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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.

Aust shares fall on commodity woes

The Australian share market has opened lower, led by falls across the energy and materials sectors and bucking the trend of market gains internationally.

$A extends its gains against $US

The Australian dollar has continued to climb against its US counterpart after positive retail sales figures boost the local currency and as the US dollar index falls.

Oil falls 2%, WTI lowest since early April

Oil prices have fallen about two per cent, with US crude touching its lowest level in nearly two months, breaking below technical support levels as investors keep selling amid growing US production, possible global supply growth and nagging trade tensions.

Technology stocks lead Wall Street rally

US stocks rose on Monday led by gains in technology shares and Friday's robust jobs data, which gave investors heightened confidence that the US economy remained strong.

Banks, telcos, energy drag ASX lower

The Australian share market has closed lower as most sectors lost ground, led by banking, telco and energy stocks.

ANZ facing action over $2.5bn placement

ANZ is facing criminal charges over alleged cartel conduct related to a $2.5 billion share placement, while two of the underwriters to the deal, Citi and Deutsche Bank, also received notice of charges.

Australian stocks down on trade war fears

The Australian share market has opened lower, with the banking and energy sectors leading the losses, after Wall Street fell amid fears of a global trade war.

$A falls amid trade war worries

The Australian dollar is slightly lower after US stocks suffered significant falls as concerns about a trade war loom.

US oil prices tumble despite supply fall

US oil fell nearly two per cent, despite a larger-than-expected decline in US crude inventories, while global benchmark Brent was little changed, pushing the spread between the two to its widest in more than three years.

Wall St slips on renewed trade war worries

US stocks have fallen after the US moved to impose tariffs on metal imports from Canada, Mexico and the European Union, prompting retaliatory measures from some of its trading partners.

Energy sector powers Aussie market higher

The Australian share market has finished higher after energy stocks rallied on stronger oil prices and local retailers gained on news Amazon will block Australian consumers from buying products from its overseas sites.

Labor picks Woodside manager for Darling Range

The background of WA Labor's latest candidate for Darling Range has been extensively scrutinised, the premier says, after the party's last MP and a parliamentary hopeful for the state seat proved to be embarrassments.

MYOB ditches $180m Reckon acquisition

Software group MYOB has dumped a $180 million deal to acquire the Australian and New Zealand assets of Reckon's Accountant Group after discovering new information about the company and its competitors.

Aust shares rise on easing Italy concerns

The Australian share market has opened comfortably higher amid easing concerns about political turmoil in Italy and after oil prices surged.

$A rises as Italian worries ease

The Australian dollar is three-quarters of a US cent higher after US stocks rose more than one per cent, amid hopes there might be a solution to the Italian political crisis.

Oil prices climb more than 2%

Oil prices surged on Wednesday, shrugging off an unexpected build in US crude stockpiles and rebounding from a four-day slump as Russia's central bank expressed caution on plans to boost oil supply.

Gold gains on weaker US growth data

Gold prices edged higher on Wednesday as the US dollar wilted after data showed the US economy slowed slightly more than initially expected in the first quarter while political uncertainty lingered in Italy.

Aust shares, $A weakened by Italy's woes

The Australian share market fell below 6,000 points to a one-month low on Wednesday, with financial stocks slumping under investor concerns about possible economic fallout from Italy's political uncertainty.

WA security firm misses 48,000 patrols

Wilson Security has been ordered to repay $740,000 charged to Western Australian customers after missing 48,000 patrols.

Bankwest 'failed to act on early warnings'

Bankwest was overly optimistic about its business loans and failed to act on early warning signs of problems, the banking royal commission has heard

Australian shares tumble on Italy jitters

Australian shares have opened lower after US and European markets fell amid concerns about political instability in Italy.

$A falls amid worries about Italy

The Australian dollar is lower after US stocks tumbled as political stability in Italy sparked caution among investors.

Oil prices falls on threat of OPEC boost

US crude futures fell more than $US1 on Tuesday on worries that Saudi Arabia and Russia will pump more crude to boost supplies after more than a year of reducing worldwide inventories.

Gold rises as Italy turmoil rocks markets

Gold prices rose on Tuesday, as a deepening political crisis in Italy that provoked a second day of heavy selling on European financial markets.

Banks, healthcare, miners lift market

The Australian share market has closed modestly higher as gains by major banks, healthcare companies and miners offset weakness in other sectors.

Optus plans to cut a further 400 jobs

Optus has announced it is cutting 400 jobs, in addition to the 200 positions to be lost from its phasing out of the Virgin Mobile brand.

Galaxy Resources jumps on $371m asset sale

Shares in Galaxy Resources have surged after the lithium miner announced a $US280 million ($A371 million) asset sale deal with South Korean giant Posco.

Aust shares flat as banks find support

The Australian share market is flat, with gains in financial stocks and BHP Billiton offsetting losses across other resource companies with little direction from overseas with the US and UK closed.

$A follows European stocks lower

The Australian dollar is lower after European stocks lost ground in a quiet night of trade with US and UK markets closed for public holidays.

Oil futures hit multi-week lows

Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while US production gains showed no sign of slowing.

Gold falls on US-N Korea summit hopes

Gold prices fell for a second session on Monday as the US dollar firmed and after US President Donald Trump revived hopes that he would meet North Korean leader Kim Jong Un next month, lowering political tensions and demand for gold as a safe-haven investment.

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Galaxy Resources jumps on $371m asset sale

Shares in Galaxy Resources have surged after the lithium miner announced a $US280 million ($A371 million) asset sale deal with South Korean giant Posco.

Perth city-to-stadium footbridge delayed

The long-delayed footbridge linking East Perth to Optus Stadium will not be ready by the end of May despite previous assurances by the McGowan government.

Seven West regional newspapers to shed staff

Rural newspapers in Western Australia are set to shed staff with Seven West Media announcing a fresh round of voluntary redundancies as it moves to centralise its regional business.

Labor picks Woodside manager for Darling Range

The background of WA Labor's latest candidate for Darling Range has been extensively scrutinised, the premier says, after the party's last MP and a parliamentary hopeful for the state seat proved to be embarrassments.