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The Australian dollar hit another eight-month high overnight.

Australian dollar hits eight-month high

The Australian dollar has continued its recent good run, surging to an eight-month high overnight, as investors' appetite for risk grew.

The Standard & Poor’s 500 Index capped a fourth weekly gain and closed at the highest level of the year.

US equities rally on ECB rethink

Dani Burger

Risk assets from stocks to commodities and emerging-market currencies surged as traders warmed to an unprecedented policy boost from the ECB.

Michael Gill's rheumatoid arthritis insurance claim was rejected.

Arthritis sufferers denied payouts

Adele Ferguson, Ruth Williams

Sufferers of crippling arthritis are being denied insurance payouts due to the use of "antiquated"  medical definitions that experts in the field say are hopelessly out of date.

Currencies

Last updated:
United States Dollar
0.7568 1.48%
Euro
0.6787 0.01%
British Pound
0.5261 -0.04%

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Retail

Myer closes Brisbane store

Myer is closing its Brookside store in Queensland, putting up to 100 jobs at risk.
Catie Low

Retail chain giant Myer has announced its first store closure since revealing plans to cut its store footprint by up to 20 per cent as part of its $600 million turnaround strategy.

Banking & Finance

ANZ Bank sued over alleged misconduct

Laurie Rounds and Tanya Hutchins allege they are victims of fraud by the ANZ Bank.
Chris Vedelago, Cameron Houston

The ANZ Bank is repossessing the home of a Melbourne couple despite the financial ombudsman finding bank staff engaged in "maladministration" by pushing one of them into a risky investment loan they could never afford.

Mining & Resources

World Business

GM buys self-driving car startup

GM initially planned an investment in the company but moved within five weeks to buy Cruise outright

​General Motors Co announced Friday it is buying Cruise Automation, a San Francisco self-driving vehicle startup, the latest move by the auto company as it competes with Silicon Valley to develop self-driving cars that could be used in ride-sharing fleets.

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Property Focus

Chatswood riding high on new leases

Property developer TOGA has announced One Twenty Macquarie a $160-million residential tower development set to soar 23 ...
Carolyn Cummins

Residential developments from office conversion, infrastructure upgrades and the new metro rail project are creating a perfect storm of demand for commercial space in Sydney's northern suburbs.

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S&P;'s highest close of 2016

Stocks finished the week off with a rally, driven higher by a rally in energy after the International Energy Agency said oil prices have bottomed out.

Duration
01:09