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.

Industrials lead Dow to record high

Trade-sensitive industrial stocks have led the Dow Jones Industrial Average to a record closing high, the last of Wall Street's main indexes to fully regain ground since a correction that began in January.

Gold up as easing trade fears hurt dollar

Gold edged up to hit its highest in nearly a week as the US dollar slumped, its safe-haven appeal lessened by reduced fears over the near-term impact of Sino-US trade tensions.

Oil retreats as Trump tweets ahead of OPEC

Oil prices eased, pulling back after US President Donald Trump urged OPEC to increase production at its meeting in Algeria, and slowing bullish momentum that had previously propelled the market toward four-year highs.

Supermarkets, banks drag on Aust shares

Supermarket and banking stocks have pulled the Australian share market lower, with international trade hostilities weighing on the indices.

Coles, Woolworths announce milk levy

Customers will pay more for home-branded milk at Coles and Woolworths stores with the levy to be passed on to dairy farmers gripped by drought.

ASX dips after opening bounce, miners up

Australian shares have dipped after enjoying an opening bounce, with the heavyweight materials sector again the strongest early performer.

S&P and Dow Jones lifted by financials

The S&P 500 and the Dow Jones Industrials Average have risen as bank stocks gained on rising Treasury yields, while a drop in Microsoft pressured the Nasdaq.

Oil up as drawdown adds to supply concerns

US oil futures surged nearly two per cent as they were bolstered by a fifth weekly crude inventory drawdown and strong domestic petrol demand amid ongoing global supply concerns over US sanctions on Iran that come into force in November.

Gold climbs as dollar weakens on trade war

Gold rose as the US dollar weakened, indicating investors are starting to worry about the impact of the US-China trade war on the US economy, luring some buyers back into precious metals investments.

Materials lift ASX200 higher at close

Australian shares have closed higher, buoyed by the heavyweight mining sector following improved copper and iron ore prices overnight.

WA govt moves to ban online lotteries

Moves are under way in Western Australia to ban online lottery betting organisations, with the state government saying it will protect Lotterywest and minimise harm to at-risk gamblers.

WA confirms 10 needles in strawberries

Ten cases of needle contaminations in strawberries are being investigated by WA Police, as the national crisis escalates.

NAB cuts exec bonuses amid charm offensive

National Australia Bank has cut executive bonuses as it continues its attempt to regain consumer trust amid the fallout of the Financial Services Royal Commission.

Materials help lift ASX at the open

Australian shares have opened higher, mirroring an overnight recovery on Wall Street after the heavyweight mining sector was helped by improved copper and iron ore prices.

Wall St bounces back as trade fears ease

Wall Street has rebounded in a broad-based rally as investors brushed aside intensifying trade rhetoric between the United States and China.

Oil rises on signs OPEC won't boost output

Oil futures rose more than one per cent on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled an informal target near current levels.

Gold price fades as US dollar gets a boost

Gold prices turned negative as the US dollar strengthened following news that China would retaliate against a new round of tariffs on its goods.

ASX down as tariffs create trade war worry

The Australian share market is on course for its second worst month of 2018 after the Trump administration announced additional trade tariffs on China.

$100k reward for berry tampering information

A $100,000 reward is being offered by the state government for information that leads to the conviction of anyone involved in contaminating strawberries with sewing needles in Western Australia.

Kathmandu rewards staff after sales surge

Kathmandu is rewarding staff after the outdoor equipment retailer's full-year profit surged almost a third to $NZ50.5 million ($46.3 million) thanks to a big jump in Australian sales.

TPG Telecom FY profit dips 4.6% to $396.9m

TPG Telecom has reported a 4.6 per cent drop in full-year profit to $396.9 million after the NBN hit broadband margins and home phone revenue.

ASX opens lower after Trump's tariff call

Australian shares have opened lower after US President Donald Trump announced the imposition of additional trade tariffs on China.

Wall St slides ahead of tariff statement

US stocks have fallen, led by declines in technology and consumer discretionary stocks as investors looked to President Donald Trump's announcement regarding tariffs on $US200 billion of Chinese imports.

Oil price flat amid US-China tensions

Oil prices were little changed as the market weighed deepening trade tension between the US and China that is expected to dent global crude demand and potential supply tightening due to Iran sanctions.

Gold up on softer dollar, short-covering

A softer dollar and short-covering has lifted gold after two sessions of declines, but investors braced for more US-China trade tensions, with some buying bullion as a safe haven.

Market closes up 19.7pts

Australian shares have closed higher, lifted by the banks despite heavy losses to aged care stocks in reaction to the pending royal commission.

No strawberry tampering in WA: minister

Strawberry tampering did not happen in Western Australia despite the discovery of sewing needles secreted inside a punnet grown in the state and exported to South Australia, according to Health Minister Roger Cook.

WA wheat growers hit by frost

Widespread frost has dented hopes that wheat growing areas in Australia's west could provide a much needed boost to output, further tightening supplies amid the prolonged east coast drought.

Aust shares dip at open, health care drags

Australian shares are down at the open amid lingering uncertainty over US-China trade relations, while shares in the under-fire aged care sector are dragging on the market after the announcement of a royal commission.

NAB moves Baird as inquiry claims scalp

National Australia Bank has tasked former NSW Premier Mike Baird with leading its retail unit after consumer boss Andrew Hagger decided to leave the bank following his mauling at the financial services royal commission.

Gold turns negative as tariff war rolls on

Gold turned negative as the US dollar rose against the Chinese yuan after US President Donald Trump reportedly told aides to proceed with tariffs on Chinese imports.



Perth house prices in four-month slide

Perth house prices have fallen for a fourth straight month, after registering a 0.6 per cent decline in August, according to the latest data from CoreLogic.

Dodgy WA accountant loses sentence appeal

An accountant who pocketed almost $1.8 million after lodging more than 100 fraudulent income tax returns has failed in a bid to have his eight-year sentence reduced.

Corrupt WA shire CEO ensured partner's job

The chief executive of a West Australian shire acted corruptly when he ensured his partner became the strategic planning manager and increased her salary by $24,000 over four years, a report has revealed.

Pair charged after Horizon Power probe

Two people have been charged following an investigation by the Corruption and Crime Commission into state-owned utility Horizon Power.

most commented

GST reform to stay on agenda – Morrison

Prime Minister Scott Morrison has guaranteed his government will deliver the GST distribution solution promised under Malcolm Turnbull's leadership before the next election, and will even consider legislation if necessary.

Westpac fined $35m for home loan conduct

Westpac has agreed to pay a $35 million fine after admitting to wrongly assessing people's ability to repay mortgages.