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Big falls across the financial and energy sectors pushed the share market to its lowest level in more than four months, amid mounting uncertainty of the outcome of next week's US presidential election.

A neuroscience-focused business that has been backed by the Perth-based Trevisan family has made a solid debut on the ASX after completing a $7 million initial public offering led by Azure Capital.

The Nationals' proposed iron ore charge is part of a larger strategy to lure voters from its rivals at the March election.

In May 2015, mining executive Julie Shuttleworth had to deal with two major developments in her life. She had just started as general manager of Fortescue Metals Group's Solomon mine when she found she was pregnant with her first child.

Oil and gas explorer Xstate Resources has entered into an agreement to acquire a 24.5 per cent stake in a producing onshore oil field in California for $US13 million ($A17 million).

Failed fertiliser supplier Superfert Dongbu has gone into liquidation, 18 months after it had been put into voluntary administration.

Perth gold miner Saracen Mineral Holdings has locked in a financing facility of up to $150 million with a banking syndicate, replacing a previous loan deal that expired in September.

The founder and chairman of Fortescue Metals Group has reaffirmed his commitment to the iron ore industry by increasing his stake in the business, buying $6.9 million worth of shares in an on-market trade.

New car sales crashed in Western Australia last month, adding to a year of poor performance in the industry.

Feedmee is a food discovery app, the ‘Tinder for food'. Users swipe through photos of food until they find what they want.

Australian shares have opened lower following weak leads from overseas, with financial and energy stocks pulling the market into the red.

The S&P 500 fell for an eighth straight session on Thursday, its longest losing streak since the 2008 financial crisis, as Facebook shares weighed and investors grappled with uncertainty over next week's US presidential election.

The Australian dollar has strengthened further against its US counterpart, helped by increased commodity prices.

Oil prices have settled more than one per cent lower as investors reeled from a record weekly surge in US crude inventories, and remained sceptical about whether OPEC can actually implement its planned output cap.

Gold has edged higher in response to a lower US dollar and also uncertainty about the outcome of a tight US presidential race.

ANZ shrinks to reduce rising risksANZ Banking Group has shed 3600 jobs and chief executive Shayne Elliott is pulling back on mortgage lending fearing any

Water Corporation chief executive Sue Murphy and technology entrepreneur Anthony Grist have been appointed to the board of the Fremantle Football Club.

East Perth may miss out on an expected economic boost from the opening of Perth Stadium.

Australian spearhead Mitchell Starc sizzled, while the Marsh brothers snaffled spectacular catches, as South Africa reached 7-176 at tea on day one of the first Test at the WACA.

The possibility of Donald Trump winning the US presidency continues to unnerve investors but bargain-hunters pushed the Australian market to a flat close after a poor start on Thursday.

Belmont-based security company Threat Protect Australia has locked in a $10.5 million funding package with a Melbourne-based wealth management business, to continue its growth plans.

Reiwa members reported an increase in weekly sales to 614 this week. The overall 2 per cent increase in sales over the week is attributed to a 23 per cent increase in sales for units and 26 per cent increase in sales for land.

Medical not-for-profit company Linear Clinical Research was among a diverse group of businesses to win plaudits at the recent WA Industry and Export Awards.

The joint venture that has today started construction of the state government's $1.96 billion Forrestfield-Airport Rail Link project has also submitted a proposal for the third stage of the NorthLink WA road project.

MMJ Phytotech has accepted a competing bid for the spin-out of its medical cannabis-focused Canadian subsidiaries onto the TSX Venture Exchange, with the new deal worth $C42 million ($A41 million).

Celebrity chef Jamie Oliver says he's excited to take on the Australian chain of restaurants that bear his name after the collapse of their previous owner.

The state election next year looks set to be a close one, with two polls this week showing conflicting shifts in popularity among the major parties.

Perth-based miner South32 has entered into an agreement to buy the Metropolitan Colliery and a 16.7 per cent stake in the Port Kembla coal terminal in NSW from Peabody Energy Corporation for $US200 million ($A261 million) in cash.

ANZ Banking Group's full-year cash profit dropped 18 per cent to $5.89 billion following a big hit from restructuring charges, and the bank is looking at further streamlining its business.

The Australian share market has opened lower following negative leads from European and US markets overnight and a further drop in oil prices.

The Australian dollar on the back of higher commodity prices as a risk-averse mood about the US presidential election weighs on greenback.

Oil prices have tumbled three per cent after a record weekly build in US crude inventories stoked investor worries about a global supply glut, days after analysts estimated higher monthly OPEC crude output.