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The Australian dollar has plunged more than one US cent, after a surprise interest rate cut by the Bank of Canada and on expectations of a huge economic stimulus package from the European Central Bank (ECB).
Oil prices have rebounded a bit from nearly six-year lows as investors took a breather on the eve of a highly anticipated European Central Bank decision on stimulus.
Gold prices nudged lower, ending a seven-day winning streak, as investors reacted to reports of a 50 billion euros ($A75.00 billion) a-month bond-buying proposal by the European Central Bank.
The Australian share market has made solid gains, buoyed by a strong production report from global miner BHP Billiton and expectations that the European Central Bank will take steps to boost the eurozone's sputtering economy.
The Reserve Bank of Australia should slash interest rates to a fresh record low next month, Westpac's top economist says, as new figures show consumers remain pessimistic.
US internet television network Netflix says it is ready to fight for Australian and New Zealand viewers in what it describes as highly competitive markets.
Gina Rinehart's Roy Hill mining operation has had a crane incident while safety inspectors were observing the operation, and has blamed its contractors for serious issues.
The Australian dollar is lower as falling oil prices and a downgrade to the International Monetary Fund's (IMF) global growth forecasts weighs on market sentiment.
The ports of Dampier and Port Hedland have been reopened after the threat of a tropical cyclone developing off Western Australia’s north coast eased off.
Western Australia's biggest iron ore producer, Rio Tinto, has reported record sales for 2014, on the same day that its major customer, China, announced its slowest rate of economic growth in 24 years.
Ports in Western Australia's north are being evacuated while residents prepare their homes for a possible cyclone that could bring strong winds to coastal areas.
Macquarie Group is on track to post its biggest profit in eight years, as the lower Australian dollar and improved market activity bolsters its earnings.
Copper prices extended their rebound on Friday, as some investors judged Wednesday's drop to five and a half year lows as too extreme despite continued worries about demand.
Gold prices extended their rally on Friday to lock in a 5 per cent gain for the week as worries about global growth and turbulence in currency markets spurred investment demand for haven assets.