AAP

More foreign workers are expected to service Australian resources projects within the next few years as major companies look to save on labour costs.

Australian shares finished slightly higher as investors moved back into iron ore focused stocks amid softness in other sectors.

A new panel should be set up under Fair Work Australia (FWA) to deal with the listing of default superannuation products, the Productivity Commission recommends.

Two Chinese entities proposing a takeover of minerals explorer Discovery Metals say they are disappointed by Discovery's rejection.

Fortescue Metals Group has again looked to debt to improve its cash holdings, upsizing its new credit facility by $US500 million ($A489.6 million) to $US5 billion ($A4.9 billion).

A bitter feud over plans to import potatoes from New Zealand is escalating, with growers accusing Australia's biosecurity body of fudging the science and lacking the knowledge to prevent a major pe

Australian stocks have opened flat after mixed leads from Wall Street and European markets.

Billabong shares have plunged almost 17 per cent to their lowest ever price, after private equity firm TPG withdrew its $694.5 million takeover offer.

Treasurer Wayne Swan says Australia can't avoid the slowdown in the global economy but the national economic outlook remains strong.

US stocks have closed little changed after a solid rally sparked by surprisingly good data on weekly jobless claims fizzled out, in part due to questions over the figures.

Live animal exports will decline in coming years and in the meantime Australia should start sending carcasses overseas to avoid mistreatment of sheep and cattle, Premier Colin Barnett says.

The chairman of Exxon Mobil Australia has warned that the soaring costs of doing business threaten the nation's much-anticipated liquefied natural gas boom.

Iluka Resources' share price slid more than six per cent after the mineral sands miner posted a big fall in third quarter sales revenue due to lower production and demand.

The Australian share market has closed marginally lower as investors consider the chances of more interest rate cuts in the wake of the latest unemployment figures.

Toro Energy has brushed off threats by anti-nuclear groups to challenge ministerial environmental approval of its Wiluna uranium project in Western Australia.

Australia Post will be delivering on the weekends for two months in the lead-up to Christmas as it announces plans to ramp up its parcel network and create digital mail boxes.

The competition regulator has allowed pathology and radiology provider Sonic Healthcare to buy the Healthscope pathology business in Western Australia but won't allow Sonic to acquir

Julia Gillard will seek to improve Australia's troubled ties with India on her first prime ministerial visit to the nation next week.

Shares in rare earths miner Lynas have plummeted after a Malaysian Court delayed the start of production at its plant to consider an application by opponents.

 Economists doubt a confused set of labour force figures will stand in the way of the Reserve Bank of Australia (RBA) cutting the cash rate again at its Melbourne Cup day board meeting in Nove

News Ltd's takeover of pay television group Consolidated Media is set to go ahead after the competition regulator ruled out a potential rival bid by Seven Group.

The Australian share market has opened almost two-thirds of a per cent lower.

Economists are expecting the domestic unemployment rate to have risen, confirming fears the job market has weakened in recent months.

US stocks have closed lower amid investor caution after Alcoa said that China's economic slowdown was hitting aluminum consumption and Chevron slashed its earnings outlook.

Prime Minister Julia Gillard has turned the tables on opposition tactics to try and garner outrage about the impact of the carbon tax.

Alumina received no dividends from its joint venture partner Alcoa in the three months to September after the US company posted a third quarter loss of $US143 million ($A140.9 million).

The Australian dollar closed marginally lower in local trading after a weaker global growth report by the International Monetary Fund.

Some of the public anger directed at Australian banks is justified and the only way to counter this is to treat customers well, Bendigo and Adelaide Bank says.

Nine Entertainment's prospects of avoiding receivership have received a boost after a group of debt holders led by Goldman Sachs agreed to a debt restructuring proposal.

Australia's northern cattle regions could benefit significantly if animals destined for sale overseas were processed at home instead of being exported alive, a new report says.

The Australian share market has closed lower as investors take profits in the wake of the market hitting its highest level in 14 months.

It is unacceptable that plans for a third runway at the congested Perth Airport appear a long way off, Transport Minister Troy Buswell says.