AAP

The Australian share market has closed at its highest point in a year despite running out of steam in late trading, partly driven by expectations of an interest rate cut on Tuesday.

Dominic Stevens has taken over as managing director and chief executive of the Australian Securities Exchange, following the resignation of Elmer Funke Kupper earlier this year.

Fairfax Media will record almost $1 billion of impairments when it reports its full-year results next week, with half the hit coming from the unit containing its Australian masthead newspapers.

Northern Star Resources has cut its production guidance after agreeing to sell its Plutonic gold mine in Western Australia for an inital $37.5 million, but it plans to spend $130 million on exploration and expansion work at its other assets.

The Australian share market has opened higher.

Oil prices have steadied after touching three-month lows during a week-long selloff fuelled by a persistent global supply glut, bringing the monthly decline to nearly 15 per cent, the biggest monthly loss in a year for US crude.

Gold has risen to its highest level in nearly three weeks after much slower-than-expected US economic growth weighed on the US dollar, and was on track for a second monthly gain in a row.

The Australian dollar has soared against the greenback after figures showed weaker-than-expected US economic growth.

The Australian share market has edged higher in choppy trading for its fifth straight session of gains despite the Bank of Japan's fresh economic stimulus measures disappointing some investors.

The Australian share market has opened slightly higher.

US stocks mostly rose in anticipation of results from tech heavyweights Alphabet and Amazon, while the yen eased after Reuters reported the Bank of Japan was considering expanding monetary stimulus to address signs of weak inflation.

Oil prices have fallen nearly two per cent, hitting April lows and with US crude headed for its biggest monthly loss in a year, on growing worries that the world was pumping more crude than needed.

The Australian dollar has fallen against its US counterpart as the greenback staged a minor rebound.

Gold has turned lower after hitting a two-week peak as the US dollar pared losses and US stocks climbed from their lows ahead of a possible Bank of Japan announcement to expand monetary stimulus on Friday.

Australian shares have continued their slow upward push, ignoring a weak lead from Wall Street.

Telstra will be challenged to replace all earnings lost to the National Broadband Network when the rollout of the NBN is completed, says credit ratings agency Moody's.

Virgin Australia will post an annual loss of $224.7 million due to the impairments and charges it expects to record from its plans to position the airline for future profitability.

The fatal Samarco mine disaster in Brazil will dent BHP Billiton's bottom line by up to $US1.4 billion ($A1.9 billion) for the 2015-16 financial year.

The Australian share market has opened about a quarter of a per cent higher.

The Australian dollar has gained some ground after the US dollar weakened on signs the Federal Reserve is not ready to lift interest rates in September.

Gold has extended its climb above $US1,330 an ounce after the US Federal Reserve left interest rates unchanged as expected and the US dollar pared gains against a basket of major currencies.

Wall Street has ended lower after the Federal Reserve left interest rates unchanged but opened the door to a possible rate increase later this year.

The share market has squeezed out another tiny gain in a choppy session dominated by the release of weak inflation numbers that may prompt the Reserve Bank to cut the cash rate next week.

The High Court has dismissed a class action by ANZ Banking Group customers against the bank's "excessive" credit card fees.

The Australian dollar has fallen and economists say a Reserve Bank rate cut is more likely next Tuesday following the release of data showing annual inflation is at its lowest level since June 1999.

Fortescue Metals Group is targeting further cost reduction in the current fiscal year as it seeks to match the cost structure of larger rival Rio Tinto in an effort to boost returns.

The Australian share market has opened higher.

Gold has risen as the US dollar hsa fallen, but remains hemmed in to a range at the start of a two-day US Federal Reserve policy meeting which is being closely watched for clues on the outlook for interest rates.

US stocks were mixed as Federal Reserve policymakers kicked off a two-day interest rate meeting and investors braced for quarterly scorecards from Apple and Twitter.

US crude prices have fallen, hitting three-month lows, on renewed worries of a glut while Brent settled higher due to its better fundamentals versus US crude.

The Australian dollar has slipped slightly against its US counterpart in overnight trade, but is expected to be steady ahead of key local data.

The Australian share market has finished slightly higher as investors punt that second quarter inflation figures will prompt the Reserve Bank of Australia to cut interest rates next week.