AAP

JBS to acquire Primo for $1.45bn

The world's largest fresh meat processor JBS will pay $1.45 billion to acquire small goods producer Primo Group as it looks to export pork to Asia.

Shares close 11.9pts lower

A fifth straight day of falls has taken the share market to its worst weekly performance in more than a year.

King jailed for two years

A former financial adviser who stole shares from a retiree client in Perth has been jailed for two years.

China resource demand to continue: RBA

Abundant supply is driving commodity prices lower, but the good news is that Chinese demand for Australian resources will continue as its economy evolves, the Reserve Bank of Australia says.

Forrest spends $11m on FMG shares

Andrew Forrest bought $11 million worth of shares in his Fortescue Metals Group when their value hit a five-year low this week.

Myer calls for GST "loophole" closure

Myer chairman Paul McClintock has again taken a swipe at GST laws, saying they are unfair and harming trade.

Shares open 3.9pts lower

The Australian Stock market is flat despite a positive lead from Wall Street.

Dow, S&P 500 close at records

The Dow and S&P 500 have notched fresh records on strong US economic data and a jump in oil company shares thanks to rebounding crude prices.

$A rises above 86 US cents on US inflation

The Australian dollar is back above 86 US cents after flat American inflation figures made traders rethink a US rate rise.

Gold falls on higher rates expectations

Gold prices have fallen for a second day as investors refocus on the prospect of higher interest rates from the Federal Reserve.

Support for WA no-fault insurance scheme

Calls are mounting for a no-fault third party insurance scheme in Western Australia in light of a young car crash victim whose family is battling to pay for his care.

Big turnout for Wesfarmers centenary

Wesfarmers attracted a record 1,700 shareholders to its annual meeting today, where it marked 100 years in the business, but it was also the subject of protests and criticism.

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Exporters

LabelValue
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
Others$81.20bn
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