AAP

The Australian dollar has opened a quarter of a US cent lower after investors bought US dollars in response to comments from the US Federal Reserve that US economic growth had slowed, but should pick up again soon.

DULUX’S manufacturing facility in O'Connor has just hit the market and is expected to attract interest from developers and owner-occupiers, according to its vendors.

Qantas chief executive Alan Joyce has foreshadowed "tough decisions" and a greater focus on Asia to turn around the airline's loss-making international business.

The Australian share market closed higher on investor optimism that debt-burdened Greece will access more bailout money and avoid generating more financial turmoil.

Julia Gillard has used parliament's question time to highlight the achievements of her first year as prime minister, saying she wants to spread opportunities to all Australians.

Premier Colin Barnett says the federal government had tried to pressure the state to cancel its agriculture minister's trip to Indonesia in response to the ban on live cattle exports.

Mining magnate Andrew Forrest says he is feeling "quite confident" about reaching his target of 50,000 job offers for indigenous Australians by the end of next week.

The outlook for economic growth in the next three to nine months is still weak as the economy continues to deal with the impact of the floods, a report has found.

West Australian Premier Colin Barnett says protesters blockading the site of a proposed $30 billion gas hub in the Kimberley should "move on" now they've made their point.

Rio Tinto says it will increase its stake in Ivanhoe Mines by exercising its remaining warrants in the Canadian company for $476 million in a deal related to the development of the Oyu Tolgoi copper and gold project in Mongolia.

Qantas Airways says underlying profit before tax is expected to be between $500 million and $550 million for the full 2010/11 year, and announced a settlement with engine manufacturer Rolls Royce.

A proposal by federal Defence Minister Stephen Smith to base more military assets in western and northern Australia has been welcomed by Premier Colin Barnett.

West Australian Labor Party members are set to clash at this weekend's state conference over whether to endorse a permanent ban on live animal exports.

Australian stocks opened higher this morning, with market players buoyed by developments in Greece and amid firmer commodities prices.

Aquila Resources says it has not reached an agreement with Brazilian resources giant Vale regarding how coal shipments can be made separately from a jointly owned mine.

The Australian dollar has opened a quarter of a US cent higher amid encouraging signs Greece may avoid a credit default.

Most flights have resumed in Sydney after an ash cloud that has caused massive delays moved from mainland Australia to hover over Tasmania and New Zealand.

Full-strength Foster's bid tipped – The Aus; Cattle industry fears Jakarta will impose ban – The Fin; Hunger driving trade reform – The Aus; Labor's ploy to cut power bills – The Fin; Murchison caught in vortex of Mid West share price crash – The West

US stocks closed higher on Tuesday amid hopes that Greece's government would survive a confidence vote, a crucial first step in defusing the country's debt crisis and stabilising Europe's finances.

Opposition Leader Tony Abbott is still hopeful of securing Senator Steve Fielding's support for a national vote on the carbon tax after his Family First party boss backed it.

Australian shares held on to early gains to put in their best performance in about a week on the back of firm offshore leads.

The Australian Greens have suggested the federal government's hands-off approach to the equal pay case could be costly for the budget bottom line.

A former building contractor has been charged over a scam at a Perth council involving alleged fake work invoices and kickbacks.

A second agency has flagged downgrading Woodside Petroleum's credit rating following last week's $900 million cost blowout and delays to its flagship offshore gas project.

State agriculture minister Terry Redman says diplomatic damage caused by Canberra's sudden cattle trade ban will prevent a quick resumption of live cattle exports to Indonesia.

A larger ash cloud from the Chilean volcano could disrupt travel at Australia's major airports for two days, affecting hundreds of thousands of passengers.

The central bank has again signalled that interest rates will increase "at some point" but says it will wait for more news on the state of the international economy and on Australia's domestic demand.

Brewer Foster's Group has rejected a $9.51 billion all-cash takeover offer from international beverage giant SABMiller, saying the bid undervalues the company.

The financial position of Australian households has deteriorated, a survey that measures household savings shows.

Commodity export earnings are forecast to reach a record $256 billion in 2011/12, an 18 per cent increase on the previous financial year, the federal government's commodity forecaster says.

Federal Treasurer Wayne Swan has described as a "cheap stunt" an opposition move to overturn a looming ban on mortgage exit fees.

Australian stocks have made a bright start, opening higher on the back of strong gains in the materials and metals sector.