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Qantas staff get $90m windfall

Qantas is sharing the spoils of its estimated $1.6 billion dollar turnaround by paying $90 million in bonuses to staff who've taken an 18-month pay freeze.

Shares close 61pts lower

The Australian share market has slipped 1 per cent ahead of Greece's referendum on bailout conditions.

Shares open 25.7pts lower

The Australian share market has opened lower. At 1010 AEST on Friday, the benchmark S&P/ASX200 index was down 25.7 points, or 0.46 per cent, at 5,574.1, while the broader All Ordinaries index was down 25.4 points, or 0.45 per cent, at 5,562.5.

$A virtually unchanged after US jobs data

The Australian dollar is virtually unchanged against the greenback, which has fallen on disappointing US employment data.

Oil prices stabilize amid oversupply

Oil prices have changed little, a day after precipitous falls, as traders worried about a global glut and the first rise in the US oil-rig count this year.

US stocks end lower after mixed jobs data

Wall Street stocks have closed a holiday-shortened week slightly lower following a mixed US jobs report and as investors awaited Greece's weekend referendum over its economic fate.

Gold lifts as US jobs data dsappoints

Gold has rebounded slightly from an earlier three-and-a-half-month low after data showed the US labour market was weaker in June than expected, indicating that the Federal Reserve may hold off from raising interest rates in September.

Shares close 84pts higher

The Australian share market has finished higher for the third consecutive session after Monday's huge sell-off.

Rio chief shrugs off iron ore pessimism

Rio Tinto chief executive Sam Walsh has shrugged off pessimistic iron ore forecasts, saying there will be a happy ending for the steel-making commodity.

TFS reaffirms earnings guidance

Sandalwood plantation operator TFS Corporation has reaffirmed its expectation of a net profit of at least $90 million for the 2014-15 financial year.

Shares open 7.6pts higher

The Australian share market has opened higher. At 1010 AEST on Thursday, the benchmark S&P/ASX200 index was up 7.6 points, or 0.14 per cent, at 5,523.3, while the broader All Ordinaries index was up 8.0 points, or 0.14 per cent, at 5,514.0.

Gold falls as greenback strengthens

Gold has fallen, as the US dollar strengthens and hopes for progress in the Greek crisis revive after the country told international creditors Athens could accept their bailout offer if some conditions were changed.



Rio Tinto$26.71bn
BHP Billiton Iron Ore$24.30bn
North West Shelf Venture$19.62bn
Fortescue Metals Group$12.48bn
Woodside Petroleum$6.09bn
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