AAP

The Australian dollar rose past 90 US cents for the first time in almost a month after the Federal Reserve chairman Ben Bernanke called for more action to stimulate the American economy.

The Australian market looks set to open higher following a mixed result on Wall Street on Friday.

Shares have continued to rally as the banks benefit from the US Federal Reserve's decision to dilute its stimulus measures, and Telstra hits a near nine-year high.

US stocks have closed mostly lower a day after a record-setting surge spurred by the Federal Reserve easing stimulus.

Oil prices rose as investors concluded that the Federal Reserve's move to trim stimulus was a sign of the improving US economy.

he Australian dollar is slightly higher as the currency consolidates following its losses made after the US Federal Reserve meeting.

A disability discrimination claim has been lodged against BHP Billiton and its contractor Carey Mining on behalf of a deaf man who alleges he was unlawfully sacked while working in a Western Australian mine site.

Legal action has been launched against engineering services firm WorleyParsons following a profit downgrade by the company.

The Australian share market has enjoyed a welcome lift after the US Federal Reserve decided to start winding back its stimulus program for the US economy.

National Australia Bank chairman Michael Chaney has defended the company's performance and strategy after facing shareholder criticism at its AGM.

Wastewater treatment plants could be on the chopping block as the Western Australian government seeks to boost its coffers with asset sales.

The Australian dollar is slightly lower with the market not surprised by the US Federal Reserve announcement of a small winding back its economic stimulus program.

 US stocks have surged to new records after the US Federal Reserve modestly scaled back its bond-buying program in a much-anticipated decision.

The full 12 kilometre length of a planned new rail line to Perth Airport could be completely underground, Western Australian Treasurer Troy Buswell says.

Australia's long-run prosperity depends on federal government support for productive industries and more flexible workplaces rather than cheaper loans, the central bank says.

Bega Cheese has pulled out of the three-way battle for control of Warrnambool Cheese and Butter.

Australian shares are marginally weaker as uncertainty about the US Federal Reserve's stimulus decision hits banks and retailers.

Engineering and construction business Decmil Group has won a $147 million contract for work on the expansion of the Manus Island detention centre, taking its total awarded work at the centre to $284 million.

Australian engineering group UGL has been awarded a five-year multi-million dollar contract to maintain energy giant Chevron's Western Australia gas assets.

The Australian stock market is higher as investors sit on the sidelines awaiting the outcome of the US Federal Reserve's final meeting of 2013.

The architect of the Gillard government's school funding reforms, David Gonski, will take over as chairman of ANZ next year.

The Reserve Bank of Australia is keeping an open mind on further interest rate cuts, but says monetary policy can't do all the heavy lifting in the economy.

US stocks Tuesday closed lower as investors awaited Wednesday's conclusion of a much-anticipated US Federal Reserve policy meeting.

The Australian dollar has fallen below 89 US cents for the first time in four months as expectations about an upcoming US Federal Reserve announcement continue to weigh on the currency.

The Australian share market has finished slightly higher as defensive stocks performed well after the release of the government's budget update.

Australia have put the pain of three straight Ashes-series defeats behind them, crushing England by 150 runs in the third Test on Tuesday to regain the urn.

Leighton Holdings subsidiary Thiess has won a $570 million four-year contract extension on a coal mine owned by Wesfarmers.

The door is still open for another cash rate cut, thanks to benign inflation and the persistently high Australian dollar.

BHP Billiton will slash up to 200 jobs after closing its underground nickel mine in Western Australia due to safety fears.

The 2013/14 federal budget has blown out by $17 billion since the election and is forecast to be the third largest deficit on record at $47 billion.

The Australian share market is making early gains led by the banks following jumps in stocks in the US and Europe overnight.

US stocks have jumped following a strong report on US industrial output that came a day before a much-anticipated US Federal Reserve policy meeting.