AAP

Oil settled little changed on Thursday after sliding to its lowest level in a week in volatile trade, but a surging US dollar did not pressure prices below technical support levels as OPEC members told customers they would cut crude supplies.

Gold fell more than one per cent to a 10.5 month low on Thursday after the US Federal Reserve sounded an unexpectedly hawkish note on US interest rates, sparking a surge in Treasury yields and sending the dollar to a 14-year high.

US stocks rose on Thursday, led by gains in bank shares, a day after the Federal Reserve raised interest rates for the second time in nearly a decade.

Energy and resources companies including Santos, Origin Energy and Newcrest Mining have dragged the share market lower following a drop in oil prices and the US Federal Reserve's rate hike.

Fuel refiner and retailer Caltex Australia expects its underlying profit to fall by about 20 per cent because of weaker margins in its refining operations.

Casinos giant Crown Resorts has dumped plans to spin-off its international assets and further reduced its stake in its Macau joint venture, Melco Crown Entertainment amid a suite of strategic changes.

The Australian share market is lower in early trade, following overnight falls on Wall Street after the US Federal Reserve cut its benchmark interest rate and flagged three more rate cuts next year

The Australian dollar has plunged, falling more than one US cent in overnight trade in the wake of the US Federal Reserve's move to lift its benchmark interest rate by a quarter of one per cent.

Oil prices slid more than three per cent on Wednesday as the dollar jumped after the US Federal Reserve's decision to hike US interest rates and after a jump in crude inventories at the biggest US storage centre renewed concerns about a glut.

Gold turned lower and tapped the lowest in more than 10 months on Wednesday, after the Federal Reserve raised US interest rates by a quarter point and signalled a faster pace of increases next year, causing the US dollar to rally.

US stocks fell the most in two months on Wednesday after the Federal Reserve raised interest rates by a quarter point and signalled hikes could come next year at a faster pace than some expected.

The share market has closed higher with almost all sectors in positive territory ahead of the US central bank's interest rate decision.

The Federal Court has approved multi-million dollar fines slapped on ANZ Banking Group and Macquarie Bank for attempted fixing of the benchmark rate for the Malaysian ringgit, reaching the decision only "with some hesitation".

BHP Billiton says production at its disaster-hit Samarco iron ore mine in Brazil could restart in 2017, but only if the joint venture project's $US3.8 billion of debt is restructured and new operating approvals are secured.

The Australian share market has gotten off to a firm start following overnight gains on Wall Street, but investor mood remains cautious ahead of the US Federal Reserve decision on interest rates.

The Australian dollar is up slightly on the back of a weaker greenback and rally on Wall Street.

Oil prices edged off earlier gains to end Tuesday nearly unchanged, as the support from OPEC's plan to limit production were undercut by an energy watchdog's assessment of how much those nations are currently producing.

Gold edged lower on Tuesday, losing its luster as the US Federal Reserve began its two-day meeting during which it is expected to deliver the second U.S. interest rate hike in a decade and provide some insight into its outlook for 2017.

Clive Palmer has won a battle in his ongoing legal fight with Chinese company CITIC Pacific Mining after a Western Australian Supreme Court judge ordered the company to pay him $US10.7 million ($A14.3 million).

The Australian share market has been dragged lower by heavy selloffs among the miners and banks.

Commonwealth Bank of Australia is raising its standard variable rates for investor mortgages by 0.07 per cent following earlier raises to its fixed-rate products.

The Australian share market has opened lower following a mixed overnight performance by global markets.

Oil rose to an 18-month high on Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to tackle global oversupply.

Oil rose to an 18-month high on Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to tackle global oversupply.

Gold prices sank to their lowest in more than 10 months on Monday, hit by expectations of an increase in US interest rates this week that have boosted US Treasury yields.

The Australian dollar is stronger against the US dollar following another rise in iron ore prices and the greenback's overall retreat.

The Australian share market has surrendered most of its early gains to close almost flat in the wake of positive leads from US and European markets and the decision by global oil producers to limit production lifts the energy sector.

Colin Barnett says the federal government should provide more funding to the state for major infrastructure projects to stem the economic slowdown that has hit since the mining boom ended.

The administrators appointed to Howards Storage World, which has four franchise stores in Perth, say it is too early to identify the reasons for the retailer's financial troubles.

Federal Attorney General George Brandis says he is unaware of any fresh action planned by the Western Australian government to bring the long-running Bell Group litigation to an end.

An agreement unveiled yesterday between Perth Airport, Qantas and the state government will pave the way for direct Perth-to-London flights in 2018, but the tourism industry is concerned the federal government will not provide adequate Border Force staff.

The Australian share market has opened higher following news of oil production cuts and positive leads from equity markets in the US and Europe.