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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.

Western Force fight on after appeal loss

Billionaire backer Andrew Forrest has vowed to continue the Western Force's fight with the Australian Rugby Union after losing an appeal to remain in the Super Rugby competition.

Service sector activity expands in August

Australian services sector activity has continued to expand for the sixth straight month, but the rate of expansion has slowed.

CBA to face shareholder class action

IMF Bentham has confirmed it will fund a Federal Court open class action against the Commonwealth Bank relating to allegations the lender breached anti-money laundering and counter-terrorism funding laws.

Australian shares open slightly lower

The Australian market has opened lower, following the negative lead of international bourses with investors unnerved by North Korea's nuclear missile test.

US crude edges up, petrol tumbles

Brent crude prices have fallen while US crude oil prices have edged higher and petrol prices have slumped to pre-Hurricane Harvey levels, as oil refineries and pipelines in the US Gulf Coast slowly resumed activity, easing supply concerns.

$A has slipped against $US

The Australian dollar has slipped against its US counterpart, which also fell, but less so, as gold and defensive currencies fared better than equities and bonds amid quiet markets.

Gold hits near-year high on N Korea fears

Gold prices have shot up to their highest levels in close to a year as investors bought safe-haven assets on worries that North Korea might launch more missiles after Sunday's nuclear test.

Shares close 22pts lower

The Australian share market has closed lower after North Korea's latest nuclear weapon test unnerved investors.

CBS seals Ten refinance deal

US broadcast giant CBS has made a $143 million loan to the Ten Network Holdings to refinance the struggling local outfit's debt - advancing its interest even as a potential challenge to its takeover still stands.

WA Liberals' fiscal secession motion draws gasps

A motion to financially secede Western Australia from the federation drew gasps of disbelief around the nation when it was narrowly passed, but even those proposing it admit it's unlikely to happen.

Scaffidi disqualified for 18 months

Perth lord mayor Lisa Scaffidi has been disqualified from holding any office for 18 months after failing to disclose gifts and travel, but her lawyer will seek to halt the penalty pending an appeal.

Shares open 14pts lower

The Australian market has opened ignored Wall Street's modes positive lead and opened lower.

Gold near 10-mth high as jobs growth slows

Gold has risen to its highest in nearly 10 months after US jobs growth slowed more than expected in August, but pared gains when investors judged that the figures were unlikely to change the outlook for US interest rate rises.

$A is higher against $US

The Australian dollar is higher against its US counterpart which itself has lifted against a basket of currencies despite disappointing key US jobs figures.

Shares close 10pts higher

The Australian share market has closed slightly higher on Friday after strong gains on Thursday, with heavyweight Commonwealth Bank weighing on the index and blood products and vaccines giant CSL providing some lift.

Telstra boss pockets $5.2m

Telstra boss Andrew Penn will take home $5.2 million this year, almost $1.6 million less than he did a year ago, as the telco's plunging share price weighs on his share entitlements.

Shares open 19pts higher

Australian shares have opened higher, boosted by a strong overnight lead from Wall Street, with the local market currently on track to recover the week's losses.

$A trades higher against US counterpart

The Australian dollar has bounced back against its US counterpart as geopolitical tensions and uneven US data continue to plague the currency.

Oil rises, petrol jumps to two-year high

Petrol futures have surged more than 13 per cent, and crude oil has settled nearly 3 per cent higher, as almost a quarter of US refining capacity remained offline and traders scrambled to reroute millions of barrels of fuel.

Shares close 44pts higher

Widespread gains led by miners, banks and healthcare giants have driven the share market to its best daily gain in almost three weeks.

Cattle prices key in Wellard China option

Cattle exporter Wellard says the China market has potential but only if prices for Australian cattle come down.

Qantas to reroute, upgrade flights

Qantas is changing one of its most popular routes and upgrading the aircraft on another key service as part of a five-year extended partnership with Emirates.

Shares open 19pts higher

The Australian market has opened higher, after Wall Street gained following better-than-expected economic growth and private jobs data.

Gold steadies as $US weighs, North Korea eases

Gold has steadied, as a stronger US dollar pushed the metal off Tuesday's nine-and-a-half-month high, but the precious metal remains above $US1,300 on renewed tensions between Washington and North Korea.

$A tumbles against $US on GDP, jobs data

The Australian dollar is sharply down against its US counterpart as risk sentiment improves amid strong US economic data.

Oil falls as Harvey shuts 24% US refining

Petrol futures have surged to a two-year high while crude oil was down, as flooding and damage from Tropical Storm Harvey shut nearly a quarter of US refinery capacity, curbing demand for crude while raising the risk of fuel shortages.

Shares close 0.7pts higher

The Australian share market had a steady session despite Telstra shares falling to a five-year low.

Class action threat over CBS Ten bid

Disgruntled Ten Network Holdings shareholders are considering a class action against the troubled network as they face receiving no compensation for their stock under the takeover proposed by US media giant CBS.

Forrest calls on ARU chairman to quit

Andrew Forrest has called on Cameron Clyne to resign, claiming the ARU chairman misrepresented the reasons he chose to axe the Western Force.

NBN Co rejects Telstra's bond plan

Telstra's plan to pay down debt and create new shareholder returns by monetising the receipts from the national broadband network has been rejected by the rollout company.

Shares open 13pts higher

The Australian share market has bounced back from its previous sessions' 10-week low and opened higher with investor nerves cooling after North Korea fired a missile over Japan.

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Scaffidi disqualified for 18 months

Perth lord mayor Lisa Scaffidi has been disqualified from holding any office for 18 months after failing to disclose gifts and travel, but her lawyer will seek to halt the penalty pending an appeal.

Forrest calls on ARU chairman to quit

Andrew Forrest has called on Cameron Clyne to resign, claiming the ARU chairman misrepresented the reasons he chose to axe the Western Force.

Qantas to reroute, upgrade flights

Qantas is changing one of its most popular routes and upgrading the aircraft on another key service as part of a five-year extended partnership with Emirates.

WA company fined $65,000 over mine hazard

A company has been fined $65,000 after a mine worker in the Goldfields region narrowly escaped with his life during a site accident.

most commented

Forrest calls on ARU chairman to quit

Andrew Forrest has called on Cameron Clyne to resign, claiming the ARU chairman misrepresented the reasons he chose to axe the Western Force.

Company fined $70k for skylight fall injury

A roofing company has been fined $70,000 after a labourer was seriously injured when he fell five metres through a skylight in Bicton.

Qantas to reroute, upgrade flights

Qantas is changing one of its most popular routes and upgrading the aircraft on another key service as part of a five-year extended partnership with Emirates.

Crowdfunding sought for WA GST legal fight

A Western Australian Liberals-led High Court challenge over the state's GST share will be partly financed by crowdfunding.