AAP

The Australian dollar has bounced after sentiment turned sour overnight as Brexit concerns intensified.

The share market's early gains have evaporated as concerns about Britain's possible exit from the EU continue to dominate.

Close to $1 billion has been added to Crown Resorts' market value as investors speculate a demerger of the casino operator will enable billionaire James Packer to privatise part of the group.

Unemployment rose in Western Australia last month, while the national rate held steady at 5.7 per cent, with no full-time jobs added in three months.

The Australian share market has opened higher, led by banking and resource companies.

The Turnbull government is resisting calls for a bailout of troubled steelworks Arrium as Labor pledges $100 million in assistance.

The US dollar has fallen along with bond yields after the Federal Reserve left US interest rates unchanged and hinted at a less aggressive outlook for rates.

The Australian dollar has picked up pace after the US Federal Reserve left rates on hold and flagged a more gradual tightening path.

OZ Minerals has reached a $24 million settlement with Zinifex shareholders who received a stake in the company following its merger with Oxiana eight years ago.

The share market has posted a second straight day of sharp falls on fears Britain will leave the European Union.

Opposition leader Bill Shorten says a Labor government would review the NBN Company board in the wake of questions about the impartiality of its chairman.

Virgin Australia plans to raise $852 million and sweep the broom through its operations by cutting its aircraft fleet and workforce.

The Australian share market has opened lower after Wall Street dropped for a fourth straight session.

Rio Tinto will purchase a total $1.747 billion of 2018 capital notes under its debt reduction plan.

The Australian dollar is likely to slide further as Brexit fears keep global markets in risk-averse mode.

Gold hit its highest in almost six weeks on Tuesday, rising on worries about a potential British exit from the European Union and expectations the U.S. Federal Reserve will not raise interest rates at its June meeting.

Wall Street has dropped for a fourth straight session as central bank policymakers weighed the health of the US economy and investors worried about an upcoming vote in Britain on whether to leave the European Union.

The Australian share market has fallen nearly 2 per cent to a seven-week low, wiping out $27 billion in value, amid concerns about US interest rates and the Brexit vote.

Indian businessman Pankaj Oswal misappropriated more than $150 million in company funds for his Perth homes, a vegetarian restaurant chain, luxury cars and planes, a court has heard.

The Australian share market has opened lower in the wake of falls on Wall Street and in Europe overnight.

Wall Street has stumbled for a third straight session as tech stalwarts Microsoft and Apple dragged on indexes and investors braced for major economic and political events in the United States and Europe.

Gold rose for the fourth straight session and hit its highest since mid-May on Monday, driven by rising investor risk aversion before central bank meetings this week and Britain's June 23 vote on whether to leave the European Union.

World stock markets have fallen, while the safe-haven yen firmed amid concerns that Britain may be on the verge of voting to leave the European Union in a referendum that is two weeks away.

The Australian dollar is lower with markets in a risk averse mood.

The Australian stockmarket was spared volatile trading today thanks to a public holiday in the eastern states, as Asian stocks fell the most in more than four months and the Japanese yen jumped as risky assets took a hammering.

The Australian share market has fallen almost one per cent due to significant weakness in resources and banking stocks.

BHP Billiton shares have fallen after Brazilian police completed their criminal investigation into last year's deadly dam burst at a mine co-owned by the Australian giant.

The Australian share market has opened lower.

Arrium's administrator is still seeking another $100 million to make the Whyalla steelworks attractive to potential investors despite Prime Minister Malcolm Turnbull having ruled out an immediate bailout.

Australia's second-largest airline, Virgin Australia, is set to be more than one-third owned by two Chinese companies after its biggest shareholder slashed its stake.

The rebounding greenback has snapped an eight-day rally of the Australian dollar.

A forecast slump in iron ore prices is set to deliver another blow to already-strained federal government finances, with analysts warning a recent uptick in pricing will soon be wiped out.