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The Australian dollar is trading at seven-week highs, gaining over one US cent after a breakthrough was announced to resolve the eurozone government debt crisis.
A clash is looming between police and protesters planning to occupy Forrest Place, with authorities insisting that overnight camping there won't be allowed.
European leaders have agreed on a crucial plan to reduce Greece's debts and provide it with more rescue loans so that the faltering country can eventually dig out from under its debt burden.
Opposition Leader Tony Abbott says he is yet to speak to a Liberal backbencher who indicated he might cross the floor in support of Labor's mining tax.
Woolworths has reported a "patchy" first quarter sales result, with its supermarkets, liquor and new homeware divisions performing well, while sales declined at Big W.
Australian shares jumped almost two per cent, after the market finally opened, as European leaders agreed on a crucial plan to reduce Greece's debts and provide it with more rescue loans.
Premier Colin Barnett and Opposition Leader Tony Abbott have rebuked federal Liberal MP Mal Washer for signalling he may support the federal government's proposed mining tax.
US stocks closed with solid gains Wednesday after a choppy session focused on the EU crisis summit, which produced no comprehensive plan but gave hints at real progress.
Woodside Petroleum's new chief executive has not ruled out an onshore processing plant in East Timor for the multi-billion-dollar Sunrise liquefied natural gas project, although the company is stil
The Australian dollar is three-quarters of a US cent lower against the background of delays in Europe's debt crisis talks and soft local inflation figures.
Western Australia's population will double over the next 40 years on the back of a continuing resources boom, Regional Development Minister Brendon Grylls says.
Mining giant Rio Tinto has weighed into Africa's nationalism debate, with chief executive Tom Albanese saying royalty regimes are better for host countries than direct equity ownership in projects.
More than a quarter of nations represented at the Commonwealth leaders' meeting in Perth have failed to allow basic industrial rights for workers, the ACTU says
The resources sector could lose market share to other countries if new exploration incentives are not introduced and costs continue to rise, warns the nation's richest person, Gina Rinehart.
Australia's peak business group has backed Prime Minister Julia Gillard's support for free trade access to developing nations against rising calls for protectionism in international markets.