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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.

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.

Bankwest follows rival banks, raises rates

Bankwest is lifting mortgage rates for interest-only loans, following the lead from the big four banks, which already adjusted rates in an attempt to slow down riskier lending. 

FMG likely to appeal native title decision

Fortescue Metals Group is likely to lodge an appeal after the Federal Court recognised the Yindjibarndi people have exclusive rights over Pilbara land where the company operates the Solomon iron ore operation.

Steele-John to replace Ludlam in Senate

The 22-year-old disability advocate set to fill the Greens seat left vacant by Scott Ludlam has vowed to smash stereotypes and represent the interests of the young and disabled in federal parliament.

Shares open 40pts lower

The Australian share market has opened lower with widespread losses, including falls from the heavyweight banks, miners and energy sectors.

$A continues to rise against subdued $US

The Australian dollar has held on to gains after it received a boost from the latest employment numbers which showed another rise in full-time employment. 

Oil prices settle down after early rally

Oil settled lower in choppy trading, as nagging worries about abundant global crude supplies sank prices after an early rally boosted Brent above $50 per barrel for the first time since June 7.

Gold prices up as ECB comments lift euro

Gold prices rose to a three-week high after European Central Bank President Mario Draghi said ECB policymakers would discuss potential changes to the bank's bond-buying scheme in the autumn, lifting the euro to a 14-month high.

Shares close 29pts higher

Another day of strong gains by the major banks, and a rally by energy stocks, has pushed the share market higher.

Evolution hits targets

Evolution Mining has lifted output and cut costs in the June quarter, helping it comfortably achieve its full-year production and cost guidance.

Mixed results for Woodside

Energy giant Woodside Petroleum has posted a 6.6 per cent fall in second quarter production following outages at some of its facilities and lower share of pipeline gas from the North West Shelf. 

South32 output drops for most commodities

Shares in South 32 have fallen after the diversified miner's annual production of several commodities, including coal, dropped and the company missed its full-year production guidance on some of them.

Shares open 25pts higher

The big banks and local energy companies have fuelled a strong start to trade on the Australian share market.

$A strong ahead of employment data

The Australian dollar has continued to make gains, helped by a recovery in iron ore and oil prices and as traders stay bullish ahead of employment data later on Thursday.

Wall St at new highs as tech beats record

The major US stock indices have closed at record highs, helped partly by technology stocks, which surpassed a long-standing mark despite gains on the Dow being capped by a sharp drop in IBM shares.

Gold slips as U.S. dollar recovers

Gold slipped back towards $US1,240 an ounce on Wednesday, after three straight day's of gains, as the U.S. dollar's recovered slightly from a 10-month low.

Banks well placed to build APRA capital

Australia's biggest banks will have to find billions of dollars of extra cash by 2020, but the new requirement does not look like being much of a problem for them.

Shares close 44pts higher

Big gains by the major banks on softer-than-expected new capital requirements have driven the share market higher, while the Australian dollar remains at a two-year high.

BHP hits record iron ore production in WA

BHP Billiton has met full-year production targets in its main iron ore and petroleum businesses, with a record result achieved at its Western Australian operation, but fell just short in its troubled copper business due to an extended strike at a Chilean mine.

PM labels Labor GST document 'waffle'

Prime Minister Malcolm Turnbull has dismissed as "complete and utter waffle" Western Australian federal Labor MPs' submission to an inquiry into the GST.

Shares open 34pts higher

The Australian share market has lifted in early trade on the back of a rally in financial stocks, but weakness in materials and energy stocks is expected to cap gains during the session.

$A holds on to two-year high against $US

The Australian dollar has held on to its two-year high against its US counterpart on the back of an upbeat assessment of the economy in the minutes of the Reserve Bank of Australia's July policy me

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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.

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.

I'll do what's right on GST: Morrison

Treasurer Scott Morrison has rejected warnings the Liberals would face an electoral wipeout in Western Australia if the federal government doesn’t give the state more GST money.

FMG likely to appeal native title decision

Fortescue Metals Group is likely to lodge an appeal after the Federal Court recognised the Yindjibarndi people have exclusive rights over Pilbara land where the company operates the Solomon iron ore operation.

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.

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.