidence among small- and medium-sized enterprises (SME) has improved a little, helped by the small business measures in the May federal budget, a National Australia Bank survey shows. The budget measures included an increase in the instant asset write-off to $20,000, effective from budget night, from the previous threshold of $1,000.

  • Public servant wage deals outpace private AAP - 3 hours ago

    Subdued inflation and record low wages growth appear to be curbing enterprise bargaining deals in the private sector, but not so for public servants. Department of Employment data released on Thursday shows the average annualised wage increase for agreements approved in the March quarter eased 0.3 percentage points to three per cent for private sector workers but rose to 3.7 per cent from 3.5 per cent in the public sector.

  • Andrew Forrest applauds Aus-China FTA AAP - 3 hours ago
    Andrew Forrest applauds Aus-China FTA

    Billionaire mining magnate Andrew Forrest has thrown his weight behind the Australia-China Free Trade Agreement in the face of a union-led advertising campaign calling for changes to the bilateral deal. The Fortescue Metals Group chairman on Thursday hit out at the anti-FTA ad campaign run by the Construction, Mining, Forestry and Energy Union (CFMEU) which fears the agreement could hurt Australian workers. Mr Forrest said he didn't believe the ads reflected the truth of the FTA.

  • Polarised responses to Kimberley fracking AAP - 3 hours ago

    Responses to the official opening of Buru Energy's Ungani oilfield in Western Australia's Kimberley region have been polarised, with anti-fracking groups speaking out against the project. But WA's Chamber ...

New Zealand Markets

Company Finances

  • Oculus' debuts virtual reality film 'Henry' Associated Press - Wed, Jul 29, 2015 1:14 PM NZST
    Oculus' debuts virtual reality film 'Henry'

    Oculus is hedging its bets that an adorable critter named Henry can help convince consumers — and Hollywood — about the viability of virtual reality as a storytelling medium. The VR company, which Facebook ...

  • Volkswagen sold more vehicles than Toyota in first half Associated Press - Wed, Jul 29, 2015 2:11 AM NZST
    Volkswagen sold more vehicles than Toyota in first half

    Volkswagen overtook Toyota in global vehicle sales for January-June, the first time the German automaker has come out top in the intensely competitive tallies. Japanese automaker Toyota Motor Corp. said ...

  • Mike Tyson stepping into the bitcoin ring CNBC - Wed, Jul 29, 2015 1:18 AM NZST
    Mike Tyson stepping into the bitcoin ring

    Mike Tyson is part of a new venture to bring bitcoin ATMs to Las Vegas.

  • Reynolds American beats 2Q profit forecasts Associated Press - Wed, Jul 29, 2015 12:05 AM NZST
    Reynolds American beats 2Q profit forecasts

    Reynolds American reported a surge in second-quarter profit with cigarette prices and volume rising. The nation's second-biggest tobacco company topped Wall Street profit expectations, boosted its profit ...

  • Fiat Chrysler to pay record fine AAP - Mon, Jul 27, 2015 8:05 PM NZST
    Fiat Chrysler to pay record fine

    Car maker Fiat Chrysler will pay a record $US90 million ($A123.74 million) fine for lapses in recalls of its vehicles under a deal reached with US regulators. The Italian-American car maker will pay a $US70 million fine to the National Highway Traffic Safety Administration and spend a further $US20 million on consumer outreach activities, the company said in a statement issued on Monday.

  • Latin food can be health food, too: Goya chief CNBC - Sun, Jul 26, 2015 4:00 AM NZST
    Latin food can be health food, too: Goya chief

    As part of a broad global expansion, Goya Foods is aiming to keep a hold on the Hispanic food market while capturing the broader population.

  • Japanese automaker Mitsubishi Motors to end US production Associated Press - Sat, Jul 25, 2015 8:47 AM NZST
    Japanese automaker Mitsubishi Motors to end US production

    Mitsubishi Motors confirmed Friday that it plans to stop production at its only U.S. factory and sell the plant in central Illinois that has more than 1,200 workers. The Japanese automaker reviewed its ...

  • Non-Mormon faux holiday 'Pie and Beer Day' gains traction Associated Press - Sat, Jul 25, 2015 8:18 AM NZST
    Non-Mormon faux holiday 'Pie and Beer Day' gains traction

    Most people are gathering Friday in Utah to celebrate the state's Mormon heritage at Pioneer Day parades featuring floats, carriages and women in prairie dresses. But many non-Mormons will be enjoying ...

  • Farmers restocking their flocks as bird flu winds down Associated Press - Sat, Jul 25, 2015 7:05 AM NZST
    Farmers restocking their flocks as bird flu winds down

    Three months after bird flu wiped out two of Greg Langmo's flocks, he's among the first to start growing turkeys again. He lost half of a year's normal production and income and won't be able to sell turkeys ...

  • Fallout from Uber deal keeps tensions high at NYC City Hall Associated Press - Fri, Jul 24, 2015 9:56 AM NZST
    Fallout from Uber deal keeps tensions high at NYC City Hall

    The deal that, for now, decided the ride-hailing behemoth Uber's future in New York City began with a phone call to Rome. City Council Speaker Melissa Mark-Viverito on Tuesday called Mayor Bill de Blasio, ...