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Australians are expected to get a little more footloose and fancy-free with their cash over the next six months, giving the economy a shot in the arm.

The Australian share market has opened one per cent higher after Wall Street rallied on talk of broader monetary stimulus in Europe and good home sales figures.

Mining giant BHP Billiton has lifted production 9 per cent, driven by increasing iron ore, coal and petroleum output.

Oil prices have moved higher with support from better-than-expected data on Chinese growth in the third quarter, especially a pickup in industrial output.

US stocks have barrelled higher, propelled by talk of broader monetary stimulus in Europe and a strong Apple earnings report that helped lift the Nasdaq by more than 100 points.

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The Australian dollar has reversed Tuesday's gains in the face of US dollar strength.

Georgiou Group has signed a new joint venture with indigenous contractor Nyiyaparli Engineering and Mine Maintenance Services WPH, to chase resources sector jobs primarily in the Pilbara.

Debate over which area in the Mid West should become a Class A nature reserve has heated up as the Environmental Protection Authority increases its calls to preserve an area that Karara Mining wants to mine.

Fortescue Metals Group has extended its partnership with hockey world champions the Kookaburras for another two years, providing support in the build-up to the 2016 Olympic Games in Rio de Janeiro.

Kin Mining has negotiated a revised deal to acquire the Leonora gold project, after previous backer Geolord Resources said it planned to terminate its support for a capital raising.

A late rally has pushed the share market to a sixth straight day of gains, overcoming a mid-afternoon slump.

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West Perth-based oil and gas explorer Target Energy has tapped its major shareholder Wyllie Group for $3 million through a convertible note issue, and is undertaking an entitlement offer to raise up to $2.9 million.

Subiaco-based explorer Anova Metals says it has received commitments for a $1.69 million capital raising to fund drilling and permitting programs at its Big Springs project in Nevada.

Prime Minister Tony Abbott is hopeful of securing a free trade agreement with China by the time of the G20 summit in November.

Western Australian Environment Minister Albert Jacob has granted Northern Minerals approval of its proposed Browns Range rare earths project near Halls Creek.

Viento Group has been awarded a $7.9 million contract by BHP Billiton Iron Ore for refurbishment at its OHP Substation in Yandi.

Australia is remembering the life and legacy of former Prime Minister Gough Whitlam, who died aged 98.

Housing investment is booming, but the Reserve Bank of Australia is still not giving any indication when it intends to increase its interest rate.

ASX-listed IT firm Empired has bought Wellington-based Intergen for $17.4 million in cash and shares to build the biggest trans-Tasman Microsoft services provider.

Newcrest Mining's NSW gold project is helping it keep on top of costs as it works to turn around its fortunes.

The Australian share market has opened higher on strong US leads and iron ore price gains.

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Gold prices have advanced as declines in the dollar and Treasury yields bolster the precious metal's appeal as a haven.

Oil prices have dipped on concerns about high supplies and more signs from key Middle Eastern producers that OPEC has no plans to cut crude output.

The Australian dollar is higher, boosted by a gain in the iron ore price and a weaker greenback.

US stocks have risen, shaking off weak IBM earnings and extending the rally that began late last week.

Encouraging employee share ownership, reform in vocational education and training, increasing skilled immigration, and the establishment of industry growth centres will be key planks in the federal government's new industry innovation and competitiveness agenda, released last week.

The state government has further incentive to loosen retail trading restrictions after a Productivity Commission report found current regulations are of no benefit to business, but impose a major cost on consumers.

The Australian dairy industry would not benefit from adoption of a Fonterra-style ‘national champion', as in New Zealand, and suggestions otherwise are not consistent with market realities, according to a recent Productivity Commission report.

Offshore buyers are increasingly interested in Perth office stock, but limited assets for sale and the city's rising vacancy rate are stifling opportunities.