AAP

The Australian market was 0.4 per cent higher mid-morning as weaker than expected retail sales figures failed to dampen local enthusiasm.

The activist at the heart of the Whitehaven Coal hoax says the corporate watchdog has seized his phone and laptop.

The Australian market has opened higher as investors anticipate improved retail sales over the festive season.

Western Power has been charged by the energy watchdog over an incident in Geraldton last year.

The Australian dollar builds on yesterday's gains.

US stocks have fallen for a second day as the fourth-quarter earnings season opens and as confidence slips after big gains.

The Australian market has finished lower in line with overseas leads, as investors locked in profits on the busiest trading day of the year.

Australia is set to post its hottest day on record today after the country reached a new high yesterday. 

A perfect storm of lower commodity prices, a high dollar and strong imports has pushed Australia's trade balance deeper into the red than at any time since the global financial crisis.

The Australian market was higher mid-morning as low interest rates on savings accounts continued to increase investor demand.

Chinese-owned Yancoal Australia has secured $US596 million ($A570 million) in funds from its parent company.

Shares in Macmahon Holdings face pressure after the mining services company denied receiving an offer for its construction business before entering into a sale agreement with its major shareholder

A new survey shows a further decline in Australia's construction industry.

The Australian dollar is higher after the US dollar fell back from its strong gains made last week.

US stocks have closed lower amid profit taking from last week's rally and caution on the eve of the start of corporate earnings season.

The popularity of online shopping has continued its surge among Australians, with online retail sales growing 27 per cent in the year to November 2012.

The corporate watchdog will investigate if any laws were broken when Whitehaven Coal lost more than $276 million in market value after falling victim to a hoax media release.

Australian stocks finished slightly lower as weakness among the major resources companies outweighed optimism in the US.

Australian stocks were slightly higher at noon after positive US economic data led to investor optimism.

 Rare earths miner Lynas expects to be producing finished products from its controversial plant in Malaysia within weeks.

The Australian dollar is a third of a US cent higher after encouraging jobs data from the United States pushed world markets higher.

US stocks closed higher on Friday, with the S&P 500 hitting its highest level in five years, helped by a steady December jobs report and a surprise improvement in a key index for the service se

Macmahon Holdings says an existing agreement to sell its construction operations to Leighton Holdings means it is unable to let an Indian-based bidder conduct due diligence on the assets.

The Australian dollar has fallen to its lowest level in two weeks on concerns about US debt, after a plan to raise taxes for millionaires divided Republicans in Congress.

Treasurer Troy Buswell says his legal team is assessing an offer to settle court action between himself and his former lover, independent MP Adele Carles.

The builder of the $37 billion high-speed National Broadband Network (NBN) says it is working feverishly to meet its most recent construction targets.

The federal coalition appears to be backing away from its pledge to deliver a budget surplus in every year of its first term in office.

The Australian share market closed lower as investors sold off stocks amid worries about US fiscal cliff negotiations.

Fast-food chain Hungry Jack's has been fined $75,000 for selling food that contained a piece of metal.

Clean Seas Tuna is fighting for survival after failing to find a desperately needed partner for its troubled yellowtail kingfish business.

More than two million passengers are expected to pass through the international and domestic terminals at Perth Airport between December and January.

Women may rule in Australia but for some it's been tough at the top in 2012.