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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.

Woodside puts near-term focus on cashflow

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.

Bank levy will cost $260m: Westpac

Westpac says the government's new bank levy will hit its second-half profit by $65 million and will be the equivalent of a 4.3 per cent cut to dividend over a full financial year.

Shares open 32pts higher

The share market has opened higher following strong leads from Wall Street.

$A is stronger against $US

The Australian dollar is firmly higher against its US counterpart as the US dollar index falls to its lowest level in six months.

Gold heads for biggest gain in 5 weeks

Gold has risen as the US dollar softened on political turbulence in the United States, boosting bullion's safe-haven appeal.

Oil at one-month high

Oil prices have risen, closing out a second week of gains on growing expectations that OPEC and other producing countries will agree next week to extend output cuts.

Shares close 10pts lower

The Australian share market has closed lower as investors offload banking stocks amid political uncertainty in the US.

Penalty for land clearer

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

Shares open 9pts lower

The Australian market has opened slightly weaker despite a positive lead from US markets overnight, with modest gains among the miners failing to offset declines by big banks.

Wall Street gets a bump after Trump slump

Wall Street has rebounded from its biggest sell-off in more than eight months with help from a move to loosen internet regulations and strong economic data.

Aussie dollar slips after USD rebound

The Australian dollar has slipped back against the US dollar, which rebounded along with the major US share markets following appointment of a special counsel to head a key federal investigation in the US.

Oil rises on hopes of supply cut extension

Oil prices settled higher on Thursday, as key producing countries suggested they would extend supply cuts to reduce an ongoing global crude glut.

Shares close 47pts lower

The share market has fallen for a second straight day as political uncertainty around US President Donald Trump sours risk appetite.

Fresh Fairfax offer fires up bidding war

The prospect of a bidding war for Fairfax Media between two US private equity funds has driven the company's shares to a fresh six-year high.

Wright estate fights Mead's $25m will win

The estate of the late Perth mining billionaire Michael Wright is fighting a court decision that awarded $25 million to his youngest daughter, Olivia Mead, arguing the $3 million he left her was enough.

Virgin Australia's losses widen

Virgin Australia is likely to post an annual underlying loss after a subdued domestic travel market and Cyclone Debbie contributed to an increase in its loss for the third quarter of the financial year.

Optus profit down 12%

Increased price competition and greater content costs have helped push Optus's full-year profit down 11.8 per cent to $794 million.

Shares open 69pts lower

The Australian market has opened sharply lower following a slide on Wall Street over concerns U.S. President Donald Trump reportedly tried to interfere with a federal investigation.

Wall St tumbles as reform hopes fade

The S&P 500 and the Dow notched their biggest one-day fall since September 9 as investor hopes for tax cuts and other pro-business policies faded after reports that US President Donald Trump tried to interfere with a federal investigation set off alarm bells on Wall Street.

Aussie dollar climbs on US dollar weakness

The Australian dollar edged higher against the US dollar, which fell along with the major US share markets on worries over the stability of the Trump administration.

Oil rises on US inventory draw down

Oil prices settled at a two-week high on Wednesday after U.S crude inventories declined for the sixth straight week, a positive sign for markets ahead of next week's OPEC meeting, where major oil producers are expected to extend supply cuts.

Shares close 64pts lower

The share market has posted its biggest fall in almost two months as the battle between the Turnbull government and the big banks over a proposed $6.2 billion bank levy weighs on investor sentiment towards the financial sector.

McGowan calls on resources companies to do more

Premier Mark McGowan says he would like the resources companies that make large profits out of the state's resources to do more when it comes to paying tax and fulfilling other corporate responsibilities, such as providing local jobs and content.

Wesfarmers ends Officeworks IPO talks

Wesfarmers has decided against spinning-off its Officeworks stores via an initial public offering due to the market's current dim view of retail stocks.

Shares open 36pts lower

The Australian market has opened lower despite another record close for the Nasdaq in the US.

Wall St at record highs on tech gains

The S&P 500 and the Nasdaq is drifting higher to hit record intraday levels, supported by gains in technology and consumer staple stocks.

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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.

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.

First sod turned at new Henderson facility

Civmec has begun constructing what it says will be Australia's biggest undercover shipbuilding facility in Henderson, confident it will have enough work even before offshore patrol vessel contracts are awarded by the federal government later this year.

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.