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.
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.
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.
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.
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.
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.
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.
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.
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.
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.