AAP

The Australian share market has opened flat as investors exercise caution until they get a clearer picture of how Greece's debt situation will unfold.

Engineering group UGL has suffered a first-half loss due to one-off write-downs and provisions as the slowdown in resource sector investment continues to bite.

The Australian dollar is higher, as market sentiment improves on the back of a positive outcome in the Greek bailout negotiations.

Gold prices have fallen as a deal between Greece and its creditors took shape, easing worries about the eurozone and driving investors out of the haven metal.

Perth Mint says a new agreement allowing the Australian Crime Commission access to documents is not related to any investigation.

The Australian share market has closed lower in a choppy session bereft of positive drivers.

Gas and power transporter DUET Group has stuck with its guidance for full year payouts to its shareholders despite a 60 per cent fall in half year profit.

Adelaide-based oil and gas producer Santos has frozen its senior executives' salaries after falling to a $935 million full year net loss.

The Australian share market has opened almost flat after a mixed night of trade on overseas stock markets.

A disappointing forecast from Wal-Mart and weakness in oil stocks have pushed the Dow lower, while the Nasdaq edged closer to 5,000 thanks to strong results from Priceline.

Andrew Penn has been appointed the new chief executive officer of Telstra, replacing David Thodey who announced his retirement after almost six years at the helm.

The Australian dollar is lower, weighed down by tensions over Greece's bailout negotiations with European officials.

Oil prices have fallen after the US government reported crude inventories increased again to record highs, adding to concerns about the global supply glut.

The share market has closed lower as investors took profits from the rally sparked by a massive takeover offer for Toll, and many celebrated the Chinese New Year.

Virgin Australia has narrowed its first-half loss to $53.1 million, driven by a five-year $1 billion cost-cutting program and domestic yield growth.

Shares in James Packer's Crown casino group have soared despite a 47 per cent slump in first-half profit.

Treasurer Joe Hockey has warned that while Australia's economic fundamentals are strong, it would be irresponsible to assume that performance will last forever.

Diversified conglomerate Wesfarmers is upbeat on the outlook for its businesses after its flagship division, Coles, lifted its first-half earnings more than 7 per cent.

The Australian share market has opened higher.

US stocks have recovered from early losses to finish little-changed as Federal Reserve meeting minutes suggested it would wait longer before raising interest rates.

The Australian dollar is lower despite getting an initial boost following the release of the US Federal Reserve's January policy meeting minutes.

Oil prices have fallen before the release of a report on US crude inventories as traders kept an eye on unrest in crude exporter Libya.

Gold has reversed losses after minutes from the Federal Reserve's last meeting show some central bank officials were worried about raising rates too soon.

The share market has closed higher as a massive takeover offer for logistics group Toll sent its stocks soaring.

Iron ore miner and steel company Arrium has slammed the federal government for failing to crack down on the dumping of cheap foreign steel imports.

Shareholders in Toll Holdings are set for a windfall after Japan Post made a $6.5 billion takeover for the Australian transport and logistics firm.

Shares in The Reject Shop have jumped by more than 9 per cent on signs its sales are picking up, but profit was down for the half-year.

Kerry Stokes' Seven West Media has suffered a near $1 billion half-year loss after being forced to write down the value of its TV and newspaper businesses; underlying net profit, however, was only 8 per cent lower at $137.6 million.

The stock market is flat after giving back early gains made by the big banks.

Woodside Petroleum plans to cut more than 300 jobs this year as it slashes expenditure following a sharp fall in the oil price.

The Australian dollar has hit a one-week high, helped by optimism about the European economy and that a deal will be reached to keep Greece in the eurozone.

US stocks have shrugged off the latest stumble in Greek debt talks as the S&P 500 edged to a new closing high.