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Packer, Murdoch stump up $40m for One.Tel

Billionaire James Packer and Lachlan Murdoch will pay $40 million to settle a long running dispute with One.Tel creditors Telstra and Optus.

Santos LNG projects nearly complete

A flat quarterly production report from Santos has been overshadowed by news its massive LNG projects are nearly completed.

Dick Smith says turnaround is working

Electronics retailer Dick Smith has lifted its third quarter sales and its CEO says further growth is on the horizon.

Woodside could move quickly in Canada

Woodside Petroleum could be forced to move quickly on a growth project on the west coast of Canada after signing a three-year land use agreement.

Inflation expected to rise past 3%

Annual inflation is expected to have risen by 3.2 per cent, above the RBA's two to three per cent target range, an AAP survey shows.

Genesis Energy soars on debut

Genesis Energy's shares have spiked in the immediate aftermath of its listing on the NZX, rising by 18 per cent.

Air cargo class action nears settlement

Airlines at the centre of a class action over alleged price fixing on freight services have agreed to a $38 million settlement.

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Breaking finance news

Packer, Murdoch stump up $40m for One.Tel

PERTH, April 17 AAP 5:34PM James Packer and Lachlan Murdoch have paid $40 million to settle a long running dispute with creditors of the failed telco One.Tel.

$A loses momentum ahead of Easter break

SYDNEY, April 17 AAP 5:35PM The Australian dollar has drifted lower as a boost from speculation of stimulus measures in China wore off, while activity was low ahead of the Easter holiday.

European stocks steady at open

AAP 5:30PM Stocks Europe Open

Third straight day of gains on market

MELBOURNE, April 17 AAP 5:23PM The share market heads into the Easter break with three consecutive days of gains and one per cent off a post-GFC high.

Tokyo stocks close flat

TOKYO, April 17 AFP 5:28PM Tokyo stocks have closed flat, a day after the Nikkei 225 index posted its sharpest rise in two months, while analysts said there were lingering concerns about the impact of this m...

SAP confirms 2014 forecasts after solid Q1

FRANKFURT, April 17 AFP 5:13PM German software giant SAP says it is sticking to its full-year forecasts for 2014 after profits rose slightly in the first quarter.

Santos LNG projects nearly complete

MELBOURNE, April 17 AAP 5:12PM Australia's biggest domestic gas producer Santos is likely to be exporting more than it supplies for local use by 2015.

Currency Snapshot 1700 - April 17

AAP 5:02PM CURRENCY TABLE: Currency snapshot at 1700 AEST

Finance Week for Apr 20 - Apr 26

AAP 4:53PM DIARY OF AUSTRALIAN FINANCE: Sunday, April 20 to Saturday, April 26, 2014.

Aust bonds rise ahead of Easter weekend

SYDNEY, April 17 AAP 4:51PM Australian bond futures prices are higher as investors square their positions ahead of the Easter long weekend.