AAP

Commerce Minister Michael Mischin says he is open to the possibility of further extending Sunday shopping hours, but has not made any firm decision on the matter.

US equity markets suffered one of their poorest weeks of 2013 ending Friday, tumbling on the back of uninspiring economic data and troubling earnings reports from Walmart and other retailers.

The Australian dollar is slightly lower after recovering most of the losses it made after the release of strong US jobs figures.

Australian shares have finished weaker as profit taking hit the big banks and resource companies.

Motor retailer and logistics company Automotive Holdings Group's profit is up more than 30 per cent, thanks to strong sales and results from its core businesses.

Fortescue Metals Group has attracted an investment of up to $US1.15 billion ($A1.27 billion) fom Taiwan's largest private company, Formosa Plastics Group, to underpin the development of a new iron

Australian shares are weaker as uncertainty about US stimulus measures hit Wall Street and local resource stocks.

Santos' half year net profit has risen three per cent due to increased sales revenue from higher gas prices.

ANZ made a $4.7 billion profit for the nine months to June, an increase of 7 per cent.The bank said the result was driven by revenue growth and productivity gains.

The Australian dollar is lower after better-than-expected US jobless claims figures boosted the greenback.

US stocks have tumbled after Dow components Cisco and Walmart spotlighted the weak economic outlook in their earnings reports.

The Australian dollar has firmed after Japan's economics minister, Akira Amari, said Australia's second largest trading partner was halfway out of deflation.

The share market edged lower due to mixed reactions to corporate earnings reports.

Rio Tinto's dispute with the Mongolian government has intensified after the mining giant said it would sack up to 1,700 mostly local workers.

Federal Labor would set up a special economic zone in northern Australia if re-elected, Prime Minister Kevin Rudd says.

Wesfarmers is optimistic about the year ahead after supermarket giant Coles helped it grow annual profit by 6 per cent to $2.26 billion.

Australian stocks have opened slower on the back of disappointing data out of the United States.

Penalty rates for workers are firmly in the sights of the coalition if it wins the federal election, unions say.

Chilean workers have gone on strike at BHP Billiton's Escondida, the world's largest copper mine, over demands for an annual bonus and better working conditions.

- The Australian dollar is a quarter of a US cent higher, helped by some positive European economic data and higher metals prices.

US stocks on Wednesday closed lower after anaemic inflation data and a disappointing earnings report from Macy's suggested economic weakness.

The Australian share market is slightly lower after strong earnings reports from major companies failed to hearten investors

Average wage rates across the national economy grew by just 2.9 per cent over the past financial year, and economists tip continued low growth as rising unemployment signals a weakening labour market.

The mining sector's slowdown and fewer construction projects have caused a nine per cent fall in annual profit for services and engineering firm WorleyParsons.

Construction and mining services giant Leighton Holdings has reported a significant lift in half-year profit, a result which was boosted by the $620 million sale of its telecommunications assets ea

Specialist workforce provider SKILLED Group has grown its profits by almost 14 per cent despite a weakening mining sector dragging business down.

The resources sector union has been granted leave to appeal a decision allowing workers at Woodside's Pluto gas plant to be denied accommodation during wage-related industrial action.

Oz Minerals has blamed lower production volumes at a South Australian gold and copper mine and big write-downs for a half-year loss of $268 million.

The Australian share market has nudged slightly lower in early trade.

The federal opposition is refusing to say when it will return the budget to surplus, with Liberal treasury spokesman Joe Hockey claiming the bottom line figures are "almost too unpredictable".

Commonwealth Bank of Australia has posted a record $7.68 billion full-year profit.CBA's net profit for the year to June 30 was up 8 per cent from $7.09 billion in the previous year.

The Australian dollar is lower after the greenback was boosted by positive US retail sales data that sustained speculation the US Federal Reserve will begin tapering soon.