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The consumer watchdog plans to oppose the proposed takeover of Woolworths service stations by BP Australia, saying the deal would substantially lessen competition.
Gold prices have hovered near their lowest in nearly five months as investors awaited an expected US interest rate increase and clues from the US Federal Reserve on its plans for further rises next year.
The Australian dollar is almost half a US cent higher against the greenback which has weakened after the Federal Reserve raised its interest rate, as expected, but left its outlook unchanged.
Oil prices have slipped for a second straight day, as a slump in US crude stockpiles was offset by a larger-than-forecast rise in petrol inventories and as US crude output continued to grow to record highs.
The share market has edged higher as the property sector was boosted by the $33 billion takeover of Westfield, and the consumer staples sector also rose.
Reserve Bank of Australia governor Philip Lowe thinks bitcoin is mostly attractive to criminals and speculators but has acknowledged there could one day be an electronic Aussie dollar based on similar technology.
Oil prices have fallen sharply, as traders take profits after prices surged early to a two-year high on an unplanned closure of the pipeline that carries the largest North Sea crude oil grade.
Gold prices have retreated to a near five-month low as investors brace for a widely expected US interest rate increase this week and look for clues about further rises from the Federal Reserve.
Gold has steadied below $US1,250 an ounce after its biggest weekly drop in more than six months as markets anticipated an interest rate risee from the US Federal Reserve this week.
Oil have risen, overcoming declines early in the session, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York.
Mineral Resources has launched a $484 million takeover bid for oil and gas group AWE amid the ongoing battle for control of the Waitsia gas field north of Perth.
A joint venture between engineering groups Downer and Ausenco has secured an engineering, procurement and construction contract for OZ Minerals' Carrapateena copper gold project in South Australia.
Gold prices prices hovered above a four-month low on Friday and were on track for their biggest weekly fall since May after progress on US tax reform fuelled optimism about the US economy and boosted the dollar.
The Australian maker of a sonar-based shark detection system, which was recently adopted for trial in southern California, has dropped its toothy name as it chases bigger fish.
Gold has fallen one per cent, hitting a four-month bottom below its recent trading range, as Wall Street stocks rose and the US dollar strengthened on optimism about passage of a US tax overhaul.