Global growth fears weigh on US stocks

Wall Street stocks have suffered one of the worst weeks of 2014, with overwhelming global growth fears.

The dollar has gained against other major currencies except the yen amid rising worries about global growth.

US stocks have fallen sharply, with the tech-rich Nasdaq Composite Index sinking more than two per cent.

Australian Treasurer Joe Hockey has said the G20 economic powers remain confident about the global economy.

Rupert Murdoch's 21st Century Fox has announced a joint TV venture with 'Big Brother' creator Endemol.

Oil prices have closed slightly higher after deep session losses in a market worried about a supply glut.

The Nielsen company has admitted to errors dating back to March in its measurement of television viewing.

PM Tony Abbott has said China's decision to impose tariffs on Aust coal shows the importance of a FTA soon.

European stock markets have fallen at the start of trading.

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