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The Australian share market bounced back on Friday as traders decided the economy is doing better than a preceding three-day run of losses would suggest.
Former police minister Rob Johnson has put up his hand for the job of speaker in the new parliament, saying he was previously endorsed for the role by Premier Colin Barnett.
Premier Colin Barnett has reacted angrily to a likely cut in the state's share of GST revenue, describing it as the "flashpoint" in relations with the federal government.
A Reserve Bank of Australia official says the large surge in employment growth in February will not, by itself, have an impact on the interest rate outlook.
Australian cattle numbers have grown substantially, partly as a result of the federal government's temporary suspension of live cattle exports to Indonesia in mid-2011, says beef producer Australia
The S&P 500 flirted with an all-time high Thursday as equity markets continued their upward march in the wake of strong labour data and bullish market sentiment.
The Australian dollar has closed at a five-week high after strong jobs data raised the prospect the central bank would leave interest rates unchanged in the period ahead.
Lower interest rates have been helping the residential building market to recover, with prices in many markets rising, a Reserve Bank of Australia official says.
James Packer says politicians should curb their rhetoric on foreign workers during the federal election campaign, saying the current debate damages the nation's reputation abroad.
Australia has posted its strongest monthly employment growth in 13 years, confounding expectations as the unemployment rate held steady for a third straight month.
Businesses expect the pain of a high exchange rate to intensify over the coming year, with exporters saying they will respond by slashing their investment spending.