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The Australian dollar is three quarters of a US cent higher, driven by a strong rise in US stocks helped by a big boost in earnings for technology giant Apple.
Blockbuster profits from Apple and a solid showing by Boeing have pumped up US markets, with a late boost coming from a slightly improved growth outlook from the Federal Reserve.
Virgin Australia will step up its chase for a larger slice of business travellers and has signalled its intention to one day expand its international flying, with the arrival of two factory-fresh A
Africa-focused uranium miner Paladin Energy says it has significantly strengthened its balance sheet after a convertible bond issue that raised $US274 million ($A266.5 million) from investors.
Treasurer Wayne Swan insists Peter Slipper's decision to stand down as Speaker won't impact on the federal government's ability to deliver a tough budget.
Premier Colin Barnett says an interim report on the way GST revenues are distributed recognises the system is "broken" and has been unfair to Western Australia.
The Reserve Bank of Australia has the room it needs to cut interest rates in May following the release of weaker than expected inflation data, economists say.
Prime Minister Julia Gillard says Australia's economy remains strong, as inflation data due for release on Tuesday could trigger an interest rate cut next week.
Wesfarmers says Coles sales has risen almost five per cent in the third quarter but tough trading conditions led to a 4.4 per cent fall in Target sales.
US stocks closed lower but off earlier steep losses as Wall Street focused on European political and economic uncertainty and some US earnings results missed expectations.
The Australian dollar has moved lower on official data showing weak inflation at the farm and factory gate, which has added to the case for a rate cut by the central bank.
A report confirming Western Australia's strong economic performance is a signal to Premier Colin Barnett to reverse plans for budget cuts that will hit frontline services, the state oppos
The Australian share market closed slightly weaker as investors prepared for crucial inflation data that could pave the way for another interest rate cut.
Hong Kong-listed Wah Nam International has extended its takeover offer for iron ore explorer Brockman Resources as it seeks to take control of all remaining shares.
A fall in producer prices in the first three months of 2012 suggests inflation remains weak and the Reserve Bank of Australia (RBA) will have room to cut interest rates in May, economists say.