AAP

US stocks have finished moderately higher, recovering some of the prior session's losses, as Greece edged closer to a debt default.

Oil prices have rebounded as Iran and six major powers extended a deadline for reaching a nuclear deal that could add Iranian oil to an oversupplied global market.

The Australian dollar is higher against the greenback which rose overnight as Greece scrambled to avoid a debt default and possible exit from the eurozone.

Gold prices have fallen as the prospect that Greece will default on a repayment to the International Monetary Fund knocked the euro against the US dollar, and as investors remain wary over the metal's longer-term prospects.

The Australian share market has ended the last day of the financial year on a positive note as investors prepare themselves for the year ahead.

Struggling outdoor clothing and equipment retailer Kathmandu has caught the eye of a New Zealand homewares and sports retailer seeking a takeover.

Coles will refund more than $12 million to small suppliers, on top of paying a $10 million court-ordered penalty for illegally squeezing them for funds.

Kimberley Diamonds is poised to launch a major restructure and capital raising to help shore up its business.

The consumer watchdog has recommended new reporting conditions to ensure Telstra doesn't have an actual or perceived competitive advantage as it works with NBN Co.

A ban on ambulance ramping at Perth hospitals could simply shunt patients into corridors, the paramedics' union says.

The Australian share market has opened lower.

Oil prices have dropped in the US, joining other global markets in retreat on the looming threat of a Greek debt default.

US stocks have tumbled, joining global equity markets in retreat on the looming threat of a Greek debt default.

The Australian dollar is higher against the greenback which slipped overnight despite Greece lurching towards a default on its debt obligations.

Gold has firmed, as the prospect of a Greek debt default hit global shares, offsetting wariness among investors over the metal's longer-term outlook.

Australia's share market has suffered one of its biggest falls in years, with nearly $40 billion wiped out as Greece inches towards a default on its debt and a potentially catastrophic exit from the euro zone.

Phone and internet bills are likely to fall after the competition watchdog recommended Telstra cut the price it charges other telcos to access its copper wire network.

More than $35 billion has been wiped off the Australian share market as investors brace for an increasingly likely Greek exit from the euro zone.

Gold has closed little changed, after falling to a three-week low, on short-covering at the end of the week and caution ahead of crunch talks on Greece, while concerns over the longer-term outlook for the metal provides price pressure.

Uncertainty about Greece's emergency debt talks has driven the Australian share market 1.5 per cent lower.

The state opposition has reshuffled its shadow cabinet, prompted by Ken Travers moving from transport spokesman to the backbench.

Bradken has received a merger offer from the Chilean consortium providing a $70 million lifeline to the troubled mining services provider.

Western Australia's Supreme Court is stretched to its limit, with case work surging, but there aren't enough judges.

Australia Post will spend up to $190 million on staff redundancies as it attempts to stem the bleeding from its declining mail business.

The Australian share market has taken a solid fall, after US and European markets lost ground overnight.

Gold eased for the fifth straight session as traders awaited further news on Greece's negotiations with its creditors, while caution over the metal's longer-term outlook weighed on interest.

Health stocks have soared after the Supreme Court upheld a key provision of President Barack Obama's health care reform, but the broader market has fallen on worries of a Greek default.

Oil prices have fallen as traders kept an eye on Greece's prolonged negotiations with creditors to avoid a debt default and possible exit from the eurozone.

The Australian dollar is slightly higher against the greenback which was little moved overnight after the release of mixed US data and no progress in Greece debt talks.

A four-day run of gains ended on the Australian share market with investors spooked by Greece's lack of a resolution with its creditors.

More than 94 per cent of Atlas Iron shareholders have voted in favour of the company's proposed $180 million capital raising, which is designed to ensure its longer-term viability.

Mining magnate Gina Rinehart wants employees at her Roy Hill iron ore project in Western Australia to accept pay cuts so job losses can be avoided.