AAP

Profits at Rupert Murdoch's publishing and media giant, News Corp, topped $A1 billion for the 2021/22 financial year.

The strength of Australia's commodities sector has helped propel the ASX to a fresh two-month high, even if the day's gains were a modest five points.

Domestic firms dominate the industry's leaderboard when it comes to sustainability and fairness as investors weigh where to put green capital.

The United Kingdom will re-establish a key diplomatic post in Perth in a bid to bolster trade and investment ties with Australia and the Pacific.

The Australian share market has finished at a two-month high after gaining ground for a third straight week.

Prime Minister Anthony Albanese has reaffirmed Australia's commitment to maintaining the "status quo" in the wake of increased tensions with China.

The Indian Ocean near Perth and Bunbury is one of six offshore wind energy locations being considered across the country.

The Australian share market closed flat after an early rally to a fresh two-month high faded throughout the day.

Climate Change Minister Chris Bowen says the government's climate change legislation will send a message to the global community about Australia's renewed action on reduction emissions.

Commonwealth Bank of Australia has matched this week's move by the central bank and raised its variable home loan rates.

The Australian share market has finished slightly lower, ending its six-day winning streak.

Australia will continue to work with its allies to promote stability in the region, following rising tensions between Beijing and Washington, Prime Minister Anthony Albanese says.

The Albanese government has agreed to a number of changes to its climate laws, securing Greens support to get them through parliament.

The local bourse has gained ground for a sixth straight session, recovering from morning losses after the Reserve Bank raised rates as expected but said it was not on a "pre-set path" when it came to monetary policy.

The Reserve Bank board is expected to lift the cash rate for the fourth month in a row when it meets on Tuesday, with economists tipping a 50 basis point rise.

The Australian share market has shaken off fears of a slowdown in China to finish higher for a fifth day in a row, ahead of the Reserve Bank's expected hike in the cash rate on Tuesday.

One of the country's largest unions has called on employers to solve skill shortages by employing migrant workers, provided that Australians be trained to help fill similar roles.

Teachers, nurses, police officers, cleaners and public servants in Western Australia have been offered a revised pay deal but unions say it still amounts to a cut in real terms.

The Australian share market has closed up 0.8 per cent with every sector in the green except healthcare, making a strong finish to a good month of July.

Costs for Australian businesses rose 5.6 per cent in the 12 months to June 30, their biggest increase since December 2008.

As federal parliament wraps up its first sitting week since the May election, the opposition leader sees little change in approach under Labor.

During her first speech, a newly elected independent MP has urged parliament to be more collaborative and open to trying new approaches.

After signs the US might take a break from interest rate hikes, the ASX200 index closed at its highest level since the Queen's Birthday week sell-off.

Premier Mark McGowan has thrown his support behind his cabinet ministers as the government faces criticism on a number of fronts.

Inflation is expected to peak at 7.75 per cent at the end of this year, before moderating into 2023, Federal Treasurer Jim Chalmers says.

The Australian share market has rebounded from its morning losses to finish in the green after second-quarter inflation data came in slightly below expectations.

Annual inflation data for the June quarter is expected to come in at 6.2 per cent but there's some concern it could be closer to seven per cent.

Strong gains for the energy and mining sectors have helped the Australian share market edge higher ahead of key inflation data.

Anthony Albanese says he wants to see a more unified and functional parliament, as MPs and senators gather for its official opening in Canberra.

The local bourse has finished flat ahead of Australian inflation data and a pending hike in interest rates by the US Federal Reserve.

Crown says its Sydney casino at Barangaroo will open to the public in two weeks "with the highest levels of governance and compliance".

Australia's agriculture minister has criticised the opposition calling for borders with Indonesia to close, saying it is causing industry insecurity.