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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 jump aboard Wall St rebound

Australia shares are regaining ground after an overnight turnaround on Wall St stablilised three days of horror losses on global markets.

$A claws back some ground against $US

The Australian dollar has crept a little higher against its US counterpart the day after global equity markets plunged amid widespread sell-offs that wiped out $US4 trillion in value - $66 billion of it off Australian shares.

Oil dips amid equity rout, $US gain

Oil has fallen for a third day as the US dollar rose to its highest in more than a week in the wake of a sharp sell-off on Wall Street and other stock markets, a global rout that wiped out $US4 trillion ($A5.1 trillion) in value.

Gold slips as traders eye higher US rates

Gold prices have fallen one per cent to a 2-1/2-week low, as investors focused on expectations for higher US interest rates, even as US stock markets swung wildly in both directions a day after the Dow and SP 500 indexes tumbled.

WA business upbeat about economic outlook

Western Australian small businesses are unhappy with the current state of the economy but are the most optimistic in the nation about its future, a survey has found.

Retail spending slips in December

Retail spending was more sluggish than expected in December, following a surprisingly strong lift in November.

Jump in imports leads to trade deficit

Australia's trade balance fell into deficit for only the second time in 2017 in December due to a rise in imports.

RBA holds cash rate at 1.5%

Consumer spending remains a concern for the Reserve Bank of Australia, which has again left the cash rate on hold at 1.5 per cent.

Aust shares plunge after US 'bloodbath'

The plunge in US stocks has infected Australian shares, with the local bourse opening sharply lower in a "bloodbath" after the Dow industrials hit its biggest one-day decline in history.

Wall St slips, S&P down 5% from record

US stocks' losses have accelerated in afternoon trading, pushing the S&P 500 down more than 5 per cent from its January 26 record high and the Dow below 25,000 for the first time since January 4.

$A slides further against $US

The Australian dollar has continued to gently slide against a stronger US counterpart despite the latter pausing from its US jobs data and wages growth inspired lift.

Gold steadies after stock market falls

Gold prices have steadied as a slide in stock markets helped the precious metal claw back some lost ground after logging its biggest one-day loss in two months in the previous session.

Oil slides as $US, rising US output weigh

Oil prices have traded lower as rising US output, a weaker physical market and recent US dollar strength add to the pressure from a widespread decline across equities and commodities markets.

Aust shares lose $33bn in US-led retreat

Australian shares have lost around $33 billion after a sharp fall in US markets last Friday sent local investors running for the exits on Monday.

Downer flags $77m goodwill impairment hit

Downer EDI has flagged a goodwill impairment charge of $77 million on its mining operations after failing to renew two material contracts and delays in securing alternative business.

AWE picks Mitsui from three suitors

Takeover target AWE has decided that an offer from Japanese firm Mitsui & Co is the best option among three suitors vying for control of the company.

Wesfarmers takes $1.3bn hit on UK, Target

Wesfarmers is overhauling the leadership at its underperforming UK hardware business after the struggling unit was responsible for the majority of $1.3 billion in first-half writedowns and impairments.

Aust shares slide after Wall St fall

Australian shares have slid sharply in early trade after the US stocks markets' worst day in nearly two years weighed on investors' minds, while the Aussie dollar has also slipped back below the 80 US cents level.

$A slips under 80 US cents

The Australian dollar is back under 80 US cents as the downward movement in the US dollar seems to have stopped and weaker metals prices offered no help.

Gold drops as $US lifts after US jobs data

Gold prices have declined as the US dollar ticked up against the euro after US jobs data showed a robust rise in jobs and wages and 10-year US Treasury yields peaked.

Oil's 2018 rally stalls on strong $US

Oil prices have fallen as the dollar has surged following strong US jobs numbers, though compliance with output cuts by OPEC and rising global demand kept much of the early year oil rally in place.

Western Force could get a lifeline in 2021

New Rugby Australia chief executive Raelene Castle has left the door ajar for the Western Force to return to the fold in 2021, but the Indo Pacific Rugby Championship remains in limbo.

Energy sector lights up Australian shares

The Australian share market has made solid gains after a surge in energy stocks and improvements for the big banks turned around a mixed overnight lead out of the US.

Australian shares lower on mixed US lead

Australian shares have opened lower following a mixed lead from Wall Street's key indices and despite a generally strong performance across the commodities market.

International markets roundup

US. stocks have pulled back from earlier gains as bond yields rose and technology stocks retreated ahead of a host of high-profile earnings.

$A slightly weaker against $US

The Australian dollar is a bit weaker after a sluggish night on commodities markets, and a mixed night for overseas stock markets.

Share market buoyed by investor optimism

The share market posted its best daily gain in four months as investors anticipated strong half year earnings results for Australian companies.

Aust shares lift on positive sentiment

The Australian share market is stronger during morning trade following a positive lead from Wall Street and positivity over the local company earnings season.

$A loses more ground after weak CPI data

The Australian dollar is lower, extending the losses that started after the release of weaker than expected inflation figures on Wednesday.

Oil prices rebound thanks to strong demand

Oil prices have rebounded from earlier losses to end higher, after the US Energy Department said oil inventories rose for the first time in nearly three months, but was offset by strong demand for gasoline and distillate products and news that OPEC countries maintained heavy supply cuts in January.

AWE calls for MinRes to match superior bid

Oil and gas producer AWE has given suitor Mineral Resources three business days to match a superior proposal lobbed by Mitsui & Co, after reaching an in-principle agreement with the Japanese firm.

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WA boss sold assets to pay staff

The director of a Perth security company has been acknowledged for selling personal assets to provide back pay for staff who were underpaid more than $200,000.

Scarborough tipped as next big LNG development

A tieback of the Scarborough field into the Pluto LNG plant could well be the next major energy development in Western Australia, after Woodside Petroleum announced a deal to increase its stake in the field.

Wesfarmers takes $1.3bn hit on UK, Target

Wesfarmers is overhauling the leadership at its underperforming UK hardware business after the struggling unit was responsible for the majority of $1.3 billion in first-half writedowns and impairments.

WA economy pointing in right direction'

The end of the mining construction boom continues to cause economic pain for Western Australia but strong employment growth paints a very positive future, according to Treasurer Ben Wyatt.

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Western Force could get a lifeline in 2021

New Rugby Australia chief executive Raelene Castle has left the door ajar for the Western Force to return to the fold in 2021, but the Indo Pacific Rugby Championship remains in limbo.