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Consumer confidence improving for now

A renewed steep sell-off on the Chinese share market risks undermining improving levels of consumer confidence in Australia.

Shares open 38.1pts lower

The Australian share market has opened lower.

Chinese market dive pressures US stocks

Wall Street equities took a hit after a big drop in the Chinese stock market sparked worries about global economic growth.

Oil prices slump on China jitters

Oil prices have slumped for a fourth straight day as the steepest drop in Chinese equities since 2007 fuelled fresh fears about reduced demand in the world's top energy consumer.

$A falls after Chinese equities meltdown

The Australian dollar is weaker following an aggressive sell-off in Chinese equities.

Spot gold down, futures up

Spot gold has lost ground, moving closer to last week's five-and-a-half- year lows below $USUS1,100 per ounce, with expectations for a near-term US interest rate hike seen keeping momentum firmly with the bears.

Atlas Iron shares drop heavily

Monday was a horror first day back to the trading room for Atlas Iron as the Pilbara miner's share price plunged by more than 70 per cent.

Market closes up 23.8pts

The big miners have led the way as the Australian share market recovered from early jitters to end a run of three straight losses and close the day higher.

NAB lifts investor property loan rates

The National Australia Bank has joined the Commonwealth Bank and ANZ Bank in raising the interest rates it charges property investors, following measures announced by the banking regulator.

Seafarms' $1.45bn project fast-tracked

The Northern Territory and federal governments are fast-tracking what could be one of the world's largest prawn farms by granting major project status to the proposal being driven by a Perth-based company.

iiNet shareholders back TPG bid

Shareholders of internet services provider iiNet have overwhelmingly approved a proposed $1.6 billion takeover of the company by TPG Telecom.

Northern Star's record gold sales

Goldminer Northern Star Resources sold a record amount of gold in the June quarter, putting it well within its sales guidance for the full year.



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
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