AAP

Australia's most expensive and longest-running court case, involving Alan Bond's Bell Group, has ended in a settlement for an undisclosed sum.

The Australian dollar is lower after the central bank said it hasn't ruled out more interest rate cuts.

Retailers have urged the new Abbott government to hit the ground running to help boost confidence heading into the Christmas shopping season.

The share market has closed a touch higher as strength in the banking sector outweighed weakness among resources stocks.

Iron ore miner Fortescue Metals Group will start reducing its $12 billion in debt from November.

Low-cost gold producer Regis Resources has more than doubled its full year profit due to a boost in gold sales and a higher realised price.

The Reserve Bank of Australia has signalled that another interest rate cut is possible, although it is not keen to make the move soon.

Construction firm John Holland has won a $257 million contract for work on a rail project linking to Gina Rinehart's Roy Hill project.

Major party MPs have defended the Australian Electoral Commission amid sustained attacks by businessman and political hopeful Clive Palmer.

Plans to charge $4,000 per year for the children of 457 visa holders attending Western Australian public schools have been watered down after a backlash over the budget-boosting measure.

The Australian stock market has started lower as traders sit on the sidelines following recent gains and ahead of this week's meeting of the Federal Reserve.

Australia faces a long road to economic recovery, even if business gains a short-term boost in confidence from the election of a majority coalition government.

US stocks have mostly gained, helped by news that Larry Summers, perceived as in favour of tighter monetary policy, pulled out of the race to lead the Federal Reserve.

Gold futures have risen, bouncing off a five-week low as a shift in the race to replace Federal Reserve chief Ben Bernanke bolstered expectations for the duration of the central bank's bond-buying

The Australian dollar continues to be buoyed by greenback weakness amid easing tensions in Syria and a hawkish candidate's withdrawal from the race to become the US central bank chairman.

The Australian dollar hit a three-month high as the man US President Barack Obama nominated to lead the US Federal Reserve withdrew from the race.

Australian shares have continued their run of gains that began on September 6, the day before the federal election.

A disgraced Perth lawyer who overcharged clients and is now fighting to save his career has been scolded by the chief justice for not explaining why there has been a delay in delivering reparations

Teachers will walk off the job on Thursday to protest against proposed job losses and funding cuts to dozens of public schools.

Three Western Australian politicians have been named in Prime Minister-elect Tony Abbott's new ministry, with two others receiving posts in the outer ministry.

Canberra's mid-year budget update, usually released at the end of the year, may be delayed until early 2014 by the incoming federal coalition government.

Australian shopping centre giant Westfield is selling seven US malls for $US1.64 billion ($A1.76 billion).

Rare earths miner Lynas has widened its full year loss but has set the ambitious goal of becoming one of the the world's leading rare earths suppliers.

The Australian share market has opened more than three-quarters of a per cent higher.

New houses in Australia's capital cities are being built on plots of land that are up to one third smaller than 10 years ago, says industry analyst BIS Shrapnel.

Queensland farmers will take on Australia's richest woman and an Indian mining giant in the state's land court.

Lawrence Summers, who was considered the leading candidate to replace current US Federal Reserve Chairman Ben Bernanke, has withdrawn his name from consideration.

The Australian dollar has bounced on the news that former US treasury secretary Larry Summers has withdrawn from the race to succeed Ben Bernanke as Federal Reserve chief.

From Friday September 13.

The Australian dollar is trading slightly lower, as traders look ahead to a key meeting of the US Federal Reserve next week.

The Australian market closed lower on Friday after a seven-day run of gains that had pushed share prices to five-year highs.

The chief executive of Brockman Mining Luk Kin Peter Joseph has been charged with bribery offences over a $15 million company sale.