AAP

IMF Bentham has confirmed it will fund a Federal Court open class action against the Commonwealth Bank relating to allegations the lender breached anti-money laundering and counter-terrorism funding laws.

The Australian market has opened lower, following the negative lead of international bourses with investors unnerved by North Korea's nuclear missile test.

Brent crude prices have fallen while US crude oil prices have edged higher and petrol prices have slumped to pre-Hurricane Harvey levels, as oil refineries and pipelines in the US Gulf Coast slowly resumed activity, easing supply concerns.

The Australian dollar has slipped against its US counterpart, which also fell, but less so, as gold and defensive currencies fared better than equities and bonds amid quiet markets.

Gold prices have shot up to their highest levels in close to a year as investors bought safe-haven assets on worries that North Korea might launch more missiles after Sunday's nuclear test.

The Australian share market has closed lower after North Korea's latest nuclear weapon test unnerved investors.

US broadcast giant CBS has made a $143 million loan to the Ten Network Holdings to refinance the struggling local outfit's debt - advancing its interest even as a potential challenge to its takeover still stands.

A motion to financially secede Western Australia from the federation drew gasps of disbelief around the nation when it was narrowly passed, but even those proposing it admit it's unlikely to happen.

Perth lord mayor Lisa Scaffidi has been disqualified from holding any office for 18 months after failing to disclose gifts and travel, but her lawyer will seek to halt the penalty pending an appeal.

The Australian market has opened ignored Wall Street's modes positive lead and opened lower.

Gold has risen to its highest in nearly 10 months after US jobs growth slowed more than expected in August, but pared gains when investors judged that the figures were unlikely to change the outlook for US interest rate rises.

The Australian dollar is higher against its US counterpart which itself has lifted against a basket of currencies despite disappointing key US jobs figures.

The Australian share market has closed slightly higher on Friday after strong gains on Thursday, with heavyweight Commonwealth Bank weighing on the index and blood products and vaccines giant CSL providing some lift.

Telstra boss Andrew Penn will take home $5.2 million this year, almost $1.6 million less than he did a year ago, as the telco's plunging share price weighs on his share entitlements.

Australian shares have opened higher, boosted by a strong overnight lead from Wall Street, with the local market currently on track to recover the week's losses.

The Australian dollar has bounced back against its US counterpart as geopolitical tensions and uneven US data continue to plague the currency.

Petrol futures have surged more than 13 per cent, and crude oil has settled nearly 3 per cent higher, as almost a quarter of US refining capacity remained offline and traders scrambled to reroute millions of barrels of fuel.

Widespread gains led by miners, banks and healthcare giants have driven the share market to its best daily gain in almost three weeks.

Cattle exporter Wellard says the China market has potential but only if prices for Australian cattle come down.

Qantas is changing one of its most popular routes and upgrading the aircraft on another key service as part of a five-year extended partnership with Emirates.

The Australian market has opened higher, after Wall Street gained following better-than-expected economic growth and private jobs data.

Gold has steadied, as a stronger US dollar pushed the metal off Tuesday's nine-and-a-half-month high, but the precious metal remains above $US1,300 on renewed tensions between Washington and North Korea.

The Australian dollar is sharply down against its US counterpart as risk sentiment improves amid strong US economic data.

Petrol futures have surged to a two-year high while crude oil was down, as flooding and damage from Tropical Storm Harvey shut nearly a quarter of US refinery capacity, curbing demand for crude while raising the risk of fuel shortages.

The Australian share market had a steady session despite Telstra shares falling to a five-year low.

Disgruntled Ten Network Holdings shareholders are considering a class action against the troubled network as they face receiving no compensation for their stock under the takeover proposed by US media giant CBS.

Andrew Forrest has called on Cameron Clyne to resign, claiming the ARU chairman misrepresented the reasons he chose to axe the Western Force.

Telstra's plan to pay down debt and create new shareholder returns by monetising the receipts from the national broadband network has been rejected by the rollout company.

The Australian share market has bounced back from its previous sessions' 10-week low and opened higher with investor nerves cooling after North Korea fired a missile over Japan.

The Australian dollar is a little higher against its US counterpart which rebounded as markets reversed their risk averse response to North Korea's missile firing over Japan..

US petrol futures have jumped four per cent while crude prices are mixed after a hurricane shut down 16 per cent of the country's refining capacity, curbing fuel production and further bloating crude inventories.

Gold has jumped to its highest since November, extending the prior day's rally above $US1,300 per ounce as investors bought bullion as insurance against falling prices of other assets after North Korea tested a ballistic missile over Japan.