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Aust shares lower on oil price

The Australian share market has closed lower after weaker oil prices weighed heavily on the energy giants and mining giant BHP Billiton.

Telstra shares fall on ratings downgrade

Telstra shares have fallen after the telco's ratings were downgraded due to intense competition across its core businesses and lower margins.

Australian shares fall in early trading

Australian shares have opened lower, dragged down by falls in the energy sector following a steep drop in oil prices at the end of last week.

$A flat after overseas markets were mixed

The Australian dollar is almost unchanged from where it finished Friday's local session, after a mixed session on metals markets and the major Wall Street stock indexes finishing slightly lower.

Oil prices slump as output boost looms

Oil prices fell more than $US2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014.

Gold prices dip on US-N Korea optimism

Gold prices dropped slightly on Friday, but still remained above $US1,300 per ounce as investors digested news of US President Donald Trump saying a meeting with North Korea's leader could still go ahead.

Aust shares flat on directionless Friday

The Australian share market has closed flat, with a lack of domestic and international news leaving investors with little to direct their activity.

Court orders freezing of Palmer assets

A Queensland court has ordered the freezing of hundreds of millions of dollars of Clive Palmer's assets.

WA Labor candidate quits after week of scrutiny

Labor's candidate for the Western Australian state seat of Darling Range has resigned after a week of having her credibility and study history questioned.

Australian market opens slightly lower

The Australian share market has opened lower, weighed down by falls in energy stocks, and concerns over the cancellation of the US-North Korea summit.

$A up despite US-North Korea negativity

The Australian dollar is slightly higher despite falls on Wall Street, which were sparked by the cancellation of the US-North Korea Summit.

Oil slips further below $US80

Oil prices fell about $US1 on Thursday, with expectations building that reduced supplies from Venezuela and Iran could prompt OPEC to wind down output cuts in place since the start of 2017.

Gold up after N Korea summit cancellation

Gold prices surged on Thursday, propelled above $US1,300 per ounce as the US dollar faded after US President Donald Trump called off a summit with North Korea, stoking political tensions.

July 28 is the preferred by-elections date

Voters in two WA federal seats will likely go to by-elections on July 28 to avoid school holidays and await new rules for candidates.

Shares edge higher despite falls by banks

The Australian share market has closed slightly higher as weakness among the banks, miners and energy companies was offset by gains by retailers and industrial stocks.

Westfield shareholders approve takeover

Westfield Corporation shareholders have voted in favour of a $33 billion takeover by Paris property giant Unibail-Rodamco, marking the end of an era for the Lowy family.

Australian market opens slightly lower

The Australian share market is slightly lower amid weaker base metals prices and further falls for the big four banks.

$A higher after Fed minutes

The Australian dollar is higher after Wall Street made modest gains as it appear less likely the US Federal Reserve will increase the pace of its interest rate hikes this year.

Oil prices fall on shock US stock builds

Oil benchmarks fell on Wednesday after an unexpected build in US crude and gasoline inventories despite strong demand, and as traders weighed a possible increase in OPEC crude output to cover any shortfalls in supply from Iran and Venezuela.

Gold rises after Fed meeting minutes

Gold prices rose on Wednesday as the US dollar backed off its highs against a basket of currencies while investors interpreted minutes from the US Federal Reserve's latest policy meeting as dovish.

Santos no deal weighs on share market

The Australian share market has closed slightly lower as energy shares tumbled after Santos rejected a $US10.9 billion takeover offer.

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.

CBA sells Chinese insurer stake for $668m

Commonwealth Bank has agreed to sell its stake in Chinese life insurer BoComm Life for $668 million.

Rio Tinto in talks for Grasberg mine sale

Rio Tinto has confirmed it is in talks about the potential purchase of its stake in the Indonesian Grasberg mine for $3.5 billion.

Optus to pay $1.5m after ACCC proceedings

Optus will pay $1.5 million in penalties for pressuring customers to move to the National Broadband Network sooner than required and misleading some of them about NBN service options.

Local market opens fractionally higher

The Australian market has opened fractionally higher as gains in base metal prices lifted the big miners and US President Donald Trump's trade war comments spooked Wall Street investors.

$A falls after Trump comments

The Australian dollar is slightly lower after Wall Street fell, weighed down by comments from US President Donald Trump about the US-China trade talks.

Brent rises on supply concerns

Brent crude prices settled slightly higher on Tuesday after a volatile session in which potential supply concerns surrounding Venezuela and Iran jockeyed with comments from President Donald Trump, who said he was not pleased with US-China trade talks.

Gold steadies as US dollar rally ends

Gold prices have steadied just above their lowest point for the year as the US dollar fell from a five-month high, although risk appetite in the broader financial markets kept the metal's gains in check.

Share market drops with Telstra, banks

The Australian market share has posted its largest daily fall in seven weeks due to weakness for Telstra, the major banks and mining giants.

Hanson rejects tax cut plan

Federal Labor is demanding the Turnbull government hand over details of the deal it struck with Pauline Hanson to get her support to cut business taxes, a pact One Nation is now reneging on.



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.