AAP

Health Minister Kim Hames has conceded he would have done certain things differently at the new Fiona Stanley Hospital.

Westpac's move to lift mortgage rates all but guarantees a Reserve Bank rate cut in November, Macquarie Bank says.

The Australian share market has opened almost half a per cent lower, with the big banks and energy stocks leading the falls.

A sell-off of drug company stocks put a hold on Wall Street's two-week-long rally.

Crude oil prices have dipped, extending the prior day's steep falls, as traders considered an IEA prediction that the global oversupply will continue next year.

The Australian dollar is back below 73 US cents amid more signs that the Chinese economy is slowing down.

Gold prices are up recovering an earlier one per cent slide that was made on expectations the Federal Reserve will not lift US interest rates this year.

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.