AAP

Oil prices have settled down more than two per cent after OPEC said October output reached another record, casting doubt on whether its plan to limit production is achievable or enough to ease persisting oversupply in the market.

Gold prices have tumbled three per cent to a five-month low, hit by a broad selloff in commodities as well as surging bond yields on speculation a splurge of US infrastructure spending could stoke inflation.

If a Donald Trump administration imposes tariffs on Chinese imports to the US, the hit to China would be limited but the move would spark a damaging trade war, a leading China-focused economist has warned.

The share market has ended a tumultuous week with another gain, thanks to strength among financial, energy and resources companies amid optimism President-elect Donald Trump's infrastructure spending and tax cuts will stimulate the US economy.

Chinese private equity company Hony Capital has paid $159 million to increase its stake in Santos, eight months after selling a major shareholding in the Australian oil and gas player to another Chinese firm.

The Australian share market has opened higher as positive sentiment around US President-elect Donald Trump's infrastructure agenda lifts commodity prices and equities.

The Australian dollar has slipped with markets viewing US President-elect Donald Trump's policies as inflationary.

Oil prices have slipped as markets recover from shock over US President-elect Donald Trump's surprise victory and focus on oversupply concerns, as well as whether OPEC will decide later in November to cut production.

Gold has fallen more than per cent after the US dollar rose to a three-and-a-half-month high against the yen, as markets weighed the election of Donald Trump as US president and how his policies could affect economic growth.

Wesfarmers chairman Michael Chaney has criticised US President-elect Donald Trump's threat to end the Trans-Pacific Partnership (TPP) free trade deal, saying restricting free trade causes economic stagnation.

The Australian share market turned around Wednesday's US election-induced retreat to stage a $50 billion rebound on Thursday as investors speculate that Donald Trump's presidency could boost the US and global economies.

Parents of children with severe disabilities are demanding answers from Western Australia's Disability Services Commission after funding for their care centre was cut.

A Donald Trump presidency is likely to lift global economic growth and will likely result in improved commodities prices that will benefit Australia, according to economists at Commonwealth Bank of Australia.

Former Rabobank trader Paul Thompson wept as he asked a New York judge for mercy, but his emotional plea failed to save him from jail time in a US prison.

The Australian share market has staged a spectacular turnaround, rising more than three per cent in early trade, after US and Europe markets recovered from early losses following Donald Trump's pre

The Australian dollar has firmed as global financial markets adjust to Donald Trump's surprise US presidential victory.

The price of gold has turned slightly negative after the sharp gains made earlier on Wednesday, following a conciliatory victory speech from US President-elect Donald Trump which helped the US dollar rebound.

Oil prices have edged higher as stocks and the US dollar bounced back from a huge early slide following Donald Trump's surprise victory in the US presidential election.

US stocks rose sharply on Wednesday in a dramatic turnaround from deep overnight losses as Wall Street embraced the upset presidential election victory of Republican Donald Trump.

Australian shares have plunged to a four-month low and lost $35 billion in value amid a global shock from US election results that have left Donald Trump poised to become the next president of the United States.

Commonwealth Bank of Australia shareholders have delivered a significant protest vote against the lender's executive pay and forced it to abandon revised conditions for chief executive Ian Narev's long-term bonsues.

Western Australian Director of Public Prosecutions Joseph McGrath has been appointed a judge of the WA Supreme Court.

Seven West Media chairman Kerry Stokes says Australia's high broadcast licence fees and lack of incentives for local content are making production in overseas markets more attractive.

Global miner Rio Tinto has suspended one top executive with immediate effect while another is stepping down over payments made in 2011 related to the Simandou iron ore project in West Africa.

The Australian share market has risen strongly in early trade, taking cues from Wall Street, as investors bet on the likelihood of a Hillary Clinton win the US presidential elections.

US stocks rose for a second straight session as investors bet Democratic candidate Hillary Clinton would win the US presidential election.

Oil prices have been mixed with WTI flat and Brent falling as voters headed to the polls to elect the next president of the United States.

Gold prices have turned lower as the US dollar and global equity markets firmed with investors growing more convinced that Democratic candidate Hillary Clinton could win the US presidential election.

The Australian dollar has rallied on market expectations that Democrat candidate Hillary Clinton could be elected the next US president.

Commonwealth Bank of Australia shares dipped after the nation's largest lender said a lower net interest margin contributed to its flat first quarter earnings.

The Australian share market has closed slightly higher but investors are treading cautiously for fear of a Brexit-like surprise from the US presidential election.

The company in charge of rolling out the national broadband network says it is well on track towards its long-term goals after adding about 338,000 new homes and businesses to the system in the September quarter.