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Gold gains as palladium hits record high

Palladium peaked to an all-time high overnight while gold gained on a weaker US dollar and as investors looked for clarity on future US interest rates after the Federal Reserve on Wednesday signalled a higher bar to further monetary easing.



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.