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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.

$A is higher against a stronger $US

The Australian dollar is higher against its US counterpart despite the US dollar lifting amid expectations of a more aggressive US Federal Reserve.

Oil up on Libyan outage, Saudi comments

Oil prices have risen to their highest in more than two weeks, supported by the shutdown of the El Feel oilfield in Libya and upbeat comments from Saudi Arabia that an OPEC-led effort to cut stockpiles is working.

Gold eases as $US lifts from a 3-yr low

Gold has eased, heading towards its biggest weekly decline in two-and-a-half months, as the US dollar climbed from last week's three-year low on the back of higher US Treasury yields.

CBA denies AUSTRAC class action liability

Commonwealth Bank has denied liability in a shareholder class action alleging it breached continuous disclosure obligations with its handling of an Australian Transaction Reports and Analysis Centre investigation into its compliance with money-laundering and terrorism-funding laws.

Solid results day drives Aust share gains

The Australian share market has made solid gains after a strong lineup of company earnings results briefly drove stocks above 6,000 points on Friday before closing just shy of the mark and up 1.6 per cent for the week.

Woolworths’ first-half profit soars 37%

Woolworths' first-half profit jumped 37.6 per cent to $969 million after comparable food sales at its Australian supermarkets rose 4.9 per cent.

Aust shares buoyed by miners, energy

The Australian share market has opened higher, buoyed by overnight gains on Wall Street and a steady flow of positive local earnings.

$A up half a cent against $US

The Australian dollar is up almost half a cent against a weakened US counterpart.

Oil rises after surprise US drawdown

Oil prices have risen to two-week highs, boosted by data showing a surprise draw in US crude inventories and also by a drop in the US dollar.

Gold swings higher as $US surrenders gains

Gold has snapped four sessions of losses as the US dollar has surrendered early gains, though the metal remained lower for the week to date and analysts say they expect trading to be rangebound.

Share market rises as Qantas soars

The Australian share market has posted a modest rise as big gains for Qantas, Crown Resorts and Nine Entertainment were partly offset by big ex-dividend retreats for AGL Energy and Woodside Petroleum.

Nine's strong ratings drives profit growth

Strong ratings and a dominant share of the free-to-air TV revenue market have driven a 55 per cent increase in Nine Entertainment's half year underlying profit.

Fresh Qantas buyback after 18% profit lift

Qantas will return a further $378 million of capital to shareholders in the form of a buyback after the carrier lifted first-half profit 18 per cent to $607 million.

Aust shares higher at open despite US fall

The Australian share market has opened higher, shrugging off Wall Street's turnaround from strong gains to finish firmly in the red.

$A little changed against up-and-down $US

The Australian dollar is little changed against its US counterpart which has again risen helped by buoyant short-term US Treasury yields.

Wall St set to lead Aust shares higher

The Australian share market looks set to open around half a per cent higher with Wall Street offering a positive lead despite some of its earlier strong gains ebbing closer to the close.

Oil mainly steady as crude build expected

Oil prices are little changed ahead of data expected to show rising crude inventories in the United States and as the dollar has strengthened from last week's three-year lows.

Gold unable to sustain post FOMC bounce

Gold has dipped further, a day after its biggest daily slide in two-and-a-half months, but briefly bounced higher as the US dollar slipped for a short time after the release of minutes from the US Federal Reserve's January policy meeting.

Shares edge higher despite fall for miners

The Australian share market inched higher as well received financial results from Wesfarmers and a2 Milk were countered by steep falls by heavyweight miners.

Downer makes $11.1m loss on impairments

Downer EDI has posted an $11.1 million first-half loss, dragged down by a goodwill impairment on its mining operations, write-downs from its freight rail divestment and redundancy costs from its recently acquired Spotless.

Wages growth barely ahead of inflation

Wages growth was stronger than expected in the final three months of 2017, but annual growth of 2.1 per cent is only slightly ahead of inflation.

Fortescue cuts dividend as profit slumps

Fortescue Metals' half-year profit has dropped 44 per cent as the miner offered wider discounts on its lower-grade product, but the result still came in ahead of market expectations.

Wesfarmers profit down 86% on write-downs

Wesfarmers' first-half profit has plummeted 86 per cent to $212 million on the back of more than $1.3 billion in impairments against its UK hardware business and Target department stores.

Aust shares softer as materials weigh

Australian shares are marginally lower in early trade as investors take cues from a decline on Wall Street and local corporate earnings weigh on sentiment.

WTI rises on Cushing draw, Brent eases

US crude has risen to a near two-week high on signs of inventory declines at a key storage hub, while Brent eased under pressure from a stronger dollar.

$A falls below 79 US cents on $US strength

The Australian dollar is firmly back below 79 US cents.

Gold falls for third session

Gold prices have been pressured by a stronger US dollar and rising interest rates, dropping for a third session, but were underpinned by political worries and uncertainty about this week's huge US bond auctions.

Aust shares flat in no-surprises session

Australian shares have ended the day flat with a no-surprises line-up of company profit results failing to fire investor action in the absence of major overseas leads.

Earnings downgrade hits Vocus shares

Shares in Vocus Group have hit a four-month low after the telco held off paying its half-year dividend and downgraded its annual earnings guidance.

Resources spending boosts Monadelphous H1

Engineering services firm Monadelphous Group has lifted half-year profit by nearly a third as it rides the rebound in resources sector activity.

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.

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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.

Scarborough tipped as next big LNG development

A tieback of the Scarborough field into the Pluto LNG plant could well be the next major energy development in Western Australia, after Woodside Petroleum announced a deal to increase its stake in the field.

Wesfarmers takes $1.3bn hit on UK, Target

Wesfarmers is overhauling the leadership at its underperforming UK hardware business after the struggling unit was responsible for the majority of $1.3 billion in first-half writedowns and impairments.

WA economy pointing in right direction'

The end of the mining construction boom continues to cause economic pain for Western Australia but strong employment growth paints a very positive future, according to Treasurer Ben Wyatt.

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Western Force could get a lifeline in 2021

New Rugby Australia chief executive Raelene Castle has left the door ajar for the Western Force to return to the fold in 2021, but the Indo Pacific Rugby Championship remains in limbo.