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.

RBA cuts cash rate to new record low 0.75%

The Reserve Bank of Australia has cut the cash rate to a new record low of 0.75 per cent, with the board prepared to go even lower if the nation's economy does not respond.

Kathmandu to splash $350m on Rip Curl

Iconic Aussie sportswear brand Rip Curl has agreed to be acquired by Kathmandu in a $350 million deal that will create a $1 billion Australasian surfing and outdoor adventure company.

Oil prices fall on demand fears

Oil prices fell overnight on fading concerns of supply shortfalls and conflicts in the Middle East as global benchmark Brent posted its biggest quarterly loss this year on demand fears due to the escalating US-China trade conflict.

Platinum, gold slide as US dollar soars

Platinum plunged more than 5.0 per cent and gold shed 2.0 per cent overnight, leading a sharp decline across precious metals driven by a soaring US dollar, with deficit-hit palladium too giving up some gains from a record rally in which it breached $US1,700 per ounce.

ASX posts strong gains but ends week lower

The Australian share market has closed higher, with gains across the board, but the ASX still suffered its first losing week since mid-August.

Bunnings' super error 'wage theft': Labor

Labor Leader Anthony Albanese has branded Bunnings underpaying some workers' superannuation for almost a decade as "wage theft".

Oil slips as Saudi crude supply weighs

Oil slid overnight as new details connected to the impeachment inquiry into US President Donald Trump weakened demand sentiment while moves to quickly restore Saudi output after attacks on its oil infrastructure promised more oil supply.

Gold recovers as investors buy dips

Gold prices rose overnight after a nearly 2.0 per cent slide in the previous session triggered buying interest for the safe-haven metal, although a strengthening US dollar capped gains.

ASX closes lower for 3rd straight day

The Australian share market has fallen for a third straight day, underperforming compared to its peers in the region.

Oil falls about 1% on US crude build

Oil shed more than 1.0 per cent overnight, logging a second straight day of losses after US crude stockpiles unexpectedly rose and as Saudi Arabia maintained a faster-than-expected recovery of its oil production.

Gold dips 2% as US dollar strengthens

Gold slid 2.0 per cent overnight, retreating from a multi-week peak as political uncertainties in the United States stemming from an impeachment inquiry into President Donald Trump drove investors to the safety of the US dollar and limited bullion's appeal.

ASX falls as US political dramas mount

The Australian share market has fallen following an overnight sell-off on Wall Street as more political instability rocked the United States.

WA lower house passes assisted dying bill

Voluntary assisted-dying laws have easily passed Western Australia's lower house, with the Bill now headed to the upper house of parliament where it will face a tougher passage.

ASX opens lower as big miners slump

The Australian share market has opened sharply lower, mirroring falls on Wall Street overnight.

Oil dives as focus returns to trade row

Oil prices plunged more than 2.0 per cent overnight to their lowest since the September 14 attacks on Saudi Arabia's key oil facilities after US President Donald Trump rekindled fears the US-Chinese trade conflict that has crimped energy demand is far from over.

Gold hits three-week peak as markets dip

Gold climbed to its highest level in nearly three weeks overnight as calls for impeachment proceedings against US President Donald Trump pushed stocks into the red, with bullion getting a further boost from disappointing consumer confidence data.

ASX flat as tech stocks and miners dip

The Australian share market has finished flat, with losses for tech stocks and miners and gains for consumer discretionary and bank stocks.

ASX board backs Henry despite Hayne woe

NAB chairman Ken Henry has survived a protest vote to secure re-election to the board of the ASX despite his reputational flogging at the royal commission.

ASX flat at start of trading

The Australian share market has opened little changed after a mixed session on Wall Street overnight.

Oil rises 1% on Saudi output concerns

Oil ended about 1.0 per cent higher overnight after a volatile trading session as traders focused on when Saudi Arabia would be able to restore full output following the September 14 attack on its facilities.

Gold hits two-week high amid growth fears

Gold rose overnight to its highest in over two weeks as weak economic data from the euro zone stoked global recession fears and forced investors to seek refuge in bullion while palladium soared to a record on a sustained supply shortfall.

ASX up again, while Asian markets dip

The Australian share market has moved higher for the eighth time in nine sessions, while most markets around the region were lower.

Thomas Cook collapses

Online travel agent Webjet looks set to take an earnings hit and could write-off $43.7 million following the collapse of giant UK travel company Thomas Cook.

Hostplus, Club Super in $43bn super merger

Hostplus and Club Super have agreed to merge into a single $43 billion superannuation fund for the hospitality and recreation sectors by November 1.

Palladium soared in record run last week

Palladium soared to an all-time high on Friday, with producers locking in stocks of the auto-catalyst metal squeezed by a sustained supply shortage while gold firmed en route to its first weekly gain in four supported by Middle East tensions.

Oil price dips amid renewed trade concerns

Oil prices eased on Friday on renewed concern over the US-Chinese trade conflict but futures still posted weekly gains, with Brent marking its biggest weekly increase since January after an attack on Saudi Arabia's energy industry last weekend.

ASX finishes higher for 5th straight week

The Australian share market has given up most of its early gains, but still managed to close higher for a 10th day in the past 12 sessions.

'Callous' training firm cops $26.5m rebuke

A training institute that had operations in Western Australia has been slapped with a record $26.5 million penalty and must repay $56 million to the federal government over "callous" student recruitment tactics.

Premier profit up 28% despite retail downturn

Premier Investments shares have surged to their highest value in nearly a year after the Solomon Lew-backed retail conglomerate lifted profit and hiked its payout on strong sales at pyjama shop Peter Alexander and Just Jeans.

ASX opens higher on healthcare surge

The Australian share market has opened higher as the tech and healthcare sectors led early gains.

Brent rise 1% amid Saudi supply focus

Brent crude oil prices rose more than 1.0 per cent overnight on fears of longer-than-expected supply shortfalls following Saturday's attacks on a key Saudi Arabian oil processing facility and escalating tensions in the Middle East.



Big Four banks all withhold full rate cut

Westpac and ANZ have followed the lead set by rivals Commonwealth Bank and NAB and will not pass on Tuesday's 0.25 per cent rate cut in full.

Perth restaurateur not guilty of extortion

The Perth restaurateur behind The Meatball Bar and MOP Donuts has been found guilty of assault but acquitted over claims he threatened to destroy a man's cafe and put him "in a coffin" over some fruit and vegetables.

ASX loses $49bn as all sectors flash red

The Australian share market has dived for a second straight day, losing $49 billion in value amid a rout of global equities.

Thomas Cook collapses

Online travel agent Webjet looks set to take an earnings hit and could write-off $43.7 million following the collapse of giant UK travel company Thomas Cook.