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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.

Shares close 24pts higher

Broad based gains have driven the Australian share market higher with mining stocks leading the way, supported by a lift in iron ore prices and BHP Billiton's return to a full-year profit.

Seven sells WesTrac China

Seven Group Holdings' shares have surged despite a profit slump, as the diversified group boosted equipment sales to the mining industry and gained $540 million from selling its WesTrac China business.

Ten learned Packer was walking away in May

Ten Network says it did not tell shareholders that James Packer was pulling the plug on his financial support for the troubled broadcaster because his backing was not a factor in its share price.

BHP boosts dividend despite profit miss

BHP Billiton has joined its peers in sharply lifting dividends as stronger prices for iron ore, coal and petroleum helped the global miner post a solid return to profitability.

Shares open 17pts higher

The Australian market has opened solidly higher following the mainly positive lead of Wall Street's key indexes.

$A lifts further against $US

The Australian dollar has extended its gain against its US counterpart as the greenback weakened.

Oil prices fall 2% after end-of-week rally

Oil prices have fallen nearly two per cent ahead of monthly contract expiration, pulling back from last week's rally built on signs the global market is starting to rebalance from chronic oversupply.

Shares close down 21.2 pts

The Australian share market has closed lower, with most sectors in the red as investors reacted negatively to a mixed bag of company earnings reports.

BlueScope slides despite strong US result

Shares in BlueScope Steel have fallen more than 20 per cent despite its full-year profit more than doubling, after the company offered a mixed outlook on the back of rising costs.

Vocus ends KKR, Affinity bidding war

Investors have dumped shares in Vocus after Australia's fourth-biggest telco ended a $2.2 billion bidding war for the company, saying the two suitors were unable to support the buy on the board's terms.

State may sue ARU over Force axing

The Western Australian government is considering suing the Australian Rugby Union for more than $100 million over the decision to axe the Western Force, threatening to bankrupt the body.

Shares start in negative territory

Australian shares have started the week in the red following falls in international markets and dragged down by a sharp loss in BlueScope Steel stocks.

Fortescue raises payouts as profit soars

Fortescue Metals has flagged it will sustain higher payouts for shareholders after a rebound in iron prices and lower costs helped it more than double full-year profit.

Abbott heads west to become teacher's aide

Tony Abbott will be spending the week far from the dramas of parliament, as a teacher's aide in the Kimberley.

$A lifts back above 79 US cents

The Australian dollar is up sharply against its US counterpart back above 79 US cents amid a slight rebound in risk appetite following US President Donald Trump's firing of controversial Trump adviser Steve Bannon.

Oil up 3% as $US falls, US rig count drops

Oil prices have risen sharply, as the dollar fell and US drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while US crude was virtually flat on the week.

Gold near flat after surge to 9-month high

Gold prices have closed little changed after jumping to their highest in more than nine months as the US dollar retreated on political uncertainty in the United States and a suspected Islamist militant attack in Spain boosted bullion's safe-haven appeal.

Shares close 32pts lower

The share market has closed lower after increased political uncertainty in the US sparked a sharp sell-off on Wall Street and soured global risk appetite.

Telcos ordered to block piracy sites

Film distributor Village Roadshow has won in legal proceedings brought against telco services including Telstra, forcing them to block domain names for services used to illegally download movies and other programs.

Shares open 62pts lower

The Australian market has opened sharply lower.

$A slumps against $US

The Australian dollar has fallen more than half a cent against its US counterpart with the greenback strengthening amid euro weakness following the release of European Central Bank's policy meeting minutes.

Oil up on bets US inventories will fall

Oil prices have risen amid renewed attention on US oil stockpile declines after an industry report suggested oil inventories at the Cushing, Oklahoma hub were dropping.

Gold lifts on Federal Reserve caution

Gold prices have risen for a second day after Federal Reserve officials hinted that US interest rates could rise more slowly than expected, while palladium has been lifted to a fresh 16-year high by strong industrial metals markets.

Shares close 6pts lower

The Australian share market has posted a modest fall, dragged lower by a massive sell-off of Telstra shares after the telco said it would cut future dividends.

WA unemployment hits two-year low

Unemployment in Western Australia is at its lowest level in more than two years, with Treasurer Ben Wyatt saying it was pleasing to see the rise in employment driven by full-time work.

WA potato growers unhappy with cash refund

Potato growers say farmers may be forced to accept a $650,000 reimbursement offer from the Western Australian government over a failed legal battle with Perth's maverick 'Spud King', despite it being less than half of what they are owed.

Coles earnings slip, Wesfarmers profit up

Earnings at supermarket giant Coles have fallen for the first time since its acquisition by Wesfarmers nine years ago, as its sales growth slowed further amid stiff competition.

Telstra plummets as dividend cut flagged

Shares in Telstra have plunged to a five-year low as investors react to the telco giant's announcement it will reduce dividends as of the current financial year.

Shares open 6pts higher

The Australian share market is trading higher after an initial opening plunge in the wake of a shock annoucement from Telstra that the telco giant will cut its future dividends.

$A soars high against $US

The outperforming Australian dollar has soared almost one US cent as its counterpart has fallen after US president Donald Trump disbanded two business advisory councils and following Federal Reserve committee minutes.

Oil falls despite steep draw in US crude

Oil prices have fallen more than one per cent even though US crude stockpiles declined by the most in a year, as data suggesting domestic production was edging higher stoked worries about the global crude glut.

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Western Force axed from Super Rugby

The Western Force is set to take the Australian Rugby Union to court after being axed from the Super Rugby competition.

WA egg producer to pay $1m in penalties

One of WA's biggest egg producers has been slugged more than $1 million after it deceived shoppers by falsely labelling some of its products free range, and consumer class action may follow.

Forrest issues warning to ARU

Billionaire mining magnate Andrew Forrest has issued a blunt warning to the Australian Rugby Union - if you want to cut the Western Force, you are going to have to defeat him first.

Western Force wins injunction against ARU

Rugby WA has gained an injunction order against the ARU's decision to axe the Western Force from the Super Rugby competition.

most commented

Western Force axed from Super Rugby

The Western Force is set to take the Australian Rugby Union to court after being axed from the Super Rugby competition.

PM says he has taken on 'cause' of WA GST

Prime Minister Malcolm Turnbull says he has taken on "the cause" of getting Western Australia a fairer deal on GST amid new claims the state will lose another $1.9 billion of the national carve-up.

Ford blamed drivers for faults: ACCC

Car maker Ford's Australian business is facing legal action for allegedly giving customers the bum steer about ‘systemic issues’ concerning transmissions in several of its models, and blaming drivers for the problem.