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Seven Group Holdings' shares have surged despite a profit slump, as the diversified group boosted equipment sales to the mining industry and gained $540 million from selling its WesTrac China business.
Investors have dumped shares in Vocus after Australia's fourth-biggest telco ended a $2.2 billion bidding war for the company, saying the two suitors were unable to support the buy on the board's terms.
The Australian dollar is up sharply against its US counterpart back above 79 US cents amid a slight rebound in risk appetite following US President Donald Trump's firing of controversial Trump adviser Steve Bannon.
Gold prices have closed little changed after jumping to their highest in more than nine months as the US dollar retreated on political uncertainty in the United States and a suspected Islamist militant attack in Spain boosted bullion's safe-haven appeal.
Film distributor Village Roadshow has won in legal proceedings brought against telco services including Telstra, forcing them to block domain names for services used to illegally download movies and other programs.
The Australian dollar has fallen more than half a cent against its US counterpart with the greenback strengthening amid euro weakness following the release of European Central Bank's policy meeting minutes.
Gold prices have risen for a second day after Federal Reserve officials hinted that US interest rates could rise more slowly than expected, while palladium has been lifted to a fresh 16-year high by strong industrial metals markets.
Potato growers say farmers may be forced to accept a $650,000 reimbursement offer from the Western Australian government over a failed legal battle with Perth's maverick 'Spud King', despite it being less than half of what they are owed.
The outperforming Australian dollar has soared almost one US cent as its counterpart has fallen after US president Donald Trump disbanded two business advisory councils and following Federal Reserve committee minutes.
Oil prices have fallen more than one per cent even though US crude stockpiles declined by the most in a year, as data suggesting domestic production was edging higher stoked worries about the global crude glut.
Car maker Ford's Australian business is facing legal action for allegedly giving customers the bum steer about ‘systemic issues’ concerning transmissions in several of its models, and blaming drivers for the problem.