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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 2.6pts higher

The Australian share market has eked out a tiny gain to close higher for a sixth straight session, despite a mixed performance in the heavyweight banking and mining sectors.

Major petroleum tax overhaul rejected

A new report has rejected changes to tax rules that some advocates say could have reaped billions of dollars in extra revenue from the LNG industry.

Westpac to reduce lending to coal projects

Westpac appears to have ruled out funding the controversial Adani mine by limiting lending to basins that are already producing thermal coal.

Jetstar angered by 'worst airline' survey

Jetstar has lashed out at a passenger survey that ranked the Qantas-owned budget carrier one of the worst airlines in the world.

Shares open 22pts lower

The Australian share market has opened slightly lower, following soft leads from Wall Street's Dow Jones and S&P500 and a fall in oil prices.

$A hits 4-month low against $US

The Australian dollar is down against its US counterpart, hitting a four-month low after US president Donald Trump again targeted the imports issue, before retracing some lost ground.

Libya oil restart, petrol demand hits oil

Crude prices are slightly lower after a volatile session, as the restart of two key Libyan oilfields and concerns about lacklustre petrol demand feed concern over whether major oil producers can alleviate the glut of global inventories.

Gold falls as Trump tax plan boost fades

Gold has resumed its downward slide from a five-month high in mid-April, giving up gains that came after US president Donald Trump announced unfunded tax cuts, while comments from European Central Bank president Mario Draghi weakened the euro.

Shares close 9pts higher

The share market has posted a modest gain as strength in the heavyweight financial sector offset a slump in energy stocks as the federal government flagged potential restrictions on gas exports.

Gas industry weighs impact of export curbs

Major gas exporters on the east coast have promised to ensure higher domestic supplies, but the industry has slammed the federal government's new restrictions on gas exports.

Newcrest eyes FY target despite Cadia hit

Newcrest Mining expects to hit the bottom end of its full-year guidance range as disruptions at its two Australian mines affect production.

Coles sales growth shrinks further

Shares in Wesfarmers have fallen after the company unveiled a mostly weak third quarter for its retail businesses, including softer growth from its supermarket giant, Coles.

Shares open 2.9pts higher

The Australian share market is flat and struggling to gain momentum with a lack of local data and uninspiring leads from overseas failing to excite investors.

$A falls against $US

The Australian dollar is lower against its US counterpart as investors shy away from global commodity currencies, spooked by suggestions the United States may withdraw from the North American Free Trade Agreement (NAFTA).

Oil lower despite draw on US crude stocks

Oil prices have rebounded from early losses after US government data showed a larger-than-expected falloff in crude inventories, which encouraged buying after several days of selling on worries that a global crude glut was persisting despite output cuts by producing countries.

Trump tax plan helps gold lift off 2wk low

Gold has recovered from a two-week low in a late-day move, buoyed by short-covering as US Treasury yields turn lower and the US dollar pares gains after President Donald Trump proposes slashing the US tax rate on corporate profits.

Shares close 40pts higher

The share market has closed higher for a fourth straight session, while the Australian dollar has fallen due to weaker-than-expected inflation numbers.

First sod turned at new Henderson facility

Civmec has begun constructing what it says will be Australia's biggest undercover shipbuilding facility in Henderson, confident it will have enough work even before offshore patrol vessel contracts are awarded by the federal government later this year.

Inflation returns to RBA's target band

Rising fuel and home prices have helped lift headline inflation into the Reserve Bank of Australia's target band for the first time in more than two years.

BHP cuts copper guidance, updates iron ore plans

BHP Billiton has cut its full-year copper production guidance and outlined plans to sell some of its US shale acreage, while also announcing record iron ore production and reaffirming plans for its South Flank development in the Pilbara.

Shares open 50pts higher

The Australian share market is powering ahead as investors pile in following strong gains on Wall Street and major equity markets across Europe.

Oil prices end tad higher amid volatility

Oil prices settled slightly higher on Tuesday in volatile trading, then were mixed after hours when an industry group's preliminary report showed a surprise build in US crude inventories.

Gold falls after French election

Gold prices fell to a two-week low on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.

$A down against $US on Trump's lumber tax

The Australian dollar is lower against the US dollar following the surprise decision by US President Donald Trump to slap tariffs on Canadian lumber entering the US.

Shares close 17pts higher

The Australian share market has closed in positive territory for a third consecutive session with strength in financial and energy companies offsetting weakness from the miners.

Spotless rejects $1.26bn Downer bid

The board of cleaning and catering company Spotless has rejected mining services group Downer's $1.26 billion takeover bid, describing it as hostile and highly conditional.

Shares open 25pts higher

The Australian share market has opened higher as investors welcome the increased popularity of centrist pro-Euro candidate Emmanuel Macron in the first round of the French presidential election.

$A higher against $US

The Australian dollar is higher against its US counterpart despite the US dollar index stengthening with traders squaring positions ahead of the weekend.

Oil dives, sending US crude below $USUS50

Oil prices have tumbled more than 2 per cent, notching the biggest weekly decline in more than a month on mounting evidence that US production and inventory growth were offsetting OPEC's attempts to reduce the global crude glut.

Gold climbs quietly ahead of French vote

Gold prices have risen slightly with investors awaiting the first-round of voting in the presidential French election at the weekend and possible announcements about tax changes in the United States.

Shares close 32pts higher

The Australian share market has closed higher, boosted by positive overseas leads and a lift in the price of iron ore.

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15-year ban for Perth real estate agent

A Perth real estate agent who forged signatures on fake contracts to pocket $30,000 has been banned from working in the industry for 15 years.

First sod turned at new Henderson facility

Civmec has begun constructing what it says will be Australia's biggest undercover shipbuilding facility in Henderson, confident it will have enough work even before offshore patrol vessel contracts are awarded by the federal government later this year.

BHP cuts copper guidance, updates iron ore plans

BHP Billiton has cut its full-year copper production guidance and outlined plans to sell some of its US shale acreage, while also announcing record iron ore production and reaffirming plans for its South Flank development in the Pilbara.

Fears for Cockatoo Island mine seawall integrity

Water is being pumped out of a disused iron ore mine on a Western Australian island after pit walls slumped, sparking fears it could collapse and contaminate the ocean on the other side.

most commented

Corporate opposition to 457 visa axing

Parts of corporate Australia have attacked the federal government's axing of 457 immigration work visas, claiming it is a politically driven move and unfairly targets less than 1 per cent of the workforce.

Sympathy but no action on WA GST: Morrison

Treasurer Scott Morrison insists Western Australia's low share of the GST carve up is not his doing, saying he understands the state's frustration but won't intervene.