AAP

The Australian share market has opened lower dragged down by financial stocks, following falls across international markets.

Bank shares have dragged Wall Street lower on concerns the slowing global economy will continue to pressure interest rates, while energy shares helped pare losses late in the session.

Telstra wants rewards for long-term investors

The Australian dollar is flat on mixed commodity prices, despite the greenback falling amid intensifying global market turmoil.

Gold has vaulted more than 5 per cent to a one-year high, on track for its biggest daily jump in more than seven years as financial uncertainty, a lower US dollar and tumbling stock prices around the world prompt investors to seek refuge in bullion.

The Australian share market has clawed back some of its recent losses, ending the session 1 per cent higher as investors flocked to defensive stocks after a mixed bag of company earnings results.

Property developer Mirvac Group has lifted half-year profit 69 per cent, helped by revaluation gains in its portfolio, but expects conditions to remain challenging in Western Australia into FY18.

Virgin Australia is flying high on the back of 12-year low oil prices and higher domestic airfares.

Highly indebted mining companies with limited cash flow need to make brave decisions as they face a protracted period of low commodities prices, Deloitte says.

Troubled streaming service Quickflix is trying to restructure shares in the company held by rival Stan and, it says, are blocking new investment.

The Australian share market has opened slightly higher after calming comments from US Federal Reserve chair Janet Yellen.

The S&P 500 has ended flat, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate rises but also saw risks to the US economy.

The Australian dollar is higher after the US central bank boss indicated policy wouldn't be tightened.

Gold prices has stabilised below a seven-and-a-half-month high after US Federal Reserve Chair Janet Yellen said that only "gradual" adjustments to monetary policy are likely and stressed that global headwinds could hurt US growth.

Another heavy fall on the share market has wiped almost $20 billion from its value and taken investors into bear territory.

A photomapping company led by Perth tech entrepreneur Rob Newman has swung into the red following its expansion into the US.

Construction and contract mining firm CIMIC Group is set for a solid 2016 after lifting its underlying annual profit by 20 per cent.

The future looks bright for Boral, with a string of major road and infrastructure projects on the horizon as the building products maker benefits from the residential construction boom in NSW.

AGL Energy has swung to a half-year net loss of $449 million after accounting for writedowns from its decision to exit natural gas exploration and production.

Digital products such as books, movies and games purchased by Australians from overseas could soon attract the GST.

Commonwealth Bank of Australia has lifted first half cash profit 3.92 per cent to a record $4.804 billion, but has decided against increasing its interim dividend.

The Australian share market has opened lower, weighed down by energy and resource stocks on the back of global oil price declines.

US stocks ended a volatile session barely lower as a late-day rally led by materials and healthcare shares offset another big drop in oil prices.

Australian dollar is higher as more investors bet on the US Federal Reserve tightening monetary policy amid global volatility.

Gold has turned higher but hovers beneath the previous session's seven-and-a-half-month high of $US1,200 an ounce, buoyed by risk aversion as equities remain volatile and the dollar extends losses.

A Mandurah-based payday lender that collected exorbitant fees and interest repayments from customers will pay them back $34,500.

Renewed fears about slowing global growth have wiped $47 billion off the value of the Australian share market, which suffered its biggest fall in more than four months.

A planned $692 million takeover of Broadspectrum hangs in the balance amid uncertainty about its federal government contract.

Cash Converters International has secured a new $100 million loan with Fortress Investment Group to support the lender and second hand good retailer's future growth.

The Australian share market has opened more than 1.5 per cent lower following sharp overnight falls in New York as investors fret over global economic growth prospects.

US stocks have fallen as concern over global economic growth hit banks and other economically sensitive shares.

Australian dollar has slipped amid pressure from weaker commodity prices and global volatility.