At the core of AAP Newswire is our unbiased, 24/7 breaking newswire that feeds the latest news from Australia and the world. Supported by over 200 journalists, AAP Newswire provides the news that matters.

Struggling Myer 'must shrink to survive'

Most of the 63 Myer stores around Australia are likely to be at break-even and the veteran retailer must shrink to survive, a new analyst's report says.

Shares fall as US rates begin to rise

The Australian share market has closed lower after the US central bank lifted interest rates and forecast further hikes in the years ahead.

US Fed drives Australian stocks lower

The Australian share market is trading lower after US stocks dropped in late trade following the US Federal Reserve's first interest rate hike for the year.

$A hits rallies after US rate hike

The Australian dollar has rallied almost one US cent, after the US Federal Reserve raised its interest rate for the first time this year and paved the way for more rate hikes later this year.

Oil hits six-week high on inventory data

Oil prices hit a six-week high on Wednesday, closing in on a three-year peak set in late January, on a surprise decline in US inventories, strong compliance on OPEC production cuts, and persistent con

Gold up after Fed flags fewer rate hikes

Gold rose more than one per cent from a three-week low after the US Federal Reserve increased interest rates and forecast at least two more hikes for 2018, falling short of the three more increases ma

Aust shares edge higher in muted trade

The Australian share market closed higher on a day of light trading volumes ahead of a decision on interest rates by the US Federal Reserve.

Tourism Council backs new plan

The tourism industry has thrown its support behind the government’s new two-year plan to increase visitation to Western Australia, but says the plan needs to be backed with the right leadership, skills and financial resources.

Home broadband getting cheaper, says ACCC

Internet plans over the national broadband network are getting cheaper, a new report says, despite recent criticism from retailers that their NBN costs are too high.

James Packer quits Crown Resorts board

Billionaire James Packer has quit the board of casinos operator Crown Resorts because he is suffering from mental health issues.

Myer 'failures' slammed after $476m loss

Myer's executive chairman has issued a damning indictment of the department store chain's performance under ex-chief executive Richard Umbers after it slumped to a $476.2 million first-half loss.

US gains, oil surge lift Aust share market

Australian shares have opened comfortably higher after a strong surge in oil prices gave energy stocks and the major US stocks indexes a boost.

$A follows metals prices lower

The Australian dollar is back below 77 US cents, under pressure from falling metals prices, amid market caution about higher US interest rates and worries about a possible trade war.

Oil prices rise to three-week high

Oil prices have climbed to their highest level in three weeks as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the impact of growing US crude produ

Gold fall ahead of US rate decision

Gold prices fell on Tuesday as the US dollar strengthened ahead of a Federal Reserve meeting at which the US central bank is expected to raise interest rates for the first time this year.

Share market pulled lower by miners

The Australian share market has dropped following soft leads from overseas markets and a fall in iron ore prices.

Aust shares sink after US stocks plunge

Australian shares have opened lower after US stocks suffered severe falls against a backdrop of growing international trade tension and following a plunge in Facebook shares which weighed heavily on technology stocks.

$A bounces back from 3 month low

The Australian dollar has bounced back from the three month low it hit on Monday, despit heavy falls on Wall Street, but following a bounce in gold prices.

Oil dips as Wall Street dives

Oil prices slipped on Monday as Wall Street slid more than one per cent and energy market investors remained wary of growing crude supply, although tensions between Saudi Arabia and Iran gave prices s

Gold bounces from 2-week low

Gold prices turned positive on weakness in equity markets after touching their lowest in more than two weeks on Monday ahead of a US central bank meeting that could raise interest rates and signal thr

Aust share market up but $A going down

The Australian share market has closed slightly higher on Monday, helped by positive leads from US and European markets but the Australian dollar has taken a beating from lower commodity prices and the anticipation of higher US interest rates later this week.

Minerals exploration gets $100m tax break

A $100 million tax incentive scheme to encourage resources exploration and arrest the decline in Western Australia's mining sector passed the Senate today.

Oil stocks, Wall St lift Aust shares early

The Australian share market has opened higher following solid gains by Wall Street and European markets and higher oil prices.

$A falls to an almost three-month low

The Australian dollar has fallen to its lowest level since Christmas, as metals prices fall on the back of worries about a possible international trade war.

Oil prices jump, Brent hits 2 week high

Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as US stock prices rose and investors covered short bets ahead of a weekend in which the US news prog

Gold dips ahead of possible Fed rate hike

Gold prices are lower, as the metal is weighed down by a stronger US dollar and expectations that the US Federal Reserve will raise interest rates next week for the first time this year.

Wesfarmers surge pushes Aust shares higher

Australian shares have closed higher, led by a surge of support for consumer-related stocks following Wesfarmers' announcement of plans to spin off supermarket giant Coles.

Australian shares rise on Coles spin-off

Australian shares have opened comfortably higher, buoyed by news that Wesfarmers plans to spin off supermarket giant Coles, and after the Dow Jones index in the US made a strong surge on easing fears of an international trade war.

$A falls to a one week low

The Australian dollar has hit a one-week low against a strengthening US dollar after comments from Donald Trump's new economic advisor Larry Kudlow that the president favours a stronger US dollar.

Oil up, but rising supply checks gains

Oil prices edged higher in choppy trade, after the International Energy Agency said global oil demand is expected to pick up this year, but warned supply is growing at a faster pace.

Gold prices slips as US dollar gains

Gold prices have dipped, under pressure from a stronger US dollar, although tensions between Britain and Russia limited the precious metal's decline a day after it hit a one-week high.



WA boss sold assets to pay staff

The director of a Perth security company has been acknowledged for selling personal assets to provide back pay for staff who were underpaid more than $200,000.

Forrest loses latest cattle station fight

Andrew Forrest has lost his latest court fight against a sand miner operating on his cattle station in WA's Pilbara region.

Pilot missing after chopper crash off Port Hedland

Updated: The search for the trainee pilot of a helicopter that crashed in open water off Port Hedland has ended after the wreckage and the missing pilot were found.

POSCO invests $79m in Pilbara Minerals

South Korean steel giant POSCO has signed a long-term offtake agreement with ASX-listed lithium miner Pilbara Minerals and agreed to invest in its upcoming project in Western Australia.