Australia's banking regulator wants to further lift banks' capital requirements in order to strengthen the financial system's ability to cope with shocks.
The competition watchdog will allow Fairfax Media's $4 billion merger with Nine Entertainment to go ahead after deciding the move would not diminish competition in Australian news and media.
Gold pared some gains overnight but held firm as the dollar slid after the US midterm elections delivered a split Congress and as investors looked ahead to a Federal Reserve meeting for signals on future interest rate hikes.
Wall Street is set for a modestly firmer open on Wednesday and global stocks rose after significant US election gains for the opposition Democrats, but the outcome may rule out further tax cuts, sending the dollar and Treasury yields sharply lower.
The Australian share market was lifted higher by banking and energy stocks on a choppy day's trading as investors awaited the result of US mid-term elections.
Treasurer Josh Frydenberg has rejected a Chinese consortium's proposed $13 billion purchase of APA Group, saying the deal would result in an undue concentration of foreign ownership of the country's gas transmission pipelines.
BHP Billiton disclosed today that its iron ore stockpiles at Port Hedland will not be sufficient to cover the supply disruption caused by this week's train derailment.
The board of Kin Mining says costs at its Leonora gold project could have blown out by up to 50 per cent, after the explorer today released an engineering report that was leaked online earlier this week.
Duchenne UK and Australia-based Save Our Sons Duchenne Foundation have invested $620,000 in a UWA project seeking to treat Duchenne Muscular Dystrophy.
Gold fell as US equities and the dollar firmed ahead of the outcome of congressional elections in the United States, denting the precious metal's appeal.
Oil prices have fallen further, with US crude futures sliding to an eight-month low, a day after Washington granted sanction waivers to top buyers of Iranian oil and as Iran said it had so far been able to sell as much oil as it needs to sell.
Wall Street's major indexes have closed higher as voters headed to the polls in US midterm congressional elections and investors hoped the result would provide some relief for stocks after prolonged uncertainty.
Strandline Resources has boosted its coffers with a $3 million capital raising to fund development its mineral sands projects in Tanzania and Western Australia.
BHP Billiton's rail operations in the Pilbara are expected to be out of action for a week after a runaway train laden with iron ore travelled 92 kilometres with no-one on board before it was deliberately derailed.
Pindan has secured a state government contract as part of a project to build a new headquarters for the WA branch of the Returned and Services League on St Georges Terrace.
Terry Streeter-chaired Moho Resources is set to list on the ASX tomorrow, while the experienced mining executive has also been appointed to the board of Chile-focused explorer Emu.
