AAP

Mine bosses have hit back at a report commissioned by the Australian Greens, which urges a rise in taxes on the resources industry, which is mainly foreign owned.

The Australian stock market has opened firmer with strong gains among resources-linked companies in response to higher commodities prices overnight.

US stock markets rallied on Tuesday, with all three major indices leaping more than one per cent amid optimism that Europe would reach a deal to avoid a destabilising default by Greece.

The Australian dollar was one US cent higher amid growing optimism the Greek parliament will pass its package of tax rises and spending cuts.

ALP bends to seal deal with Greens – The Aus; Call for board revamp after Centro ruling – The Aus; Rio boss warns against meddling with economy – The West; Executives clash over gas hub – The West; Double wages blow for employers – The Fin

Virgin Australia will seek to end its relationship with Malaysia Airlines (MAS) as it pursues a partnership with aviation powerhouse Singapore Airlines.

National Australia Bank's move into China announced this week will be followed by similar ventures later in the year in India and Indonesia.

Australian banks have become less vulnerable to international financial shocks, a central bank official says.

Traditional owners in the Kimberley have negotiated an agreement with Pluton Resources for an iron ore mine to be opened on Irvine Island in the Buccaneer Archipelago.

The Australian share market closed a touch higher, led by defensive healthcare stocks and subdued support for the nation's big miners and banks.

Rio Tinto chief executive Tom Albanese says the company will grow as demand for resources continues unabated over the next 10 years.

A leading New Zealand aviation analyst has claimed it was cash, not ash, that grounded Qantas and Jetstar planes while plumes of Chilean volcano cloud hung over the Tasman Sea.

Western Australian scientists are edging closer towards developing a revolutionary vaccine which can be swallowed in food instead of being injected.

Energy giant Inpex has been given the green light to develop the Ichthys Gas Field in Northern Australia under strict environmental conditions.

Power is being restored and a clean-up is underway in Western Australia's southwest after a storm surge swept through the region.

The federal government appears to have pushed back its own deadline for announcing details of an agreed carbon price mechanism with the Australian Greens and independent MPs.

Australian stocks have opened firmer, with healthcare and metals and materials stocks leading the broader market higher.

The Australian dollar has managed to open higher on Tuesday morning after a tough overnight session.

Burswood gets nod for new stadium – The West; Buck stops with the board: judge – The Aus; Shorten unswayed by builders' protests – The Fin; Atlas puts rail case in $350m FerrAus offer – The West; Big end of town 'out of touch' – The Aus

US stocks rallied on Monday as investors welcomed encouraging news from European on progress toward staving off a potentially destabilising default by Athens.

The Australian share market fell more than one per cent as investors nervously await for a vote by the Greek Parliament on measures to reduce that country's high debt.

Eight current and former directors of shopping centre owner Centro have been found to have breached their corporate duties by approving documents that failed to properly disclose about $2 billion in liabilities.

The federal Labor government will not step in and help its Western Australian counterpart if it has to compensate mining companies due to its ban on uranium mines.

Three companies, one based in Western Australia, and a company director from WA face large fines for allegedly underpaying four Filipino workers on Australian oil rigs.

Voters see little difference in the leadership qualities of Julia Gillard and Tony Abbott.

The Western Australian Police Union says industrial action could affect the Commonwealth Heads of Government Meeting in Perth in October if officers' demands for better pay are not satisfied.

Federal Agriculture Minister Joe Ludwig won't speculate on when the live cattle export trade will resume but in the meantime has set up income assistance for struggling pastoralists.

The company behind one of Australia's largest resource infrastructure projects has confirmed it has entered ownership discussions with interested Chinese parties, after a major foundation customer closed its mid-west iron ore operations last week.

The federal government will provide extra compensation to the nation's lowest income households to offset price rises from the carbon tax.

The Australian share market opened the week lower, in the wake of weaker markets in the United States on Friday.

Labor's carbon pricing policy will be made public in weeks and hinges on big polluters getting a competitive edge by reducing their greenhouse gas emissions.

US stocks fell on Friday as fresh concerns about eurozone financial stability, this time focusing on Italy, unnerved investors already rattled by the Greek debt crisis.