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.

$A slips against $US on strong jobs data

The Australian dollar is a little lower against its US counterpart which has strengthened following strong US jobs data.

Oil rises nearly 2% on China demand

Oil prices have risen almost two per cent on Friday, helped by rising Chinese crude demand and threats of a strike in Africa's largest oil exporter.

$US rise pushes gold lower

Gold prices prices hovered above a four-month low on Friday and were on track for their biggest weekly fall since May after progress on US tax reform fuelled optimism about the US economy and boosted the dollar.

RugbyWA out of voluntary administration

RugbyWA is out of voluntary administration after Rugby Australia waived a legal debt of more than $1 million.

Shark finder changes name for bigger bite

The Australian maker of a sonar-based shark detection system, which was recently adopted for trial in southern California, has dropped its toothy name as it chases bigger fish.

Rebounding banks lead Aust shares higher

The Australian share market has ended the day comfortably higher with an end-of-week rally across most sectors, led by a jump in energy stocks.

Aust shares gain further ground

The Australian share market has gained ground in early trade, thanks to a lift in oil prices and a positive lead from Wall Street.

$A slides further, flirts with 75 US cents

The Australian dollar is flirting with the 75 US cent mark after continuing its slide against its steady US counterpart.

Gold touches 4-month low as $US firms

Gold has fallen one per cent, hitting a four-month bottom below its recent trading range, as Wall Street stocks rose and the US dollar strengthened on optimism about passage of a US tax overhaul.

Oil up over 1% on Nigeria strike fears

Oil prices have climbed more than 1 per cent on Thursday due to a threatened strike in Nigeria and as traders cover shorts after sharp losses the previous day brought on by an unexpectedly large rise in US stocks of refined fuels.

Big lenders lead Australian market higher

Australian shares have closed higher after a strong day for the big four banks and most other heavyweight stocks.

Australian shares ignore negative leads

Australian shares are higher in early trade, ignoring a negative lead from the US where strength in technology stocks were unable to offset losses in energy shares after oil prices dropped.

$A continues to slide against $US

The Australian dollar has slipped against its US counterpart which has continued strengthening amid optimism for US tax reform, lawmakers' efforts to avert a government shutdown.

Oil at 2-wk low on surprise US stock rise

US crude has tumbled nearly three per cent on Wednesday, its biggest daily decline in more than two months, after a sharp rise in US inventories of refined fuel suggested demand may be flagging, while US crude production hit another weekly record.

Shares fall amid broad profit taking

The share market has closed lower, due to significant falls by healthcare and energy stocks and weakness in the materials and industrial sectors.

Aussies down Poms to take 2-0 Ashes lead

Australia have grabbed a 2-0 lead in the Ashes with a 120-run win at Adelaide Oval, where Josh Hazlewood effectively snuffed out England's hopes of victory during his opening spell on day five of the pink-ball Test.

Incitec Pivot hit by end of BHP contract

Incitec Pivot has warned that its 2020 and 2021 full-year profits will be hit by the end of a contract to supply ammonium nitrate prill to mining giant BHP Billiton.

Wall St, commodities weigh on Aust shares

The Australian share market has slipped in early trade, as overnight declines on Wall Street and a pullback in commodity prices weigh on investor sentiment.

$A is down, flirting with 76 US cent mark

The Australian dollar is weaker against its US counterpart, and back teasing with the 76 US cent mark.

US crude drawdown hope lifts oil

Oil has edged higher, supported by strong demand, expectations of a drop in US crude inventories and an OPEC-led deal to extend oil output cuts.

Gold falls to 2-month low as $USUS bounces

Gold has dropped one per cent to a two-month low as the US dollar rises against a basket of currencies and US stocks rebounded as investors assessed details of the US tax overhaul legislation.

Banks and miners drag market lower

The share market has lost ground as falls in the heavyweight financial, mining and health care sectors outweighed a good session for retailers.

RBA holds rates amid spending uncertainty

The Reserve Bank has left the cash rate unchanged at 1.5 per cent, with the central bank remaining concerned about sluggish spending and wages growth despite an improving jobs market.

Banks drag down Australian share market

The Australian share market has fallen in early trade as the big banks remain in the doghouse with investors.

$A is steady against a stronger greenback

The Australian dollar is steady against a stronger greenback which lifted following the US tax reform bill's passage through the Senate.

Oil eases on profit-taking

Oil has fallen more than one per cent on on profit-taking as the market eyed signs of rising US production, though prices remained close to recent two-year highs thanks to last week's decision by OPEC and other producers to extend output cuts.

Gold slips on $US after tax bill progress

Gold prices have fallen toward the four-week lows hit last week as the US dollar has strengthened after the US Senate approved a major tax overhaul and the market looked ahead to a meeting of the Federal Reserve later this month.

Shares end flat as miners balance banks

The Australian share market has closed steady, as regulatory risk weighed on the country's major banks and surging iron ore futures rallied the miners.

Crown hit by China class action

Crown Resorts will "vigorously defend" Federal Court proceedings after the casinos operator was hit with a class action alleging it did not give shareholders enough information about risks it was taking in China.

Metcash lifts HY profit despite IGA woes

Grocery wholesaler Metcash has lifted first-half profit by 24 per cent to $92.9 million, despite a drop in sales across its supermarkets business, with WA sales hit by increased competition and soft economic conditions.

Aust shares tread water in early trade

The Australian share market is slightly higher in early trade, with investors uncertain of the direction after a volatile Friday session on Wall Street.



Morning Headlines

Novo cruels Pilbara gold rush

BHP expects to deliver $2.2bn in cost cuts

BHP Billiton expects to lower costs in its Australian mining operations by a further 10 per cent, and has forecast the division will deliver $US1.6 billion ($A2.2 billion) in productivity gains over the next two years.

Oroton collapses into administration

Oroton stores will operate as usual after the 79-year-old Australian luxury handbag retailer collapsed into voluntary administration.

Telstra shares sink on NBN rollout delay

Telstra shares have sunk after NBN Co said it would temporarily suspend the National Broadband Network rollout to work on improving the quality of the service.