AAP

Ten Network must find new financiers or face the possibility of going into administration after billionaire shareholders Lachlan Murdoch and Bruce Gordon refused to back a new funding deal for the loss-making commercial free-to-air broadcaster.

The Crown Resorts employees detained in China have all been charged with the illegal promotion of gambling on the Chinese mainland.

The Australian share market has bounced back from its previous session's fall that rounded off its worst week in seven months, and has opened higher.

Oil has edged up on signs of inventory declines in the US and news that Saudi Arabia will limit volumes of crude to some Asian buyers in July and deepen cuts to the United States.

Strong speculative demand has kept palladium near 16-year highs, though weak fundamentals are soon expected to take their toll on prices of the metal, which is used to make autocatalysts for petrol-fuelled cars.

Prime Minister Malcolm Turnbull will face a showdown over the merits of a proposed clean energy target when government MPs meet tomorrow.

The Perth Children's Hospital is unlikely to open by the new September deadline but progress is being made treating lead contamination at the facility, the state's health minister says.

Outgoing BHP Billiton chairman Jacques Nasser has been named a companion of the order of Australia, while Qantas boss Alan Joyce has also been honoured in the Queen's birthday honours.

The former operators of Quest serviced apartments in South Perth have been fined almost $59,000 for a sham contracting arrangement designed to bypass industrial relations laws.

The Australian share market has ended slightly higher, buoyed by mining stocks, while the poor showing for the ruling Conservative Party in the UK election has given the Aussie dollar a boost against the pound.

ANZ Banking Group is raising variable rates on its interest-only mortgages by 0.3 percentage points as it reins in riskier lending in response to regulatory changes.

State premiers have rejected reform measures to the GST carve-up put forward by Mark McGowan, who is lobbying for Western Australia to get a fairer share of the tax's revenue.

The Australian share market has started weaker after US stocks ended flat and investors brace for the outcome of the British general elections.

The Australian dollar is treading water against its US counterpart ahead of key housing finance data and as the greenback firms slightly.

Oil prices have again fallen, with a sell-off continuing the day after data showed a surprise surge in US crude inventories, and Brent settled at its lowest since November 29, the eve of an OPEC production cut deal.

Gold prices have extended losses into a second session as the US dollar strengthened and as investors viewed the testimony from former US FBI director James Comey as containing no significant surprises.

The share market has closed slightly higher as strength in bank and healthcare stocks offset falls by energy companies, as investors wait on key political events overseas.

Australia's trade balance has fallen sharply to a surplus of $555 million after a steep decline in coal exports due to Cyclone Debbie.

Shipbuilder Austal is teaming up with government-owned counterpart ASC in South Australia to win the contract to build the Navy's nine new frigates.

The Australian share market has started the day weaker after international oil prices dived and the iron ore price slumped.

The Australian dollar has crept a little higher against its US counterpart amid falls in oil and iron ore prices and ahead of several key political and monetary events.

Oil prices have plunged five per cent to a one-month low, after an unexpected increase in US inventories of crude and petrol fanned fears that output cuts by major world oil producers have not done much to drain a global glut.

Gold prices have fallen from near seven-month highs on a stronger US dollar and after a written testimony by a former FBI director to the US Senate was seen as containing few surprises, but declines were limited as uncertainty from the UK election remained.

Australia's economy grew by 0.3 per cent in the March quarter as consumer spending slowed and a fall in exports weighed on activity.

Better-than-expected economic growth has boosted the Australian dollar, while the share market was steady as gains by banks and healthcare companies offset falls by the supermarket giants.

Australia's food and grocery prices have to come down further because they are "crazy" compared to the rest of the world, Coles managing director John Durkan says.

Vocus Communications has received a $3.3 billion takeover proposal from US private equity firm Kohlberg Kravis Roberts.

The Australian share market has seesawed in a narrow range in early trade, with investors wary of taking positions ahead of local gross domestic product data and key international developments.

Oil prices have edged up, finding technical support after sliding below $US47 a barrel on pressure from a diplomatic rift in the Middle East and sustained high crude inventories in the United States.

Gold has risen to the highest in seven months on a slump in the US dollar to a seven-month low and on safe-haven demand driven by a rift in the Middle East, an upcoming European Central Bank meeting and the British election.

The share market has dropped to a four-month low as all sectors lost ground and the heavyweight banking and mining sectors suffered steep falls.

The Reserve Bank of Australia has held its benchmark interest rate at 1.5 per cent as expected, while indicating it believes east coast housing markets may be starting to cool.