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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.

Shares close 8pts higher

The Australian dollar has soared passed 80 US cents for the first time in over two years as diminished expectations for rate hikes in the US dented the greenback. The share market also rose as stronger iron ore and copper prices boosted mining stocks.

Macquarie profit 'in line' with record

Macquarie Group expects its 2018 financial year profit result to be broadly in line with its previous year record profit of $2.2 billion.

Fortescue keeps shipment target for FY18

Fortescue Metals Group expects to trim its costs further this year and is targeting steady iron ore shipments in the 2018 financial year after posting a solid fourth quarter performance.

Shares open 17pts higher

The Australian dollar has strongly rebounded against the greenback, hitting 80.06 US cents, on the back of a collapse in the US dollar, while the local share market has opened higher.

$A hits US80c, market set to open flat

The Australian dollar has strongly rebounded against its US counterpart but the local share market looks set for a flat open.

Oil up to near 8-week high on big US draw

Oil prices have risen to near eight-week highs, with Brent crude futures above $US50 a barrel, as a much steeper than expected decline in US inventories encouraged hopes the global crude glut would recede.

Gold at 6-wk high on Fed remarks, $US fall

Gold has jumped 1 per cent to a six-week high on Wednesday, after the US Federal Reserve said it would start to wind down its massive holdings of bonds "relatively soon," pushing the dollar lower.

Shares close 50pts higher

The Australian share market has ended the day strongly, following positive leads from Wall Street and strong rises in the oil and commodities markets.

Inflation rate cools in June quarter

Australia's inflation rate has cooled in the June quarter, dragging the annual headline rate below the central bank's target in the 2 to 3 per cent range.

Ford blamed drivers for faults: ACCC

Car maker Ford's Australian business is facing legal action for allegedly giving customers the bum steer about ‘systemic issues’ concerning transmissions in several of its models, and blaming drivers for the problem.

Shares open 51pts higher

A healthy company earnings story coming out of the US is buoying the Australian market, led by the major miners.

$A slightly lower against $US

The Australian dollar is slightly lower against its US counterpart, as it trades in a tight range ahead of the release of local inflation figures.

Oil rallies 3% on expected supply falls

Oil rose 3.3 per cent on Tuesday to the highest close in more than a month, a day after US oil producer Anadarko said it would cut capital spending plans and Saudi Arabia vowed to reduce crude exports to help curb global oversupply.

Shares close 38pts higher

The Australian share market has closed higher as bargain-hunting investors ignored a mixed lead from US markets and lifted most stocks across the board.

Woolies deals another blow to Coke

Shares in Cola-Cola Amatil have fizzled following news Woolworths will pull all but two of the beverage giant's Mount Franklin water products from shelves.

WA egg producer to pay $1m in penalties

One of WA's biggest egg producers has been slugged more than $1 million after it deceived shoppers by falsely labelling some of its products free range, and consumer class action may follow.

Dick Smith class action ready to launch

A class action against failed electronics chain Dick Smith on behalf of disgruntled shareholders has been given the green light.

Shares open 37pts higher

The Australian share market has lifted in early trade, bouncing back from its previous session's losses, with investors also shrugging off mixed results on Wall Street overnight.

$A steady against $US

The Australian dollar is flat against its US counterpart with little news to drive markets.

Oil rises 1% on Saudi vow to cap exports

Oil has risen more than 1 per cent, after leading OPEC producer Saudi Arabia pledged to cut exports in August to help reduce the global crude glut, and Halliburton Co's executive chairman said the US shale drilling boom would probably ease next year.

Gold hits one-month high, eyes on Fed, $US

Gold prices have pared gains as the US dollar has turned slightly higher, after bullion rose to a one-month high as political turmoil in the United States boosted sentiment ahead of a Federal Reserve monetary policy meeting this week.

Rising dollar guards petrol pump: CommSec

A rising Australian dollar should protect motorists against any nasty surprises at the pump, according to the latest research by CommSec.

Shares close 34pts lower

The Australian share market has closed lower with heavy falls by the banks and energy companies leading the way amid widespread selling.

WA economy lags nation, again

Western Australia has achieved the unwanted title of Australia's worst performed economy for a fourth consecutive quarter.

Newcrest output drops on Cadia hit

Newcrest Mining has posted a 2.4 per cent drop in full-year gold production driven by lower output at its Cadia mine in NSW, which was shut after an earthquake in April.

Westpac in talks on Hastings sale

Westpac has entered into exclusive discussions with property giant Charter Hall Group to sell its infrastructure investment business Hastings Management.

Shares open 49pts lower

The Australian share market has opened sharply lower, dragged down by the big four banks and the energy sector on the back of a steep slump in commodity prices.

$A is stronger against $US

The Australian dollar has been an underperformer but is still slightly higher against its US counterpart which has fallen amid a sharp slump in oil prices.

Oil dives; OPEC crude output rise forecast

Oil prices have slid, settling about 2.5 per cent lower after a consultancy forecast a rise in OPEC production for July despite the group's pledge to curb output, reigniting concerns the global market will stay awash with crude.

$US slide helps lift gold price

Gold has been pushing to its biggest weekly gain in two months as a surging euro dragged the US dollar to its weakest since June 2016, making bullion cheaper for holders of other currencies.

Shares close 38pts lower

The Australian share market has closed lower as investors took profits, and the Australian dollar has retreated as Reserve Bank of Australia deputy governor Guy Debelle hosed down speculation that the RBA was moving towards hiking interest rates.

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WA egg producer to pay $1m in penalties

One of WA's biggest egg producers has been slugged more than $1 million after it deceived shoppers by falsely labelling some of its products free range, and consumer class action may follow.

Greens senator quits federal parliament

Greens senator Scott Ludlam is leaving federal parliament after finding out he was improperly elected more than a decade ago.

WA economy lags nation, again

Western Australia has achieved the unwanted title of Australia's worst performed economy for a fourth consecutive quarter.

Human remains force museum site shutdown

Human skeletal remains have been found at the building site of the new WA Museum in Northbridge and the Homicide Squad has been brought in.

most commented

Greens senator quits federal parliament

Greens senator Scott Ludlam is leaving federal parliament after finding out he was improperly elected more than a decade ago.

Ford blamed drivers for faults: ACCC

Car maker Ford's Australian business is facing legal action for allegedly giving customers the bum steer about ‘systemic issues’ concerning transmissions in several of its models, and blaming drivers for the problem.

Vocus opens books to KKR

US private equity giant Kohlberg Kravis Roberts has moved a step closer to a takeover of Vocus Communications following the telco board’s decision to open its books to a non-exclusive due diligence.