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US stocks have closed lower, ending a volatile week with their worst five-day start to a year ever, as sliding oil prices and lingering worries about the global economy offset upbeat US job growth.
Gold has fallen further from an earlier nine-week high as stronger-than-expected US payrolls data boosted the US dollar and stock markets, shoring up a recovery in equities.
A volatile day of trading has capped off a brutal New Year start to the Australian share market where the bourse has recorded six straight days of losses.
The Australian share market has slipped below 5,000 at the open, continuing its disappointing week as Wall Street suffered another fall and oil prices slid to a new low.
Construction activity has fallen, after enjoying four months of expansion, due to weakness in mining-related engineering construction, as well as commercial construction.
Gold prices have climbed above $US1,100 an ounce for the first time in nine weeks as investors moved into safe assets for a fourth straight day after worries about the Chinese economy hit global st
US stocks sold off further on Thursday, giving the Dow its worst start to a year since the 30-stock index was created in 1928, dragged down by another drop in Chinese equities and oil prices at 12-
Metals giant Alcoa of Australia says its WA alumina refining operations have not been affected by the Waroona bushfire but its Farmlands business has sustained some damage.
Nearly $87 billion has been wiped from Australian equities in the first four trading sessions of 2016 after another Chinese meltdown sent the local market plunging by more than two per cent on Thursday.
Laura Ashley faces an uncertain future in Australia after the women's clothing and homewares retailer, famed for its pastels and prints, called in the administrators.
Home building approvals have suffered their biggest slide in three and a half years in November, with Western Australia’s residential construction sector expected to take a hit over 2016.
US stocks have closed at their lowest level since early October, weighed down by fresh concerns over China and slower global growth and as energy shares tumbled with oil prices.
The latest report on the services sector from the Australian Industry Group was a bit of a worry, not just for the industries covered by the AIGroup's monthly survey, but for the rest of the economy as well.
The Australian share market has closed lower for its third straight session in the new year - and its fourth in a row - as significant events elsewhere in the world make investors nervous.
Shoppers might be busy spending up at the post-Christmas sales, but new figures are expected to reveal retail sales got off to a modest start ahead of the recent festive season.
The Australian dollar has hit another post Christmas low, as the fallout from Monday's weak Chinese manufacturing figures overshadows currency markets.
The Australian share market has dropped by about 1.6 per cent after concerns about Chinese economic growth sparked falls on major markets around the world.
Shares in Perth-based Orthocell have soared after the tissue regeneration company was granted a patent for its "cell factory" technology in the United States.
The Australian share market is one per cent down after Wall Street suffered two per cent falls amid worries about the Chinese economy and renewed Mideast tensions.
Dick Smith, one of Australia's best known electronics retailers, has been put up for sale, with lenders taking charge of the troubled company after it failed to secure a funding injection.