AAP

Gold fell more than one per cent to a five year low as a bounce in the US dollar fueled downside momentum, with investors continuing to pull away from the metal after its dramatic slide earlier this week.

The Australian dollar is lower after the Reserve Bank indicated there is room to cut interest rates further.

The share market has fallen as weaker than expected inflation provided room for the Reserve Bank to deliver another rate cut.

Construction of Perth's Elizabeth Quay is cutting customer numbers at Barrack Square businesses, which say they're not being fairly compensated by the state government.

An interest rate cut is still possible, but evidence of further economic weakness will not automatically trigger such a move, Reserve Bank of Australia governor Glenn Stevens warns.

A spike in petrol prices has lifted inflation, but not to levels that would prevent a rate cut by the Reserve Bank.

Opposition Leader Bill Shorten believes his ambitious renewable energy target will give voters a "clear choice" at the next federal election.

BHP Billiton spin-off South32 will write down $US1.9 billion of its manganese and coal businesses after suspending capacity at its South African smelter.

The Australian share market has opened lower.

BHP Billiton has beaten its full-year iron ore production guidance but has flagged a hit to its full-year profit of up to $US650 million ($A876 million) due to weakness in its copper business.

World oil prices have staged a modest rebound on the eve of the latest official snapshot of US commercial crude inventories and production.

Disappointing earnings from IBM and United Technologies hammered the Dow and led the broader market lower.

The Australian dollar has surged after the greenback fell overnight in a sell-off sparked by profit taking.

Gold has edged higher, the day after it took its deepest dive in years and hit five-year lows, with many dealers bracing for more losses on expectations for a rise in US interest rates and subdued demand from India.

The share market has overcome more heavy falls by miners to post a sixth straight gain.

Perth bus drivers have reversed their decision to stop work on Wednesday after two buses burst into flames within 48 hours last week.

Prime Minister Tony Abbott has hosed down expectations his leaders' retreat will settle on changes to the GST.

There's no sign that the Reserve Bank of Australia is getting ready to cut interest rates but, judging by the minutes of its latest policy meeting, it's in even less of a hurry to raise them.

The Australian share market has opened flat.

Crude oil prices have slipped lower as a UN Security Council vote highlighted the prospect of Iranian oil returning to the global market.

The Nasdaq edged up to a third straight record high as solid earnings from toymaker Hasbro and others kicked off a heavy week of quarterly results.

Gold prices have plunged more than four per cent to five-year lows as a sudden bout of selling across Shanghai and New York markets during the illiquid early Asian trading hours triggered a mini flash crash, deepening bullion's biggest rout in years.

The Australian dollar is lower against the greenback as traders look ahead to the release of minutes from the Reserve Bank of Australia's July meeting.

Embattled coal mogul Nathan Tinkler could be arrested after he failed to appear in an Adelaide court.

The share market has edged higher as gains in the financial sector helped to offset weakness among gold miners.

Australia's biggest banks will need to hold billions of dollars in extra capital against their home loans, following a move by the banking regulator to strengthen the country's financial system.

Treasurer Mike Nahan refuses to talk about changing the GST unless it means increasing his state's share of the revenue carve-up.

The Australian share market has opened flat.

The Australian dollar is lower against the greenback which has lifted after Greece revamped its government in an attempt to enforce conditions attached to a third debt bailout.

Gold has fallen to a five-year low, pressured by a strong US dollar and expectations for a US interest rate rise this year, and as China buys less than expected over the past six years.

The Australian share market ended Friday and the week flat after a recovery on the back of the Greek bailout agreement ran out of puff.

Falling oil prices have offset a ramp up in production by energy giant Santos, causing a 19 per cent slide in revenue.