The Australian dollar is half a cent lower against its US counterpart after risk sentiment soured on the back of a report saying the European Central Bank would taper its bond buying program.
Gold has slumped more than three per cent, reaching its lowest price since Britain's shock vote to leave the European Union in June, as the US dollar has rallied after upbeat US data.
Oil has settled slightly lower in choppy trade as a surging US dollar and anticipation of higher US crude stockpiles offset optimism about planned OPEC output cuts that initially took Brent to four-month highs.
Regulating profits ‘dangerous’Commonwealth Bank of Australia chief executive Ian Narev has warned politicians against regulating bank profitability while
The Australian share market is lower, reflecting the weakness in global markets overnight and nervousness by investors ahead of the Reserve Bank's decision on local rates.
Oil has risen more than one per-cent, with Brent settling above $USUS50 a barrel the first time since August and US crude hitting three-month highs, after Iran exhorted the need for other oil producers to join OPEC in supporting the market.
Gold prices have slipped as the US dollar gained on stronger-than-expected US manufacturing data and investors awaited jobs data later this week for clues about whether US interest rates would rise by the year-end.
The Australian dollar is slightly higher against the US dollar on increased risk appetite, with the Reserve Bank of Australia widely expected to keep the cash rate on hold later on Tuesday.
Jail time for rate riggersThe federal government will introduce criminal penalties and new regulations to prevent the manipulation of the bank bill swap rate, an alleged p
Strong gains among financial and energy stocks have driven the share market higher despite lower trading volumes as most states break for a public holiday.
Perth's ‘Taj Mahal on the Swan’, the unfinished, derelict mansion owned by Pankaj and Rhadika Oswal, is finally being demolished. CLICK THROUGH TO SEE MORE PHOTOS.
Gold prices have fallen in volatile trading as safe-haven demand dwindled after stocks in major markets largely recovered from a sell-off on easing concerns about Deutsche Bank.
Oil prices are higher after settling mixed while posting their second straight monthly gain on OPEC's planned output cuts, even as scepticism about the cartel's pledge grew after data suggested another record high in its production.
Strong currency RBA’s rate cut dilemmaThe strength of the Australian dollar is the one element that may prompt the Reserve Bank of Australia to cut rates
The share market has ended the week with a fall, hurt by financial and resources stocks amid concerns about Deutsche Bank's future and the possible implications of its financial woes.
The former chief executive of a Western Australian shire, who stole almost $600,000 over four years and gambled it away, has been jailed for four-and-a-half years.
WTI oil has jumped more than one per cent and Brent has neared $US50 a barrel on optimism over OPEC's first planned output cut in eight years, although gains were limited by doubts the reduction would make a substantial dent in the global crude glut.
Gold is up a shade after the US dollar flip-flopped in the wake of mixed US data and as scepticism grew over whether OPEC members would be able to implement production cuts that could fuel inflation.
The Australian dollar has fallen against its US counterpart after global risk appetite took a hit on news hedge funds have concerns about Deutsche Bank.
Tourism, farming sectors informed lower backpacker taxThe new 19 per cent backpacker tax rate was based on recommendations from stakeholders including the tourism and agri
The share market has closed at its highest level in a month after major oil producers surprisingly agreed to cut production, giving energy and resource stocks a boost.
Clive Palmer has lost a bid to sue the liquidators of Queensland Nickel for not returning assets to his possession when the company collapsed, with a judge saying the proposed lawsuit would be a "startling affront to justice".
The state government will establish a rural fire service in response to January's deadly bushfires at Yarloop, but it won't be ready in time for this summer.
The Australian share market has jumped nearly one per cent in early trade on the back of positive news for the energy sector after OPEC struck a deal to limit crude output.
Wall Street ended higher after an OPEC agreement to limit crude output fuelled a rally in oil and more than offset nervousness about a tight race for the US presidency.
