Finance

WA miners raise $39m

Five small and mid-cap miners including Papillon Resources, Coalspur and Condoto Platinum have raised a total of $39 million in new capital to support operations that stretch from West Africa to Canada.

Westpac hints at undersized rate cuts

Westpac boss Gail Kelly became the latest bank executive to try to soften up the public to the prospect of banks not passing on the central bank's expected interest rate cuts next week.

$A trades in tight range ahead of jobs data

The Australian dollar eased back below 107 US cents after trading within a tight range as the market awaited key jobs data from the US. At 1700 AEDT, the Australian dollar was trading at 106.88 US cents, down from 107.16 cents.

Shares sink ahead of US data

Australian shares edged lower to a weaker finish as investors remained cautious ahead of the release of key US employment data.

Shares flat on mixed leads

Australian shares have opened largely flat on the back of mixed leads from overseas.

$A falls away from three-month high

The Australian dollar is slightly lower, backing away from the three-month high reached yesterday. At 0700 AEDT, the Australian dollar was trading at 107.09 US cents, down from 107.17 cents yesterday afternoon.

Jobs fears leave US stocks mixed

US stocks have ended the session mixed after weekly jobless claims fell, but Federal Reserve chief Ben Bernanke told congress the jobs market had a long road to recovery. The Dow Jones Industrial Average on Thursday shed 11.05 points (0.09 per cent) to finish at 12,705.41.

WA racks up $60bn of finance deals

Corporate finance deals launched or completed in Western Australia during 2011 were worth a whopping $59.8 billion, a survey by WA Business News has found.

Dollar rallies to fresh three-month high

A renewed appetite for more riskier currencies, sparked by encouraging manufacturing data in Germany, the US and China, took the Australian dollar to a fresh three-month high. The rally led the local upwards by one US cent to its best close since early November, traders say.

Westpac cuts 410 jobs, sends 150 to India

Westpac Banking Corporation is poised to axe more than 400 jobs and send another 150 offshore in the latest round of job cuts at the big banks.

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