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The Reserve Bank of Australia has left the cash rate unchanged at 1.5 per cent, witht the central bank board continuing to worry about weak wages growth.
Australian shares have opened lower after the major Wall Street stock indexes were dragged down by heavy falls in technology shares and resurgent trade war worries.
A sell-off in technology majors has deepened, wiping out the tech-heavy Nasdaq index's gains for the year and pushing the benchmark S&P 500 below a closely watched technical level for the first
The Australian share market has closed lower, with weakness among mining and energy stocks and a dip in ANZ outweighing modest gains elsewhere for the big banks in lacklustre pre-Easter trading.
Nine Entertainment has snatched Australian tennis broadcasting rights from long-term holder Seven Network for $60 million per year, in the latest plot twist in the current sports rights negotiations.
Australian shares have eased into positive territory at the open of trade ahead of the Easter break, following a choppy session overnight, where tech giant Amazon led late falls on the technology laden Nasdaq index.
The Australian dollar has hit a three-month low as US stocks appear on track to post another day of losses, and base metal prices also suffered losses.
Oil prices fell about one per cent after data showed US crude inventories unexpectedly rose 1.6 million barrels last week, weighing on market sentiment.
Gold prices have fallen more than one per cent as a US dollar bounce on US economic growth data pulled prices further from the previous day's near six-week peak, although softer equities markets ke
Australian shares have ended the session sharply lower, with broad losses across most sectors after a Facebook-led tech stock slump induced heavy overnight falls on Wall Street.
Oil prices were little changed on Tuesday, with Brent futures retreating after hitting $US71 a barrel, as the US dollar recovered from earlier losses and as the market continues to stagnate after s
Gold prices fell on Tuesday after hitting a near six-week high as the US dollar rose and risk appetite revived in global financial markets, but the precious metal remained underpinned by an array o
Australian shares have closed higher led by the big miners following strong overnight leads from Wall Street as fears of a trade war between the US and China receded.
Copper miner OZ Minerals has launched a $444 million takeover bid for Avanco Resources, sending shares in the Subiaco-based ASX-listed exploration company soaring.
Fortescue Metals Group has cut the amount it expects to receive for its iron ore shipments this year, saying slow Chinese construction and the recent Trump-inspired trade war fears are weighing on forecasts.
US stocks have risen across the board as fears about a trade war between the US and China eased following reports that the two countries were willing to negotiate tariffs and trade imbalances.
Gold prices rose to more than five-week highs on Monday after the United States said it would expel 60 Russian diplomats, prompting investor flight into assets considered safe havens.
Gold miners were the one bright spot today as Australian shares fell back to levels not seen since mid-October, with almost every other sector in negative territory as worries of a protectionist trade war continue to weigh down global markets.
Telstra is being taken to court by the consumer watchdog, and is facing fines of up to $10 million and user refunds of $5 million after the telco allegedly charged its own customers unawares through a third-party billing service.
Incoming chief executive Matt Comyn has already started his overhaul of the Commonwealth Bank's leadership team, with three senior executives set to depart.
Australian shares have started the day lower, following a plunge in industrial metal prices and US stocks amid ongoing concerns of a possible trade war between the US and China.
The Australian dollar is back where it finished the local session on Friday, managing to hold its ground despite falls in base metals prices and US stocks.