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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.

ASX tumbles as trade truce fades

The Australian share market suffered near-across the board losses as the positive sentiment from the trade truce brokered at the G20 summit dissipates.

RBA holds cash rate at 1.5% for 28th month

The Reserve Bank has kept the official cash rate at a record low and reiterated its economic growth forecasts, but is keeping a close eye on the stumbling east coast housing markets.

Seven West hires Daily Telegraph deputy ed

Seven West Media has hired The Daily Telegraph deputy editor Anthony De Ceglie to head up its Western Australian newspaper division.

Banks, energy drag ASX down in early trade

Australian shares have edged lower at the open, with the heavyweight mining and financial sectors dragging and energy stocks also in the doldrums.

Oil up on trade truce, likely supply cuts

Oil prices jumped nearly four per cent after the United States and China agreed to a 90-day truce in a trade dispute and Canada's Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply.

Gold up as truce triggers dollar sell-off

Gold gained one per cent overnight, hitting its highest in more than three weeks, boosted by a sell-off in the dollar after the United States and China called a truce on fresh trade tariffs for 90 days.

ASX surges on China-US trade truce

The Australian share market surged higher following a 90-day truce on tariffs between the US and China, with energy and mining stocks recording significant gains.

Laura Ashley enters administration again

Laura Ashley has been placed in administration for a second time, falling victim to the same forces that have claimed a raft of Australian retailers.

GrainCorp surges on $2.4bn buyout offer

GrainCorp shares surged by more than a third after the drought-hit grain handler received an all-cash $2.38 billion takeover bid from little-known asset manager Long-Term Asset Partners.

ASX surges in wake of China-US trade truce

Australian shares have surged at the start of the new trading week, with energy and materials stocks up by more than two per cent in the wake of a 90-day truce on tariffs between China and the US.

Wall St rises on US-China trade hopes

Wall Street has risen as investors hope for progress on trade in a critical US-China meeting over the weekend, and the S&P 500 and the Nasdaq posted their biggest weekly percentage gains in nearly seven years.

Gold dips as $US firms; Palladium rises

Gold fell as the dollar strengthened ahead of trade talks between the US and Chinese leaders at the G20 summit, while palladium prices crossed the $US1,200 per ounce mark for the first time.

Oil losses limited by hopes of output cut

Oil prices edged lower due to concerns of oversupply and a strong dollar but losses were limited by expectations that the Organisation of the Petroleum Exporting Countries and Russia would agree some form of production cut next week.

ASX deep in the red ahead of G20

The Australian share market suffered significant losses across the board, with consumer and banking stocks weighing the heaviest as world leaders descend on Argentina for critical trade discussions at the G20 summit.

Consumer stocks, banks weigh early on ASX

The Australian share market has opened lower with Coles and Coca-Cola Amatil dragging consumer staples into the red, and the heavyweight mining and financial sectors also under water.

Oil up as Russia leans towards output cut

Oil reversed course and rose as much as three per cent overnight after industry sources said Russia had accepted the need to cut production, together with OPEC ahead of its meeting next week.

Gold pares gains with rate hike imminent

Gold held steady but pared some gains as the dollar recovered and minutes from the US Federal Reserve's recent meeting showed an interest rate hike was imminent in December.

ASX holds gains thanks to miners and banks

The Australian share market burst out of the gates after a strong lead from Wall Street and held onto most of its gains by the close, buoyed by the banking sector and mining stocks on higher commodity prices.

ASX jumps at the open after Wall St rise

The Australian share market has opened strongly with broad-based gains following Wall Street's eye-opening performance overnight.

Oil dips on 10th straight US crude build

Oil fell below $US60 per barrel overnight after US crude inventories rose for the 10th straight week amid concerns about excess global supply.

Gold gains as $US weakens after Fed speech

Gold prices have risen by as much as one per cent from two-week lows as the US dollar tumbled after Federal Reserve Chairman Jerome Powell indicated that interest rates were near normal, soothing investor worries over the pace of rate hikes.

Major miners weigh on ASX

The Australian share market has closed slightly lower, dragged down by losses to the major miners after mixed commodity prices overnight.

Rio Tinto appoints Simon McKeon to board

Rio Tinto has appointed former CSIRO chairman and 2011 Australian of the Year Simon McKeon as an independent non-executive director.

Big miners weigh ASX down at the open

The big miners are weighing on the Australian share market at the open, though energy and health care stocks eked out early gains to curb the losses.

Oil falls ahead of G20, OPEC meeting

Oil prices fell more than one per cent overnight, in conjunction with sagging stock markets after US President Donald Trump threatened more tariffs on Chinese imports ahead of the coming G20 summit.

Wall St reverses loss after trade remarks

The S&P 500 and the Dow Jones Industrial Average have edged higher after White House economic adviser Larry Kudlow said an upcoming meeting between US President Donald Trump and his Chinese counterpart is an opportunity to "turn the page" on a trade war.

Gold dips, $US lifts on rate hike comments

Gold fell overnight to its lowest in more than a week, as the dollar rallied after comments from US Federal Reserve Vice Chair Richard Clarida bolstered expectations that the central bank would continue raising interest rates.

WA accountant dodges jail for theft

An accounting company director in Perth who stole more than $43,000 has been spared an immediate prison sentence.

Broad-based gains led by banks lift ASX

The Australian share market has closed higher after a positive afternoon of trading, buoyed by the financial sector and supported by commodity-related stocks.

Early budget signals a May election

The federal government will lay out its tax and spending plans unusually early in 2019, after the budget brought forward by a month to allow for an election in May.

Oil rebounds, but growth fears curb gains

Oil prices have risen about three per cent, clawing back some of the previous session's steep losses, although gains where capped by uncertainty over global economic growth and further signs of increasing supply, including record Saudi production.

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WA accountant dodges jail for theft

An accounting company director in Perth who stole more than $43,000 has been spared an immediate prison sentence.

Laura Ashley enters administration again

Laura Ashley has been placed in administration for a second time, falling victim to the same forces that have claimed a raft of Australian retailers.

Wesfarmers shares down without Coles

Coles shares have floated on the Australian Securities Exchange at $12.49, with Wesfarmers' price adjusting in early trade without the supermarket giant in its stable.

Seven West hires Daily Telegraph deputy ed

Seven West Media has hired The Daily Telegraph deputy editor Anthony De Ceglie to head up its Western Australian newspaper division.