AAP

ANZ has announced another $559 million in customer remediation.

The Australian share market has opened higher, shrugging off a negative lead from Wall Street.

Oil prices were up overnight, buoyed by hopes of progress in US-China trade talks and supported by challenges to supply facing major exporters.

Gold prices inched lower overnight but held a tight range around the $US1,500 level as investors took a cautious approach ahead of the US Federal Reserve minutes and trade talks between the US and China this week.

The Australian share market has posted gains across the board after jobs figures from the US reassured traders that the world's largest economy wasn't on the brink of recession after all.

The Perth restaurateur behind The Meatball Bar chain, Gourmet Republik, and Thuggs Fried Chicken and Waffles, is accused of threatening to destroy a man's cafe and put him "in a coffin" over some fruit and vegetables.

Oil prices rose about 1.0 per cent on Friday as an increase in US jobs eased some financial market concerns that a slowing global economy could dent oil demand but crude still fell more than 5.0 per cent on the week, its second consecutive weekly decline.

Gold steadied on Friday, paring earlier gains as bets the US Federal Reserve would cut interest rates aggressively this year were tempered after better-than-expected US jobs data, but bullion was still on track for a weekly gain.

Live export company Emanuel Exports and two of its former directors have strongly indicated through their lawyer they will plead not guilty to animal cruelty charges stemming from a sweltering voyage to the Middle East on which about 2,400 sheep died.

The Australian share market has made up a bit of its losses from the past two days but still ended the week down three per cent - its worst week since mid-November.

Commonwealth Bank's CommInsure life insurance unit has been charged with 87 counts of unlawfully selling life insurance policies over the phone.

The Australian share market has opened higher, joining Wall Street in recording gains after two sessions of significant losses.

US crude futures were slightly lower overnight, drawing some support from the stock market after earlier touching nearly two-month lows on weak economic data.

Gold jumped more than 1.0 per cent to its highest in a week overnight as weak US data deepened concerns over economic growth and bolstered bets for further interest rate cuts by the Federal Reserve.

The Australian share market has dived for a second straight day, losing $49 billion in value amid a rout of global equities.

\Webster Limited is set to become the latest Aussie agribusiness firm snapped up by Canadian interests, with a proposed $854 million takeover by PSP Investments sending the nut and livestock producer's shares soaring by more than 50 per cent.

The Australian share market has opened sharply lower, with every sector losing at least 1.0 per cent, after a second day of significant falls on Wall Street.

Gold prices rose more than 1.0 per cent overnight as a report showing weaker-than-expected hiring by US private employers stoked economic fears the day after another report showed weak manufacturing activity in the world's largest economy.

Oil prices fell more than 2.0 per cent overnight after official data showed a rise in US crude inventories, adding to worries about an oversupplied market as weak economic readings in the United States depressed global financial markets.

A major sell-off in global shares has battered the Australian share market following fears the mighty United States economy is slowing.

National Australia Bank is set to cop a $1.18 billion hit in its full-year results including an extra $832 million in customer remediation costs related to dodgy insurance and the fees-for-no-service advice scandal.

Westpac and ANZ have followed the lead set by rivals Commonwealth Bank and NAB and will not pass on Tuesday's 0.25 per cent rate cut in full.

The Australian share market has opened sharply lower, mirroring falls on Wall Street overnight.

Oil prices slipped overnight, pressured as weak US economic data dimmed crude's demand outlook while reports of an output decline from the world's largest oil producers in the third quarter kept prices from falling further.

Gold jumped 1.0 per cent overnight, reversing course from earlier in the session when it touched a near two-month low, as the US dollar pared gains after weak US manufacturing data bolstered bets for another interest rate cut by the US Federal Reserve.

The Australian share market has enjoyed its best day in nearly a month following the Reserve Bank's decision to cut the cash rate for a third time this year.

The Reserve Bank of Australia has cut the cash rate to a new record low of 0.75 per cent, with the board prepared to go even lower if the nation's economy does not respond.

Iconic Aussie sportswear brand Rip Curl has agreed to be acquired by Kathmandu in a $350 million deal that will create a $1 billion Australasian surfing and outdoor adventure company.

Oil prices fell overnight on fading concerns of supply shortfalls and conflicts in the Middle East as global benchmark Brent posted its biggest quarterly loss this year on demand fears due to the escalating US-China trade conflict.

Platinum plunged more than 5.0 per cent and gold shed 2.0 per cent overnight, leading a sharp decline across precious metals driven by a soaring US dollar, with deficit-hit palladium too giving up some gains from a record rally in which it breached $US1,700 per ounce.

The Australian share market has closed higher, with gains across the board, but the ASX still suffered its first losing week since mid-August.

Labor Leader Anthony Albanese has branded Bunnings underpaying some workers' superannuation for almost a decade as "wage theft".