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At the core of AAP Newswire is our unbiased, 24/7 breaking newswire that feeds the latest news from Australia and the world. Supported by over 200 journalists, AAP Newswire provides the news that matters.

Aust shares fall on US govt shutdown fears

The Australian share market has closed lower on concerns around a possible US government shutdown, while the Aussie dollar is trading at a four-month high.

Higher $A knocking on door of US80 cents

The Australian dollar is fractionally shy of 80 US cents, with the US dollar weakening ovenight amid fears of a possible federal government shutdown.

Aust shares shrug off Wall St, to open up

The Australian share market looks set to open higher despite an uninspiring Wall Street session.

Oil little changed after record crude draw

Oil is little changed, after prices ease early in the session, but are supported by a record drawdown of US crude stockpiles at the Cushing, Oklahoma delivery hub.

Gold under pressure as Bond yields rise

Gold is flat, trading in a narrow range, first dipping as the US dollar rose and then rising as the US dollar moved lower, but bullion's gains were limited by higher US Treasury yields.

Aust shares edge lower on energy weakness

Australian shares have closed barely lower, with banks and consumer stocks among the few sectors to record gains as energy and mining stock weakness weighed on the market.

Car warranty company to refund $5m

A company selling car repair warranties will refund $4.9 million to thousands of customers who were sold high-priced cover by sales staff chasing bigger commissions.

Pluto domgas timeline confirmed

The state's domestic gas market will soon receive a small supply boost, with Woodside Petroleum's Pluto project expected to begin pumping up to 25 terajoules a day into the network from the second half of this year.

BHP maintains iron ore volumes

BHP Billiton has lifted production of copper, nickel and energy coal for the first half of fiscal 2018, but volumes were flat in its iron ore business while petroleum and metallurgical coal volumes were down.

Aust shares open up after record Dow close

Australian shares have opened comfortably higher after a strong positive lead from Wall Street with the Dow Jones Industrial Average closing above 26,000 points for the first time.

Oil up ahead of US weekly inventory data

Oil prices have closed higher ahead of the release of US petroleum data that was expected to show a ninth straight weekly drawdown in crude inventories.

Mining selldown drags Aust shares into red

The Australian share market has closed lower, with the materials sector heavily sold down on shifting commodity prices and expectations of a correction.

Insurers repay $63m in car cover crackdown

Insurers Suncorp and Allianz will be forced to repay almost $63 million to thousands of customers who were sold worthless or near-worthless insurance add-ons when buying cars at dealerships.

South32 ups FY manganese outlook

Diversified miner South32 has boosted its expectations for South Africa manganese production and maintained full-year guidance for all other products after a solid first-half performance.

Aust shares follow Wall Street lower

The Australian share market is firmly in the red in early trade, following a negative lead from Wall Street.

$A is steady against $US

The Australian dollar is starting the day just as it left off on Tuesday, amid a slight lift in the US dollar, a fall in commodity prices and little data to influence it.

Oil drops off 3yr high but demand supports

Oil prices have dropped off three-year highs as traders booked profits but healthy demand underpinned prices near $USUS70 per barrel, a level not seen since the market slump in 2014.

Gold falls off 4-month peak as $USUS lifts

Gold has slipped from the previous day's four-month high, reflecting losses across the commodities complex as the US dollar claws back some losses the day after hitting a three-year low against a basket of currencies.

Aust shares sink as $A aims at US80 cents

The Australian share market has closed weaker, led into the red by retreating financial and energy stocks, while the Australian dollar continued its upward run towards US 80 cents.

Rio hits 2017 iron ore output target

Rio Tinto has maintained its target for iron ore shipments in 2018 after hitting the lower end of its full-year guidance in 2017.

Aust shares fall, no clear US guidance

The Australian share market is lower in early trade, after a lack-lustre showing on global markets and Wall Street closed for a public holiday.

$A continues its upward march against $US

The Australian dollar has continued its confident march toward 80 US cents as the greenback's weakness lingers with a holiday in the US.

Oil near 3-year high despite US output up

Oil has hovered near a three-year high above $US70 a barrel on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a "red flag" due to surging US production.

Gold lifts as $US index falls to 3yr low

Gold prices have hit a four-month peak as the US dollar index slumped to its lowest in three years but some analysts say the greenback's slide could be short-lived as it hasn't been driven by fundamentals.

Mining gains drive Aust shares higher

The Australian share market has closed modestly higher after the miners offset weakness from the energy players and a flat performance by the banks.

Australian shares lift on offshore gains

Australian shares have started the week comfortably higher following record highs on US and British markets.

$A once again higher on $US weakness

The Australian dollar is back above 79 US cents - just.

Oil lifts again, heads to 4th wk of gains

Oil prices have risen for a sixth day after Russia's oil minister said that global crude supplies were "not balanced yet," alleviating market concerns about a wind-down of the OPEC-led deal to reduce production.

Gold up on $US fall, palladium hits record

Gold has hit a four-month high heading to a fifth straight weekly gain as the US dollar fell against the euro on an agreement for a political coalition in Germany.

Aust shares give up gains, close flat

The Australian share market has fallen away again at the end to close flat, as strong gains by miners and some energy companies offset losses among financial, property and consumer stocks.

Australian shares higher on Wall St gains

Australian shares have opened higher following a surging US market on the back of a rise in oil prices and as investors bet on a strong US corporate earnings season.

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Building approvals jump 11.7%

Approvals for the construction of new homes have jumped by 11.7 per cent in November, boosted by a spike in apartment and townhouse construction activity in Victoria, Western Australia and Tasmania.

Medicinal cannabis stocks up on export move

Medicinal cannabis producers have welcomed the Australian government's decision to approve exports of their products.

Car warranty company to refund $5m

A company selling car repair warranties will refund $4.9 million to thousands of customers who were sold high-priced cover by sales staff chasing bigger commissions.

Reprieve for School of the Air

The Western Australian government has backflipped on a decision to scrap regional educational provider School of the Air along with the Gifted and Talented and Follow the Dream programs after a widespread community backlash.

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Building approvals jump 11.7%

Approvals for the construction of new homes have jumped by 11.7 per cent in November, boosted by a spike in apartment and townhouse construction activity in Victoria, Western Australia and Tasmania.