AAP

Government 20 May 2015

Uber threatens legal action against taxes

Uber is considering legal action to challenge a tax office ruling that requires its drivers to pay GST in line with taxi operators.

Cultural Industries 20 May 2015

RPH may be demolished: Nahan

Treasurer Mike Nahan has flagged the possibility of demolishing and replacing the outdated Royal Perth Hospital with a new tertiary health facility, after the state government was criticised for not setting aside $180 million for a major upgrade.

Regulation 20 May 2015

Fortescue puts pressure on BHP, Rio

Fortescue Metals Group hopes that its calls for an inquiry into the iron ore market will generate enough public pressure to force rivals to rein in their expansion plans.

Food & Drink 20 May 2015

Coles to offer more own brand products

Coles will expand the number of its own branded products to drive growth and to rival Woolworths' plans to match Aldi prices.

Energy 20 May 2015

Seven ups stake in energy firm

Kerry Stokes' Seven Group Holdings has increased its stakes in energy companies Drillsearch Energy and Beach Energy.

Financial Services 20 May 2015

Shares open 6pts lower

The Australian share market is weaker, following a sluggish lead from the US.

Financial Services 20 May 2015

$A falls after upbeat US housing data

The Australian dollar has fallen after the greenback was supported in overnight trade by the release of stronger than expected US housing data.

Mining 20 May 2015

Gold ends five-day rally

Gold's five-day rally ran out of steam on Tuesday as the dollar extended gains on strong US data, while global shares rose on the European Central Bank's suggestion it may speed up bond buying.

Financial Services 20 May 2015

S&P 500 streak ends in choppy session

Wall Street stocks have finished mixed in a choppy session following disappointing Walmart earnings and a pullback in many petroleum stocks.

Mining 20 May 2015

Oil prices tank on oversupply worries

Oil prices have slumped as resurgent worries about the global supply glut combined with a sharp dollar rally.

Financial Services 19 May 2015

Shares close 43.7pts lower

The share market has fallen for a second straight day despite a brief lift on further indications the Reserve Bank is open to more interest rate cuts.

Mining 19 May 2015

Rio Tinto signs Oyu Tolgoi mine plan

Mining giant Rio Tinto has signed an agreement to develop and finance its stalled Oyu Tolgoi copper and gold underground mine in Mongolia.

Infrastructure 19 May 2015

Perth Freight Link homes may be spared: Nalder

Dozens of homes in Perth's southern suburbs may not be bulldozed if a tunnel can be used in the $1.6 billion Freight Link project.

Government 19 May 2015

Ore inquiry a ridiculous waste: Mackenzie

The war of words over a proposed parliamentary inquiry into the iron ore industry escalated today, with BHP Billiton saying it would send a "terrible signal" to Australia's trading partners, while the main supporter of an inquiry claimed he had been misrepresented.

Financial Services 19 May 2015

Shares open 27.6pts lower

The Australian stock market has opened lower on a mixed performance by the major banks and the big miners.

Mining 19 May 2015

Gold prices hit three-month high

Gold prices have reached a three-month high, rising for a fifth session as a run of soft US data supported expectations that the Federal Reserve will hold off raising interest rates for the time being.

Financial Services 19 May 2015

$A falls below 80 US cents

The Australian dollar has fallen slightly but has managed to stay above 80 US cents because of weakness in the US dollar.

Financial Services 19 May 2015

Dow, S&P 500 close at record highs

The Dow and S&P 500 have closed at fresh highs, following acquisitions in the pharmaceutical and apparel sectors and a rise in Dow member Apple.

Mining 19 May 2015

Oil prices retreat on strong Gulf output

Oil prices have fallen amid signs that Gulf producers are continuing to battle for market share with high output.

Financial Services 18 May 2015

Shares close 76pts lower

The Australian share market has closed more than 1 per cent lower, dragged back by the big banks and global miner BHP Billiton.

Cultural Industries 18 May 2015

Brownlow favourite Fyfe escapes AFL ban

Fremantle Dockers midfielder Nat Fyfe remains the frontrunner to win this year's Brownlow Medal after escaping suspension over his "brain fade" tripping charge.

Government 18 May 2015

Iron ore inquiry can't be witchhunt: Abbott

A possible Senate inquiry into iron ore prices can't be a witchhunt, Prime Minister Tony Abbott has warned.

Government 18 May 2015

Oil price will bounce back soon: BHP

Oil prices could soon spike higher because of a lack of new discoveries, BHP Billiton's petroleum boss says.

Financial Services 18 May 2015

BBY falls into administration

A stockbroking firm in control of more than $2 billion in funds has been been placed in voluntary administration.

Energy 18 May 2015

Renewable energy target deal close

The federal government has cleared what could have been a stumbling block for a bipartisan agreement on a pared-back renewable energy target.

Financial Services 18 May 2015

Shares open 8.6pts lower

The Australian share market has opened lower, led by falls in banking stocks and the big miners.

Financial Services 18 May 2015

$A down slightly but buoyed by weak $US

The Australian dollar has fallen slightly but has managed to stay above 80 US cents because of weakness in the US dollar.

Mining 18 May 2015

Gold prices hold steady after soft US data

Gold prices have held near three-month highs on Friday as weak US consumer sentiment data weighed on the US dollar and further diminished expectations for a near-term rise in US interest rates.

Financial Services 15 May 2015

Shares close 38.9pts higher

The Australian share market gained nearly 0.7 per cent but it was considered disappointing given the stronger leads provided by European and US markets.

Deals 15 May 2015

Amcom postpones scheme meeting, again

Amcom Telecommunications has postponed its scheme of arrangement after Vocus Communications sold its stake in the company to counter rival TPG Telecom's efforts to derail a proposed merger.

Financial Services 15 May 2015

Shares open 33.1pts higher

The Australian stock market has opened higher thanks to strong gains in the US and Europe overnight.

Financial Services 15 May 2015

$A down after $US finds support

The Australian dollar has dropped below US 81 cents after a weak overnight trading session as the US dollar stabilised.

AAP

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