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Shares close 42pts higher

The Australian share market is still performing strongly, fuelled by the big banks and miners, despite losing of its early momentum.

Slater boss, board go in debt restructure

The boss of beleaguered law firm Slater & Gordon has quit and the board will be cleaned out under a shake-up that passes almost full ownership of the company to its lenders.

I'll do what's right on GST: Morrison

Treasurer Scott Morrison has rejected warnings the Liberals would face an electoral wipeout in Western Australia if the federal government doesn't give the state more GST money.

Shares open 31pts higher

The Australian share market has opened sharply higher, mimicking an overnight climb on Wall Street where the S&P 500 had its best one-day percentage gain in about two months.

$A surges against $US

The Australian dollar is up almost half a cent against its weakening US counterpart amid a surge in the prices of iron ore and oil.

Oil rises more than 1% on US output fall

Oil futures have climbed more than 1 per cent to their highest in more than a week as buyers were encouraged by a small weekly decrease in US production and shrugged off a surprise build in crude inventories in the world's top oil consumer.

Weaker $US helps lift gold for 2nd day

Gold prices have risen as the US dollar has weakened for a second straight day following a global cyber attack and a delay to US healthcare legislation that fuelled doubts about President Donald Trump's ability to pass measures expected to boost the economy.

Shares close 41pts higher

The Australian share market has overcome a sluggish start to close higher, as a rally in iron ore and oil prices boosted mining and energy stocks.

$7,500 fine after man fell through skylight

A manager at a roofing company has been fined $7,500 plus costs of $517 after a labourer suffered multiple fractures in a five-metre fall through a skylight in Perth.

Newcrest restarts Cadia mine after quake

Newcrest Mining has partially restarted operations at its Cadia East mine in NSW, which had been shut after an earthquake in April.

Shares open 1pt lower

The Australian share market is flat in early trade as investor sentiment remains cautious following an overnight decline on Wall Street.

$A is lower against $US

The Australian dollar is lower against its US counterpart, dropping back below 76 US cents.

Oil up almost 2% to week-high on weak $US

Oil prices have risen nearly 2 per cent and hit a one-week high, boosted by a weaker dollar, short covering and expectations that crude inventories in the United States may decline for a third consecutive week.

Gold rebounds on $US sag, healthcare delay

Gold has risen after hitting a six-week low in the previous session as bargain hunting set in and the US dollar slid sharply after the US Senate postponed a planned healthcare vote.

Tourism WA board shake-up

The McGowan government's shake-up of public sector agencies has triggered unexpected departures from key agencies, with road safety commissioner Kim Papalia resigning and three Tourism WA board members following chairman Peter Prendiville out the door.

Shares close 6pts lower

The local share market has closed marginally lower after a shaky start as broad-based losses held back gains in financial and mining stocks.

Blackmores CEO leaves for top job at Aust Post

Blackmores has confirmed the departure of chief executive Christine Holgate to Australia Post, and has drafted in former head Marcus Blackmore to temporarily fill the gap.

Yancoal poised to win Rio coal battle

China's Yancoal looks to have sealed a deal for Rio Tinto's NSW coal operations after raising its offer price to $US2.69 billion ($A3.55 billion) to top a rival offer from global miner Glencore.

CBA moves rates in line with rival banks

Commonwealth Bank of Australia has followed its peers by raising its variable rates for interest-only mortgages, becoming the last of the big four banks to adjust its rates mix in an attempt to slow down riskier lending.

Seven West Media appoints WA CEO

Seven West Media has appointed John Driscoll as its regional chief executive for Western Australia. 

Shares open 18pts lower

The Australian share market has started the day weaker, pushed down by losses in the healthcare and mining sectors.

$A is higher against $US

The Australian dollar is higher against a strengthening US dollar which rebounded after earlier losses on weaker-than-expected US economic data.

Oil up but growing US supply limits gains

Oil prices have settled more than half a per cent higher as some traders find bargains after last week's seven-month lows, but rising crude supply in the United States and other countries has limited gains.

Huge sell order pushes gold to 6-week low

Gold has tumbled to its lowest price in nearly six weeks as a large sell order hit sentiment, though losses were limited by political uncertainty around the world.

Shares close 4pts higher

The Australian share market has closed steady amid modest gains from the heavyweight banking and mining sectors.

Crown pays $1.7m in fines as staff sentenced

Three Australian employees of Crown Resorts could be released from a Chinese jail within months after being handed nine and 10-month sentences for gambling-related offences.

Administrator says Ten 'has cash to continue'

Ten Network creditors have met with newly appointed administrators to begin the process of trying to keep the embattled TV broadcaster afloat.

Austal wins $779m US Navy contract

Shipbuilder Austal has won a $779 million contract to build another littoral combat ship for the US Navy.

Shares open 15pts higher

The Australian share market has opened higher with all sectors marginally up, following a mainly positive lead from Wall Street.

$A treads water against $US

The Australian dollar is hardly changed against its US counterpart even as the greenback weakens slightly amid mixed data and comments from the Federal Reserve.

Oil creeps up from 10-month low

Oil futures have edged higher with a lift from a weaker US dollar, but have finished a fifth straight week lower as OPEC-led production cuts have failed to substantially reduce a global crude glut.



Grocery prices are crazy: Coles boss

Australia's food and grocery prices have to come down further because they are "crazy" compared to the rest of the world, Coles managing director John Durkan says.

COAG rejects McGowan's GST change ideas

State premiers have rejected reform measures to the GST carve-up put forward by Mark McGowan, who is lobbying for Western Australia to get a fairer share of the tax's revenue.

Tourism WA board shake-up

The McGowan government's shake-up of public sector agencies has triggered unexpected departures from key agencies, with road safety commissioner Kim Papalia resigning and three Tourism WA board members following chairman Peter Prendiville out the door.

Quest penalised for sham contracting

The former operators of Quest serviced apartments in South Perth have been fined almost $59,000 for a sham contracting arrangement designed to bypass industrial relations laws.