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The Australian dollar has held onto its gains after the Reserve Bank of Australia gave no indication there would be a third interest rate cut this year.
US stocks ended lower on Tuesday as more data and comments from Federal Reserve officials pointed to the likely pullback in Fed stimulus in the coming months.
The world's third largest gold producer AngloGold Ashanti will bring its Tropicana mine into production ahead of schedule despite pushing ahead with an overall plan to cut costs by $US500 million.
Weak international trade figures and job ads data shows Australian economic transition away from a mining investment boom is not going as smoothly as it could.
US stocks have ended mostly lower on fairly quiet trading during which some investors fretted about the possible pullback of the Federal Reserve's aggressive bond-buying program.
Airline Virgin Australia expects to book an annual loss of $95 million to $110 million, blaming the difficult economy, competition, restructuring costs and the carbon tax.
Mining magnate Gina Rinehart has written to two of her children, making an offer which she hopes will bring their litigation to an end, a court has heard.
Prime Minister Kevin Rudd's announcement of a September 7 federal election has been met with a dour response from Premier Colin Barnett, who says it is time to "get on with it".
A jam-packed week of economic data and corporate earnings amounted to only modest movement in US equities, as stocks closed out a hectic week of news only somewhat higher.
The Australian share market has hit its highest point in more than two months as good signs from the United States overshadowed weaker local economic forecasts from the federal government.
Business groups believe Treasurer Chris Bowen has missed an opportunity to improve Australia's competitiveness, encourage economic growth and provide jobs.
Paladin Energy has completed a heavily discounted capital raising after scrapping the sale of a stake in its flagship African uranium mine after it failed to attract a high enough bid.
Tony Abbott has moved to neutralise the issue of education ahead of the federal election by dropping his opposition to the government's school funding plan.
Casino operator Crown is shaking up its senior management in a move that sees its Perth resort boss promoted at the expense of his Melbourne counterpart.