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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.

Oil slides 2 per cent as glut forecast

Oil prices fell about 2 per cent overnight as a market surplus forecast by the International Energy Agency and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya's crude output.

Gold slips on resurgent risk appetite

Gold eased slightly overnight as risk sentiment recovered and the dollar held firm, but expectations of dovish monetary policy from global central banks capped bullion's losses and kept prices above the $US1,550 an ounce level.

'Extraordinary' ASX smashes more records

The Australian share market has smashed through the 7,100 mark, resuming its record-breaking trajectory as some traders were apparently caught in a short squeeze.

Australian stocks back to making gains

Australian shares have shrugged off a pullback to open higher again despite global markets reacting negatively overnight to news of a potential epidemic.

Oil market shrugs off Libya crisis

Oil prices fell overnight on expectations a well-supplied global market, including supplies from growing record US production, would be able to absorb disruptions that have cut Libya's crude production to a trickle.

Gold falls after hitting two-week high

Gold shed 1 per cent in volatile overnight trade as investors booked profits after prices hit a two-week high early in the session, although losses were limited by a slide in equities due to worries about a virus outbreak in China.

Aussie shares snap five-day winning streak

The Australian share market has ended its five-day record-breaking winning streak with a modest pullback.

BHP expands new division

BHP has detailed the rapid expansion of its recently established Operations Services subsidiary, which it says is delivering better results than the maintenance contractors it has displaced from its iron ore and coal operations.

More funds flagged for bushfire-hit areas

More local councils are expected to get $1 million federal government grants as the scale of bushfire damage comes to light.

Australian shares lower at open

The Australian stock market has ended a five-day streak as shares dipped in morning trade.

Oil rises as Libya declares force majeure

Oil prices rose to their highest in more than a week overnight after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle.

Gold gains, palladium soars

Gold hit a more than one-week high overnight as buyers hedged against persistent tensions in the Middle East and impeachment proceedings against US President Donald Trump, while deficit-hit palladium's record run showed no signs of abating.

ASX powers higher for fifth straight day

Australian shares have powered to new highs for a fifth consecutive day as the unprecedented bull run continues.

nib downgrades FY20 profit as claims rise

NIB expects to earn $30 million less than previously forecast as claims inflation eats into the health insurer's full-year operating profit.

Australian shares power higher

Australian shares have powered to new highs for a fifth consecutive day on a continuing wave of investor confidence.

Oil steadies after China economy news

Oil prices steadied after sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-US trade deal.

Palladium's rally pushes it above $2,500

Palladium soared over 9 per cent to power above the key $US 2,500 an ounce level for the first time on Friday, boosted by a chronic shortage of the metal in the market and hopes the global economy might be turning the corner.

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Woodside defers Browse LNG decision

Woodside Petroleum has deferred a final investment decision on the giant Browse gas project as it deals with the complexity of the planned development and unresolved commercial differences with its partners.

BHP expands new division

BHP has detailed the rapid expansion of its recently established Operations Services subsidiary, which it says is delivering better results than the maintenance contractors it has displaced from its iron ore and coal operations.

Accounts scandal hits Boral, CEO to leave

Boral boss Mike Kane has announced he is standing down after the company confirmed staff at its North American windows business had inflated earnings figures over a 20-month period.

Holden demise 'huge blow' for dealerships

Car dealers are reeling from the "huge blow" of General Motors retiring the Holden brand in Australia, as the peak dealership group calls for regulations to protect businesses.

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Holden demise 'huge blow' for dealerships

Car dealers are reeling from the "huge blow" of General Motors retiring the Holden brand in Australia, as the peak dealership group calls for regulations to protect businesses.

Mid West native title deal signed

The Yamatji Indigenous community has celebrated a landmark economic package and native title recognition for more than 100,000 hectares of land in Western Australia’s Mid West.