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Visa fined $18m for being anti-competitive

Visa has been fined $18 million for abusing its market power to prevent rival currency conversion services on payment terminals that use its cards.

Shares close 12.8pts higher

The share market has closed slightly higher in a see-sawing session ahead of the release of important jobs figures in the US.

Geoffrey Bolton dies at 83

Eminent Western Australian historian Geoffrey Bolton has died at the age of 83.

Woodside boss to chair Africa group

Woodside Petroleum boss Peter Coleman will head a new advisory group on Africa as the federal government trumpets investment over aid.

Shares open 27.2pts lower

Australian shares have dipped again in early trade despite gains by the miners and a positive lead from European markets. At 1025 AEST on Friday, the benchmark S&P/ASX200 index was down 27.2 points, or 0.54 per cent, at 5,000.6 points.

Oil rises as ECB hints at more stimulus

Oil prices have risen for a second straight day after the European Central Bank indicated more stimulus could be on its way for the eurozone.

US shares pare gains ahead of jobs report

US equity markets have given up early gains as investors turned cautious ahead of the August jobs market report, which could weigh heavily the Federal Reserve's upcoming interest rate decision.

$A steadies after ECB forecast downgrade

The Australian dollar is virtually unchanged after the European Central Bank downgraded its economic forecasts.

Gold falls as $US lifts

Gold has fallen one per cent as the US dollar jumped versus the euro after the European Central Bank (ECB) cut inflation forecasts, while a US jobs report that could provide clues on the timing of a Federal Reserve rate rise remains in focus.

Woodside to boost African exploration

Woodside Petroleum wants to boost exploration in Africa but says it cannot invest in countries that have onerous fiscal regimes.

Shares close 73pts lower

The Australian market has closed sharply lower, led downwards by the big banks as investors decided to put their money elsewhere.

Retail spending slips a little in July

National retail spending has fallen for the first time in over a year, dragged down by a drop in spending on household goods, but WA's retail sector remained strong.

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Exporters

LabelValue
Rio Tinto$26.71bn
BHP Billiton Iron Ore$24.30bn
North West Shelf Venture$19.62bn
Fortescue Metals Group$12.48bn
Woodside Petroleum$6.09bn
Others$81.20bn
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