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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.

Worley bidder now 'supportive shareholder'

Shares in WorleyParsons have soared after the engineering group confirmed it had rejected a takeover bid from a Dubai-based professional services group, which has since emerged as a large shareholder.

Market closes 12pts lower

A late plunge on the share market has sent it to a fourth straight day of falls.

Australia likely to dodge recession

Stronger commodity prices and government spending in the final months of 2016 are expected to have helped the economy bounce back from the preceding quarter's contraction.

No tunnel for Freight Link final stage

Premier Colin Barnett says the final stage of the contentious Perth Freight Link will involve expanding Stirling Bridge and not digging a tunnel under the Swan River, although the federal government doesn't expect that to be necessary until at least the mid-2020s.

Power prices 'put jobs at risk': AiGroup

Soaring energy prices, driven by growing gas exports are putting jobs at risk and "politics-driven energy policies" are making the situation worse, Australia's peak business lobby group has warned.

Current account deficit falls

Australia's current account deficit was $3.85 billion in the December quarter down from a deficit of $10.2 billion the previous quarter, seasonally adjusted figures from the Australian Bureau of Statistics said.

Wellard cuts HY losses by 25%

Livestock agribusiness Wellard has slashed its first-half loss and expects to post a profit in the 2017/18 financial year.

Shares edge higher at start

 The Australian share market is clinging on to the green in early trade after three days of decline, as investors take cues from overnight gains on Wall Street.

Fortescue denies bid for coal assets

Iron ore miner Fortescue Metals Group has denied media reports stating it had lodged a $1 billion-plus offer for Wesfarmers' Curragh coal mine in Queensland.

Dow hits 12th record-high close

US stocks have ended slightly higher and the Dow has closed at a record high for a 12th straight session after President Donald Trump said he would make a "big" infrastructure statement.

$A down against $US

The Australian dollar is lower against its US counterpart ahead of US president Donald Trump's first address to a joint session of Congress.

Gold falls from 3-1/2 mth high

Spot gold has fallen after tapping a 3-1/2-month high as US Treasury yields rose and investors waited for US President Donald Trump to outline plans for tax cuts, infrastructure spending, levies on imports and foreign policy.

'No plan' to connect freight link to port

There's still no plan in sight to connect the controversial Perth Freight Link project to Fremantle Port, a Senate committee has heard.

Labor promises more Western Power jobs

WA Labor has vowed to employ at least 50 apprentices at Western Power every year if it wins the state election.

Shares close 14pts lower

The Australian share market has closed lower due to large falls from the heavyweight energy and banking sectors.

Call for Brandis to explain Bell role

Attorney-General George Brandis has been asked to make a statement explaining when he first became personally involved in the Bell Group litigation.

Slater & Gordon shares hit new low

Slater & Gordon shares have plumbed fresh depths yet again after the law firm reported a first-half loss of $425 million largely due to another $350 million write-down of its troubled UK business.

QBE CEO's pay cut for 'personal decisions'

QBE chief executive John Neal has had his pay docked by more than $500,000 over what the insurer called his "personal decisions", despite him leading the company to a 22 per cent increase in full-year profit.

Strong opportunities ahead: Austal

Shipbuilder Austal is pursuing its strongest-ever pipeline of potential work, including significant contracts in Australia.

Shares open 2pts lower

The Australian share market has opened flat amid patchy early trade.

$A sharply down against $US

The Australian dollar is sharply lower against its US counterpart, falling as much as half a US cent before regaining a little ground.

Oil falls as US crude stocks rise further

Oil prices have fallen per cent after US crude inventories rose for a seventh week, showing that the market is still struggling to ease oversupply despite many producers' efforts to rein in production.

Gold lifts as Trump inflation trade fades

Gold has reached its highest in 3-1/2 months as the dollar fell to a one-week low after the new US Treasury chief poured cold water on the "Trumpflation trade" that had boosted the greenback this year.

Barnett refuses Roe 9 costings release

Premier Colin Barnett has rejected calls to release the latest costings for the Roe 9 stage of the contentious Perth Freight Link project, saying it would undermine the tender process.

Shares close 45pts lower

The Australian share market is lower, pulled back for a second successive session by significant falls among the big miners, with weakness among the big four banks further prodding the retreat.

Shares open 27pts lower

The Australian share market has opened lower, dragged down by major miners on the back of weakness in commodities.

$A yoyos back above 77 US cents

The Australian dollar is higher against its US counterpart and has once again jumped above the 77 US cent mark.

Oil up but 7th stock build pares gains

Oil prices have risen but gains have been pared after US government data shows a seventh straight build in crude stocks, suggesting high inventories could undermine OPEC's move to cut output.

Gold lifts as Fed dampens rate rise hopes

Gold prices have lifted 1 per cent to a three-and-a-half-month high after minutes from the latest Federal Reserve policy meeting further dampen expectations for an interest rate rise in March, lowering US bond yields and pressuring the US dollar.

Shares close 20pts lower

The share market has lost ground on another busy day of company earnings reports, as a fall in commodity prices weighed on the big miners, and Rio Tinto traded without its latest dividend. 

Lower prices and write-offs hit Alumina

Alcoa's Australian partner, Alumina, has slumped to a full-year loss due to restructuring-related write-offs and lower prices and volumes.

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Marina development for Ocean Reef

A marina in Perth's north is a sure thing after the WA Liberals pledged $105 million to its development, weeks after Labor committed $40 million to a similar project.

Barnett attacks mining industry over ads

Premier Colin Barnett has criticised the mining industry over its prominent media campaign against Nationals leader Brendan Grylls and his proposed mining tax hike, on the first day of the election campaign.

WA farmers deliver record grain harvest

Western Australian grain growers have delivered the biggest harvest in the history of the state, with CBH Group declaring receival, shipping and freight records were broken across the board.

Crown class action threat on China plan

Crown Resorts should have known its focus on drawing Chinese high rollers to its casinos was a hugely risky strategy, according to a law firm seeking to launch a shareholder class action against James Packer's gaming giant.

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Freo council supports protester fundraiser

Fremantle council has passed a motion to support concerts raising funds to help pay the legal fees of those protesting against the Perth Freight Link project.

Barnett attacks mining industry over ads

Premier Colin Barnett has criticised the mining industry over its prominent media campaign against Nationals leader Brendan Grylls and his proposed mining tax hike, on the first day of the election campaign.

Barnett refuses Roe 9 costings release

Premier Colin Barnett has rejected calls to release the latest costings for the Roe 9 stage of the contentious Perth Freight Link project, saying it would undermine the tender process.

Fahour quits as Aust Post CEO

Australia Post chief executive Ahmed Fahour has made passionate defence of his time in charge of the postal service and says his decision to quit was not sparked by recent criticism of his $5.6 million pay packet.