AAP

Oil and gas major Chevron says it has made more gas discoveries in the Carnarvon Basin.Chevron has now made 21 discoveries offshore Western Australia since mid-2009.

The Australian market has opened higher, led by industrial stocks with exposure to the US and the major banks heading into reporting season.

The Australian dollar is higher after traders went bargain hunting when the currency fell to a six-week low.

Australia's company directors are more optimistic about business growth prospects in the year ahead.

US stocks have finished up more than one per cent despite a two-minute mini-crash caused by a false news agency tweet, with good earnings results from DuPont, Travelers and Netflix.

The Australian dollar has fallen to its lowest level in six weeks following the release of disappointing Chinese manufacturing figures.

The Australian share market has closed higher, boosted by a 10 per cent rise in the shares of Woodside Petroleum, which announced a $520 million return to shareholders.

The nation's three most populous states would miss out on more than $2 billion over two years if Western Australia was given a greater share of GST revenue, Assistant Treasurer David

The Australian market has opened higher, lifted by a positive session on Wall Street and gains for Woodside Petroleum.

Investors have rejoiced in Woodside's decision to pay a generous dividend, despite concerns about the company's lack of short-term growth projects.

Tech start-ups could add $109 billion to the Australian economy and create 540,000 new jobs by 2033, according to a new report commissioned by Google.

Oil prices rose in choppy end-of-contract trading, as bargain-hunters moved in following last week's plunge that prompted speculation about a possible cut to OPEC output.

US stocks have moved higher amid mixed earnings reports, bouncing back after last week's losses.

Former prime minister Kevin Rudd has joined global business and political heavyweights as an adviser on a new, $US300 million, China-focused scholarship program established by a billionaire US busi

The Australian dollar has started the week on the back foot, after losing more than three quarters of a US cent late on Friday.

The Australian share market closed higher, led by resources stocks that rebounded after being battered last week due to falling commodity prices.

Investors have dumped Oz Minerals stocks to 10-year lows after it slashed production guidance in its quarterly update.

South Australia and Tasmania should not be disadvantaged as part of any arrangement between the big states on GST, Opposition Leader Tony Abbott says.

The coalition can't commit to returning the federal budget to surplus in its first term because it can't rely on the government's figures, shadow treasurer Joe Hockey says.

New Zealand's Restaurant Brands, which operates KFC, Starbucks, Pizza Hut and Carl's Jr fast-food brands, has dismissed speculation it might be in the running to buy 40 KFC stores in Western Austra

The Australian market has opened higher with gains across the board except in retail stocks.

Western Australia is still the nation's economic powerhouse, and the gap between the best- and worst-performing states in the country appears to be widening.

The Australian dollar is lower as its US counterpart rallies amid concern about the weak global economic growth.

US stocks eked out a gain on Friday but it wasn't enough to keep the week from ending in the red.

The Australian dollar is higher after gains on stock markets and in the gold price overshadowed a warning from the International Monetary Fund about the currency's value.

The Australian share market has made feeble gains, after resources stocks were spared a further pounding.

NBN Co remains "very comfortable" about staying within its forecast $34.7 billion capital cost for rolling out the National Broadband Network, chief executive officer Mike Quigley says.

Lynas expects demand for its products to grow over the medium term after beginning production of its first separated rare earths products in the March quarter.

Opposition Leader Tony Abbott appears to be backing away from an earlier commitment to deliver a budget surplus in the first term of a coalition government.

Santos is sticking with its full year production targets despite suffering a slide in the first quarter.

Australian stocks have opened firmer, as investors defied a negative lead from Wall Street and took advantage of recent declines to get back into the local market.

Rio Tinto chief executive Sam Walsh says the company will focus on divesting non-core assets as it strives to save $US5 billion ($A4.87 billion) through to 2014.