AAP

A new Australian manufacturing industry group has launched a fresh attack on the proposed carbon tax.

Australian shares were higher at noon, bucking a weak US lead as investors took heart in a plan to recapitalise ailing European banks to help contain the impact of the eurozone debt crisis.

The Australian dollar was slightly lower after a credit downgrade for Italy and Spain dampened market optimism.

Wall Street stocks closed in the red on Friday after a credit downgrade on Italy and Spain snuffed out a rally on better-than-expected US jobs numbers.

The central bank has calculated how much more expensive houses are, the closer you are to the city centre or the waterfront.

The International Monetary Fund (IMF) has warned that recent global financial market volatility has increased uncertainty over Australia's near-term economic outlook, but it starts from an "enviabl

Fertiliser tycoon Pankaj Oswal says new allegations he siphoned an additional $113 million from Burrup Fertilisers are a "smokescreen" to hide the receiver's problems selling the company.

Gold miner Exco Resources doesn't want to develop its Mt Colin copper and gold deposit in Queensland and may sell it.

The federal government's carbon tax will cost every Australian $40,000 in the period to 2050 and a cost-benefit analysis should be conducted before it passes into law, an opposition-dominated Senat

The Australian share market opened higher on the back of news European leaders would help cash-strapped banks in the Eurozone debt crisis and a strong lead from Wall Street.

Qantas says it's working to contact all passengers who, it's expected, will face delays even though strike action was called off yesterday at the 11th hour.

Activity in the Australian construction sector is still in the doldrums, as a lack of consumer and investor confidence takes its toll, a report shows.

The Australian dollar is more than one US cent higher after the European Central Bank announced new measures to provide cash-strapped banks with liquidity.

US stocks put on solid gains Thursday, helped by more confidence in banks and the retail sector and in Europe's push to ensure its banks remain stable in the case of a Greek sovereign default.

A $20 billion liquefied natural gas (LNG) project in Australia's far northwest will be a "game changer" for Darwin, federal resources minister Martin Ferguson says.

The Australian dollar rose more than one US cent after riding a wave of confidence generated by positive news from the debt-stricken Eurozone.

The Australian dollar is almost one US cent higher at noon as market sentiment remains upbeat over the European government debt crisis.

The Australian dollar is almost one US cent higher at noon as market sentiment remains upbeat over the European government debt crisis.

Gold producer Focus Minerals has maintained its production target of more than 200,000 ounces of gold annually after completing its $68 million take-over of Crescent Gold.

The Australian share market has continued its rally, led by miners and banks on renewed investor optimism a plan to help ease the eurozone debt crisis is imminent.

Employment is growing on the back of an expansion in the mining and construction sectors, Prime Minister Julia Gillard says.

The Australian dollar is more than one US cent higher as hopes grow that European countries will support their banks to prevent the eurozone debt crisis spreading.

US stocks surged for a second day on Wednesday on signs that Europe was preparing a plan to contain the Greek crisis and protect the region's banks from the effects of a Greek debt default.

Australia's tax system is riddled with loopholes that encouraged a culture of tax avoidance amongst the affluent, a tax forum has heard.

West Australian Premier Colin Barnett has been heckled by protesters in Broome over the proposed $30 billion gas hub at James Price Point.

The Australian share market staged a late rally to close firmly in the black after a similar surge on Wall Street and higher commodities prices overnight boosted resources and financial stocks.

The big four banks have tough decisions to make if they want to grow or even just maintain their share of the mortgage market in a subdued property environment, analysts say.

Cashed-up thermal coal miner New Hope Corporation has invited formal takeover bids after receiving several preliminary offers, with one analyst tipping Xstrata as a potential suitor.

West Australian Opposition Leader Eric Ripper says Labor can still win the next state election despite the party polling below 30 per cent.

Retail trade rose by 0.6 per cent for the second month in a row in August.

The Australian market has opened higher following a dramatic turnaround on Wall Street in the final 15 minutes of trading.