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Shares close 17pts higher

The share market has posted a fourth straight day of gains to hit its highest level since late August.

Morrison approves Kidman sale to Rinehart

After originally blocking the sale of land and cattle empire S Kidman & Co to Chinese buyers, Treasurer Scott Morrison has approved a joint bid with mining magnate Gina Rinehart and her Chinese partners.

Shares open 3pts higher

The Australian share market has kicked off flat on Friday after gaining 2.6 per cent over the past three trading sessions, despite record highs on Wall Street.

Aussie dollar slips on ECB stimulus

The Australian dollar has slipped against its US counterpart with the greenback rising after the European Central Bank extended its quantitative easing program by nine months.

Wall Street again marks new highs

Major US stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on.

Gold slips after ECB decision

Gold retreated into the red on Thursday after the dollar rebounded on the back of a decision by the European Central Bank to extend monthly asset purchases until next December albeit at a lower monthly level.

Oil above $50 on hopes for non-OPEC cuts

Oil rebounded from the week's lows to close above $US50 a barrel on Thursday, on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production.

Shares close 65pts higher

Strong investor support for financial and mining stocks has driven a third straight day of gains and taken the market to a near four month high.

Woolies win in ACCC supplier payments case

A federal court judge has cleared Woolworths of unlawfully seeking payments from suppliers to boost its bottom line, dismissing a case brought by the competition watchdog.

Iluka to spend up to $290m in Sierra Leone

Mineral sands miner Iluka Resources could spend more than $290 million on ramping up production, streamlining operations and improving safety at Sierra Rutile after completing a merger with the Sierra Leone-based miner.

Shares open 46pts higher

The Australian share market has opened broadly higher with banks and miners leading a year-end "Santa Claus rally".

Dow, S&P; 500 surge to highs

Wall Street surged on Wednesday, with the S&P 500 and Dow hitting fresh record intraday highs, as equities continued their march upward after the presidential election of Donald Trump, even as his comments on prescription drug pricing wounded the healthcare sector.

Aussie dollar stronger on iron ore prices

The Australian dollar has strengthened against its US counterpart and is once again heading toward 75 US cents.

Oil prices ease on doubts over cut impact

Oil prices eased overnight on bearish US petroleum inventory data and doubts that production cuts promised by OPEC and Russia would be deep enough to end a supply overhang that has weighed on markets for more than two years.

Gold rises further from 10-month low

Gold rose further from this week's 10-month low overnight as the US dollar eased against the euro ahead of a European Central Bank meeting, and on the view that a US rate rise next week was already reflected in prices.

Shares close 49pts higher

The share market closed nearly 1 per cent higher, boosted by a positive session on Wall Street and confidence the resources sector will continue to improve.

TPG reassures in earnings update

TPG Telecom has reaffirmed its annual earnings guidance in a bid to ease investor concerns, a week after rival Vocus Communications spooked the market with its worst-than-expected earnings update.

Nation halfway to recession, GDP down 0.5%

A perfect storm has pushed Australia's economy halfway to recession, but economists are optimistic about a year-end rebound.

Iluka revives $375m takeover

Mineral sands miner Iluka Resources has revived its $375 million takeover of Sierra Rutile, a week after the deal fell under a cloud due to geotechnical risks at the target's tailings dams.

Shares open 33pts higher

The Australian share market has opened more than half a per cent higher in the wake of a positive lead from US markets and confidence among investors.

Banks, telecoms lead Wall St up

Wall Street has climbed as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high.

$A on hold as investors await GDP

The Australian dollar is nearly flat with traders taking a breather ahead of the release of Australian GDP figures and next week's US interest rates meeting.

Gold near 10-month low, US rates in focus

Gold hovered near 10-month lows on Tuesday as the market braced for an increase in US interest rates this month and anticipated more monetary tightening next year.

Oil falls on output cut scepticism

Oil prices overnight ended lower for the first time in a week since OPEC agreed to cut output on growing scepticism that the cartel would be able to reduce supplies as data showed record high production in most major export regions.

Shares close 28pts higher

Australian shares have held on to positive territory on Tuesday after riding an early boost from a record close on Wall Street.

RBA holds interest rate at 1.5%

The Reserve Bank of Australia is expecting a negative blip in economic growth at the end of this year but is not overly concerned about it.

Origin to spin-off upstream assets

Gas and power retailer Origin Energy has outlined a scaled-back version of its long-anticipated plan to split the company's major businesses.

Shares open 23pts higher

The Australian share market is higher in early trade, bouncing back from Monday's losses as investors follow the lead in European and US markets overnight.

$A gains ground against greenback

The Australian dollar has risen against its US counterpart as investors await the Reserve Bank of Australia's rate announcement and economic outlook commentary.

Oil retreats on doubts cuts can ease glut

US crude futures strengthened Monday before retreating in post-settlement trade as the market lost confidence OPEC cuts would be sufficient to reduce oversupply given increased US drilling.

Gold falls to 10 month low

Gold fell to its lowest price in 10 months as global equities strengthened and investors shrugged off worries of political instability in Italy, while US Treasury yields rose after US economic data.



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.

Nation halfway to recession, GDP down 0.5%

A perfect storm has pushed Australia's economy halfway to recession, but economists are optimistic about a year-end rebound.

$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.

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.

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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.