AAP

Westfield Corporation shareholders have voted in favour of a $33 billion takeover by Paris property giant Unibail-Rodamco, marking the end of an era for the Lowy family.

The Australian share market is slightly lower amid weaker base metals prices and further falls for the big four banks.

The Australian dollar is higher after Wall Street made modest gains as it appear less likely the US Federal Reserve will increase the pace of its interest rate hikes this year.

Oil benchmarks fell on Wednesday after an unexpected build in US crude and gasoline inventories despite strong demand, and as traders weighed a possible increase in OPEC crude output to cover any shortfalls in supply from Iran and Venezuela.

Gold prices rose on Wednesday as the US dollar backed off its highs against a basket of currencies while investors interpreted minutes from the US Federal Reserve's latest policy meeting as dovish.

The Australian share market has closed slightly lower as energy shares tumbled after Santos rejected a $US10.9 billion takeover offer.

The long-delayed footbridge linking East Perth to Optus Stadium will not be ready by the end of May despite previous assurances by the McGowan government.

Commonwealth Bank has agreed to sell its stake in Chinese life insurer BoComm Life for $668 million.

Rio Tinto has confirmed it is in talks about the potential purchase of its stake in the Indonesian Grasberg mine for $3.5 billion.

Optus will pay $1.5 million in penalties for pressuring customers to move to the National Broadband Network sooner than required and misleading some of them about NBN service options.

The Australian market has opened fractionally higher as gains in base metal prices lifted the big miners and US President Donald Trump's trade war comments spooked Wall Street investors.

The Australian dollar is slightly lower after Wall Street fell, weighed down by comments from US President Donald Trump about the US-China trade talks.

Brent crude prices settled slightly higher on Tuesday after a volatile session in which potential supply concerns surrounding Venezuela and Iran jockeyed with comments from President Donald Trump, who said he was not pleased with US-China trade talks.

Gold prices have steadied just above their lowest point for the year as the US dollar fell from a five-month high, although risk appetite in the broader financial markets kept the metal's gains in check.

The Australian market share has posted its largest daily fall in seven weeks due to weakness for Telstra, the major banks and mining giants.

Federal Labor is demanding the Turnbull government hand over details of the deal it struck with Pauline Hanson to get her support to cut business taxes, a pact One Nation is now reneging on.

Telstra has blamed a software fault for its second widespread network outage in a month, which left customers unable to make calls or use mobile data. 

Private hospital operator Healthscope, which owns Perth's Mount Hospital, has rejected two competing takeover proposals it says undervalue the company, even as it lowers its earnings guidance due t

Australian shares have opened lower, shrugging off improvements seen on most global markets overnight including strong gains on Wall Street. 

The Australian dollar is higher, after US stocks, oil and copper prices gained ground overnight.

US crude hit its highest level since 2014 on Monday amid rising concerns that Venezuela's oil output could fall further following the country's presidential election and potential sanctions on the OPEC-member nation.

Gold price have hit a new low for the year to date after US Treasury Secretary.

The Australian share market has closed steady, with strong gains by the healthcare and utilities sectors countering yet another fall by Telstra and weakness among the banks and miners.

US private equity firm Harbour Energy has raised its bid for Santos to about $US10.9 billion ($A14.5 billion) on condition the local energy firm increases its oil price hedging for the next two years.

AGL has knocked back Alinta Energy's $250 million offer to buy Liddell Power Station and reaffirmed its decision to close the plant in 2022.

Vocus Communications has appointed former Optus boss Kevin Russell as managing director and chief executive, three months after Geoff Horth quit the broadband provider in the wake of an earnings warning.

Australian shares have opened lower, dragged down by the banks and after all three major US stock indexes posted a weekly loss as the markets grappled with US-China trade talks.

Gold prices rebounded on Friday, as the US dollar eased after Italian political tension sparked a sell-off in the country's bond markets and investors sought a safe haven in bullion.

The Australian dollar is flat after Wall Street stocks finished Friday's session flat or in negative territory.

Oil prices fell on Friday, but Brent crude marked its sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming US sanctions on Iran.

Australian shares have closed weaker as mining and banking stocks lost ground, despite the energy sector and vaccines giant CSL giving the local market a shot in the arm.

The Australian market has opened flat as surging CSL and energy shares negated a soft lead from Wall Street.