AAP

Commonwealth Bank of Australia executives, including CEO Ian Narev, will be hit in the pocket over the bank's more than 53,000 alleged breaches of anti-money laundering and counter-terrorism financing laws.

The Australian share market has opened higher thanks to gains from the heavyweight financials and miners.

The Australian dollar is lower against its US counterpart despite the greenback's slight easing.

Oil prices have dipped as a rebound in production from Libya's largest oil field prompts selling, and investors worry about higher output from OPEC and the United States.

Gold prices are little changed, failing to gain support from a weaker US dollar as investors digest sharp losses in the previous session and worried about further US rate rises.

The Australian share market has closed higher after the embattled Commonwealth Bank regained some lost ground, prices for iron ore and oil lifted, and better-than-expected jobs data out of the US boosted Wall Street over the weekend.

Billionaire mining magnate Andrew Forrest has issued a blunt warning to the Australian Rugby Union - if you want to cut the Western Force, you are going to have to defeat him first.

Commonwealth Bank of Australia has suggested that 53,000 alleged breaches of money laundering laws listed in a case brought against it by regulators could be treated as a single matter because they all stemmed from the same IT error.

The Australian share market has opened comfortably higher, buoyed by the mining sector and mimicking strong gains on Wall Street.

The Australian dollar is virtually unchanged against its US counterpart despite the greenback getting a significant boost from surprisingly good key US jobs figures.

Oil prices rose after a strong US jobs report bolstered hopes for growing energy demand, but crude prices declined for the week, pressured by rising OPEC exports and strong US output.

Gold has fallen one per cent after better-than-expected US jobs data boosted the beleaguered dollar and potentially cleared the way for the US Federal Reserve to raise interest rates for a third time this year.

The Australian share market has closed lower with energy companies and banks leading a broader sell-off.

A tough-love rehabilitation centre for male drug and alcohol addicts in Perth's Swan Valley can stay open for the time being, after a Supreme Court ruling gave it a second chance to secure local council approval.

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.