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Oil flat as OPEC signals deeper output cut

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Oil futures were little changed overnight, supported by expectations that OPEC will deepen output curbs but pressured by the prospect that gas condensate will be excluded from cuts for non-member producers.

Gold firms amid US-China trade uncertainty

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Gold edged higher overnight as uncertainty emerging from mixed messages on the US-China trade negotiations offset headwinds from positive economic data out of the United States while deficit-hit palladium extended a record surge.

ASX rises as all sectors bounce back

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The Australian share market has rebounded following two days of steep losses, with every sector posting gains.

Morrison restructures top govt agencies

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Scott Morrison is reducing the number of federal government departments and sacking five senior bureaucrats in a major shake-up of the public service.

Target Caltex raising cash, selling sites

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Caltex Australia is planning a $500 million capital raising and the sale of an initial 25 petrol stations for $136 million as it contends with an unsolicited approach from its Canadian suitor.

Oct retail flatlines despite RBA rate cut

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Retail spending flatlined in October in yet further evidence consumers have banked any recent stimulus windfall instead of hitting the shops.

7-Eleven drags Metcash to $152.5m H1 loss

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Metcash has slipped to a $152.5 million first-half loss on the back of the loss of its 7-Eleven supply contract.

ASX jumps at open as telcos surge

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The Australian share market has rebounded following two days of steep losses and after stocks on Wall Street bounced overnight.

Oil jumps 4% on US stockpiles drop

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Oil prices surged 4.0 per cent overnight on expectations that OPEC and allied producers would extend production curbs and as US government data showed a large drop in domestic crude stockpiles.

Gold retreats as trade optimism resurfaces

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Gold shrugged off earlier gains to fall overnight as a report suggesting progress on the US-China trade negotiations rekindled risk appetite while palladium notched up a fresh peak.

Veronica Theriault jailed for fraud

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A business consultant who worked extensively in Perth has been jailed for nearly two years after she faked her credentials to secure a job as chief information officer for the South Australian government.

ASX drops as all sectors retreat again

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The Australian share market has fallen sharply for the second day in a row, after Donald Trump remarked that a trade deal with China might have to wait until late 2020.

Economic growth remains at snail's pace

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Australia's GDP showed only a slight expansion in the last three months, while WA's state final demand fell by 0.2 per cent for the quarter - the second weakest performing state.

ASX slides lower as all sectors retreat

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The Australian share market has fallen sharply for the second day in a row after another negative lead from overseas.

Oil steadies after dip on trade comments

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Oil steadied overnight as expectations of output cuts from OPEC and allied producers brought prices back up after they slid briefly following comments from US President Donald Trump that a trade deal with China may be delayed.

Gold jumps more than 1% on trade tensions

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Gold jumped more than 1.0 per cent overnight on fading optimism surrounding a US-China trade deal after US President Donald Trump said talks could extend until after the presidential elections in November 2020.

ASX tumbles hard amid overseas gloom

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The Australian share market has suffered its worst day since mid-August on renewed fears over global trade uncertainty.

RBA keeps cash rate at 0.75% for now

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The Reserve Bank of Australia has held the cash rate at a record low 0.75 per cent, as widely expected by economists.

Current account surplus grows to $7.85bn

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Australia's current account surplus widened to a larger than expected $7.855 billion in the September quarter despite a drought-related decline in export of rural goods.

Caltex says $8.6bn bid undervalues company

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Caltex Australia says the $8.6 billion unsolicited takeover offer from Canadian convenience store operator Alimentation Couche-Tard undervalues the company.

Santos lifts 2025 oil output forecast

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Santos has upgraded its 2025 production outlook to 120 million barrels of oil equivalent from 100 mmboe, indicating a cumulative annual growth rate of more than eight per cent.

Metcash to cop fresh $237.4m write-down

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Metcash has announced a $237.4 million write-down against its major food division just days after revealing 7-Eleven would not be renewing its $800 million supply contract.

ASX opens sharply lower on overseas gloom

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The Australian share market has dropped sharply lower amid renewed fears over global trade uncertainty and ahead of the central bank's decision on monetary policy.

Oil futures up on OPEC+ supply curbs talk

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Oil futures gained about 1.0 per cent ovenright on hints the Organisation of the Petroleum Exporting Countries (OPEC) and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand.

Gold steadies after weak US data

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Gold steadied overnight after paring losses as weak US manufacturing data rekindled worries about a slowing economy while palladium exceeded $US1,860 per ounce in its week-long surge to new all-time highs on a supply crunch.

Fresh closing high for Aussie share market

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The Australian share market has set a fresh all-time closing peak but narrowly missed eclipsing its all-time intraday high set on Friday.

Third accused over WA public sector fraud

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Police investigating Western Australia's biggest public sector theft have charged a third person over the alleged corruption.

Nickel has biggest monthly fall since 2011

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Nickel hit its lowest point in more than four months on Friday and posted its steepest monthly loss in eight years on faltering steel output from top producer China and waning impact from an Indonesian ore export ban.

Optus fined $6.4m over NBN emails

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The Federal Court has ordered Optus to pay $6.4 million in penalties for falsely telling customers of rival broadband services their home internet would soon be disconnected.

Woolies to defend wage theft class action

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Woolworths has been slapped with an employee class action that alleges its underpayment scandal is far worse than the current $300 million estimate.

Utilities, healthcare sectors boost ASX

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The Australian share market has moved higher, shrugging off a negative lead from overseas at the end of last week.

Gold gains as investors eye trade talks

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Gold prices gained on Friday as markets awaited further developments on US-China trade talks after officials in Beijing said they would retaliate against the US for passing a law in support of Hong Kong protesters.