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Shares close 43pts lower

The share market has closed lower with most sectors in negative territory led by a heavy sell-off among the big four banks.

NAB, Westpac move on mortgage rates

National Australia Bank and Westpac have raised interest rates on certain types of mortgages as Australia's biggest lenders seek to offset some of the pressure on their margins.

Duet receives $7.3bn takeover offer

Shares in DUET Group have jumped 16 per cent after the energy utility operator confirmed it has received an indicative and conditional takeover offer from Hong Kong billionaire Li Ka-Shing's Cheung Kong Infrastructure.

Shares open 47pts lower

The Australian share market has slipped lower in early trade as investors brace for fresh uncertainty sparked by exit poll results from the Italian referendum on constitutional reforms.

Gold rises despite US jobs data

Gold edged higher on Friday, climbing for the first time in four sessions as it shrugged off data showing rising US job numbers, with analysts saying that an expected rise in interest rates had already been priced in.

$A strengthens on US dollar pullback

The Australian dollar has risen against the US dollar as the greenback gives up some of its post-election gains.

Oil rallies for best week in over 5 years

Oil prices rallied for their best week in at least five years on Friday, steadying above $US51 a barrel, following OPEC's decision to cut crude output to rein in a global glut that has weighed on prices for more than two years.

Shares close 56pts lower

The share market ended the week with a fall of 1 per cent, with investors cautious ahead of the release of US jobs data and Sunday's Italian constitutional referendum.

Perth hospital delays weigh on PMH staff

Staff at Perth's ageing Princess Margaret Hospital are said to be under strain as maintenance work slows and supplies run low in anticipation of the move to the long-delayed new children's hospital.

State to close NDIS deal with fed govt

The federal government is on the brink of striking a deal with Western Australia to let the state run the National Disability Insurance Scheme locally.

Jetstar to end pre-ticked booking extras

Jetstar will stop automatically adding extras such as travel insurance to its customers' online bookings, as Australia's consumer watchdog looks to prevent travellers from paying unnecessary costs.

Graincorp's US suitor pulls the pin

Graincorp's biggest shareholder, Archer Daniels Midland, has sold its 19.9 per cent stake in the Australian grain merchant for about $387 million, three years after its failed $3.4 billion takeover bid.

Shares open 8pts lower

The Australian share market is slightly lower in early trade, after a mixed end from Wall Street overnight and a continued push in oil prices.

S&P, Nasdaq dragged lower by tech

A sharp decline in technology stocks pulled both the Nasdaq and the S&P 500 indexes into the red on Thursday, while the Dow managed to notch a record closing high with a lift from bank and energy shares.

Gold hits 10-month low

Gold hit its lowest since February on Thursday, extending losses after its biggest monthly decline in more than three years, as a surge in oil prices boosted bond yields, denting interest in non-yielding gold as an alternative investment.

$A steady against greenback

The Australian dollar is flat against the greenback, which lost ground as oil prices continued to rally on the back of OPEC's agreement to cut oil production.

Oil soars after OPEC output deal

Oil prices surged 4 per cent on Thursday, with Brent crude at its highest in about 16 months, extending gains after OPEC and Russia agreed to restrict output to reduce the global supply glut more quickly.

Shares close 59pts higher

The Australian share market has jumped more than 1 per cent, driven by a surge in energy stocks after the world's leading oil producers agreed to cut oil production for the first time in eight years.

Shares open 32pts higher

he Australian share market has kicked off with gains in early trade as investors cheer an agreement between the world's largest oil exporters to cut output for the first time in eight years.

US dollar surge pushes $A below 74 cents

The Australian dollar has dropped more than three quarters of a cent against a US dollar that has surged on positive economic data.

Oil surges more than 10% on OPEC hope

Oil has soared more than 10 per cent to over $US50 a barrel and its highest in a month as some of the world's largest producers agree to curb production for the first time since 2008 in a bid to support prices.

Gold falls on upbeat US economic data

Gold has fallen to nearly a 10-month low, adding to its deepest monthly price declines in more than three years as strong US economic data and higher US Treasury yields buoy the US dollar, further cementing the case for a December rate increase.

Wall St posts sharp November gains

US stocks ended with big gains for November on Wednesday thanks to a sharp post-election rally, but the S&P 500 finished the day flat as drops in utilities and technology offset energy's surge.

WA women earning $43,000 less than men

Western Australian women have gone backwards in terms of the gender pay gap, with full-time workers earning on average 30.9 per cent - or $43,000 a year - less than men.

Shares close 17pts lower

Steep falls across the mining and energy sectors have driven the Australian share market lower.

Medibank makes plan to heal market decline

Medibank boss Craig Drummond has committed to halting the decline in the private health insurer's market share by overhauling its approach to customers.

Shares open 9.9pts lower

The Australian share market has kicked off the trading session lower, due to renewed pressure on resource and energy companies, including Rio Tinto, BHP Billiton and Woodside Petroleum.

Oil falls almost 4% on OPEC fears

Oil has slumped four per cent as OPEC's leading oil exporters struggle to agree on a deal to cut production to reduce global oversupply and boost prices, with Iran and Iraq at loggerheads with Saudi Arabia a day ahead of meeting.

Gold falls on US rate rise expectation

Gold prices have fallen due to expectations of rising US interest rates and improving sentiment for global economic growth, which mean investors are likely to favour risk assets such as equities.

$A creeps higher as greenback eases

The Australian dollar is marginally higher against its US counterpart after gains in the greenback fizzled out following strong third quarter US economic growth data.

Shares close 7pts lower

Falls in resource, energy and telecom companies, including Rio Tinto, BHP Billiton and Vocus Communications have dragged the Australian share market lower.



SA hands worst-unemployment title to WA

Unemployment in Western Australia surged last month, placing it ahead of South Australia as the worst-performing state in October.

Perth trader sentenced to US jail

Former Rabobank trader Paul Thompson wept as he asked a New York judge for mercy, but his emotional plea failed to save him from jail time in a US prison.

$A bashed on Trump economic concerns

The Australian dollar has been bashed amid market concerns about the potential impact of US President-elect Donald Trump's policies on the Australian economy.

How Trump could boost global growth: CBA

A Donald Trump presidency is likely to lift global economic growth and will likely result in improved commodities prices that will benefit Australia, according to economists at Commonwealth Bank of Australia.

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Medibank makes plan to heal market decline

Medibank boss Craig Drummond has committed to halting the decline in the private health insurer's market share by overhauling its approach to customers.

Australia could be mining epicentre: Rio boss

Australia could become the epicentre of global mining if it had more ambition and more competitive tax policies, says the chief executive of mining giant Rio Tinto.

Rio sacks execs linked to Africa payments

Global miner Rio Tinto has sacked two top executives who it sidelined last week over their role in a payments scandal related to the Simandou iron ore project in West Africa.

WA disabled care homes to shut, funds axed

Parents of children with severe disabilities are demanding answers from Western Australia's Disability Services Commission after funding for their care centre was cut.