AAP

Mining services group Ausdrill has developed technology that allows it to drill for gold and other minerals in salt lakes and difficult-to-reach areas with deep mud covering.

Short sellers have driven Fortescue Metals Group shares more than 8 per cent lower after a recent run up in the company's stock.

The Australian share market has closed lower following more bad economic news from China.

A senior Reserve Bank of Australia official has given an upbeat assessment of the Australian economy, confident that it is strong enough to resist a significant downturn.

Airbnb won't be able to hide surprise fees anymore after the consumer watchdog pushed the user-to-user accommodation service to improve its pricing policy.

Telstra estimates the competition watchdog's ruling that it must cut the price it charges other telcos to access its copper wire network will cost $80 million.

The Australian share market has opened lower with weakness in the energy sector offsetting gains by the big four banks.

Global oil prices have fallen sharply on worries about excessive supply and profit-taking after last week's rally.

Gold rose to its highest level since early July as expectations that the Federal Reserve will postpone an expected US interest rate hike beyond the end of the year.

The Australian dollar has hit an eight week high against a weaker US dollar on diminishing hopes of a US interest rate rise before the end of the year.

US stocks have finished higher, keeping alive the positive momentum from last week's rally despite weakness in petroleum-linked shares.

Mining giant Glencore will attempt to sell copper mines in Australia and Chile as it tries to tackle its massive debt.

The Australian share market has closed nearly 1 per cent lower as investors took profits after big gains last week.

Troubled energy giant Santos is axing another 200 jobs in a $100 million cost-cutting drive designed to slash debt as it battles sliding oil prices.

The competition watchdog has dealt a blow to the taxi industry's attempt to take on ride sharing service Uber with a new smartphone booking app, saying it could threaten smaller competitors Ingogo and Gocatch.

Australian shares have got off to a weak start as investors count profits after recording the market's best week in nearly four years.

Oil has edged up in New York and slipped in London as traders book profits from the week's rally fuelled by hopes for oversupply relief from lower US crude production.

The Australian dollar hit a seven week high on expectations the US Federal Reserve will delay raising its interest rate.

Gold rose to a seven-week high after minutes from the Federal Reserve's last policy meeting showed the US central bank was in no hurry to raise interest rates.

The share market has capped off its best week in almost four years as strength in the financial and resources sectors drove a fifth straight day of gains.

Employment growth is expected to have slowed in September after enjoying several months of strong gains.

Telstra has been ordered to cut the price it charges other telcos to access its copper wire network, raising the prospect of lower phone and internet bills for consumers.

The Australian share market has opened more than one per cent higher following a strong lead from Wall Street and the release of the US Federal Reserve's September policy meeting minutes.

The Australian dollar is firmer against the greenback, which sagged after US Federal Reserve policymakers appeared unsettled by signs of a global economic slowdown.

US stocks have risen after Federal Reserve meeting minutes lifted confidence the US central bank would not move quickly to hike interest rates.

Gold prices have turned lower after Federal Reserve meeting minutes showed its was unsettled by signs of a global economic slowdown.

The share market has overcome a late slide to post a fourth straight gain, its longest winning streak since August.

The transport minister's refusal to provide information to parliament on the controversial Perth Freight Link was not appropriate, a report from the auditor general has found.

Macquarie Group is forking out $8.2 billion for a major car leasing and finance business from ANZ, and seeking financial support from shareholders to fund the deal.

The Australian share market has climbed more than one per cent in early trade on the back of firm leads from overseas equities and commodities markets.

Oil prices have fallen after the release of the latest US oil data showed increasing inventories and an unexpected rebound in production.

Gold has eased, falling from a two-week high on the firmer US dollar while losses were capped on expectations that the US Federal Reserve will delay raising interest rates until next year.