AAP

The Australian share market is trading lower after US stocks dropped in late trade following the US Federal Reserve's first interest rate hike for the year.

The Australian dollar has rallied almost one US cent, after the US Federal Reserve raised its interest rate for the first time this year and paved the way for more rate hikes later this year.

Oil prices hit a six-week high on Wednesday, closing in on a three-year peak set in late January, on a surprise decline in US inventories, strong compliance on OPEC production cuts, and persistent

Gold rose more than one per cent from a three-week low after the US Federal Reserve increased interest rates and forecast at least two more hikes for 2018, falling short of the three more increases

The Australian share market closed higher on a day of light trading volumes ahead of a decision on interest rates by the US Federal Reserve.

The tourism industry has thrown its support behind the government's new two-year plan to increase visitation to Western Australia, but says the plan needs to be backed with the right leadership, skills and financial resources.

Internet plans over the national broadband network are getting cheaper, a new report says, despite recent criticism from retailers that their NBN costs are too high.

Billionaire James Packer has quit the board of casinos operator Crown Resorts because he is suffering from mental health issues.

Myer's executive chairman has issued a damning indictment of the department store chain's performance under ex-chief executive Richard Umbers after it slumped to a $476.2 million first-half loss.

Australian shares have opened comfortably higher after a strong surge in oil prices gave energy stocks and the major US stocks indexes a boost.

The Australian dollar is back below 77 US cents, under pressure from falling metals prices, amid market caution about higher US interest rates and worries about a possible trade war.

Oil prices have climbed to their highest level in three weeks as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the impact of growing US crude pr

Gold prices fell on Tuesday as the US dollar strengthened ahead of a Federal Reserve meeting at which the US central bank is expected to raise interest rates for the first time this year.

The Australian share market has dropped following soft leads from overseas markets and a fall in iron ore prices.

TPG Telecom has lifted its full-year guidance after first-half underlying profit rose, but the internet provider's two subsidiaries, iiNet and Internode, are being forced to compensate 11,000 customers following an investigation by the consumer watchdog.

Australian shares have opened lower after US stocks suffered severe falls against a backdrop of growing international trade tension and following a plunge in Facebook shares which weighed heavily on technology stocks.

The Australian dollar has bounced back from the three month low it hit on Monday, despit heavy falls on Wall Street, but following a bounce in gold prices.

Oil prices slipped on Monday as Wall Street slid more than one per cent and energy market investors remained wary of growing crude supply, although tensions between Saudi Arabia and Iran gave price

Gold prices turned positive on weakness in equity markets after touching their lowest in more than two weeks on Monday ahead of a US central bank meeting that could raise interest rates and signal

The Australian share market has closed slightly higher on Monday, helped by positive leads from US and European markets but the Australian dollar has taken a beating from lower commodity prices and the anticipation of higher US interest rates later this week.

A $100 million tax incentive scheme to encourage resources exploration and arrest the decline in Western Australia's mining sector passed the Senate today.

The Australian share market has opened higher following solid gains by Wall Street and European markets and higher oil prices.

The Australian dollar has fallen to its lowest level since Christmas, as metals prices fall on the back of worries about a possible international trade war.

Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as US stock prices rose and investors covered short bets ahead of a weekend in which the US news p

Gold prices are lower, as the metal is weighed down by a stronger US dollar and expectations that the US Federal Reserve will raise interest rates next week for the first time this year.

Australian shares have closed higher, led by a surge of support for consumer-related stocks following Wesfarmers' announcement of plans to spin off supermarket giant Coles.

Australian shares have opened comfortably higher, buoyed by news that Wesfarmers plans to spin off supermarket giant Coles, and after the Dow Jones index in the US made a strong surge on easing fears of an international trade war.

Investors have welcomed today's news that Wesfarmers plans to spin-off supermarket giant Coles and create a separately listed business that would rank among the 30 biggest on the Australian stock market.

The Australian dollar has hit a one-week low against a strengthening US dollar after comments from Donald Trump's new economic advisor Larry Kudlow that the president favours a stronger US dollar.

Oil prices edged higher in choppy trade, after the International Energy Agency said global oil demand is expected to pick up this year, but warned supply is growing at a faster pace.

Gold prices have dipped, under pressure from a stronger US dollar, although tensions between Britain and Russia limited the precious metal's decline a day after it hit a one-week high.

Andrew Forrest has lost his latest court fight against a sand miner operating on his cattle station in WA's Pilbara region.