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Despite being flat for most of the session the local market gained some ground in the last hour or so of trade and managed to close 0.2 of a percent higher. If we take a look at the final numbers, both the All Ords and the ASX 200 added 11 points. Sh
And the new owner of David Johns insists it's not planning any major changes to this department store chain; David Johns chief executive Paul Zahra has quit just a month after shareholders approved the takeover by South Africa's Woolworths. Iain Nair
A South African judge has cleared Oscar Pistorius of murder, but the athlete could still be found guilty of culpable homicide. That sentence carries up to 15 years in jail. The judge has ruled Pistorius had acted hastily when he shot dead his girlfri
Now Bambi Joyce is in China working on the proposed free trade deal. It's expected to be announced in November when the Chinese leaders visit Australia for the G20. Mr. Joyce told LightLine talks about the possible agreement have been positive so far
We've got a high-pressure system building across the southeast and underneath that we've got clearing conditions of any showers about Victoria and the very isolated clearing to the easterly in the day. Still a few showers though about the southwester
The decision by Scotland to stay in the UK reduces the risk of financial instability in Europe, so as the British pound has hit a two-year high against the Euro. And it's up against the Australian dollar and the greenback. It's been a positive sessio
And fears of an economic slowdown have sparked big falls on world markets. The International Monetary Fund has downgraded its global forecast for the next two years. Wall Street closed more than 1.5% lower and there're also big falls across in Europe
There have been violent clashes in Hong Kong in the worst unrest since China took control of the city in 1997. Police used teargas to try to disperse thousands of pro-democracy protesters who have brought part of the city to a standstill. There have
And raids, as we speak, are underway in three Melbourne suburbs. The joint operation involves Victorian and Federal police. The raids had been carried out in the suburbs of Seabrook, Flemington and Meadow Heights. To other stories: The center of Hong
Leading the news this morning, Tony Abbott has set up confrontation with Russias President Vladimir Putin at next-month G20 leaders meeting in Brisbane. The Prime Ministers promise to / Mr. Putin over the MH 17 disaster has attracted worldwide headli
The US Federal Reserve should delay the end of its bond purchase program according to St. Louis Federal Reserve chairman James Bullard. Mr. Bullard says the end of the quantitative easing program should be delayed to halt a decline in inflation expec
Let's go to finance. Treasurer Joe Horkey says this weekend's G20 summit in Brisbane won't just be talk first. Mr. Horkey told us earlier he's determined to get a water tight commitment for his economic agenda. We have lied down a plan, a plan for gr
Global oil prices hit fresh four-year lows overnight after OPECthe 12 nation price setting cartel run by Saudi Arabia defied calls to cut production to address over supply. Increasing production from the US and other countries has seen the oil price
The federal government is trying to get the controversial higher education reform through the Senate.The government has made some concessions,including the interest rate to be charged on students' loans.but it's not clear that will be enough to win s
Skies are clear over most of the country but there're still some instability with showers and isolated storms possible. This front system to the west is taking most of the rain into the bay,just some isolated showers and possible storm in there. Behi
Syria's President Bashar Assad has gone on an American television to warn against the military strike against his country. Mr Assad says the United States will pay a heavy price if it does attack Syria. Russia has suggested Syria put its chemical wea
After agreed to political ..., the United States government has finally reopened for business. US President Barack Obama has urged Republicans to view the deal to end a budget crisis as a new opportunity for bipartisan cooperation. He says there's be
America's spy chief General Keith Alexander has denied ever discussing the alleged tapping of the German Chancellor's phone with President Obama. German media reports claim that Angela Merkel's mobile phone may have been tapped for more than a decade
And business groups want the carbon tax gone by the end of the financial year. Innes Wilox from the Australia Industry Group says the longer it stays, the more costly it will be for business. The moment business faces a pretty terrible prospect of ha
Leading the news. All 50 people onboard a Russian plane have died of a fire crash in the airport of the city of Kezan. Tbe Boeing 737 had taken off from Moscow and was reportedly trying to land for a third time when it crashed and exploded on impact.