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$A 'thrown around' after RBNZ rate cut

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The Australian dollar is slightly lower after the US dollar weakened in overnight trade following bullish comments from Japan's central bank governor.

Oil prices rise as US inventories fall

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Oil prices have risen rose solidly for a second day in a row after US data showed declines in crude and gasoline inventories.

US stocks surge as Dow gains 230 points

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The Dow has jumped more than 1.3 per cent as a broad-based rally led by technology and banking shares snapped a week of anaemic trade in US equity markets.

Hard for ministers to pay off home: Abbott

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Tony Abbott reckons it's hard to pay a Sydney mortgage, even on a cabinet minister's pay packet, one day after Treasurer Joe Hockey said Sydney housing was affordable and advised potential first home buyers to get "a good job that pays good money".

Shares close 7.3pts higher

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The Australian share market has ended a six-day losing streak, buoyed by resources and banking stocks.

Ambulance ramping ban at Perth hospitals

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Ambulance ramping will be banned at three Perth tertiary hospitals from July 1 to cut down on patient waiting time.

Origin slashes costs to stay on top

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Origin Energy will take $150 million in costs out of the business by June next year to defend its position as the nation's largest utility company.

Unemployment rate tipped to stay at 6.2%

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The unemployment rate is expected to have remained steady in May, with job cuts in the coal and iron ore sectors keeping a lid on jobs growth.

Conflict of interest concerns for Nalder

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Conflict of interest concerns have again been raised about Transport Minister Dean Nalder, this time regarding the contentious $1.6 billion Perth Freight Link.

Shares open flat

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The Australian share market has opened flat, following a similar lead from Wall Street.

Gold prices rise for 2nd day

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Gold prices rose as European stock markets fell and commodities picked up across the board.

$A slightly higher in fairly flat trade

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The Australian dollar is slightly higher but flat local job advertisement figures are capping any gains the currency makes.

US stocks little changed, GE sells assets

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Wall Street stocks have finished a choppy session little-changed as a big General Electric asset sale offset worries about spiking US treasury yields.

Oil prices surge ahead of US supply data

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Oil prices have surged as traders girded for a bullish US crude storage report and the government lowered its forecast for American production in the second half of 2015.

Shares close 27.2pts lower

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The share market has extended its horror run despite rising in morning trade, closing weaker for a sixth straight session.

Home loan approvals up in April

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Home loan approvals were surprisingly strong in April, up 1 per cent, as low interest rates sparked demand for new houses, according to new figures released by the Australian Bureau of Statistics.

Want to buy a home? Get a good job: Hockey

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Treasurer Joe Hockey has offered two pieces of advice to solve Australia's housing affordability problem - build more homes and get a good job that pays well.

Shares open 18.8pts lower

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The Australian share market is lower, following falls in overseas markets overnight.

Gold ends 3-day losing streak

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Gold prices rose slightly after a three-day streak of declines as the US dollar and stock markets fell.

Tech shares, airlines lead US stocks lower

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US stocks have dropped as the week kicked off with especially large declines in technology shares and airline stocks.

$A higher after $US weakness overnight

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The Australian dollar is slightly higher as the greenback weakened overnight and the local currency benefited from the release of some positive Chinese economic data.

Oil prices dip as market weighs OPEC

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Oil prices have fallen as the market weighed last week's OPEC meeting and the prospects for a breakthrough in upcoming nuclear talks with Iran.

Shares close 5.8pts lower

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The Australian share market is in the midst of a horror run, with a massive $75 billion stripped from its value over the week, its worst weekly performance in three years.

Asbestos risk at WA refinery 'low': Alcoa

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It's been reported that seven maintenance workers at Alcoa's Kwinana Refinery in Perth have been exposed to asbestos, but the aluminium producer says the health risk is "extremely low".

Alan Bond dead at 77

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Australia has lost one of the most colourful and controversial figures in the nation's corporate and sporting history with the death of Alan Bond after open heart surgery.

NAB finishes $5.5bn raising

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National Australia Bank will conduct another offer of new shares after failing to raise its intended $5.5 billion.

Shares open 16.5pts higher

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Bargain hunters and a rise in the iron ore price have helped lift the Australian share market following four days of heavy losses.

Gold prices hit five week low

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Gold prices are lower following some robust US economic data and shrugging off earlier weakness in the greenback.

Weak loc data pushes $A lower

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The Australian dollar is lower as the fallout continues from the release of disappointing local retail spending and international trade figures.

US stocks fall as IMF cuts forecast

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Wall Street stocks have tumbled due to unease over Greece, volatility in the bond market and worries about growth after the IMF cut its US economic forecast.

Oil prices sink ahead of OPEC summit

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Oil prices have fallen sharply for a second day ahead of OPEC's summit to review its production levels amid an oversupplied market.

We're not cannibals: Glencore

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Global miner Glencore has taken a swipe at Australia's mining giants, saying their mass iron ore and coal expansions had "cannibalised" revenue and hurt the economy.