US retail sales rose solidly in November, adding to signs of a strengthening economy that could draw the Federal Reserve closer to reducing the pace of monetary stimulus.
Gold prices fell two per cent overnight as upbeat US retail sales data boosted the dollar and stoked expectations that the Federal Reserve could reduce its bond-buying stimulus soon.
Local shares are set to extend their recent slump into a seventh day as the RBA governor continues to talk the Aussie down.
The boss of competition regulator has fired back at Woolworths over its claims the watchdog hurried its investigation into a $500 million laundry detergent cartel, saying the retailer knew about the cartel allegations as far back as June and that due process was followed.
Federal Court finds directors breached duties by overseeing a $33 million fee to the trust's founder.
Nine's poor performance reflective of a wave of overly expensive floats, managers say.
Sharemarket falls for the sixth day in a row as offshore investors trim their portfolios.
It may not be the three-peat the Sydney Swans were after but departing chairman Richard Colless has heralded the club's third consecutive year in the black.
Faced with worsening deficit, state flags the sale of a suite of assets in bid to rein in debt.
Troubles enveloping mining services sector wreaks havoc on Transfield share price.