Financial Services

Huge takeovers in the oil and pharmaceutical sectors helped lift the S&P 500 to a record Monday, while the Dow fell shy of a new mark.

The Australian dollar is weaker as a free trade deal with China encourages profit taking.

The share market has closed weaker as a rising US dollar, sputtering Japanese economy and pending changes for the financial system weigh on investor sentiment.

Aurizon's West Pilbara iron ore joint venture has won backing from one of Australia's big four banks, ANZ Banking Group.

Former National Australia Bank boss Cameron Clyne took home almost $6 million during his last 10 months in the job.

Financial Services Council chief John Brogden says a China trade agreement is not enough on its own to open the Chinese market for Australian fund managers.

The Australian sharemarket has opened flat as weakness in banking stocks offsets gains from the resources sector.

The Dow Jones Industrial Average and the S&P 500 each repeatedly broke all-time records over the past week.

The Australian dollar is stronger against the greenback and has reached a seven-year high against the Japanese yen.

Fresh slides in oil prices have put some of Australia's biggest energy players under pressure and pushed the share market to its worst weekly performance in more than a month.

Australia's share market has opened slightly lower, with the major banks lower and the big miners mixed.

The Australian dollar has bounced back from its tumble after the Reserve Bank said it hasn't ruled out intervention to bring the currency lower.

The share market has closed lower for a fourth straight day as banking and energy stocks weighed on the market.

The Reserve Bank of Australia is confident the economy will gradually pick up pace in the next couple of years, with the labour intensive services sector a key driver.

About $5.6 million owed to thousands of Western Australians is lying unclaimed in the Department of Treasury’s register of unclaimed money database, Treasurer Mike Nahan says.

One of Australia's most prominent businesswomen, Westpac chief executive Gail Kelly, is stepping down after seven years at the bank's helm, to be replaced by Brian Hartzer.

Australia's share market has opened flat as the major miners lifted but the big banks weakened.

Wall Street's five-day record run has ended after huge fines for rigging the foreign exchange market sent the shares of three leading US banks tumbling.

The Australian dollar is higher, supported by a weaker yen and a surging New Zealand dollar.

The Australian share market has closed sharply lower, pulled back by weakness among the big banks and the major miners.

Westpac boss Gail Kelly has become one of the country's highest paid executives, with her pay packet swelling to around $13 million.

Commonwealth Bank of Australia chairman David Turner says Australia's largest lender is "cautiously positive" about 2015 financial year.

US stocks have set fresh records for the fifth straight session, but just barely, amid holiday-dampened trade.

The Australian dollar has hit 100 Japanese yen for the first time in 18 months, giving the local currency a leg-up against the greenback.

The share market has closed lower as a broad drop in commodity prices weighed on energy and resources stocks.

The amount of home loan-backed securities held by the Reserve Bank of Australia has increased 25 fold to help banks settle day-to-day transactions.

The Australian share market is flat, weighed down by the mining stocks.

US stock markets have soared to fresh records, but internet broadband carriers were hit hard by President Barack Obama's call for tough net neutrality rules.

The Australian dollar is lower as the greenback regains ground following its post-jobs report slump.

The share market has started the week on a negative note due to falls by the big banks.

Crown Resorts chairman James Packer has appointed banker Robert Rankin to oversee his multi-billion-dollar investment portfolio.

The Australian share market has opened weaker as profit taking dents banking stocks.