US stocks have slipped as weak economic data from China and Europe stoked concerns about global growth and did nothing to allay nerves over US-China talks.
Australian shares dipped further at the close, with the heavyweight financial sector as well as energy stocks dragging.
Wesfarmers has appointed a mergers and acquisitions expert to its board as it looks for opportunities after offloading Coles and exiting the UK hardware market.
Engineering firm CIMIC has announced a buyback of 10 per cent of its shares over the next year, the fourth year in a row it has done so.
Nine Entertainment's merger with Fairfax Media has lifted the company into the top 100 on the ASX, with Harvey Norman one of two firms to make way.
The Australian share market is higher despite telco stocks weighing amid ACCC concerns over the merger of Vodafone Australia and TPG Telecom.
Laura Ashley will shut shop by the end of the year if none of the three potential buyers for the troubled retailer submit a firm bid within the next four days.
The ACCC is worried that the merger of Vodafone Australia and TPG Telecom into a $15 billion telco giant could mean higher mobile prices for consumers.
The boss of gas pipeline company APA Group has announced his retirement less than a month after a $13 billion buyout was sunk by the Federal Government.
Dual-listed franchise operator Restaurant Brands NZ says sales at its Aussie KFC outlets have lifted to $33 million for the quarter.
US stocks up, but below sessions highs; Dow Jones up 0.64 per cent; S&P 500 up 0.54 per cent;.IXIC added 66.48 points, or 0.95 per cent, to 7,098.31.
Australian shares have finished over one per cent higher, thanks to solid broad-based gains, with energy, resources and banking stocks leading the way.
Westpac chairman Lindsay Maxsted has conceded the bank will suffer a first strike in a shareholder protest against its remuneration report.