AAP

South African miner Exxaro Resources is 27 per cent shy of reaching the minimum acceptance level in its $338 million take-over bid for Perth-based iron ore explorer African Iron, with one week left

Mining and rail equipment manufacturer Bradken says its first-half profit is up 65 per cent and its full-year expectations remain unchanged.

The Australian share market market has opened flat as investors await the release of the Reserve Bank's interest rate decision and news from Greece and local earnings reports.

Banks say they may not be able pass on any interest rate cut the Reserve Bank of Australia makes today.

The Australian dollar is slightly higher, as it continues to trade on strong US data.

Miners dragged Britain's top share index lower on Monday, after doubt surfaced about Glencore's potential merger with Xstrata, while banks waned in the absence of a debt deal for Greece.

Gold miner Ramelius Resources says it is on track to begin full production at its Mt Magnet mine in March.Shares in Ramelius finished up 2.5 cents, or 2.25 per cent, at $1.135.

The federal government is intensifying pressure on the coalition over its stance on funding for the ailing automotive manufacturing industry.

Software provider ISS Group has inked a three-year deal with iron ore miner and existing client Fortescue Metals Group.

Sales expectations among businesses for the June quarter are at their highest level in eight years, a private sector survey shows.

Motorists can expect to see petrol prices fall by up to three cents a litre in the next fortnight, after fuel peaked last week, an economist says.

The Australian share market market has closed higher after better than expected US jobs figures boosted global sentiment for equities.

Chief executive Chris Ryan is the latest departure from wealth manager Perpetual, after clashing with its board over strategy.

Monadelphous has sold its stake in fellow engineering, construction and contracting company Norfolk Group for $24.4 million, reaping a tidy profit in the process.

Consumer prices rose in January, as the cost of utilities and transport increased.

Industrial services company Spotless has given in to shareholder demands and will allow its private equity suitor to cast its eye over the Spotless business.

Dairy farmers have accused the federal government of having no regard for their future, despite two major Senate inquiries into the supermarket milk price wars.

Labor can win an election in 2013 if it delivers its plans for reshaping the economy, Prime Minister Julia Gillard says.But it will take a lot of hard work.

Qantas boss Alan Joyce has warned a federal parliamentary hearing that proposed legislative changes are a major threat to the airline's future.

The big banks should fully pass on any rate cut by the central bank to help improve consumer and corporate confidence, a business lobby group says.

Retail sales figures for December were poor but a rebound is expected once the full affect of recent interest rate cuts sinks in, economists say.

Job advertisements have posted their largest monthly rise since February 2010, a private survey shows.

Australian shares have opened almost 1.5 per cent higher after the release of better-than-expected US jobs figures.

The latest Fairfax/Nielsen poll shows Julia Gillard is in front of Tony Abbott as preferred prime minister for the first time in nine months.

The Australian dollar is slightly higher, reflecting positive US jobs data.At 0705 AEDT, the Australian dollar was trading at 107.27 US cents, up from 106.88 cents on Friday afternoon.

A strong January jobs report on Friday sent US stocks soaring, pushing the Dow to pre-crisis levels, as investors celebrated a surge in job growth that pointed to new vitality in the fragile recove

Westpac boss Gail Kelly became the latest bank executive to try to soften up the public to the prospect of banks not passing on the central bank's expected interest rate cuts next week.

The Australian dollar eased back below 107 US cents after trading within a tight range as the market awaited key jobs data from the US.

Australian shares edged lower to a weaker finish as investors remained cautious ahead of the release of key US employment data.

Prime Minister Julia Gillard is wary of an economy where the only signs of strength are in the mining sector, after hundreds of jobs were slashed in the banking and manufacturing sectors.

Shares in Decmil Group gained ground after the engineering and construction firm won a $90 million contract for work at BHP Billiton Mitsubishi Alliance's Caval Ridge coal mine in Queensland.

Shares in Magma Metals have skyrocketed after nickel miner Panoramic Resources launched a $40 million takeover bid for the base metals explorer.