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Investors have done well out of the election of Donald Trump earlier this month.

Markets Live: Vocus shares smacked

Shares reverse early losses to trade higher, led by buying in the big banks, while Vocus's earnings guidance is poorly received.

Qantas bales out of plan to grow US traffic

Qantas said the deal would have increased traffic from the US by 9 per cent.

Qantas has baled out of an ambitious deal with American Airlines that would have increased trans-Pacific traffic for both carriers, after a US regulator blocked it on competition grounds.

'See you in court': law student rejects Labor MP's apology

Labor frontbencher Terri Butler apologised for her comments on Q&A but Calum Thwaites said it wasn't good enough.

A stoush between a Queensland law student and Labor frontbencher Terri Butler over claims of a "racist smear" is bound for court after he bluntly rejected her apology as a "sham" and vowed to press ahead with a $150,000 defamation lawsuit.

Iron ore tops $US80 a tonne

The latest advance came as China's State Council pressed ahead with its environmental probe into illegal capacity ...

The spot price for iron ore extended its stunning rebound, topping $US80 a tonne for the first time in more than two years.