AAP

AMP has had $1 billion wiped off its market value during a royal commission appearance in which the wealth management giant admitted to charging clients for advice they never received and then lying about it to the corporate watchdog.

The remainder of the 2018 Margaret River Pro has been cancelled and the future of the World Surf League event may be in jeopardy due to fears of shark attacks.

Rio Tinto has announced an 8 per cent spike in its Pilbara iron ore production to 83.1 million tonnes for the quarter, while shipments were up 5 per cent at 80.3mt.

Australian shares have opened higher after US stocks rallied on the back of some strong company earnings reports and as concerns over geopolitical tensions ease.

Gold prices turned positive on Tuesday as some investors held onto positions, while a sharper risk appetite benefited cyclical assets at bullion's expense as the US dollar's recovery from three-wee

Oil prices rose on Tuesday, as support from the possibility of supply disruptions and a strong equities market offset the effects of profit-taking following last week's rally above three-year highs

The Australian dollar is lower, coming under pressure after the release of weaker than expected Chinese economic growth and industrial production figures.

The Australian share market closed almost flat as early gains drifted away following the Reserve Bank's comments that the next interest rate movement will likely be up.

Engineering giant CIMIC has reaffirmed its full-year profit guidance after lifting first-quarter profit 7 per cent to $172 million.

The NBN is still not meeting consumer expectations, with complaints continuing to rise as more homes and businesses connect to the network, the industry ombudsman says.

Jamie Oliver's business woes have deepened with his Australian restaurant group falling into voluntary administration.

The Australian share market has opened higher after Wall Street shrugged off geopolitical concerns and focused on stronger-than-expected company earnings.

The Australian dollar is higher, after Wall Street closed on an upbeat note as optimism about the coming company earnings season overshadows the weekend's US-led missile attack on Syria.

Oil prices dropped on Monday as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.

Gold prices rose on Monday as losses in the US dollar bolstered, though gains were muted as financial markets bet that air strikes on Syria would not escalate into a wider conflict.

The Australian share market has closed in positive territory, led by the energy sector as investors rallied around hopes that tension in Syria and the China-US trade tiff have both peaked.

Health Minister Roger Cook says Western Australia is missing out on $1 billion in health funding, and is calling on the federal government to increase the state’s share to reflect its unique challenge of isolation.

Thousands of workers will be out in force for wage increases and job security in union-led rallies across the country over two weeks, kicking off with a mass meeting of delegates in Melbourne.

Home loans to owner-occupiers rose 1.3 per cent to $21.5 billion in February, eclipsing November's all-time high.

Lower tariffs have helped boost the value of Australian wine exports to China in the year to March 2018 to more than $1 billion - the first time that exports to a single country have hit that level.

Australian shares have opened higher with investors more positive after expected conflict between America and Russia, following US-led strikes on Syria, failed to eventuate.

The number of Australia homes and businesses connected to faster national broadband speed plans has more than doubled thanks to NBN Co's temporary discounted pricing, which the company says will be superseded by new bundles from May.

The Australian dollar is lower after US stocks fell on Friday as tensions about Syria results in cautious trade on financial markets..

Oil prices rose on Friday, making the largest weekly gain since July, supported by concerns about the possibility of Western military action in Syria and reports of dwindling global oil inventories

Gold prices rose on Friday, posting their second consecutive weekly gain on lingering uncertainty over Western military action in Syria.

Western Australia will get an $80 million specialist rural fire division at the Department of Fire and Emergency Services, as recommended in an independent report into the deadly Yarloop bushfire.

The Australian share market has closed higher, after Wall Street rose on easing US-Russia tensions over Syria and investors looked for bargains in healthcare and resources.

More women than men are being appointed to the boards of Australia's top 200 companies for the first time on record.

Commonwealth Bank of Australia has agreed to pay $3 million after the corporate watchdog found two of the lender's financial planning arms charged customers millions of dollars for advice they did not receive.

The Australian share market has opened slightly higher as investors' concerns about US and Russia's tensions over Syria eased.

The Seven Network and Foxtel have won the bidding war for cricket's TV rights, paying almost $1.2 billion and ending the four-decade relationship between the sport and the Nine Network.

The Australian dollar is slightly higher against a stronger US dollar which was buoyed by US President Donald Trump's more conciliatory trade comments, including the possibility of rejoining the Tr