At the core of AAP Newswire is our unbiased, 24/7 breaking newswire that feeds the latest news from Australia and the world. Supported by over 200 journalists, AAP Newswire provides the news that matters.
Skilled Group has suffered a full-year loss of nearly $17 million due to write-downs linked to its impending takeover by rival labour hire business Programmed Maintenance Services.
The Australian dollar is virtually unchanged, with a push for a US rate hike from a Fed boss offsetting favourable comments from the Reserve Bank of Australia.
Gold has retreated from intraday highs as the US dollar moved higher and a voting member of the Federal Reserve said he's ready to support an interest rate increase in September.
Oil prices have dived, with Brent crude tumbling about five per cent, after new data showed weakening US and Chinese manufacturing and amid worries about the global supply glut.
Gold has dropped, after falling by the most in two years in July, as the dollar rose and investors monitored US economic indicators for clues on the timing of a hike in US interest rates.
Newmont Mining is pushing ahead with new exploration sites to extend the life of its Kalgoorlie operations, but says it will not encroach on the historic gold rush town.
The Australian dollar has lifted against the greenback, which fell after weak US wage growth data raised concerns an expected Federal Reserve rate rise could be delayed.
Gold has reversed earlier losses as the dollar US fell after weaker-than-expected US data, but prices remain on course for their biggest monthly decline in more than two years on expectations the Federal Reserve will soon raise interest rates.
The story of this reporting season will be a familiar one: companies with offshore earnings or exposed to the booming housing market doing well, while miners and the companies that service them suffer.
Australia's biggest lender to landlords has hiked interest rates for investors to meet the regulator's "speed limit", aimed at taking some of the heat out of the housing investment market.
US oil prices have dipped, snapping a two-day streak of gains after a top official with OPEC reiterated that the cartel has no plans to cut petroleum production.
The Dow has been dragged lower by weak Procter & Gamble results Thursday, but the Nasdaq gained as food giant Mondelez raised its forecast after better-than-expected earnings.