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Sandalwood firm sticks to forecasts

Sandalwood plantation operator TFS Corporation says it has sold more than 1,500 hectares of new plantations during 2014/15.

Tokyo stocks close 0.95% higher

Tokyo stocks have closed up 0.95 per cent on the back of upbeat US jobs data, with the Nikkei gaining 193.18 points to 20,522.50.

US economic data drags down $A

The Australian dollar has been pushed down by the release of some encouraging US manufacturing and jobs data.

European stock markets edge higher at open

European stocks markets have opened up, shrugging off the drama of the Greek debt crisis; London's FTSE edged up 0.01 per cent to 6,609.01 points.

Bonds maker surprises with rare good news

A surprise earnings upgrade by Bonds and Sheridan owner Pacific Brands has fuelled a 51 per cent lift in the company's share price.

Trade balance in the red for 14th month

The trade deficit in May was $2.75 billion, after blowing out to $4.14 billion in April, the largest on record, official figures show.

Peer-to-peer lending no threat to banks

Australia's peer-to-peer lending sector is expected to be worth $22 billion within five years, but Mornginstar says banks have no reason to worry.

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