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.

Payment delays hurt small business

Big companies are bullying smaller businesses in Western Australia, with more than half reporting they're not being paid on time, according to a new report.

Shares close 37pts lower

Steep losses from the heavyweight mining, banks and telco sectors have led the Australian share market lower.

ACCC shifts on regional internet levy

Australia's competition regulator will allow non-NBN high-speed internet providers to pass on federal government's proposed $7-a-month levy for regional services to customers.

Dick Smith investors plan class action

Shareholders in failed consumer electronics retailer Dick Smith are a step closer to taking class action against the business on the grounds they were misled about the company's profitability.

Shares open 37pts lower

The Australian market has settled lower in early trade as a slide in global oil prices overnight weighed on investor sentiment, sending the indices lower.

$A slumps against $US

The Australian dollar is sharply lower against its US counterpart as the oil price plunges five per cent and the US dollar rebounds.

Oil plunges 5% on OPEC cut disappointment

Oil prices have tumbled five per cent as the extension of output curbs by OPEC and other producing countries disappoints investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March.

Gold eases as $US steadies

Gold prices have eased as the dollar came off its lows and world stock markets scaled fresh highs.

Shares close 20pts higher

The share market has gained ground as strength in the mining and energy sectors outweighed falls by retailers, while the Australian dollar returned to a three week high.

Tourism WA opens east coast office

Tourism WA will open shop again in Sydney after nearly seven years as part of moves to boost the industry's contribution to the sluggish state economy.

More retail woes as Topshop hits the skids

The company operating Topshop's Australian stores has entered voluntary administration, becoming the latest in a list of retailers to stumble amid sluggish consumer spending.

Shares open 18pts lower

The Australian share market has opened lower as selling has resumed across the heavyweight financial sector.

$A is back above 75 US cents

The Australian dollar is sharply higher against its US counterpart, breaching above 75 US cents after the Federal Reserve's minutes ruffles investor sentiment and the greenback.

Oil down slightly on low US petrol draw

Oil prices have retreated slightly as investors reacted to a smaller-than-expected US petrol stocks draw as they awaited the outcome of discussions in Vienna between OPEC and other oil-exporting countries on whether to extend output cuts.

Gold up after Fed minutes

Gold prices have risen as the US dollar has slipped and minutes of the Federal Reserve's last policy meeting suggest the US central bank was cautious about raising interest rates.

Shares close 8pts higher

The Australian dollar is weaker as the first ratings downgrade on China by Moody's since 1989 renewed concerns about the economic strength of Australia's key trading partner. 

Adani doesn't need Aussie banks: Walsh

Indian coal miner Adani does not need the financial backing of an Australian bank, former Rio Tinto chief executive Sam Walsh says.

Tinkler banned from managing companies

Bankrupt former coal baron Nathan Tinkler and two of his closest business allies have been banned from managing a company for at least three years for their roles in the collapse of several businesses.

Perth eyed for new jobs, rail deal

Malcolm Turnbull has written to the Western Australian government seeking its interest in a 'city deal' for Perth.

Shares open 9pts higher

The Australian market has opened slightly higher after US president Donald Trump's budget plans bolstered Wall Street overnight.

$A falls against $US

The Australian dollar has fallen back against its US counterpart which has lifted against a basket of major currencies ahead of the release of the Federal Reserve's policy meeting minutes.

Gold falls as $US up from 6-1/2-month low

Gold prices have fallen, as the US dollar rebounded from 6-1/2-month lows and investors shrugged off heightened political risk following a deadly suicide attack in Britain.

Oil up slightly on OPEC cut hopes

Oil prices have settled a bit higher as expectations of an extension to OPEC-led supply cuts overshadowed a White House proposal to sell half of US petroleum reserves.

Shares close 11pts lower

The share market has closed lower after falls by the banks and miners offset gains from healthcare, retail and energy companies.

Bank levy estimates 'fall short'

Estimated payouts under the proposed bank levy suggest it will raise less than predicted by the federal government, analysts say.

Woodside puts focus on brownfields

Woodside Petroleum plans to boost cash flow through expansion of existing projects over the next few years and has ruled out investment in any major greenfield projects in the near term.

Shares open 24pts higher

The share market has opened in positive territory after strong leads from Wall Street.

Trump trouble, euro surge help gold gain

Gold has extended its biggest weekly gain in five weeks as the US dollar falls against the euro, while US political turmoil fuells demand for bullion as a safe-haven and reduces expectations of rapid Federal Reserve interest rate rises.

$A higher against $US

The Australian dollar is solidly higher against its US counterpart as the greenback continues to soften.

Oil lifts to month-high on output cut hope

Oil prices have risen as growing confidence that top exporters will agree to extend supply curbs this week and speculation that the cuts could be deepened further have pushed prices to their highest levels in more than a month.

Shares close 43pts higher

Australian shares have shaken off their weakness of last week courtesy of a bounce in energy and mining stocks as speculation of tightening world oil supply boosts commodities.



Perth eyed for new jobs, rail deal

Malcolm Turnbull has written to the Western Australian government seeking its interest in a 'city deal' for Perth.

Jetstar angered by 'worst airline' survey

Jetstar has lashed out at a passenger survey that ranked the Qantas-owned budget carrier one of the worst airlines in the world.

Vocus issues another profit warning

Shares in Vocus Communications fell almost 30 per cent following the telecom operator's second profit warning in six months, as management grapple with a raft of problems following its rapid expansion.

Penalty for land clearer

A Perth company has been fined $56,000 for illegally clearing 18 hectares of land, destroying native vegetation and wildlife.

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Jetstar angered by 'worst airline' survey

Jetstar has lashed out at a passenger survey that ranked the Qantas-owned budget carrier one of the worst airlines in the world.

No promises for small states in GST review

The federal government won't guarantee Tasmania and South Australia will be no worse off under potential changes to the way GST revenue is carved up among the states.