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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 26pts lower

The share market has lost ground as investors moved cautiously ahead of a speech by US Federal Reserve chair Janet Yellen which could provide clues on the timing of a US interest rate hike.

Aust Post delivers profit, loses in mail

Australia Post has returned to profit despite a record decline in letter volumes.

Shares open 23pts lower

The Australian share market has opened lower.

International oil prices lift

Oil prices have risen one per cent on US-Iran military tensions in the Gulf and speculation the US dollar will fall on a monetary policy speech due from the US Federal Reserve chair.

$A is steady ahead of key US Fed speech

The Australian dollar is slightly lower against the greenback as traders wait for US Federal Reserve chair Janet Yellen to speak at a global central bankers meeting.

Gold falls to a four-week low

Gold has hit four-week lows, under pressure from upbeat US data in the run-up to a speech by Federal Reserve Chair Janet Yellen this week that will be watched for clues on monetary policy.

Shares close 19pts lower

Resource heavyweights, including Rio Tinto and BHP Billiton, weighed on the Australian share market on Thursday amid another wave of mixed company earnings results.

One Nation's Culleton cops $205k bill

A judgement ordering One Nation senator-elect Rod Culleton and his wife to pay former Wesfarmers director Dick Lester more than $200,000 in damages has been upheld.

Nine turns from US shows to lift ratings

Nine Entertainment has negotiated its way out of a costly contract to broadcast US TV shows and is refocusing on local content in response to disappointing ratings.

Barnett accuses Poynton of interference

Businessman John Poynton has denied interfering in Premier Colin Barnett's leadership of the state government amid an outcry about a poll commissioned by powerful businessmen showing the Liberal Party on track to lose the March election.

Woolworths falls to $1.23bn loss

Woolworths has slipped to a $1.23 billion full-year loss after a big decline in earnings from its Australian food and drink business and more than $2.6 billion of write-downs.

South32 slumps to $2.1bn loss

Diversified miner South32 has slumped to a net loss of $US1.62 billion ($A2.13 billion) in its first full year as a listed company, after taking heavy write-downs in its manganese, coal and alumina operations to reflect the downfall in commodities prices.

Shares open 17pts lower

The Australian share market has opened lower.

Gold falls one per cent

Gold has dipped one per cent to a four-week low as the US dollar has strengthened and markets look ahead to a speech by Federal Reserve Chair Janet Yellen that will be closely watched for further clues on US interest rate policy.

$A firms up ahead of Yellen speech

The Australian dollar is trading higher against the US greenback as the market considers the prospects of a US interest rate rise ahead of a highly anticipated speech by US Federal Reserve chair Janet Yellen.

Shares close 7pts higher

The share market has edged higher as gains by the banks and resources giants offset falls by Wesfarmers and Telstra amid a raft of earnings reports.

Evolution in $880m Glencore deal

Evolution Mining will pay Glencore $880 million in a deal to take an interest in the Ernest Henry copper and gold mine in Queensland.

Record residential vacancies in Perth

Perth's residential rental vacancy rate has reached a record high of 5.2 per cent with 10,738 homes currently untenanted, according to property group SQM Research.

Woolies in $1.5bn Masters exit deal

Woolworths has announced its exit from the home improvement sector, with all of its Masters stores to close in early December and the properties to be redeveloped by a private consortium, while its Home Timber & Hardware business is to be sold to Metcash.

Target write-downs offsets Coles earnings

Strong profit results from Wesfarmers' Coles and Bunnings stores have been overshadowed by hefty write-downs linked to Target and its coal assets.

Qantas delivers $1.03bn profit

Qantas shareholders will receive another $500 million of capital after Australia's biggest airline delivered an 84.7 per jump in annual net profit to $1.03 billion, thanks to benefits from its operational overhaul and lower fuel prices.

Shares open 4.4pts higher

The Australian share market has opened flat.

$A down on US housing sales jump

The Australian dollar is down after optimism about US housing sales increased optimism about a rate rise in the world's largest economy.

International oil prices lift

Oil prices have risen after reports that Iran was sending positive signals it may support joint OPEC action to prop up the market, before the market pared gains on trade data showing a surprise build in US crude stocks.

Gold is largely unchanged

Gold is largely unchanged as markets shifted focus from hawkish comments by a Federal Reserve official over the weekend to a meeting of global central bankers later this week that might provide hints on the timing of a US interest rate increase.

Shares close 38pts higher

The Australian share market has closed higher across most sectors, driven by gains in banks and health stocks.

Vocus wants to be 'most loved telco'

Vocus Communications is targeting the consumer market and has its sights on becoming Australia's "most loved telco", after its full-year profit more than trebled in the wake of mergers with M2 Group and Amcom.

Scentre bullish as Dick Smith gaps filled

The collapse of Dick Smith has highlighted the trends and challenges facing Scentre Group's Westfield shopping centres.

Shares open 16pts higher

The Australian share market has opened higher.

$A rebounds against greenback

The Australian dollar has rebounded after US treasury yields and the greenback fell as oil prices dropped about three per cent.

Gold prices hit two-week low

Gold prices have hit a two-week low as upbeat comments from Federal Reserve officials on the US economy boosted expectations that the central bank could lift interest rates sooner rather than later.

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Woolies in $1.5bn Masters exit deal

Woolworths has announced its exit from the home improvement sector, with all of its Masters stores to close in early December and the properties to be redeveloped by a private consortium, while its Home Timber & Hardware business is to be sold to Metcash.

Barnett accuses Poynton of interference

Businessman John Poynton has denied interfering in Premier Colin Barnett's leadership of the state government amid an outcry about a poll commissioned by powerful businessmen showing the Liberal Party on track to lose the March election.

Oswals, ANZ close to settling case

Pankaj and Radhika Oswal are close to settling their legal battle with ANZ Banking Group, but are unlikely to end up with the $1.5 billion to $2.5 billion they wanted.

Record residential vacancies in Perth

Perth's residential rental vacancy rate has reached a record high of 5.2 per cent with 10,738 homes currently untenanted, according to property group SQM Research.

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Fortescue ups dividend as profit jumps

Fortescue Metals Group has hoisted its final dividend to a record high after a partial rebound in iron prices and lower costs helped the Pilbara miner more than treble full-year profit.

WA jobless rate rises to 6.3%

Western Australia's unemployment rate jumped from 5.7 per cent to 6.3 per cent in July, according to new data.