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 follow Wall Street's positive lead

The Australian share market has closed higher following gains on Wall Street and as several companies reported profit growth.

Trump tax change a $US1.8b hit to BHP

BHP Billiton will include an income tax expense of $US1.8 billion in its half-year accounts due to a cut to corporate income tax rates in the US.

Trump build buoys Transurban

Transurban has racked up a near fourfold increase in first-half profit and the toll road operator is looking for more to come, thanks to US President Donald Trump's planned infrastructure splurge.

Banks edge closer to instant payments

Three of Australia's big four banks have begun rolling out their new $1 billion payment system that allows customers to transfer funds between rival institutions in near real-time.

Australian shares rise on US lead

Australian shares are modestly higher in early trade after Wall Street's Dow closed sharply higher as US equities rose for a second consecutive session.

$A gains again against weaker $US

The Australian dollar is back above 78 US cents as the US dollar's rise falters and it slips amid an equity rebound.

Oil up as markets stabilise, $US slips

Oil prices have risen, beginning to recoup some of last week's steep losses as global equities have steadied following their biggest one-week decline in two years.

Gold rises, but gains capped

Gold prices have risen as the US dollar has eased, but gains are expected to be muted ahead of inflation data from the United States later this week that could mean US interest rates rise faster than expected.

Aust shares end lower but US futures up

The Australian share market has closed lower but did claw back some earlier losses as the Dow Jones futures index pointed to a possible positive session on US markets tonight.

JB Hi-Fi shares slump on margin warning

JB Hi-Fi shares have slumped despite a big lift in first-half profit, after the home electronics and entertainment retailer warned of margin pressures and issued lower-than-expected guidance.

NBN discounts ease customer congestion

Congestion on the national broadband network has eased as more customers turn to higher speed plans after rollout company NBN Co slashed its top speed packages last year.

Aust shares ignore Wall St and open lower

Despite a stronger lead out of the US, Australian shares have slipped sharply in early trade as reporting season begins in earnest and Asian markets brace for more volatility.

Gold dips as US dollar firms

Gold has slipped, under pressure from a firmer US dollar and worries about rising global interest rates, but still found some support as a safe-haven asset as world stock markets fell.

Oil skids to biggest weekly loss in 2yrs

Oil prices have slid more than three per cent on Friday as US futures fell below $US60 a barrel for the first time since December on renewed concerns about rising crude supplies.

$A is up against a stronger $US

The Australian dollar has regained some lost ground against the US dollar which itself has preserved its recent gains.

Shares weaker after US plunge

Wesfarmers, Woodside Petroleum and South32 were among Australian shares that closed lower in the wake of another overnight collapse on Wall Street but local losses were relatively contained as many Asian markets tumbled steeply.

Myer shares dive after new profit warning

Solomon Lew is calling on fellow Myer shareholders to "save the company" with a board spill after shares in the troubled retailer plummeted to a fresh all-time low on the back of its latest profit warning.

Aust shares down after Wall St slide

Australian shares have again slid in early trade following a fresh plunge on Wall Street overnight, while the Aussie dollar has retreated below the 78 US cents level.

$A slips to 6-week low against $US

The Australian dollar has slipped to a six-week low against its US counterpart, before regaining some ground, as the US dollar has extended its recent gains.

US output soars, oil falls to 6-week low

Oil prices have fallen to their lowest in six weeks after data shows that US crude output had reached record highs and the North Sea's largest crude pipeline reopened following an outage.

Gold flat after bounce on rate rise fears

Gold prices are flat, slumping early on concern about rising US bond yields and global interest rates, but buyers emerged to lift bullion when it hit a technical support level at about $US1,312 an ounce.

Shares rise as bargain hunters swoop

The Australian share market turned around a weak start to the day as bargain hunters bought stocks beaten up in Monday and Tuesday's plunge.

Appeal fails against WA uranium mine

Traditional owners say it is a "sad day" for their people and land after the Supreme Court dismissed an appeal against the approval of a uranium mine in central Western Australia, but conservationists have vowed to continue the fight.

NAB earnings dip in Q1 as costs rise

National Australia Bank's cash earnings have slipped 1 per cent as expenses have risen partly due to the lender's increased spend on infrastructure and job cuts.

Aust shares open lower after Wall St falls

Australian shares have fallen after US stocks came under late pressure on Wall St during another rollercoaster - though less brutal - session.

$A falls almost half a cent against $US

The Australian dollar has fallen almost half a US cent against its US counterpart as equity markets continue to bounce back from a sell-off bloodbath that wiped $US4 trillion off the value of shares.

Oil hits one-month low on higher US output

Oil prices have fallen to a one-month low after US data showed a build in inventories and record high crude production, raising worries that the market could be in for more selling, exposing speculators that have bet big on upward momentum in crude.

Gold slips as $US strengthens, shares gain

Gold has slipped as the US dollar has strengthened and global shares have clawed their way off two-month lows, though bullion was underpinned by the view that the dollar's bear run remains in place despite rate hike expectations.

Aust shares in recovery as bloodbath ends

Australian shares have clawed back about $17 billion as markets recover from the impact of a big sell-off on Wall Street.

Rio Tinto's annual profit soars to $US8.8bn

Rio Tinto's full-year net profit has soared 90 per cent to $US8.76 billion ($A11.1 billion), helped by stronger iron ore and coal prices in 2017.

Premier starts moves against Myer board

Premier Investments is acting on threats to oust the board of Myer with a request for the department store chain's shareholder register in a first step towards holding a vote to install new directors.



WA boss sold assets to pay staff

The director of a Perth security company has been acknowledged for selling personal assets to provide back pay for staff who were underpaid more than $200,000.

Scarborough tipped as next big LNG development

A tieback of the Scarborough field into the Pluto LNG plant could well be the next major energy development in Western Australia, after Woodside Petroleum announced a deal to increase its stake in the field.

Wesfarmers takes $1.3bn hit on UK, Target

Wesfarmers is overhauling the leadership at its underperforming UK hardware business after the struggling unit was responsible for the majority of $1.3 billion in first-half writedowns and impairments.

WA economy pointing in right direction'

The end of the mining construction boom continues to cause economic pain for Western Australia but strong employment growth paints a very positive future, according to Treasurer Ben Wyatt.

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Western Force could get a lifeline in 2021

New Rugby Australia chief executive Raelene Castle has left the door ajar for the Western Force to return to the fold in 2021, but the Indo Pacific Rugby Championship remains in limbo.