AAP

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.

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.

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 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.

Australia's retail broadband market, which is dominated by Telstra, Optus and TPG Telecom, needs to lift its game and give consumers better information on broadband speed, the competition regulator says.

Seven West Media says it will put shareholders first as it weighs various options in the wake of joint venture partner Yahoo's takeover by Verizon.

Gold miner Northern Star Resources has posted a 65 per cent jump in full-year profit on the back of higher gold prices and a reduction in costs.

The Australian share market has opened lower.

The Australian dollar has slipped slightly against its US counterpart in overnight trade, weighed down by continuing expectation of a lift in US interest rates.

Gold has pared losses as the US dollar and world stock markets turned lower ahead of central bank meetings in the United States and Japan.

The Australian share market has resumed its upward course, boosted by expectations of an interest rate cut, and a big lift in the shares of Woolworths after the ailing supermarket giant announced restructuring plans.

Newcrest Mining has scraped into meeting its full-year production guidance, despite posting lower output in the June quarter as it continued to struggle with disruptions at various operations.

Struggling supermarket giant Woolworths is slashing 500 jobs and will incur a charge of $959 million in its full year results as it continues restructuring its operations.

The Australian share market has opened higher.

Oil prices have settled lower, losing four per cent on the week, after the fourth weekly rise in the US oil rig count added to worries about a global crude glut.

Gold prices have fallen, reflecting tension between a global backdrop of easier interest rates and the chance of US monetary policy being tightened before the end of the year.

The share market has ended the week with a slight fall as investors took profits from a run of 10 positive sessions out of 11.

The owners of third-ranked mobile player Vodafone say they are committed to the Australian market amid mounting speculation that telco provider TPG Telecom could make a play for the group.

National Australia Bank is overhauling its business structure, folding parts of its wealth management unit into personal banking and separating its business banking into two units, with former Perth executive Cathryn Carver one of the winners.

Gold and copper producer Oz Minerals says it is on track to achieve its full-year production guidance, despite an unscheduled plant closure and bad weather during the June quarter.

Energy giant Santos has reaffirmed its full-year production and sales guidance after posting an eight per cent rise in quarterly production and a 25 per cent jump in sales volume.

The Australian share market has opened lower after Wall Street eased overnight on disappointing company earning results and the European Central Bank's decision to hold fire on stimulus.

Gold has rebounded above a three-week low and has risen per cent, as the US dollar fell and the key stock indexes hovered below record highs after the European Central Bank left key interest rates unchanged.

Wall Street has cooled off as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a US corporate earnings season that has been better than feared.

The Australian dollar has recouped some losses as the greenback slides.

The share market has hit a fresh 11 month high, with healthcare, energy and financial stocks the main areas of strength.

The competition watchdog has waved through a $9 billion takeover of rail and ports giant Asciano, and approved Metcash's bid for Woolworths' Home Timber and Hardware business.