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Commonwealth Bank of Australia will hand back a massive $80 million to customers after discovering it failed to apply fee waivers and other benefits to which they were entitled.

Evolution Mining says it's close to completing its protracted acquisition of smaller rival Phoenix Gold.

Silver Lake Resources is selling off its non-core assets in the Murchison region, with Metals X acquiring its Comet gold project and Musgrave Minerals agreeing to buy a large portion of its Cue project.

The Australian share market has opened flat, with the resources sector offsetting losses in the banks.

A jump in petroleum-linked shares has helped lift US stocks after the Turkish downing of a Russian fighter jet on the Syrian border sparked a rally in the oil market.

Woodside faces costs battle on WA gas projects

The Australian dollar is higher as rising tension between Russia and Turkey and disappointing US economic data drive the greenback lower.

Gold has risen one per cent, recovering from near six-year lows as news that Turkish fighter jets had shot down a Russian warplane near the Syrian border sparked a rush to safety among investors, weighing on the US dollar.

Global oil prices have surged higher after Turkey shot down a Russian warplane on the Syrian border, sparking concerns about rising tensions in the oil-rich Middle East.

Australia has a way to go if it is to match the prime minister’s rhetoric on technology and innovation.

Treasury has cut Australia's potential economic growth forecast, while predicting a return to a budget surplus will take longer than previously forecast.

The Australian share market has closed nearly 1 per cent lower, dragged back by the major banks and continued weakness in the resources sector due to lower commodity prices.

Lithium hopeful Pilbara Minerals has raised $12 million in an oversubscribed placement to fund ongoing work at its flagship Pilgangoora project east of Port Hedland.

Chinese investors appear increasingly bullish about opportunities in Western Australia’s energy sector, following revelations a division of China’s biggest offshore oil and gas producer, CNOOC, was a significant influence in one of the state’s biggest battery storage trials.

Perth-based Indigenous Construction Resource Group is poised to become a bigger player in the mining services sector after its chairman, Clinton Wolf, lured NRW Holdings founder and former managing director Jeff McGlinn out of retirement.

Australia’s defence capability acquisition projects have a poor historical record in terms of cost and schedule, largely due to Canberra’s failure to acknowledge and support reliable industry performance.

Building products manufacturer Brickworks is gearing up to sell one of its Western Australian facilities, while also planning to restart its Cardup plant to maintain its production capacity in the state.

BC Iron says it's doing okay in the face of falling iron ore prices and might even diversify into gold or other metals in the future.

Mining services contractor Sedgman has revealed that its major shareholder, CIMIC Group, is seeking greater influence over its operations, following its shock vote against the re-election of three independent directors, raising more questions about Cimic’s plans for Perth contractor Macmahon Holdings.

Shares in Perth-based Odin Energy have skyrocketed on news it plans to exit the resources industry by acquiring a tech company and re-list through the backdoor.

Logistics company Qube Holdings is bracing for difficult trading conditions as it battles for control of takeover target Asciano.

IT services provider Empired has grown its energy sector portfolio with the award of a $10 million contract by regional utility Horizon Power.

The Australian share market has opened more than half a per cent lower, dragged into the red by continuing weakness in the resources and financial sectors.

Scarborough project retained

The Australian dollar has regained some ground as the greenback weakened slightly on stronger oil prices and disappointing US economic data.

Pharmaceutical heavyweights Pfizer and Allergan have unveiled a record-setting $US160 billion ($A222.62 billion) mega-merger as US stocks finished modestly lower.

Oil prices were little changed as traders tried to decipher remarks by Saudi Arabia suggesting a production cutback in response to abundant global supplies.

Live crowdfunding organisation The Funding Network believes it is changing philanthropy by showing people they don’t have to be rich to make a real difference.

Gold has fallen one per cent, nearing last week's 2010 low on a robust US dollar and upbeat comments from Federal Reserve officials on a possible US rate rise in December.

We have to focus on liveability and flexibility in order to broaden our economy.

The directors’ interests table published in Monday morning’s email incorrectly showed that Valmec directors Vincent Goss and Stephen Zurhaar had sold $1.1 million of shares.

Consumer confidence has continued its strong national performance since the elevation of Malcolm Turnbull to the prime ministership.