AAP

Casinos operator Crown Resorts will not reveal its plans for lifting its ailing VIP high-roller business, after reporting a 15.5 per cent fall in normalised net profit for the 2017 financial year.

Tabcorp has slipped to a full-year net loss of $20.8 million on the back of costs related to its proposed merger with Tatts, legal battles and its new UK business.

The Australian share market has opened lower with losses by energy stocks and the heavyweight financials, including a two per cent fall in Commonwealth Bank, weighing on the market the most.

The Australian dollar has retraced its previous session's losses and is again higher against its US counterpart which fell in the offshore session on disappointing data.

Oil prices have fallen, as cautious buying dried up after US crude rose to near $US50 a barrel, with concern about high crude supplies from producer club OPEC offsetting the previous day's data showing record US gasoline demand.

Gold has steadied, hovering below Tuesday's seven-week high, as investors await US jobs data for further clues on the outlook for interest rates.

The share market has closed lower as investors took profits, especially in the mining sector and among major oil stocks, and a disappointing earnings report from Suncorp weighed on insurance stocks.

Commonwealth Bank of Australia has been accused of a systemic failure to comply with anti money laundering and counter-terrorism financing laws.

The major contractor at Chevron's massive Wheatstone gas project says it has taken action after more than 250 workers signed a petition alleging serious workplace bullying.

Strong winter sales growth in Australia and New Zealand has boosted outdoor clothing retailer Kathmandu's full-year profit by as much as 13.4 per cent.

The Australian share market has opened lower, dragged down by heavyweight miners and ignoring Wall Street's lead where the Dow rose to a new record high.

Oil prices have edged higher, as surging US fuel demand and strong refinery runs offset data from the Energy Department that showed crude inventories did not fall as much as expected last week.

The Australian dollar is down against US counterpart which has also weakened despite there being no single event to pressure it.

Gold has risen, nearing seven-week highs, as the US dollar fell to a 15-month low and US data showed fewer-than-expected new jobs in July, bringing into question chances of the Federal Reserve raising interest rates in the coming months.

The Australian share market has closed lower after mining and energy companies slid due to a plateau in commodity prices and the major banks lost ground.

Rio Tinto has almost doubled its half-year net profit to $US3.3 billion due to higher iron ore and coal prices.

Insurance giant QBE will pay up to $15.9 million in refunds to customers who paid for ‘add-on’ car insurance that provided little or no benefit.

The Australian share market has opened almost flat, weighed down by losses in the mining sector.

The Australian dollar has fallen slightly against its US counterpart after soaring above 80 US cents only minutes after the Reserve Bank of Australia left the official cash rate unchanged at 1.5 per cent.

Oil dropped about two per cent from a two-month high as major world oil producers kept pumping out supply, causing investors to worry that several weeks of steady gains had pushed the rally too far, too fast.

Gold prices rose to a seven-week high, after US economic data showed lukewarm inflation and nearly flat consumer spending, raising the question of whether the Federal Reserve will raise interest rates in the coming months.

The share market has gained ground as better than expected Chinese factory data and stronger commodity prices fuelled a rally in mining and energy stocks.

Treasurer Ben Wyatt has emerged disappointed from a meeting with federal counterpart Scott Morrison after failing to secure measures to prevent a shortfall of almost $2 billion in the state budget.

The share market is slightly higher amid investor caution ahead of the Reserve Bank of Australia's monthly interest rate decision.

The Australian dollar has crept higher against its US counterpart, hitting 80 US cents, as the US dollar slides around, most other major currencies tread water but commodity currencies slip.

Oil prices have risen to two-month highs, ending the strongest month of the year for crude futures, boosted in part by expectations of US sanctions against Venezuela's oil sector and as supply concerns have waned in recent weeks.

Gold has hit its highest in almost seven weeks, boosted by a struggling dollar and US economic data that cast doubt on whether the Federal Reserve will raise rates again this year.

The Australian share market has closed higher, led by mining and energy stocks, as investors took confidence from offshore markets ahead of the start of the local reporting season.

Prime Minister Malcolm Turnbull says he has taken on "the cause" of getting Western Australia a fairer deal on GST amid new claims the state will lose another $1.9 billion of the national carve-up.

Biotech company Sirtex Medical is facing two class actions over allegations it engaged in misleading and deceptive conduct in relation to missed sales forecasts for 2016-17, which sparked a share price plunge.

Origin Energy has lifted full-year oil and gas production by 40 per cent to 323 petajoules, helped by the ramp-up of operations at its Australia Pacific liquefied natural gas project and better-than-expected output from its conventional oil and gas business.

The Australian share market has bounced back from its previous session's losses, starting the week comfortably higher on the back of strength in the mining and energy sectors.