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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 35pts higher

The Australian share market has resumed its upward course, boosted by expectations of an interest rate cut, and a big lift in the shares of Woolworths after the ailing supermarket giant announced restructuring plans.

Newcrest meets output guidance

Newcrest Mining has scraped into meeting its full-year production guidance, despite posting lower output in the June quarter as it continued to struggle with disruptions at various operations.

Woolworths cuts jobs, slows store rollout

Struggling supermarket giant Woolworths is slashing 500 jobs and will incur a charge of $959 million in its full year results as it continues restructuring its operations.

Shares open 27pts higher

The Australian share market has opened higher.

Oil prices fall amid oversupply fears

Oil prices have settled lower, losing four per cent on the week, after the fourth weekly rise in the US oil rig count added to worries about a global crude glut.

Gold falls more than half of one per cent

Gold prices have fallen, reflecting tension between a global backdrop of easier interest rates and the chance of US monetary policy being tightened before the end of the year.

Market closes 14.2pts lower

The share market has ended the week with a slight fall as investors took profits from a run of 10 positive sessions out of 11.

Vodafone denies TPG push

The owners of third-ranked mobile player Vodafone say they are committed to the Australian market amid mounting speculation that telco provider TPG Telecom could make a play for the group.

NAB in business structure reshuffle

National Australia Bank is overhauling its business structure, folding parts of its wealth management unit into personal banking and separating its business banking into two units, with former Perth executive Cathryn Carver one of the winners.

OZ Minerals says on track to hit FY target

Gold and copper producer Oz Minerals says it is on track to achieve its full-year production guidance, despite an unscheduled plant closure and bad weather during the June quarter.

Santos reaffirms guidance after steady Q2

Energy giant Santos has reaffirmed its full-year production and sales guidance after posting an eight per cent rise in quarterly production and a 25 per cent jump in sales volume.

Shares open 5.4pts lower

The Australian share market has opened lower after Wall Street eased overnight on disappointing company earning results and the European Central Bank's decision to hold fire on stimulus.

Gold rebounds on weaker $US

Gold has rebounded above a three-week low and has risen per cent, as the US dollar fell and the key stock indexes hovered below record highs after the European Central Bank left key interest rates unchanged.

Intel, transports sap Wall Street

Wall Street has cooled off as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a US corporate earnings season that has been better than feared.

$A firms as greenback falters

The Australian dollar has recouped some losses as the greenback slides.

Market closes 23.7pts higher

The share market has hit a fresh 11 month high, with healthcare, energy and financial stocks the main areas of strength.

ACCC waves through Asciano, Metcash deals

The competition watchdog has waved through a $9 billion takeover of rail and ports giant Asciano, and approved Metcash's bid for Woolworths' Home Timber and Hardware business.

Brexit uncertainty for wine sector: Rabobank

The depreciation of the British pound following the UK's decision to leave the European Union could hurt demand for imported wine, including from Australia.

Mt Gibson hits full-year sales guidance

A rebound in iron ore prices has helped Mount Gibson Iron hit its full-year sales guidance, with the junior iron ore miner reporting ore sales volume of 5 million tonnes.

South32 meets FY output guidance

South 32 says it's met its annual production guidance for most of its commodities despite cutting production during the year, and is on course to achieve its FY17 unit cost guidance.

Low oil prices hit Woodside revenue

Woodside Petroleum's second quarter sales revenue and production have fallen due to lower oil prices and an earlier refurbishment at its North West Shelf gas facility.

Oil Search backs down from InterOil bid

Papua New Guinea-focused Oil Search has backed down from a bidding war with global energy giant ExxonMobil, choosing not to raise its near $3 billion bid for New York-listed explorer InterOil.

Market opens 36.8pts higher

The Australian share market has opened higher, with the benchmark S&P/ASX200 breaking though levels not seen for nearly a year.

$A falters with greenback, Wall Street up

The Australian dollar continues to slide as US stocks and the greenback perform.

Gold falls on rising $US

Gold has fallen to its lowest level in three weeks as equities rose and the US dollar hit a four-month high following strong US economic data, which raised expectations the Federal Reserve may raise interest rates before the end of the year.

Oil prices rise amid eased supply concern

Oil prices have risen as much as one per cent, lifting US crude from two-month lows, after the US government reported a ninth straight week of crude inventory draws, easing some concerns in a market worried about a glut.

Market closes 37.4pts higher

The Australian share market has closed higher after Tuesday's release of the minutes of the Reserve Bank of Australia's last board meeting boosted investors' expectations of an interest rate cut in August.

No great surge in inequality as economy grows

The richest 1 per cent of Australians have become less well off in the past eight years, while net wealth in the bottom 10 per cent of households has continued to grow, according to the Melbourne Institute's Hilda survey report.

Australian home owners to become minority

The great Australian dream of owning a home is becoming more of a fantasy, with fewer than half of adults expected to become a home owner in the next few years.

BHP falls just short of iron ore guidance

BHP Billiton has fallen slightly short of its revised iron ore production target for the 2016 financial year as it struggles to make up for the suspension of operations at its Samarco joint venture in Brazil and the impact of bad weather in Western Australia.

Market opens 2.5pts higher

The Australian share market is broadly flat with gains in financial and consumer focused companies offset by resource groups.

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Oswals paid hush money to advisers: court

Indian business couple Pankaj and Radhika Oswal paid two advisers $US26 million ($A34.5 million) in hush money to hide what was really going on at their Australian fertiliser business, a court has heard.

WA One Nation frontrunner in doubt

The top Senate candidate in Western Australia of Pauline Hanson's One Nation party could be ineligible to sit in parliament because he has been convicted of a crime and is still to face trial on a second charge.

State govt wins Roe 8 appeal

The state government plans to cancel a new environmental review of the controversial Roe 8 highway extension project after winning a legal appeal today, but it remains unclear when contracts for the project will be awarded.

No risk assessment before WA Rio fatality

A task-based risk assessment was not performed before a drill fitter was fatally crushed while working on a rig at Rio Tinto's Channar mine in the Pilbara.