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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 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.

Gold firms as $US dips after Fed minutes

Gold has risen about one per cent, shaking off two days of losses, as the dollar edged lower after the release of the minutes from Federal Reserve's July meeting at which policymakers voted unanimously to keep US interest rates unchanged.

Shares close 27pts higher

The Australian share market has closed higher on a day of mixed company earnings results, with market heavyweights Commonwealth Bank and Suncorp down as they traded ex-dividend.

Seven West makes $744m loss

Seven West Media chief executive Tim Worner has wrapped up a controversy-laden year with a pay cut as the company suffered a $744 million loss, courtesy of persistent weak ad revenues and a massive writedown on its broadcast licences.

Write-down drags Iluka to $81m loss

Iluka Resources has widened its first-half loss to $81.5 million, from a $20.9 million loss in the prior corresponding period, dragged down by a $165 million hit in impairment and redundancy costs.

Shares open 5pts higher

The Australian market has opened comfortably higher following mainly positive early earnings reports, and after Wall Street closed with its key indexes little changed.

$A is down sharply against $US

The Australian dollar is fallen sharply against its US counterpart which has lifted on strong US data.

Oil falls on $US lift, China demand worry

Oil prices have fallen, extending the prior session's heavy sell-off as the US dollar has risen more and as signs of weaker petroleum demand in China weighs the market down for a second day.

Gold falls on strong $US, N Korea tension

Gold has fallen nearly per cent, down for a second day after better-than-expected US economic data and easing tensions over North Korea encouraged investors to buy riskier assets, boosting stocks, the US dollar and bond yields.

Shares close 27pts higher

The Australian share market rose as the majority of sectors enjoyed gains, though Domino's Pizza plunged after failing to meet its profit forecasts.

Santos takes $877m hit due to oil prices

Oil and gas producer Santos will book an impairment charge of $US690 million ($A877 million) in its half-year results due next week after lowering its oil price forecasts.

Home loans focus in ANZ's $1.79bn profit

ANZ Banking Group has reported a third-quarter cash profit of $1.79 billion, helped by strong growth in owner-occupier mortgage lending.

Shares open 44pts higher

The Australian market has opened sharply higher as tension over North Korea ebbs, and investors are lured back to equities.

Oil prices fall 2.5% on strong $US

Oil prices have tumbled more than 2.5 per cent in volatile trade, as US dollar strength and weak domestic demand data in China hammered prices that had received a short-lived boost on concerns about potential reductions in crude supply from Libya.

Gold falls as North Korea tensions ease

Gold prices have fallen by half a per cent, retreating from last week's two-month highs, as US dollar strength and the easing of tensions between the United States and North Korea pushed prices lower.

Shares close 37pts higher

The Australian share market has closed higher after weak US inflation figures dampened prospects that the US Federal Reserve and other central banks will raise interest rates later this year.

Santos to supply gas to SA power plant

Oil and gas producer Santos has signed an agreement to supply gas to Engie's Pelican Point power station in South Australia.

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.

Newcrest boosts payout despite profit slip

Newcrest Mining has posted a lower-than-expected full-year profit after an earthquake at its biggest mine cut production earlier in the year.

Narev exit 'not rushed' by court case: CBA

Commonwealth Bank of Australia chief executive Ian Narev will step down by the end of June after Australia's largest bank decided to deal with speculation over his position following allegations the lender breached money laundering and terrorism-financing laws.

JB Hi-Fi delivers record profit

Electronics retailer JB Hi-Fi has reported strong sales growth for the 2017 financial year and says it expects that to continue heading into the peak Christmas trade.

Shares open 20pts higher

Australian shares have lifted in early trade, with investors cautiously buying into beaten-down stocks after a widespread drubbing on Friday that wiped nearly $23 billion from the value of the loca

$A up as inflation data pulls $US lower

The Australian dollar is higher against its US counterpart which has eased after disappointing US inflation data.

Oil prices lift amid higher global demand

Oil prices have risen slightly in volatile trading as the market weighed lower US crude stocks, Nigerian instability and strong global demand growth against a persistently slow rebalancing.

Gold buoyed by global tensions, US CPI

Gold prices have climbed to two-month highs, rising for the fourth straight day as investors sought refuge amid escalating tensions between North Korea and the United States, while bullion also received support from weak US inflation data.

Shares close 67pts lower

Increasing tension between the US and North Korea has sparked a widespread sell-off that has wiped almost $23 billion from the Australian share market.

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.

NAB lifts profit after rate hikes

National Australia Bank's mortgage rate hikes have helped the lender lift third-quarter cash profit 5 per cent to $1.7 billion.

NBN services pass 2.5m

More than 2.5 million Australian families, individuals and businesses are now going online through the National Broadband Network, the competition watchdog says.

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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.