Stock Market & Financial News - Trading Room

Iluka earnings to fall

Mineral sands miner Iluka says earnings are set to fall but prices for its commodities have stabilised.

Gina tops 200 list for 3rd year

Mining magnate Gina Rinehart is still our richest person despite losing $7 billion in wealth as the mining boom slows.

BMA mines ignoring Qld locals: union

A union says BHP Billiton Mitsubishi Alliance is ignoring local workers by flying in staff from major cities to work at two new Queensland coal mines.

Liquidators apply to freeze Tinkler assets

Liquidators have moved to freeze the assets of struggling businessman Nathan Tinkler and those in his wife and family's name.

Consumers get gloomy about the budget

A monthly Westpac survey suggests the federal budget prompted Australian consumers to feel negative about the economy.

Myer posts another small rise in sales

Sales at Myer increased slightly in the three months to April, as the company says it is cautious about the outlook for the retail sector.

KKR to sell Seven West stake

UK private equity firm KKR has cut its ties to Seven after an almost seven-year period by selling its entire 12pc stake.

Australian reports

• Aust markets: Aust stocks weaken after consumer reading
• Aust dollar report: $A falls after weak sentiment data
• Aust credit close: Aust bonds slightly weaker

World reports

• World commodities: Commodities markets summary
• World markets: International markets roundup

Stocks to watch

NWS, RHL, RIO, SWM, TGA, TSE,