AAP

The board of construction and contract mining group Leighton Holdings has supported an improved offer from its majority shareholder Hochtief for a greater stake in the company and dumped its chief executive at Hochtief's request.

The sharemarket is higher after a stabilisation in iron ore prices helped lift resources stocks.

State and federal governments should impose greater penalties for unlawful industrial disputes and disqualify tenders from contractors who do "sweetheart" deals with unions, the Productivity Commission has argued.

Gold futures have climbed to a six-month high as investors seek to protect their wealth from the ripple effects of financial troubles in China and geopolitical tensions in Eastern Europe.

US stocks finished mixed as cautious investors kept an eye on the Ukraine crisis and awaited more information on the direction of the economy.

The Australian dollar is recovering losses made over the past few days, getting some help from rising copper and gold prices.

Weakness amongst the major banks has pulled the sharemarket lower, despite some mining stocks bouncing back from recent losses.

Up to 5,000 Qantas workers in the firing line have been given a month's reprieve after the airline agreed to delay its planned mass redundancies.

Western Australia's controversial shark kill policy will not be probed by the state's Environmental Protection Authority.

The sharemarket has opened lower as concerns about China's economy and falling commodity prices continue to weigh on investors.

Former Treasury head Ken Henry has joined calls for the federal government to face up to the fiscal hurdles posed by the nation's growing welfare and health budgets.

US stocks have finished lower as the market retreated from last week's records and waited for news that might support further gains.

Gold futures have climbed for the second straight day as the standoff between Russia and Ukraine spurs demand for a haven.

The Australian dollar has dropped to a one-week low after weak US wholesale sales data gave traders another excuse to sell the currency.

David Jones chief executive Paul Zahra has reversed his decision to resign and will stay on at the retailer.

The Australian share market has closed flat as investors turned away from some of the big mining stocks in favour of the banks.

The Western Australian public will differentiate between the state government's problems and the Liberal party's Senate candidates at the April 5 poll, Prime Minister Tony Abbott told a campaign launch in Perth today.

Rare earth miner Lynas Corporation has widened its half-year loss and warned that it will need to raise additional funding within the next 12 months to meet its debt repayment obligations.

Recent improvements in business conditions seem to have hit a snag as a lack of employment growth weighs on consumer confidence.

The tide appears to be turning for the travel and tourism sector, with data from the Australian Bureau of Statistics highlighting a growth trend in the number of short-term visitors compared to resident departures.

The Australian share market has opened lower in the wake of disappointing Chinese trade data and escalating concern over Ukraine.

A federal Liberal MP who called Tony Abbott a liar over the government's refusal to support food processor SPC Ardmona says the company's $70 million deal with Woolworths is a win for people power.

US stocks have slipped as weak economic data from China and Japan raised questions about the growth outlook in Asia.

Global oil prices have fallen as weak Chinese trade data stokes concerns over demand in the world's second largest economy.

The Australian dollar has lost ground as tensions about the Ukraine crisis and concerns about the Chinese economy weigh on market sentiment.

Steep falls among Australia's biggest miners have pushed the sharemarket lower after weak Chinese trade data lead to a fall in commodity prices.

Ship builder Austal has won a $US125 million ($A138.71 million) contract to build two vessels for an unidentified naval customer in the Middle East.

Germany's Hochtief has moved to boost its stake in construction giant Leighton Holdings and shake up the company's board.

The Australian share market has opened lower in the wake of disappointing Chinese trade data and escalating concern over Ukraine.

Wall Street stocks have finished mixed as a better-than-expected US jobs report helped offset anxiety over Ukraine that sent European equities lower.

Gold and silver futures have dropped as investors come to grips with the prospect of continued stimulus reduction by the Federal Reserve in the wake of better-than-expected US employment data.

The Australian dollar is lower as more worries about tensions between Russia and Ukraine overshadow positive US economic data.