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Australian stocks are higher after US Federal Reserve chairman Ben Bernanke indicated stimulus measures would remain in place for the forseeable future.
US stocks ended mixed on Wednesday after the minutes of the Federal Reserve's last policy meeting suggested it could end its QE stimulus program by the end of the year.
Holden and the federal government are edging closer to an agreement to keep the car maker in Australia, but it may take more public funds to seal the deal.
Australia has enjoyed a mining boom thanks to the Asian Century but is badly trailing the competition when it comes to feeding the region, says Nufarm chairman Donald McGauchie.
The Australian dollar is weaker as traders overlook the International Monetary Fund's forecast that Australia's biggest trading partner China faces a prolonged growth slowdown.
US stocks have closed solidly higher for the fourth straight day as investors ignored the International Monetary Fund's lowered growth forecasts for the US and global economies.
Australian shares shot up in what market watchers hope is a sign investors are over their jitters caused by the US flagging a cut to its stimulus program.
Space boffins should prepare for a wave of astronomical revelations with the $51 million Murchison Widefield Array (MWA) radio telescope now in full swing.
The Supreme Court of New Zealand has granted Western Australia-based Alesco Corp the right to challenge a tax avoidance ruling over its use of securities with the characteristics of both equity and
US stocks have ended higher as investors look forward to the kickoff of earnings season.The Dow Jones Industrial Average rose 88.85 (0.59 per cent) to 15,224.69.
The price of silver has plunged quicker than that of gold since Federal Reserve boss Bernard Bernanke's positive comments on the US economy three weeks ago.