AAP

The nation’s retail turnover rose a moderate 0.7 per cent in May supported by discount shopping and higher food-related spending, according to the Australian Bureau of Statistics.

The resources industry is at the core of success, as a nation and as a state, proud Queenslander Jim Chalmers will tell a mining conference in Brisbane.

The local share market has enjoyed its best day of trading in 11 weeks, rising 1.1 per cent with inflation data likely closing the door to a rate hike in July.

Still paying the reputational price for blowing up sacred caves, Rio Tinto has told a global mining forum it is driving cultural change across the business.

The local share market has gained 0.56 per cent, led by miners and the big banks to snap a four-day losing streak despite a poor lead from Wall Street.

The outlook for the Australian manufacturing sector remains gloomy as cost pressures show few signs of letting up.

US stocks have closed lower amid apparent investor jitters regarding the situation in Russia and further rate hikes by the Federal Reserve.

The local bourse has fallen 0.3 per cent, finishing lower for a fourth straight day as global recession concerns rattled nerves.

The local share market has finished 1.3 per cent lower, closing the week down 2.1 per cent despite solid gains on Monday and Tuesday.

Green hydrogen champions will get subsidies to bridge the gap between the fuel's cost and what the market is prepared to pay, with no timeline for profits.

The local share market dropped 1.6 per cent after the US central bank chairman said interest rates needed to rise further.

The Australian share market has snapped its seven-day winning streak, with investors apparently apprehensive about Jerome Powell's testimony to the US Congress.

The pullback in non-essential spending continues as households scrimp on nice-to-haves so they can meet higher mortgage repayments.

Australian shares closed up nearly 0.9 per cent, reaching their highest level since April while the local currency plunged after the release of the RBA minutes.

A new report shows unleashing the power of skilled migrants and refugees could boost the Australian economy and fill workforce gaps.

The local bourse has finished at its best level since May 1 after six straight days of gains as "FOMO traders" rush to catch up with the bulls.

The Senate has voted to establish the Indigenous Voice referendum, setting in motion the timeline for the public poll later this year.

New Treasury figures show Australia outperforming major advanced economies in the past 12 months for employment growth.

The local share market closed higher for its fifth straight session, rising 1.1 per cent for its best day since April 11, to finish the week up 1.8 per cent.

A $100 million fund will be set aside for the nation's local councils in a bid to make key community facilities more energy efficient.

The local share market has finished up 0.2 per cent, while the Australian dollar is trading more than 68 US cents for the first time since February.

Trade Minister Don Farrell says there's been some movement on the main impediments to Australia's free trade deal with the European Union.

The local market finished up 0.3 per cent as moderating US inflation diminished the chance of a Fed rate this week, but CSL was serving as a major drag.

Some 1200 staff of the Reserve Bank have been underpaid more than $1 million due to an error calculating payments for leave entitlements.

State governments are leading the way for Australian green bonds with the latest issuance to fund an electric car charging network, wind farms and rebates.

The local share market has finished up 0.2 per cent ahead of a busy week of risk events headlined by the Federal Reserve meeting.

Australia will need to break new ground in order for the economy to not go backwards amid high inflation, the prime minister will say in a major speech.

Global markets are eagerly awaiting what the US central bank decides to do on rates when it meets this week, with some economists predicting a rise.

US stocks have closed higher as investors wait for inflation data and a decision from the country's central bank.

The local share market has finished up 0.3 per cent for the day as hopes grew for a pause in US rate hikes, but closed the week down 0.3 per cent.

Judo Bank's chief risk officer says higher interest rates will create hardship for small and mid-sized businesses in the consumer discretionary space.

The ASX200 has closed down 0.26 per cent following a surprise overnight rate hike from the Bank of Canada that emphasised how far rates might rise.