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Gold prices have clocked their worst November since 1978, as a brighter economic landscape fanned fears of reduced stimulus efforts by the Federal Reserve.
The share market has closed slightly lower on a day marked by a sharp fall in GrainCorp shares after the federal government blocked a foreign takeover.
Mining giant Rio Tinto will close its Gove alumina refinery in the Northern Territory, bringing the axe down on up to 1,500 jobs and an entire mining town.
European banks will require 280 billion euros ($A421 billion) of extra capital in 2014 to meet reforms aimed at avoiding a repeat of the global financial crisis, according to a report.
Treasurer Joe Hockey's blocking of a $3.4 billion foreign takeover of grains handler and marketer GrainCorp will have implications for the whole agricultural industry, the company says.
Federal Treasurer Joe Hockey has offered the states and territories incentive payments to sell off public assets and put the money into new job-creating infrastructure.
Finance Minister Mathias Cormann insists there is a budget emergency, but that doesn't mean the government has to act in a "panicked, chaotic fashion" to deal with it.
An easing of foreign ownership restrictions on Australia's national airline, Qantas, could devastate the iconic flying kangaroo, a federal parliamentarian warns.
The Australian dollar has fallen to a fresh three-month low as declining commodity prices and a rally in the US dollar puts the currency under pressure.
There was a strong rise in construction work done figures for the September quarter but recent positive housing data does not seem to be translating into more homes being built.
Programmed Maintenance Services has recorded a flat half year profit despite taking a hit to revenue as a result of a slowdown in investment in the resources sector.
The Australian dollar has recovered some ground after falling to a fresh three-month low amid increasing expectations of an interest rate cut in early 2014 and profit-taking.
Almost 200 police officers are set to quit the Western Australian force under a voluntary severance scheme designed to ease pressure on the state budget and put more police on the streets.
The federal government will go back to the drawing board on schools funding from 2015 after finding what it says is a $1.2 billion shortfall in Labor's scheme.