AAP

BHP Billiton produced record volumes of coal and iron ore in the second half of 2013, despite falls in quarterly production at its petroleum and Pilbara iron ore divisions.

Global crude-oil prices have gained after the IMF raised its forecast for global growth in 2014 and the International Energy Agency upped its prediction of oil consumption growth.

The Australian dollar remains above 88 US cents ahead of the release of closely-watched consumer price index data.

US stocks ended Tuesday in mixed fashion after a stream of generally lacklustre earnings reports and a modest upgrade to the International Monetary Fund's economic forecast.

The Australian share market shook off a negative start to finish higher on Tuesday as strength among the major banks outweighed weakness in the resources sector.

Resources giant BHP Billiton has signed a final agreement to pay $US3 million ($A3.4 million) to Otto Energy to withdraw from an oil and gas exploration joint venture in the Philippines.

Analysts say Australia's major iron ore players are under pressure as the price of the steel-making ingredient continues to slide.

Australian shares have fallen as China's economic growth numbers continue to weigh on the market.

The Australian dollar has been pushed back above 88 US cents by stronger-than-expected Chinese gross domestic product data.

Gold has traded near a five-week high in London as investors weigh signs of increasing physical demand against the outlook for less US stimulus.

West Texas Intermediate (WTI) crude has fallen from the highest closing price in two weeks amid slowing economic growth and weaker industrial output in China, the world's second-biggest oil consume

Blackham Resources shares are up 44 per cent after the minerals explorer agreed to pay $2 million for the Wiluna gold plant in Western Australia from the receivers of Apex Minerals.

The Australian share market closed lower but recovered from solid losses in the middle of the day to be only slightly down.

Australian shares are weaker as a mixed lead out of Wall Street dents the big banks.

The Australian dollar has hit fresh three-and-a-half-year lows amid concerns over China's shadow banking sector and growing strength in the US economy.

American Express's solid earnings has helped pushed the Dow higher but the broader market has fallen after a mixed batch of corporate earnings and economic reports.

Western Australia is still topping the other states when it comes to economic performance.

The Australian stock market has closed lower, despite solid gains in the resources sector.

It is the biggest, heaviest - and with a legal tender value of $1 million dollars - the most valuable gold bullion coin in the world.

Perth Arena has been named as one of the world's top entertainment venues, ahead of iconic venues including New York's Madison Square Garden and London's O2 Arena.

Spending has risen across the Australian economy for 16 consecutive months and a lower Australian dollar, along with improving consumer sentiment, should provide a further boost this year.

Australian shares are slightly weaker as disappointing US earnings results drag down the big banks, but the big miners power ahead.

Gold futures have settled near unchanged, edging slightly higher after data showing US inflation remains below the Federal Reserve's target.

US stocks have finished mostly lower following disappointing results from a number of big companies, including Citigroup and Best Buy.

The Australian dollar sunk to new three-and-a-half-year lows overnight on the back of weaker-than-expected employment data.

Four incidents involving worker safety at a Fortescue Metals Group mine site are being investigated by the Department of Mines and Petroleum.

Iluka Resources shares have risen seven per cent after the company reported a sharp increase in quarterly sales revenue.

The Australian dollar has dropped below 88 US cents for the first time since July 2010 after official labour force data showed almost 32,000 full-time jobs were lost in December.

Bega Cheese will sell its 18.8 per stake in Warrnambool Cheese and Butter to Canadian dairy giant Saputo, putting Saputo in prime position to win the takeover battle for WCB.

Australian shares have rallied as a sharp drop in the local currency helped give the mining giants a boost.

The Australian share market has opened higher, led by resources stocks, after a positive lead from markets in the United States.

A falling power pole on the property of an 82-year-old woman sparked the Perth Hills firestorm that destroyed 55 dwellings but the government's energy safety regulator says she is unlikely to be penalised.