AAP

Mining bosses are confident they can supply the booming clean energy industry without making emissions worse, boosted by $2 trillion from the United States.

Australia's trade minister will meet with American and regional delegations during a trip to the United States in a bid to diversify export markets.

The local bourse has had another quiet day, with a drop in the materials sector and a rise in financials.

US stocks closed aimlessly with investors still awaiting a debt ceiling decision.

The local share market has finished down 0.2 per cent amid jitters that the United States might default on its debts as soon as June 1.

The federal government remains under pressure to ban contracts with consultancy giant PwC after the firm leaked confidential government information to clients.

The treasurer says the Albanese government has overseen the strong jobs growth during its first year but the opposition says it has failed to tame inflation.

The local share market has finished the day up 0.6 per cent, to end the week up 0.3 per cent amid optimism over US debt ceiling talks and the global economy.

Chevron Australia says venture partners - not taxpayers - will stump up the costs of getting the massive Gorgon carbon capture system up to promised levels.

Australia is hopeful more trade sanctions will be lifted from key exports following a surprise announcement from Beijing, as trade relations begin to improve.

An unexpected rise in unemployment has helped boost the local share market, as it eases fears the Reserve Bank will raise rates again next month.

New forecasts from a key housing body signal a slowdown in home building as interest rates and construction costs take a toll.

The employment minister has rejected claims a rise in minimum wages would put further pressure on inflation and interest rates.

The local bourse has fallen 0.5 per cent to close at its lowest level since May 4 amid economic uncertainty and nervousness about the US debt ceiling.

East coast gas supplies may continue to dwindle - extending bill shock - as developers and investors are spooked about the risk of more price controls.

The local share market has finished 0.45 per cent lower, with every sector in the red except for mining.

Western Australia's Department of Communities has been tied to corruption with allegations involving an employee and a former contractor.

The Reserve Bank's decision to lift rather than pause interest rates was close but the risk of inflation sticking around nudged it towards another increase.

Consumers remain down in the dumps, with financial sentiment back to its lowest level since April 2020, but there is some optimism about the economy's future.

The local share market recovered from minor morning losses to finish in the green and at the highs of the day, up 0.1 per cent.

Bullsbrook residents who fought to prove their properties had lost value due to alleged contamination from a nearby military base are among a cohort due to receive a share of a multi-million-dollar payout.

Newcrest Mining has entered into a binding all-scrip takeover agreement with US-based Newmont Corporation, concluding months of dealmaking between the gold producers.

Nine industrial zones to "carpool" emissions and give gas a long-term role in the economy have been mapped by the industry with help from CSIRO scientists.

The energy and materials sectors are weighing down shares as the local market prepares for the release of wage and employment data.

US stocks closed in a slump on the back of news Disney was losing subscribers and another regional bank, PacWest, took a dive.

Better-than-expected US inflation figures has kept Australian shares basically flat, with growing concerns about the debt ceiling.

Premier and Treasurer Mark McGowan is expected to reveal a healthy surplus and spending to fight inflation in the WA budget.

Australian shares finished lower ahead of US inflation data announcements, with hopes the Federal Reserve will resist rate hikes in the coming months.

The federal budget has been broadly welcomed by the business community but some worry it doesn't go far enough to boost productivity and investment.

Jim Chalmers says his budget won't fan inflation and lead to more interest rate rises but some leading economic experts are not convinced.

Local shares have finished lower ahead of the federal budget but market analysts say it is typical for the May trading period.

Key crossbenchers say the government should go further with its changes to the Petroleum Rent Resource Tax to get better value for taxpayers.