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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 4pts lower

The share market recovered most of the ground lost in a poor start to the day but has still closed marginally lower, as weaker iron ore prices weighed on the mining sector.

WA considers minimum price on alcohol

The state government is considering enforcing a floor price on takeaway booze to stop people getting drunk on cheap alcohol, but the opposition says it is a cost impost on households and red tape burden on businesses.

ACCC concerned regulations boost big banks

The competition watchdog has expressed concern that big four bank profits are being boosted by regulation rather than the lenders' own performance.

Seven Group buys out Coates Hire

Kerry Stokes' Seven Group Holdings has announced it will buy the remaining half of its stake in equipment hire company, Coates Hire, for $517 million.

Remuneration boost for Goyder, Mackenzie

Wesfarmers managing director Richard Goyder landed a $12.1 million pay packet in his final full year in charge of the Coles and Bunnings operator, while BHP Billiton chief executive Andrew Mackenzie also lifted his total income, but he remained a long way short of the Perth businessman.

Aust shares open lower

The Australian market has opened weaker with falls across most sectors as investors wait for the outcome of the two-day US Federal Reserve policy meeting.

$A follows US stocks higher

The Australian dollar has followed US stocks higher as as investors stayed away from making major bets ahead of the Federal Reserve's policy meeting.

Oil prices back away from recent highs

Oil prices ended lower on Tuesday, retreating from near five-month highs ahead of a meeting between key oil producers on the outlook for further supply cuts.

Gold prices rise as greenback retreats

Gold rose from the previous day's two-week low as the US dollar slipped ahead of a Federal Reserve meeting that is expected to provide more clues on the pace of US monetary tightening.

Shares up 25.6pts

The Australian share market has closed higher as investors rotate from the mining sector into the big banks as expectations of interest rate hikes strengthen.

ACCC tells car makers to lift their game

The consumer watchdog says some car manufacturers could be breaching Australian consumer law by leaving dealers high and dry over customer complaints.

TPG boosts profit, warns of NBN pressures

Shares in TPG Telecom have soared after the fourth-ranked internet player beat its earnings forecast and delivered a 9 per cent lift in full-year profit.

Wellard to start shipping cattle to China

Shares in Australia's biggest cattle exporter, Wellard, have surged after the company agreed terms for its long-awaited first shipment of beef cattle to China.

Ten creditors vote in favour of CBS bid

Ten Network creditors have voted to accept CBS's bid for the embattled broadcaster, rejecting a rival proposal from Bruce Gordon and Lachlan Murdoch.

Aust shares open higher

The Australian share market has opened higher, with broad-based gains, after US markets lifted to further record highs.

$A is sharply down against $US

The Australian dollar is sharply lower against its US counterpart as the greenback strengthened despite little major news to drive it.

Oil slips, but is still near recent highs

Global crude oil prices have slipped slightly but have stayed close to multi-month highs as traders brace for a potential stockpile build, expected later this week.

Gold slides 1% as $US gains

Gold has fallen one per cent, touching a two-and-a-half-week low, as the US dollar strengthened and US Treasury yields rose ahead of a two-day Federal Reserve meeting, while a world stock market index surged to a record and Wall Street also hit new highs.

Shares close 25pts higher

The Australian share market has closed higher as investors rotate from the mining sector into the big banks as expectations of interest rate hikes strengthen.

WA gold industry holds anti-tax rally

A thousand gold industry members gathered at a rally in Kalgoorlie today to protest the McGowan government’s proposed gold royalty increase.

Gordon loses Ten case

Bruce Gordon has failed in his attempt to derail CBS's takeover of Ten Network after the NSW Supreme Court ruled the embattled broadcaster's administrator gave creditors sufficient information about his rival bid.

Rio Tinto CFO to retire

Rio Tinto chief financial officer Chris Lynch will retire next year after more than four years in the role.

Shares open 24pts higher

The Australian market has opened higher after key US markets hit fresh record highs amid easing concerns around North Korea.

$A creeps up, back to the 80 US cents mark

The Australian dollar has inched higher to creep just above 80 US cents.

Oil holds near five-month high

Brent oil prices have held near five-month highs and were on track for the biggest weekly gain since late July, on forecasts for rising demand and the gradual restart of US oil refineries.

Gold falls on ECB, Fed tightening prospect

Gold prices have fallen after a European Central Bank (ECB) official calls for scaling back the bank's stimulus program, although losses were capped when weaker-than-expected US economic data raised questions about further interest rate hikes.

Shares down 43.7pts

The Australian share market has closed lower for a third consecutive session as North Korea's latest missile launch over Japan spooked investors.

Qantas boss Joyce snares $24.6m payday

Qantas chief executive Alan Joyce's annual pay has soared to nearly $25 million, catapulting him into the ranks of the best-paid bosses in Australian corporate history, after he successfully steered the carrier's turnaround with two consecutive years of profit.

North Korea missile weighs on local market

The Australian share market has opened lower with investors nervous after North Korea fired a missile over Japan for the second time in a month, re-igniting geopolitical tensions.

$A slips slightly against $US

The Australian dollar is slightly lower against its US counterpart which enjoyed a brief boost from US CPI data before turning back lower.

Oil at 5-mth high on weak $US, glut hopes

Oil prices have risen, with Brent closing at a five-month high, as the US dollar weakened and after a string of reports forecasting the market would tighten further as fuel demand increased.

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Scaffidi disqualified for 18 months

Perth lord mayor Lisa Scaffidi has been disqualified from holding any office for 18 months after failing to disclose gifts and travel, but her lawyer will seek to halt the penalty pending an appeal.

Forrest calls on ARU chairman to quit

Andrew Forrest has called on Cameron Clyne to resign, claiming the ARU chairman misrepresented the reasons he chose to axe the Western Force.

Qantas to reroute, upgrade flights

Qantas is changing one of its most popular routes and upgrading the aircraft on another key service as part of a five-year extended partnership with Emirates.

WA company fined $65,000 over mine hazard

A company has been fined $65,000 after a mine worker in the Goldfields region narrowly escaped with his life during a site accident.

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Forrest calls on ARU chairman to quit

Andrew Forrest has called on Cameron Clyne to resign, claiming the ARU chairman misrepresented the reasons he chose to axe the Western Force.

Company fined $70k for skylight fall injury

A roofing company has been fined $70,000 after a labourer was seriously injured when he fell five metres through a skylight in Bicton.

Qantas to reroute, upgrade flights

Qantas is changing one of its most popular routes and upgrading the aircraft on another key service as part of a five-year extended partnership with Emirates.

Crowdfunding sought for WA GST legal fight

A Western Australian Liberals-led High Court challenge over the state's GST share will be partly financed by crowdfunding.