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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.

Higher iron ore, oil prices propel ASX

The Australian share market has rebounded from early losses to close higher, driven by gains in the price of iron ore and oil.

Investec to open Australian bank branch

Australia's big banks have another challenger after South Africa's Investec announced plans to open a local branch following its successful application for a local licence.

ASX dips despite mining, energy gains

The Australian share market has opened lower despite a positive start for the mining and energy sectors.

Oil prices rise more than 2%

Oil prices rose more than two per cent overnight and hit their highest in about a month, buoyed by US government data that showed a larger-than-expected drawdown in crude stocks as exports hit a record high and surprise drops in refined product stockpiles.

Gold drops as bets fade for big Fed cuts

Gold prices dipped overnight on signals the US Federal Reserve would not make too steep a cut to interest rates next month, but still held ground above the key psychological $US1,400 level.

ASX lower ahead of financial year's end

The financial sector has dipped for the second day in a row as traders realised losses ahead of the end of the financial year.

Australia won't be trade war 'bystander'

Australians cannot be "passive bystanders" as the United States and China work through their trade differences, Scott Morrison has warned.

ASX opens lower as financial sector dips

The financial sector has dipped for the second day in a row, dragging down the overall Australian share market in early trade.

Oil prices mixed ahead of US crude data

Oil prices were mixed ovenright ahead of data expected to show US crude stocks declining, outweighing investors' concerns that US-China trade tensions could dampen fuel demand.

Gold price rise capped by US Fed comments

Gold prices retreated from a six-year high overnight after comments from US Federal Reserve officials trimmed expectations that the central bank will lower interest rates by half a percentage point next month.

ASX closes lower after 'choppy' session

The Australian share market has closed marginally lower following a seesaw session.

Vital to pivot to rare earth projects

A local junior whose gold and base metals exploration projects in Burkina Faso had to be put on hold amid escalating jihadist violence in the West African country is pivoting to become a rare earth oxide developer.

Collins Foods lifts FY profit 20% to $39m

Collins Foods has lifted its payout to shareholders after strong sales at its Australian KFC network helped the company boost full-year profit 20.3 per cent to $39.1 million.

Oil prices mixed on crude demand fears

Oil prices were mixed overnight as market concerns about the possibility of a conflict between the United States and Iran eased while worries about declining crude demand resurfaced.

Gold nears six-year top on US-Iran tension

Gold prices rose more than one per cent overnight to a near six-year peak as the US dollar fell, with safe-haven bullion also boosted by US President Donald Trump's announcement to impose fresh sanctions on Iran.

ASX rebounds as banks, mining sector gain

The Australian share market has closed higher as the heavyweight mining and financial sectors shrugged off their morning losses.

$2.3 billion Navitas buyout takes effect

The $2.3 billion takeover of Navitas by private equity firm BGH, AustralianSuper and the global education provider's former chief executive Rod Jones is now legally binding.

Labor offers government deal on tax cuts

Tax cuts could be made law as early as next week if the Morrison government meets Labor at the negotiating table.

Metcash back in profit but underlying sags

Metcash has swung to a $192.8 million full-year profit after cycling through its South Australian contract impairments, but its share price has taken a tumble after a decline in food earnings and higher finance costs weighed on the IGA supermarket supplier's underlying result.

ASX dips as only miners, telcos eke gains

The Australian share market has opened lower, with every sector except materials and telecommunications slipping into the red.

US oil prices rose 10 per cent last week

Oil futures rose about one per cent on Friday, with US crude up 10 per cent and global benchmark Brent gaining 5 per cent in the week, on fears the United States could attack Iran and disrupt flows from the Middle East - an area which provides more than a fifth of the world's oil output.

Gold price hits six-year peak

Gold prices surpassed $US1,400 on Friday before retreating, still holding near a six-year high on the US central bank's dovish stance on monetary policy.

ASX drops despite mining and energy gains

The Australian share market has closed lower for the first time in three days, with all sectors in the red except for energy and mining stocks.

Lynas sticks to stockpiling strategy

Lynas Corporation won't cash in on the sharp short-term increase in rare earths prices related to the US-China trade war, saying it will stick to the long-term strategy it announced last month.

Minister seeks axing of construction union

Industrial Relations Minister Christian Porter says the peak construction and mining union should be deregistered and he's prioritising laws that could help make that happen.

ASX opens flat despite Wall Street gains

The Australian share market has opened flat despite gains on Wall Street overnight.

Gold nears 6-year high on US Fed cut hints

Gold prices surged to a near six-year peak overnight after the US Federal Reserve bank signalled it was ready to cut interest rates as early as next month to boost growth, triggering a sharp fall in the US dollar.

Oil jumps 5% on Iran-US drone tension

Oil soared more than five per cent overnight after Iran's army shot down a US military drone, raising fears of a military confrontation between the two countries.

Market closes up 39.3pts

The Australian share market has closed higher for a third day, with gains in most sectors and gold miners a standout as the price of the precious metal jumped to a six-year high.

NAB makes $2bn, five-year tech funding pledge

National Australia Bank says it's putting its money where its mouth is by allocating $2 billion to boost high-growth tech companies over the next five years. 

ASX opens flat as miners slide

The Australian share market has opened flat with early losses for the energy and mining sectors.

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WA's unemployment rate rises again

Western Australia was the only state in the country to record both a decrease in employment numbers and an increase in its seasonally adjusted unemployment rate for May.

Charges over WA Army base work injuries

Three companies have been charged over serious injuries suffered by two workers during the redevelopment of Campbell Barracks in Perth.

Dorado oil find 'bigger than expected'

Santos and Carnarvon Petroleum say they have confirmed the discovery of a major oil and gas resource off the coast of Western Australia.

Pauline Hanson to block coalition tax cuts

Pauline Hanson has declared she will not support the coalition government's tax cuts when federal parliament returns next month.

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Minimum wage to increase $21.60 a week

Australia's lowest paid workers will get a $21.60 a week pay rise.