AAP

Virgin Australia chief executive John Borghetti will leave his role in 2020, ending a decade at the company.

The Australian share market edged higher, supported by energy, healthcare and consumer-exposed stocks, as US President Donald Trump and North Korean leader Kim Jong-un held talks aimed at denuclearisation of the Korean peninsular.

Australia shares have opened flat despite a strong lead from major international markets, ahead of the Singapore summit between US president Donald Trump and North Korea leader Kim Jong Un.

Oil prices are little changed as comments from the Iraqi oil minister casts doubt as to whether the Organization of the Petroleum Exporting Countries will decide to boost output at its upcoming meeting.

Gold has inched higher, as investors anticipate the US central bank monetary policy meeting this week that is expected to boost interest rates, and ahead of a US-North Korea summit.

Clive Palmer has been ordered to disclose the entirety of his personal assets as part of an ongoing legal dispute with Queensland Nickel liquidators.

The Australian share market lost ground on a day of low trading volumes as investors hold fire ahead of the imminent G7 meeting in Canada.

Rio Tinto has committed to a 200 million yuan ($41 million) joint venture with state-owned China Minmetals to explore mineral deposits in China.

The Australian share market is lower after upbeat sentiment on Wall Street and Europe's key share markets dried up and investors await a key G7 meeting that starts tonight (AEST).

The Australian dollar is lower against a weakened US dollar and the other major currencies, while market risk sentiment has flipped from upbeat to downbeat when Wall Street opened with no obvious reason.

Global benchmark Brent crude has surged nearly $US2 a barrel, lifted by concern about a steep drop in exports from Venezuela and worries OPEC may not raise production at its June meeting.

US dollar weakness has helped boost gold prices, but gains were limited as the market awaited clues from next week's meeting of the Federal Reserve on the pace of US interest rate rises.

Australian shares have closed higher for the second consecutive day, with broad-based gains led by the miners and supported by the energy and financial sectors.

Wesfarmers bosses have vowed to focus on delivering returns to shareholders after the company's disastrous foray into the UK hardware market.

AMP has been hit with a fourth shareholder class action over the scandals revealed at the Financial Services Royal Commission and the resulting damage to the embattled financial giant's market value.

The Australian share market is higher after comfortable rises on most key markets in the US and Europe and price gains for copper and iron ore.

The Australian dollar has crept higher, extending its post-gross domestic product rally against a defensive US counterpart.

Oil prices have fallen on worries that global supply is climbing after US inventories rose unexpectedly and Saudi Arabia and other big producers signaled that they may increase output.

Gold prices have stayed steady, see-sawing in a narrow range as a weaker US dollar and trade tensions provide support but investor anticipation of a US rate hike next week weighs on prices.

Higher prices for iron ore and oil and stronger-than-expected economic growth figures have helped boost the Australian share market and Australian dollar.

Western Australia has recorded its first year-on-year economic growth in more than four years, while the national economy expanded 1 per cent in the March quarter, official figures show.

Metcash will take a $352 million hit in its full-year results due to weakness in the Western Australian economy and the decision of one of its South Australian supermarket customers not to renew its contract.

Australian shares have opened comfortably higher after mainly positive finishes on global markets in the offshore session.

The Australian dollar is down against its US counterpart which has enjoyed a rally as more strong US economic data prompts positive sentiment.

The Australian dollar is down against its US counterpart which has enjoyed a rally as more strong US economic data prompts positive sentiment.

Brent crude have reversed losses, after hitting its lowest price in nearly a month following a report the US government asked Saudi Arabia and other major exporters to increase oil output.

Gold prices have risen as the US dollar has retreated slightly from close to a six-month high even as strong US economic data sealed the case for the US Federal Reserve to increase interest rates.

The Australian share market has been hit by falls in the heavyweight energy and mining sectors caused by weaker commodity prices.

The Reserve Bank has left the cash rate unchanged at 1.5 per cent for a 22nd consecutive month, as it waits for job growth and an improving economy to deliver a boost to wages and inflation.

The Australian share market has opened lower, led by falls across the energy and materials sectors and bucking the trend of market gains internationally.

The Australian dollar has continued to climb against its US counterpart after positive retail sales figures boost the local currency and as the US dollar index falls.

Oil prices have fallen about two per cent, with US crude touching its lowest level in nearly two months, breaking below technical support levels as investors keep selling amid growing US production, possible global supply growth and nagging trade tensions.