AAP

JB Hi-Fi has responded to renewed media speculation by saying that it is continuing acquisition discussions with whitegoods retailer The Good Guys but nothing has been finalised.

The Australian share market has opened lower.

The Australian dollar is slightly lower as currency markets were relatively stable overnight.

Crude oil futures has touched a one-week high before paring gains after top producers Russia and Saudi Arabia confirmed they had agreed to co-operate on stabilising the oil market, and raised hopes of limiting output in the future.

Gold has held steady, close to a one-week high touched in the previous session, as the US dollar dipped on receding expectations of an imminent interest rate rise but the yellow metal's gains were capped by stronger global stocks.

The Australian share market has made some solid gains as the prospect of an interest rate hike in the US in September was pared back following some weaker-than-expected US jobs figures on Friday night.

The Reserve Bank is likely to hold its benchmark interest rate steady at its meeting tomorrow, with the main focus set to be on potential signals of future moves.

Woolworths has pressed on with cutting ties with Masters by replacing its directors on the failed hardware chain's board with staff from insolvency firm KordaMentha.

Energy giant Woodside Petroleum has entered into an agreement to buy half of BHP Billiton’s stake in the Scarborough offshore gas fields in the Carnarvon Basin for up to $US400 million ($A528 million).

The Australian share market has opened higher.

Gold has risen more than one per cent after US jobs growth came in below expectations, dampening the likelihood of an interest rate hike from the Federal Reserve this month, but bullion pared gains after the US dollar turned positive.

The Australian dollar is higher on the back of a disappointing US jobs report.

The share market has fallen for a third consecutive session as weakness in all sectors, particularly financials, outweighed gains by miners.

Qantas boss Alan Joyce's annual pay soared to $12.96 million in the year to June 30 as he steered the airline to a record profit.

Internet provider TPG Telecom has made the first move toward becoming Singapore's fourth mobile communications operator.

Long-serving economist Guy Debelle will be the new deputy governor of the Reserve Bank of Australia.

Aurizon has appointed Andrew Harding as chief executive in place of Lance Hockridge, calling the former Rio Tinto iron ore head the right person to increase value for shareholders.

The Australian share market has opened lower.

The Australian dollar is higher after patchy US economic data pushed the greenback lower.

Gold has turned higher after tapping the lowest level in more than two months, as the US dollar fell on unexpectedly weak US manufacturing data that raised doubts about the economy's strength.

Oil prices have fallen more than three per cent, heading for their sharpest weekly slide since January as investors brushed aside talk that OPEC might freeze production and focused on a growing glut from US crude stockpiles.

The share market has lost ground as falls across the materials and energy sectors offset gains by some financial companies.

Already facing intense price competition from Aldi, supermarket giants Coles and Woolworths could lose some of their high-spending customers to David Jones' new upmarket food stores.

The WACA has started construction of a full set of drop-in wickets to be used at the new Perth Stadium, with hopes one of them will feature during the 2017-18 Ashes series.

Australia's consumer watchdog has started legal action in the Federal Court against German carmaker Volkswagen and its Australian subsidiary accusing it of misleading claims about diesel vehicle emissions.

The Australian share market has opened lower.

US and European shares fell as a drop in oil prices weighed on energy stocks, while two-year US Treasury yields ended August with the biggest monthly increase since November on growing expectations the Federal Reserve will raise interest rates.

The Australian dollar has outperformed and risen against the greenback ahead of the release of key local retail sales figures.

Gold has fallen to a two-month low after forecast-beating US jobs data stoked speculation that the Federal Reserve will move ahead with plans to raise its official interest rate, briefly propelling the US dollar index to its highest in three weeks.

The share market has closed weaker as a higher US dollar hurt resources and energy stocks and investors chose caution ahead of key US jobs numbers that are likely to help determine the timing of a hike in US interest rates.

A national boom in housing construction and renovation has driven a surge in Harvey Norman's furniture, whitegoods and homewares' sales, offsetting a weak result in Western Australia due to the the mining downturn.

Lower write-downs have helped Atlas Iron post a full-year net loss to $159 million, as the junior miner seeks to stay afloat amid weaker iron ore prices.