AAP

The Australian dollar has dipped below 70 US cents for the first time in two weeks on renewed worries about China's economy.

The share market has slumped 2 per cent to hit its lowest level in more than two years, as a fall in Chinese manufacturing activity stokes concerns about the global economy.

The timing couldn't be worse for Gina Rinehart's $10 billion Roy Hill project, which is on track to ship its first iron ore to China next month.

BHP Billiton boss Andrew Mackenzie's remuneration has fallen more than 40 per cent as the resources giant faces up to a global commodities slump.

The Australian share market has opened more than one per cent lower following a negative lead from overseas and the ripple effect from the Volkswagen emissions scandal.

Wall Street stocks have tumbled, joining European equities in falling on worries about global growth and the burgeoning Volkswagen emissions scandal.

US oil prices have fallen while Brent, the international benchmark, rose for a second day as traders continued to weigh the global oversupply and weak demand growth.

The Australian dollar is weaker after US and European share markets and commodity prices fell overnight.

Gold has fallen one per cent, pressured as the US dollar strengthened on renewed expectations that the Federal Reserve will raise US interest rates for the first time in nearly a decade.

The Australian share market has finished higher despite losing much of its early morning gains as investors nervously wait for key Chinese economic data.

A slowdown in broadband subscriber growth has failed to dent TPG Telecom's profits.

Former Indonesian president Susilo Bambang Yudhoyono wants to see closer agricultural ties between Australia and Indonesia.

Energy giant Woodside Petroleum needs to raise its bid for Papua New Guinea-focused Oil Search to have any chance of success, according to analysts at investment bank UBS.

BHP Billiton's spin-off South32 has raised the mineral resources estimate for its Cannington silver and lead mine in Queensland by 21 per cent.

The Australian share market has opened higher.

The Dow and S&P 500 have rallied to recover some of the prior session's losses, but gains were minimal on the tech-rich Nasdaq due to weakness among biotech shares.

The Australian dollar has fallen to a one-week low after a US Federal Reserve official confirmed that an interest rate rise is still on the cards.

Oil prices have rebounded in what analysts said looked like a technical correction from heavy losses last week as the basic global oversupply picture remained intact.

Gold has retreated from the previous session's near three-week high as strength in stocks and the US dollar dampen a rally fuelled by the Federal Reserve's decision last week to keep US interest rates on hold.

Prime Minister Turnbull has received praise from industry for his government’s newly announced cabinet, with a number of Western Australians earning promotions.

The Australian share market has fallen sharply, following a steep decline in US markets prompted by concerns about global growth.

The finance industry hopes Malcolm Turnbull's new economic team will hit the ground running on a reform agenda.

Credit provider and market debutant zipMoney says the amount of money it has lent to consumers has climbed 80 per cent in the past three months.

The Australian share market has opened sharply lower.

The Australian dollar is lower as last week's decision not to raise the US Federal Reserve's interest rate begins to be seen as a bad sign for the US economy.

Gold has risen to a near three-week high as the Federal Reserve's decision to leave US interest rates unchanged rattled investors' outlook on the global economy and weighed on equity markets in developed economies.

The Australian share market has closed higher after the US Federal Reserve kept interest rates in the US on hold.

Shares in credit information provider Veda have soared on news of a $2.28 billion takeover proposal from Equifax Inc.

The militant construction union has agreed to pay up to $9 million to building materials company Boral as part of a "ground breaking" settlement that leaves open the possibility of further payments if the union breaches the deal.

SeaLink Travel Group is set to become Australia's largest marine tourism and transport company through its acquisition of Transit Systems Marine for $125 million.

The Australian share market slipped in early trade after the US Federal Reserve deferred its interest rate hike on global economic worries.

The Australian dollar is higher as traders bank on a US central bank rate rise later in the year.