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Banks lead late recovery to limit ASX fall

A late rally from banking and health care helped lift the Australian share market off a near two-year low but commodity-related stocks and tech shares weighed heavily.

Wesfarmers shares down without Coles

Coles shares have floated on the Australian Securities Exchange at $12.49, with Wesfarmers' price adjusting in early trade without the supermarket giant in its stable.

ASX plummets to near two-year lows

The Australian share market has dived to near two-year lows amid a global stock sell-off, with energy and mining stocks bleeding red and the banks also suffering in early trade.

Gold dips as buyers flock to dollar, bonds

Gold prices edged downward as investors flocked to the dollar and US government bonds amid steep declines in global stock markets, denting appeal for non-interest bearing bullion.

Wall Street hit by retail, energy decline

US stocks have extended their recent sell-off, with the S&P 500 hitting a three-week low, as energy shares dropped with oil prices and retailers including Target and Kohl's sank after weak earnings and forecasts.

Oil slumps 7% amid gloomy trade outlook

Oil prices have tumbled about seven per cent, with US crude plunging to its lowest level in more than a year, caught in a broader Wall Street sell-off that was fed by rising concerns about slowing global economic growth.

Broad-based losses drags the ASX under

A late rally from banking stocks kept the Australian share market from the doldrums reached in October, but broad-based losses still dragged the indices lower with local tech stocks following the fortunes of US counterparts.

ASX dips at the open as tech stocks dive

Healthcare stocks are in the sick bay and the energy sector is also sapping the Australian market at the open, while local tech stocks have followed the fortunes of their US counterparts and plummeted in early trade.

Wall St hit by tech stocks, trade worries

The Nasdaq has slumped nearly 3 per cent and the Dow and S&P fell more than 1 per cent as investors pulled out of Apple and internet shares, while conflicting signals over the US-China trade dispute added to caution.

Brent crude slips as investors fear glut

Brent crude futures fell in choppy trade, under pressure from growing supply but supported by a reported drawdown of US oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.

Gold price edges up as US dollar dips

Gold inched up as the dollar fell, but the metal stayed in a tight range as investors held off on big moves ahead of the US Thanksgiving holiday on Thursday.

Myer shares fall as Lew feud rages on

The war of words between Myer and Solomon Lew has escalated after the troubled retailer's shares went into freefall following its forced admission of another drop in sales. 

Market closes down 36.9pts

The Australian share market has closed lower, weighed down by APEC trade tensions and a financial sector hit by more banking woes and the loss of a significant contract for Medibank Private.

China to launch Aust barley-dumping probe

China's commerce ministry says it has launched an anti-dumping investigation into imports of barley from Australia, its top supplier of the grain, amid strained diplomatic ties between Beijing and Canberra.

Fairfax shareholders approve Nine merger

Fairfax Media has less than three weeks left as an independent entity after its shareholders voted overwhelmingly in favour of the 175'-year-old company's merger with Nine Entertainment.

ASX subdued at noon as banks, energy weigh

Australian shares slipped at noon, with energy and banking stocks continuing to weigh heavily amid post-APEC trade tensions.

US stocks gain on trade optimism

The S&P 500 and Dow Industrials are higher after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq.

Oil lifts, but still down for sixth week

Oil ended the week slightly firmer after volatile trading, supported by expectations that the Organisation of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns.

Gold up as dollar slides, palladium rises

Gold rose as much as a percentage point as the dollar fell after US Federal Reserve officials made cautions comments on the outlook for interest rate hikes, while palladium hit a record high driven by worries about short supplies.

ASX ends week in red

The Australian share market has closed marginally lower, with heavyweight healthcare and financial stocks unable to hold on to gains, and ended the week solidly in the red.

WA company owner jailed for 'phoenixing'

A labour hire business owner who fraudulently obtained more than $890,000 through illegal "phoenixing" has been jailed for five years and four months in Western Australia.

ASX edges higher on miners, energy, banks

The Australian share market has lifted at the open with gains for energy and mining stocks, while the local healthcare sector was also firmly in the black.

Oil rises despite potential supply glut

il futures have risen, steadying after the week's steep losses as fuel stockpile declines in the United States helped offset concerns about a potentially oversupplied market next year.

Gold nears week high on Brexit deal logjam

Gold hit a near one-week peak as investors sought cover from market turmoil after Britain's long-awaited draft agreement to leave the European Union was thrown into chaos, helping the metal hold its ground against a rising dollar.

ASX avoids lower close on final-hour rally

A rally in the final hour of trade wiped out heavy afternoon losses on the Australian share market as the ASX narrowly avoided a third straight session in the red.

ASX ekes out early gains, banks dragging

Australian shares have eked out modest gains at the open despite an overnight sell-off on Wall Street, with healthcare and mining stocks lifting in early trade, though the banks were weighing on the bourse.

Oil rebounds 2% on talks over supply cut

Oil has bounced nearly two per cent, recouping some of the previous session's heavy sell-off, on the growing prospect that the Organisation of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up the market.

Gold price gains 1% on US dollar retreat

Gold rose one per cent overnight, helped by a slight retreat in the dollar following a rally and as some investors covered their short positions after the metal held the key $US1,200 level.

Wall St extends losses as financials drag

Wall Street stocks have declined, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the US House of Representatives.

ASX suffers broad-based losses

The Australian share market has lost more than one and a half per cent for the second consecutive day with commodity-related stocks suffering heavy losses on plunging oil prices.

Energy stocks sap ASX during soft open

Energy stocks are sapping the Australian share market in early trade, with the bourse slipping on plunging oil prices and choppy overnight results on Wall Street.



Runaway iron ore train derailed in WA

A runaway train loaded with iron ore travelled with no-one on board for 92 kilometres in Western Australia's Pilbara region before it was deliberately derailed.

WA company owner jailed for 'phoenixing'

A labour hire business owner who fraudulently obtained more than $890,000 through illegal "phoenixing" has been jailed for five years and four months in Western Australia.

QBE report calls Perth house price rise

A fall in Perth house prices over the next 12 months will be followed by modest growth and an overall 5 per cent improvement by 2021, according to a new housing outlook report.

Perth woman jailed for $1.2 million theft

A woman who stole a total of more than $1.2 million from two separate small businesses because she "liked having nice things" has been sentenced to six years and two months in a Western Australian prison.

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Perth woman jailed for $1.2 million theft

A woman who stole a total of more than $1.2 million from two separate small businesses because she "liked having nice things" has been sentenced to six years and two months in a Western Australian prison.