AAP

The Australian share market has made its best gains in nearly five months as investors await the next developments in the Greek debt crisis.

The Reserve Bank of Australia stayed on the fence, as expected, today but there are plenty of reasons it might climb down off it in the coming months.

Regulators have again admonished management at Gina Rinehart's Roy Hill iron ore mine over safety concerns.

The iron ore industry is tipped to contribute more than $600 billion to the Australian economy over the next decade, despite falling prices for the steel-making commodity.

The Australian share market has opened higher.

US oil prices have sunk nearly eight per cent on worries about slowing global growth after Greek voters rejected a bailout offer and China moved to calm financial market turbulence.

US stocks have fallen moderately, joining most global bourses in moving lower after the Greek vote against further austerity measures raised fears the country could exit the eurozone.

The Australian dollar is lower amid uncertainty over Greece's future and concerns about China's equity markets.

More than $20 billion has been wiped off the Australian stock market after Greece shocked investors with an overwhelming rejection of austerity measures that could lead to the country’s messy exit from the euro zone.

Unemployment is believed to have bumped higher in June thanks to a slowdown in the creation of new jobs.

AGL Energy will make more than $600 million worth of writedowns on its upstream gas ventures and sell underperforming businesses as it battles uncertainty surrounding oil and gas prices.

Inflation in Australia remains well below the Reserve Bank of Australia's target but interest rates are not expected to be cut this week.

The Australian share market is down well over one per cent in the wake of debt-ridden Greece's decision to reject international creditors' tough bailout terms.

The Australian dollar has hit a six-year low as Greece looks set to reject further austerity cuts in a bailout referendum.

Gold prices have firmed, rebounding from a three-and-a-half-month low as the USdollar softened, while investors remained cautious ahead of Greece's referendum on an international bailout deal.

Qantas is sharing the spoils of its estimated $1.6 billion dollar turnaround by paying $90 million in bonuses to staff who've taken an 18-month pay freeze.

The Australian share market has slipped 1 per cent ahead of Greece's referendum on bailout conditions.

The Australian share market has opened lower.

The Australian dollar is virtually unchanged against the greenback, which has fallen on disappointing US employment data.

Oil prices have changed little, a day after precipitous falls, as traders worried about a global glut and the first rise in the US oil-rig count this year.

Wall Street stocks have closed a holiday-shortened week slightly lower following a mixed US jobs report and as investors awaited Greece's weekend referendum over its economic fate.

Gold has rebounded slightly from an earlier three-and-a-half-month low after data showed the US labour market was weaker in June than expected, indicating that the Federal Reserve may hold off from raising interest rates in September.

The Australian share market has finished higher for the third consecutive session after Monday's huge sell-off.

Rio Tinto chief executive Sam Walsh has shrugged off pessimistic iron ore forecasts, saying there will be a happy ending for the steel-making commodity.

Sandalwood plantation operator TFS Corporation has reaffirmed its expectation of a net profit of at least $90 million for the 2014-15 financial year.

The Australian share market has opened higher.

Gold has fallen, as the US dollar strengthens and hopes for progress in the Greek crisis revive after the country told international creditors Athens could accept their bailout offer if some conditions were changed.

US stocks have gained, following European equities higher on hopes for a deal with Greece as US data showed private-sector hiring accelerated in June.

Oil prices have tumbled as traders weighed Greece's deepening debt crisis and a surprise increase in US crude-oil inventories.

The Australian dollar is weaker against the greenback, which has risen on bullish US jobs and factory data.

The Australian share market has closed 1 per cent higher as investors repositioned their portfolios on the first day of the new financial year.

The Australian share market has opened higher.