The Australian share market has closed nearly one per cent lower, dragged back by the major banks and continued weakness in the resources sector due to lower commodity prices. Phillip Capital senio..

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The Australian share market is lower, weighed down by the continued rout in commodities. Key miners led the fall with BHP Billiton down 35 cents to $19.72, Rio Tinto 51 cents lower to $47.62 and Fo..

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Pharmaceutical heavyweights Pfizer and Allergan have unveiled a record-setting $US160 billion ($A222.62 billion) mega-merger as US stocks finished modestly lower. US giant Pfizer says its combinati..

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