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Gold prices have closed at their highest level in nearly three weeks, spurred by a drop in the US dollar and tensions in Eastern Europe and the Middle East.
Agribusiness Ruralco has nearly doubled its annual profit and hopes much-needed rain will start falling to help farmers in some states struggling with drought.
Australian farmers and dairy processors will get a better deal than their New Zealand counterparts under a free trade agreement with China, the federal government says.
The share market has closed weaker as a rising US dollar, sputtering Japanese economy and pending changes for the financial system weigh on investor sentiment.
Financial Services Council chief John Brogden says a China trade agreement is not enough on its own to open the Chinese market for Australian fund managers.
More than 8,000 Glencore coal workers will be forced to take annual leave as the mining giant shuts down its Australian coal operations due to an oversupply of the commodity.
Fresh slides in oil prices have put some of Australia's biggest energy players under pressure and pushed the share market to its worst weekly performance in more than a month.
Mining billionaire Gina Rinehart is looking to expand her business empire with a $500 million bid to take advantage of booming demand for baby formula in China.