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Watchdog warns NBN Co over discrimination

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The National Broadband Network has copped an official warning from the competition watchdog after the taxpayer-funded wholesaler allowed one telco to see sensitive pricing information months before its rivals.

Oil eases on weak demand concerns

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Oil prices slid about 1.0 per cent overnight as the US government's plans to blacklist more Chinese companies dampened hopes for a trade deal between the two countries, although unrest in Iraq and Ecuador lent some support to crude prices.

Gold rises amid new concerns on trade

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Gold prices gained overnight, bouncing off a one-week low touched earlier in the session, as uncertainties over US-Chinese trade talks and Brexit drove a decline in stock markets and prompted investors to seek refuge in the safe-haven metal.

ASX higher ahead of US-China trade talks

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The Australian share market has closed higher for a third day ahead of another round of US-China trade talks.

ANZ announces another $559m in remediation

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ANZ has announced another $559 million in customer remediation.

ASX opens higher despite Wall Street dip

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

Oil prices up as US-China trade talks loom

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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 steady as focus shifts to trade talks

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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.

ASX higher as tech sector leads rise

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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.

Prominent Perth restaurateur accused of extortion

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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 settles up on US unemployment rate dip

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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 pares gains after decent US jobs data

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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.

WA sheep exporter to fight cruelty charges

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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.

ASX suffers worst week since mid-November

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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.

CommInsure hit with 'hawking' charges

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

ASX opens higher, healthcare stocks surge

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

Oil prices weaken slightly

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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 gains 1% on poor US economic data

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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.

ASX loses $49bn as all sectors flash red

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

Webster stock soars on $854m Canada buyout

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\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.

ASX dives at open as all sectors flash red

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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 climbs more than 1% on weak US data

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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 slides 2% on weak economic data

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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.

ASX dives as fears US economy is slowing

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

NAB cops new $1.18bn remediation hit

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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.

Big Four banks all withhold full rate cut

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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.

ASX dives at open as banks lead slide

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

Oil prices sink on weak US economic data

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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 bounces after release of weak US data

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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.

ASX rallies, Aussie dips after rate cut

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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.

RBA cuts cash rate to new record low 0.75%

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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.

Kathmandu to splash $350m on Rip Curl

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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.