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.

Aussies 2/88 after England's 403

Australia were 2-88 at tea on the second day of the third Test against England at WACA Ground today.

Banks weigh on Aust share market

The Australian share market has closed lower, driven by falls in banking and utilities stocks.

Optus hit with ACCC legal proceedings

The consumer watchdog has launched federal court proceedings against Optus, alleging the telco pressured customers to move to the national broadband network sooner than required.

Crown shares rise on $700m divestment plan

Shares in Crown Resorts have soared after the casino operator announced a string of asset sales that could deliver a windfall of nearly $700 million.

Aust shares start the day on a sour note

The Australian share market has opened lower amid widespread negative sentiment on international bourses.

$A extends its gains against stronger $US

The Australian dollar has extended the gains it made on better-than-expected jobs figures to be higher still against a stronger US dollar.

Gold off 1-week high after strong US data

Gold has dipped slightly, easing off a one-week high as the US dollar rebounded following strong US retail sales data, while palladium rose to its highest since February 2001.

Oil up slightly on pipeline outage support

Oil prices have risen almost one per cent after a pipeline outage in Britain continued to support prices despite data expecting a global crude surplus in the beginning of next year.

England 4-175 against Aussies in 3rd Test

Australia's ferocious short-ball assault and a controversial umpire's call have left England 4-175 at tea on the opening day of the third Ashes Test.

NAB will no longer back new coal projects

National Australia Bank says it will stop lending for new thermal coal mining projects, becoming the first major Australian bank to phase out support for the sector.

Shares fall but jobs growth lifts $A

The share market has lost ground as gains for materials and energy companies were offset by falls in the utilities and property trust sectors, and the Australian dollar has been boosted by strong jobs growth.

ACCC to oppose Woolworths, BP fuel deal

The consumer watchdog plans to oppose the proposed takeover of Woolworths service stations by BP Australia, saying the deal would substantially lessen competition.

US gains trickle through to Aust shares

Australian shares are higher following cues from the US where the Federal Reserve's interest rate rise has buoyed Wall Street stocks.

Gold near 5-month low before Fed decision

Gold prices have hovered near their lowest in nearly five months as investors awaited an expected US interest rate increase and clues from the US Federal Reserve on its plans for further rises next year.

$A almost half a cent higher against $US

The Australian dollar is almost half a US cent higher against the greenback which has weakened after the Federal Reserve raised its interest rate, as expected, but left its outlook unchanged.

Oil slips on US petrol stockpile build

Oil prices have slipped for a second straight day, as a slump in US crude stockpiles was offset by a larger-than-forecast rise in petrol inventories and as US crude output continued to grow to record highs.

Share market edges higher, $A gets a boost

The share market has edged higher as the property sector was boosted by the $33 billion takeover of Westfield, and the consumer staples sector also rose.

Lowe slams bitcoin but e-dollar could come

Reserve Bank of Australia governor Philip Lowe thinks bitcoin is mostly attractive to criminals and speculators but has acknowledged there could one day be an electronic Aussie dollar based on similar technology.

Aust shares slightly higher in early trade

The Australian share market is holding on to gains as investors wait on the sidelines ahead of an expected interest rate rise by the US central bank.

$A continues to climb against $US

The Australian dollar is higher against its US counterpart which itself has risen following strong economic data.

Oil drops after rally on pipeline outage

Oil prices have fallen sharply, as traders take profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.

Gold falls to 5mth low ahead of Fed meet

Gold prices have retreated to a near five-month low as investors brace for a widely expected US interest rate increase this week and look for clues about further rises from the Federal Reserve.

Westfield agrees to $US25bn takeover

Frank Lowy's Westfield Corporation has agreed to a takeover from European property giant Unibail-Rodamco in a deal worth $US25 billion.

Energy giants and miners lift share market

The share market has been buoyed by strength in the heavyweight energy and mining sectors.

ANZ sells life insurer business to Zurich

ANZ has agreed to sell its life and consumer credit insurance business OnePath Life to international insurance giant Zurich for $2.85 billion.

Metals push Aust share market higher

The Australian share market is moderately stronger in early trade amid solid gains from the big miners.

$A continues to creep higher against $US

The Australian dollar is a little higher against its US counterpart which has remain unchanged.

Oil rise on Forties Pipeline shutdown

Oil have risen, overcoming declines early in the session, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York.

Gold steadies as traders await Fed meeting

Gold has steadied below $US1,250 an ounce after its biggest weekly drop in more than six months as markets anticipated an interest rate risee from the US Federal Reserve this week.

Aust market inches higher by the close

The Australian share market ended the first trading day of the week slightly higher amid lower volumes ahead of this week's key data releases.

Downer JV gets $312m contract

A joint venture between engineering groups Downer and Ausenco has secured an engineering, procurement and construction contract for OZ Minerals' Carrapateena copper gold project in South Australia.



Morning Headlines

Novo cruels Pilbara gold rush

Westfield agrees to $US25bn takeover

Frank Lowy's Westfield Corporation has agreed to a takeover from European property giant Unibail-Rodamco in a deal worth $US25 billion.

BHP expects to deliver $2.2bn in cost cuts

BHP Billiton expects to lower costs in its Australian mining operations by a further 10 per cent, and has forecast the division will deliver $US1.6 billion ($A2.2 billion) in productivity gains over the next two years.

Oroton collapses into administration

Oroton stores will operate as usual after the 79-year-old Australian luxury handbag retailer collapsed into voluntary administration.