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Shares hit nine-month high

The share market has closed at a nine-month high in a third straight day of gains, boosted by a stronger financial sector.

No free data after latest Telstra outage

Telstra customers have rebuffed an offer of a free data day in compensation for yet another network outage, preferring instead for a discount on their phone bill.

Big banks face soft profit growth: Fitch

Australia's major banks face soft profit growth amid growing macroeconomic risks linked to low interest rates and government tax policy, according to Fitch.

Shares open 24pts higher

The Australian share market has opened higher, led by CSL, Macquarie Group, Wesfarmers and financial stocks.

Oil dips after hitting $US50 a barrel

Oil prices have eased after topping $US50 a barrel for the first time in about seven months, while US stocks ended near flat after two days of strong gains.

Wall Street pauses after two-day rally

Wall Street has trodden water following two days of strong gains as advancing defensive sectors offset declines in materials, banks and other cyclical industries.

$A rises on US rate hike pessimism

The Australian dollar is strengthening on pessimism about a US rate hike in June.

RBA caps card payment surcharges

Shoppers will no longer be slugged with excessive surcharges on credit card payments under new rules, but could face other fees as banks look to make up for lost revenue.

Shares close 15pts higher

The share market has been boosted by mining and energy stocks, but investors are still looking for something to provide more significant drive.

Rinehart topples down rich list

Gina Rinehart has lost her position as Australia's richest person due to plunging iron ore prices and a bitter court battle with her two eldest children.

Labor confirms end of schoolkids bonus

Parents won't be getting a schoolkids bonus after July, no matter who wins the federal election.

Shares open 25pts higher

The Australian share market has opened higher.

S&P 500 ascends 2 percent in two days

Wall Street has risen robustly for a second straight session, helped by higher oil prices and investors becoming more comfortable with the prospect of an interest rate hike as early as next month.

Gold falls to seven-week low

Gold has fallen to a seven-week low after upbeat US home sales data in the previous session boosted expectations that the Federal Reserve will press ahead with interest rate rises in the near term.

Oil nears $US50/barrel on inventory data

Oil prices have climbed to just shy of $US50 ($A69.62) a barrel after a sharper-than-expected fall in crude inventories, lifting energy shares and world stock markets.

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Free range eggs claims misleading

One of the state's largest egg producers has been found to have misled the public that its eggs were free range.

Barnett spill claim bizarre: Nahan

Perth property developer Nigel Satterley insists Mike Nahan was seeking to oust Colin Barnett until "sensible people brought it into the open".

Woolworths a possible takeover target

Woolworths has declined to comment on a media report that it is a takeover target for private equity giant Kohlberg Kravis Roberts.

Rinehart topples down rich list

Gina Rinehart has lost her position as Australia's richest person due to plunging iron ore prices and a bitter court battle with her two eldest children.

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Barnett spill claim bizarre: Nahan

Perth property developer Nigel Satterley insists Mike Nahan was seeking to oust Colin Barnett until "sensible people brought it into the open".

Scaffidi doesn't fear leadership spill

Embattled Perth Lord Mayor Lisa Scaffidi says she doesn't fear a possible leadership challenge.

Shorten backs rail over roads

Bill Shorten is trying to woo Perth commuters with a $1 billion pledge for the Metronet urban rail project, which WA Labor says will cost $2.5 billion but the WA Liberals have labelled as pork-barrelling.

Gold falls on rate rise expectations

Gold has edged lower for the third straight session and notched its biggest weekly slide in nearly two months on growing expectations for an increase in US interest rates as soon as next month.